Loan Against Property

Apply for Loan Against Property | Fast Online Process

✓ Loan Against Property from ₹2 Lakhs to ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.99%

What is a Loan Against Property?

A Loan Against Property (LAP) is a form of credit that can be secured by a borrower. In this case, the borrower needs to pledge their property as a security or a collateral. These schemes also go by the name of mortgage loans. The interest rates on these loans start from 8.99%. Another defining feature of a Loan Against Property is that one can avail high amounts, usually going up to a few lakhs or even crores, as a Loan Against Property. Read on to know more.

Compare and Apply - Loan Against Property Partners

Compare Loan Against Property top lending partners at Bajaj Markets and choose as per your requirement.

Our Partners

Minimum Interest Rate

Loan Amount/Tenure


Bajaj Housing Finance Limited

9.85% p.a.
  • Max Loan Amount - ₹1 Cr
  • Max Loan Tenure - 20 Years

Apply Now

PNB Housing Finance Limited

8.99% p.a.
  • Max Loan Amount - ₹15 Cr
  • Max Loan Tenure - 25 Years

Apply Now


14.00% p.a.  
  • Max Loan Amount - ₹40 Lakhs
  • Max Loan Tenure - 20 Years
Apply Now


      10.60% p.a.
  • Max Loan Amount - ₹5 Cr
  • Max Loan Tenure - 15 Years

Apply Now

LIC Housing Finance

      9.45% p.a.
  • Max Loan Amount - ₹15 Cr
  • Max Loan Tenure - 30 Years

Apply Now

Shubham Housing Finance

13.90% p.a.

  • Max Loan Amount - ₹15 Lakhs
  • Max Loan Tenure - 15 Years

Apply Now

Shriram Housing Finance

12.50% p.a.

  • Max Loan Amount - ₹10 Cr
  • Max Loan Tenure - 25 Years

Apply Now


*The interest rates and associated charges can vary from one lending partner to the other and are subject to policy changes of the partner.

Features of Loan Against Property

A Loans Against Property acquired through Bajaj Markets comes with a handful of exciting features, namely:


  • The Loan To Value (LTV) ratio of a Loan against Property can be anywhere between 75%-90% of the present market value of the mortgaged property

  • Loans against Property also come with flexible repayment tenure. They can go up to 25 years depending on the amount

  • Funds of up to ₹5 Crores are available 

  • The eligibility criteria for a LAP are simple and easy-to-meet

Benefits of a Loan Against Property

Loans Against Property secured from us also come with a host of benefits.


  • One can secure a Loan Against Property of a high value at affordable interest rates

  • Swift and easy balance transfer facility

  • Doorstep service

How to Apply for a Loan Against Property at Bajaj Markets?

Applying for a LAP loan is fairly straightforward and simple. Once you have been through all of the loan details and assessed every other aspect, you must follow the steps mentioned below to apply for a LAP loan.


  1. Online Form Filling: Fill up the LAP loan form with details such as your name, date of birth, address, and contact details.

  2. Specify Details:Then, you will need to disclose details pertaining to your income so that our partner lenders can help you with the best possible LAP loan options as per your credit profile

  3. Submission: Submit the LAP loan application form.

Once the application process is complete, a representative will connect with you to take things further. You will have to provide the requisite documents and then coordinate for identity and property verification. These formalities must be adhered to so that we can help you enjoy a hassle-free borrowing experience.

Loan Against Property Eligibility Criteria

Individuals will need to meet the minimum Loan Against Property eligibility criteria laid down by our lending partners to avail the funds. Meeting the conditions mentioned below will increase your chances of a fast approval and swift financing.

Eligibility Parameters

Salaried Individuals

Self-Employed Individuals

Employment Status

Must be employed with a MNC or a private firm of repute 

Self-employed with a steady income source

Documents Required for Loan Against Property

1. A salaried employee must furnish the following documents:

  • Identity Proof: PAN card, Aadhaar card, Voter’s ID, passport, or any other credential issued by the Government of India

  • Address Proof: Voter’s ID, Aadhaar card, passport, utility bill, or ration card, or any other identity credential issued by the government

  • Latest salary slip

  • Bank account statements going back 3 months

  • Latest Income Tax Returns (ITR)

  • Documents of the property that is to be mortgaged

2. A self-employed individual, on the other hand, will need to furnish the following documents:

  • Voter’s ID, Aadhaar card, passport, or any other government-issued ID that can count as proof of identity

  • Utility bill, Voter’s ID, Aadhaar card, passport, or any other government-issued address proof

  • Bank account statements going back 6 months

  • Documents of property that the individual wants to mortgage

How to Calculate Loan Against Property EMI?

Calculating your EMI in advance with our Loan Against Property EMI calculator helps you manage your repayments better. Remember that the longer the loan repayment tenure, the lesser will be the monthly EMIs and vice versa.


If you want to calculate your Loan Against Property EMIs manually, you will need the following bits of information pertaining to your LAP loan:


  • The desired loan amount

  • The predetermined interest rate

  • The loan repayment tenure

Factors Affecting Loan Against Property Interest Rates

  • Applicant's Profile

The interest rate charged on a Loan Against Property is based on various factors like the applicant’s age, employment type, income, etc. Salaried employees may have to pay lower interest rates on the loan as they have a fixed source of income. On the other hand, a self-employed individual might have to pay higher interest on a LAP loan. Thus, the interest rate varies from one borrower to another based on their profile.

  • Credit Score

Having a good credit score is crucial in availing lower interest rate on a loan. An individual with a credit score of 650 and above is viewed as a creditworthy borrower and can get competitive rates on loans. If you have a low credit score, the lender may charge you with a high-interest rate.

  • Type of Property

The property being mortgaged also has a vital role in determining interest rates. The interest rate for commercial and residential properties may vary since the value for the property will not be the same. If the property being mortgaged is quite old and under poor conditions, the interest rate might be higher compared to the rates applicable on a well-maintained property.

  • Loan Tenure

When selecting the loan tenure for your Loan Against Property, keep in mind that these loans are a long-term commitment. If you opt for a shorter loan tenure, the EMIs (Equated Monthly Instalments) will tend to be higher and vice-versa. Some lenders might charge a higher interest rate for a shorter loan tenure.

FAQs on Loan Against Property

What are the property types you can take a Loan Against Property for?

You can avail a LAP loan by offering a residential, commercial, or industrial property as collateral. Usually, loans that are secured by putting up a residential property as a collateral attract the lowest interest rates.

What are the end uses of a Loan Against Property?

A LAP loan has no defined end-use. It is essentially a high-value personal loan that the borrower is free to use as they please.

How is my eligibility for a Loan Against Property calculated?

Loan Against Property eligibility is calculated on the basis of the borrower’s CIBIL score, monthly salary or income, property value, and debt-to-income ratio, if any, at the time of filing the LAP loan application.

Can I avail a loan against property without income proof or ITR?

Yes, it is possible that a borrower can avail a LAP loan without income proof or income tax returns (ITR). However, they will need to compulsorily furnish bank account statements going back six months and pay the applicable processing fee via a cheque.

Is there an application fee for Loan Against Property?

No, a hopeful borrower looking to secure a LAP loan does not have to pay an application fee. However, other charges such as processing fees and penalties will be applicable as and when they need to be levied.

Is it possible to apply for a Loan Against Property if it is a joint property?

Yes, it is possible to apply for a LAP loan while offering up a jointly-owned property as a collateral. Some financial institutions, in fact, recommend the same as it increases the chances of loan approval.