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Loan Against Property Eligibility Calculator

Check LAP Eligibility Criteria

✓ Loan Against Property from ₹2 Lakhs to ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.75%

When lenders receive an application for such a loan from a potential borrower, the bank takes some factors like eligibility of applicant into consideration. The financial lender also considers applicants employment status and value of the property. A lender either accepts or rejects the application on the basis of such factors. Hence, it is important for an individual to check their loan Against Property eligibility criteria.


Loan Against Property eligibility calculator tool helps an individual figure out whether or not they are eligible for a loan against property. After checking the eligibility, they can take a call whether or not they should even consider applying for a loan against property.

Loan Against Property Eligibility Criteria


Minimum Requirements for Salaried individuals

Min. requirements for Self-employed individuals


Between 28 to 60 years of age

Between 25 to 70 years of age

Status of Residence

The individual in question should be a permanent resident of India

The individual in question should be a Resident of one of the following cities: Mumbai, Delhi, Hyderabad, Kolkata, Thane, Ahmedabad, Bangalore, Pune, Udaipur, Chennai, Surat, Vizag, Aurangabad, Indore and Cochin

Employment status

Should be a salaried individual who is either employed in a PSU, a private company or a Multinational Corporation

Should be a self-employed individual with a steady source of income

Maximum loan tenure available

Flexible repayment tenure of up to 25 years

Flexible repayment tenure of up to 25 years

Maximum loan amount of

Up to ₹5 Crores

Up to ₹5 Crores

Partner Banks Loan Against Property Eligibility Criteria


Maximum LAP Value

Age Limit

Minimum Monthly Income

Bajaj Housing Finance Limited LAP

Up to ₹1 Cr

21-60 years of age

Subject to lender discretion

PNB Housing Finance Limited LAP

Up to ₹15 Cr

21-70 years of age



Up to ₹5 Cr

23-60 years of age


How to use Loan Against Property Eligibility Calculator

  1. First, you must enter your location of residence, your net income and the EMI amount.

  2. Post the same, they must click on the button that reads “Calculate Now”

  3. After the completion of Step #2, you should be able to see a page containing information regarding whether or not you are eligible for a Loan Against Property, and if so, what is the maximum amount you can apply for as LAP.

What is Loan Against Property Eligibility Criteria

The eligibility criteria for a loan against property is as follows:

  • Credit Score: A CIBIL score of 750 is required at the minimum

  • Employment Criteria: Salaried individuals need to be employed with their current firm for at least 3 years. Self-employed applicants must be generating profits through their venture for at least 5 years before applying.

  • Age criteria: Salaried employees need to be between 28-60 years of age, whereas self-employed individuals need to be between 25-70 years of age.

Documents Required for LAP

The documents required to avail a loan against property are as follows:

  • Latest Salary Slips as income proof

  • Last 3 months bank account statements

  • PAN Card/Aadhaar Card

  • Address Proof

  • Copy of the documents of the property to be mortgaged

  • IT Returns

How do you Calculate the EMI for LAP

The EMI depends on the following parameters:

  • Your total loan amount

  • The duration of the loan that you have chosen

  • Your desired LAP interest rate

How to Repay Loan against Property

You can either repay your loan through Equated Monthly Instalments (EMIs) or through partial/full prepayments. Several lenders allow borrowers to prepay their loans in part or full for zero foreclosure fees as well. 

You can calculate your repayment amount with the Loan Against Property EMI Calculator. Check more features and benefits of Loan Against Property and apply now, only at Bajaj Markets.

LAP Eligibility Calculator FAQs

  • ✔️What is the Criteria for a Loan Against Property?

    Eligibility Criteria for a Loan Against Property will depend upon the type of borrower you are. If you are a salaried individual, for example, you will have to be anywhere between 23-60 years of age and an employee of a company of repute for at least a couple of years. A self-employed person, on the other hand, will have to be at least between the age range of 25-70 years and the owner/partner of a business that has been steadily earning profits for three years at the very least.

  • ✔️How Much Loan Against Property can be Availed by an Applicant?

    An individual can avail of up to ₹5 Cr as a Loan Against Property if they are a salaried individual. However, the actual amount a salaried or a self-employed individual will be eligible for will depend on their individual case.

  • ✔️How Long can the Repayment Tenure For A Loan Against Property be?

    The loan repayment tenure that an individual will be required to pay off their Loan Against Property EMI obligations can range up to 25 years, depending upon the type of borrower and the size of the sanctioned Loan Against Property amount. You can learn more about the same on Finserv MARKETS.

  • ✔️What Security Is Required For A Mortgage Loan Approval?

    As the name suggests, a Mortgage Loan, which is also known as a Loan Against Property, is only approved by a lender as and when the borrower offers up a residential or a commercial property which is in their name as security. It is essentially the only type of security that a borrower will have to offer and is accepted in such a case.

  • ✔️Who can be a co-Applicant for Loan Against Property?

    Yes, more than one person can jointly apply for a Loan Against Property. However, only those people who are directly related to the property owner by blood can be the co-applicants on the same. The owner’s daughter, however, can only be a co-applicant if they are single.

  • ✔️What is the minimum monthly income required by lenders to avail Loan Against Property?

    If an individual is earning ₹25,000 or above per month through their source(s) of income, they should be able to receive a loan against property. However, there are other factors that lenders take into consideration while processing the application for the same.

  • ✔️What is the minimum and maximum age criteria for Loan Against Property?

    A prospective borrower will need to be at least 23 years of age and 70 years old at the most at the time of applying for a Loan Against Property.

  • ✔️Can an NRI take a Loan Against Property?

    As long as the prospective borrower in question owns a residential and/or commercial property that is standing on Indian grounds, they can apply for a loan against their property.