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🔥 Live Rates
🏠 Loan Against Property

Unlock the Value of Your Property for Large Financial Needs

Get high-value funding by mortgaging residential or commercial property. Lower interest rates, longer tenures, and flexible end-use — ideal for business expansion, education, or any large expense.

8.5%Starting Rate p.a.
₹5CrUp to Amount
180 MoMax Tenure
7–10 DaysDisbursal Time

🧮 Quick EMI Estimate

Loan Amount₹1,00,00,000
Interest Rate (p.a.)8.5%
Tenure120 Months
₹1,23,891
Monthly EMI
Full Calc →
₹1,48,66,920
Total Payable
₹48,66,920
Total Interest
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Residential PropertySelf-occupied or rented houses, flats
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Commercial PropertyShops, offices, showrooms, godowns
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Industrial PropertyFactories, warehouses, industrial sheds
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Land & PlotsNon-agricultural land in approved layouts

What is Loan Against Property (LAP)?

A Loan Against Property (LAP) is a secured loan where you pledge your residential, commercial, or industrial property as collateral to raise funds. Lenders sanction a percentage of the property's current market value — typically 50% to 70% — as the loan amount.

Because the loan is secured, interest rates are significantly lower than unsecured options like personal loans. Tenures can extend up to 15–20 years, making EMIs highly affordable. Funds can be used for any legitimate purpose — business expansion, children's education, medical emergencies, wedding expenses, or debt consolidation.

LAP is especially popular among business owners, self-employed professionals, and individuals who own property but need large liquidity without selling the asset. The property remains in your name, and you continue to enjoy its use or rental income while repaying the loan.

What can you use LAP funds for?

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Business ExpansionScale operations, buy machinery, or open new branches
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Higher EducationFund studies in India or abroad
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Medical EmergenciesCover large hospital or treatment expenses
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Wedding ExpensesPlan a grand wedding without depleting savings
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Debt ConsolidationPay off high-interest loans and credit cards
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Property RenovationUpgrade or repair existing property

Why choose Loan Against Property?

Leverage your property's value to access large funds at competitive rates, with flexible repayment options.

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High Loan Amount

Borrow up to ₹5 crore or more, depending on property value and lender policies — significantly higher than unsecured loans.

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Lower Interest Rates

Secured nature means rates starting as low as 8.5% p.a. — much cheaper than personal or business loans.

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Long Repayment Tenure

Tenures up to 15–20 years (180–240 months) keep EMIs affordable and improve cash flow management.

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Flexible End-Use

No restrictions on fund usage — business, personal, education, medical, or any other legitimate need.

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Continue Using Property

You retain ownership and can continue living in or renting out the property during the loan tenure.

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Improve Credit Score

Timely repayment of a large secured loan demonstrates creditworthiness and boosts your CIBIL score.

Loan Against Property – Key Parameters

Loan amount and rate depend on property type, location, income, and LTV ratio.

Property Type / ProfileRate Range (p.a.)Max LTV
Residential – Salaried / Good CIBIL8.5% – 10.5%70%
Residential – Self-employed / Business9.5% – 11.5%65%
Commercial Property9.5% – 12%60%
Industrial Property10% – 13%55%
Land (Non-agricultural)10.5% – 14%50%
⚠️ LTV (Loan-to-Value) is the percentage of the property's market value that lenders are willing to sanction. Final LTV and rate depend on property valuation, legal clearances, income, and credit score.

How much can you borrow?

Loan amount = Property value × LTV ratio. Higher LTV means larger loan but may attract slightly higher rates.

Property Value (₹)LTV 60%LTV 70%LTV 75%*
₹1 Cr₹60 Lakhs₹70 Lakhs₹75 Lakhs
₹2 Cr₹1.2 Cr₹1.4 Cr₹1.5 Cr
₹5 Cr₹3 Cr₹3.5 Cr₹3.75 Cr
₹10 Cr₹6 Cr₹7 Cr₹7.5 Cr

*Up to 75% LTV possible for high-value residential properties with excellent credit profile. Actual LTV subject to lender policy.

Typical LAP Eligibility

Eligibility depends on property, income, age, and credit history. These are general guidelines.

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Property Type & TitleResidential, commercial, industrial, or non-agricultural land with clear marketable title and no legal disputes.
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Age: 21 to 70 YearsSalaried or self-employed individuals. Maximum age at loan maturity typically 65–70 years.
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Income StabilityMinimum annual income varies by city and loan amount — typically ₹3L+ for salaried, ₹5L+ for self-employed.
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CIBIL Score: 650+ (preferred 700+)Higher scores unlock better rates and higher LTV. Below 650 may still be considered with strong income or co-applicant.
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Property DocumentsClear chain of ownership, approved building plan, tax receipts, and no encumbrance certificate.
📋 Detailed Eligibility Guide →

📈 CIBIL Score Impact

How your credit score influences LAP terms

750–900
Best rate · Max LTV
720–749
Good · High LTV
680–719
Moderate · Std LTV
650–679
Higher rate · Lower LTV
Below 650
May be declined or high rate

How LAP process works

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Share Property & Income Details

Tell us about your property type, location, and income profile

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Property Valuation & Legal Check

Lender conducts technical, legal, and valuation assessment

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Submit Documents

KYC, income proof, property papers, and other required docs

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Sanction & Disbursal

Loan sanctioned, agreement registered, funds transferred

Typical LAP document checklist

Requirements vary by lender and property type. Confirm with our team for a customised list.

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PAN + AadhaarIdentity and address proof of applicant
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Passport / Voter ID / Driving LicenseAdditional photo ID proof
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Co-applicant DocumentsIf adding co-owner or family member as co-applicant
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Passport-size Photographs2–3 copies of all applicants
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Current Address ProofUtility bill, rent agreement, or bank statement
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Loan Application FormDuly filled and signed
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Title Deed / Sale DeedOriginal chain of ownership documents
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Encumbrance Certificate (EC)For last 12–30 years as required by lender
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Property Tax ReceiptsLatest paid receipts
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Approved Building PlanFor constructed properties
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Occupancy Certificate (OC)If applicable for apartments
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No Objection Certificate (NOC)From society / builder if required
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ITR (Last 3 Years)Income Tax Returns with computation
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Bank Statements (12 months)Savings/current account statements
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Salary Slips (Last 3 months)For salaried applicants
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Profit & Loss / Balance SheetFor self-employed / business owners
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GST ReturnsFor business entities
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Audited FinancialsFor companies and partnership firms
ℹ️ Property legal and valuation reports are typically arranged by the lender. Our team can help you prepare the complete dossier. Upload documents →

Estimate your LAP repayment

Model monthly instalments, total interest, and overall outflow based on loan amount, rate, and tenure.

🎚️ Adjust to your needs

₹10,00,000₹5,00,00,000
7.5%18%
12 months180 months
Apply for this Loan →

Monthly EMI

₹1,23,891
Principal Amount₹1,00,00,000
Total Interest₹48,66,920
Total Payable₹1,48,66,920
Tenure120 Months
Apply Now for Best Rate →
* Indicative only. Final rate depends on property valuation, LTV, and lender approval.

🧮 EMI Formula

Standard EMI Formula
EMI=
P × R × (1+R)N
(1+R)N − 1
P
Principal (Loan Amount)Total amount borrowed
R
Monthly Interest RateAnnual rate ÷ 12 ÷ 100
N
Tenure in MonthsTotal number of EMI payments
📐 Live Calculation
P = ₹1,00,00,000
R = 8.5 ÷ 12 ÷ 100 = 0.007083
N = 120 months
EMI = ₹1,23,891 / month

Top LAP offers from leading lenders

Rates and terms vary. We compare across banks and NBFCs to find the best fit for your property and profile.

LenderInterest RateMax LTVMax AmountMax TenureProcessing FeeBest For
South India LoansFrom 8.5%70%₹5Cr180 months0.5%–1%Best Overall
SBI8.75% – 10.5%70%₹5Cr180 months0.35%Lowest Fee
HDFC Bank8.7% – 11%65%₹3.5Cr180 monthsUp to 1%Quick Disbursal
ICICI Bank8.9% – 11.5%65%₹5Cr180 monthsUp to 1%High Value
Bajaj Finserv9.5% – 14%65%₹3.5Cr168 monthsUp to 2%Self-employed
Piramal Finance9.25% – 13%60%₹5Cr180 monthsUp to 1.5%Commercial Property

ℹ️ Rates and terms are indicative. Final offer depends on property valuation, legal clearances, income, and credit profile. South India Loans helps you compare and apply across multiple lenders.

Common queries about Loan Against Property

What is the maximum loan amount I can get against my property?
The loan amount depends on the property's market value and the lender's LTV (Loan-to-Value) ratio. Typically, you can get 50% to 70% of the property's value. For residential properties, up to 70% LTV is common; for commercial or industrial, it may be 55–60%. The exact amount also factors in your income, repayment capacity, and credit score.
Can I get a Loan Against Property if my property is already under a home loan?
Yes, it's possible but more complex. If you have an existing home loan on the property, the outstanding loan balance is deducted from the eligible LTV amount. Some lenders offer a "top-up" loan against the same property. The combined loan amount cannot exceed the permitted LTV. We can help identify lenders who offer such products.
What types of property are accepted for LAP?
Most lenders accept self-occupied or rented residential houses/flats, commercial properties (shops, offices, showrooms), industrial properties (factories, warehouses), and non-agricultural land in approved layouts. The property must have clear title, no legal disputes, and all necessary approvals (building plan, occupancy certificate, etc.). Agricultural land is generally not accepted.
Is a co-applicant mandatory for LAP?
If the property has multiple owners, all owners must be co-applicants. Even for singly owned property, adding a co-applicant (spouse or family member with income) can help improve eligibility, especially if your individual income is insufficient for the desired loan amount. Some lenders may not mandate a co-applicant if income and CIBIL are strong.
How long does the LAP approval and disbursal take?
The process involves property valuation, legal verification, and income assessment. Typically, from application to disbursal takes 7–14 working days if all documents are in order. Delays may occur if property title issues arise or if multiple owners are involved. Using our assisted service can streamline the process by pre-qualifying lenders that match your property profile.
Can I prepay or foreclose a Loan Against Property?
Yes, most lenders allow prepayment and foreclosure, usually after a lock-in period of 6–12 months. Some banks may charge a prepayment penalty (typically 2–4% of the outstanding amount) for floating rate loans, though RBI rules have eliminated penalties for individual borrowers under certain conditions. Fixed-rate loans may still have penalties. Check with the specific lender.

Ready to unlock your property's value?

Get expert assistance in choosing the right lender, understanding LTV, and completing the legal and valuation process smoothly.

📞 Talk to our Team❓ Read FAQs
📞 💬
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