Loan Against Property
& Mortgage Overdraft
Monetize your residential, commercial, or industrial property to raise capital up to ₹25+ Crore. Compare 10+ top scheduled banks and HFCs offering rates from 8.75% p.a., up to 75% LTV, 20-year flexible tenures, drop-line overdraft options, and zero prepayment penalties.
Repo / EBLR linked
High ticket funding
Of market valuation
Flexible EMIs & OD
Check Your LAP Eligibility
Compare Mortgage Rates Across Leading Indian Banks & Financial Institutions
Loan Against Property EMI & LTV Calculator
Calculate your monthly repayment obligation and check how much capital you can unlock based on your property valuation and monthly cash flow.
Compare Top Loan Against Property Rates, EMIs & LTV
Compare verified interest rate bands, starting monthly EMIs per lakh, maximum property valuation funding (LTV), and overdraft schemes across all 10 lenders.
| Bank / Institution | Interest Rate | EMI / Lakh (15Y) | EMI / Lakh (20Y) | Max LTV | Overdraft Scheme | Action |
|---|---|---|---|---|---|---|
 HDFC Bank Loan Against Property privateLowest Starting Rate | 8.95% 8.95% - 13.00% p.a. | ₹1011 / lakh / month | ₹896 / lakh / month | Up to 65% Up to ₹10 Crore (Customizable for high net-worth clients) | OD Facility HDFC Dropline Overdraft against Property | |
 IDFC FIRST Bank Loan Against Property privateHighest LTV (Up to 80%) | 9% 9.00% - 12.50% p.a. | ₹1014 / lakh / month | ₹900 / lakh / month | Up to 80% Up to ₹15 Crore (Custom limits for large business borrowers) | OD Facility IDFC FIRST Booster Overdraft Facility | |
 Tata Capital Loan Against Property nbfcMost Trusted NBFC | 9% 9.00% - 12.50% p.a. | ₹1014 / lakh / month | ₹900 / lakh / month | Up to 70% Up to ₹10 Crore (Min ₹5 Lakhs) | Term Loan Only | |
 Axis Bank Loan Against Property privateExtended 20-Year Tenure | 9.25% 9.25% - 10.95% p.a. | ₹1030 / lakh / month | ₹916 / lakh / month | Up to 70% Up to ₹5 Crore (Select branch approvals up to ₹10 Crore) | OD Facility Axis Bank Mortgage Overdraft Facility | |
 Kotak Mahindra Bank Loan Against Property privateHybrid Interest Options | 9.5% 9.50% - 11.50% p.a. | ₹1044 / lakh / month | ₹932 / lakh / month | Up to 60% Up to ₹5 Crore (₹10 Lakh minimum) | OD Facility Kotak LAP Overdraft Facility | |
 Bajaj Finserv Loan Against Property nbfcFlexi Interest-Only EMIs | 9.5% 9.50% - 14.25% p.a. | ₹1044 / lakh / month | ₹932 / lakh / month | Up to 75% Up to ₹15 Crore (Customizable high-value sanctions) | OD Facility Bajaj Finserv Flexi Hybrid Loan (Interest-only EMI initial period) |
How to Get a Loan Against Property
From initial digital pre-qualification to property valuation, legal clearance, and direct bank account disbursal in 5 to 7 working days.
Digital Application & Instant Pre-Sanction
Select your preferred lender from 10+ options. Fill out your property specs & income profile to receive an indicative sanction letter in 10 minutes.
Doorstep Property Technical Valuation
Bank-empanelled civil engineers perform an on-site physical visit to assess carpet area, structural stability, and prevailing circle & market rates.
30-Year Legal Title Search
Bank advocates review the chain of title deeds, verify non-encumbrance at the sub-registrar office, and issue the Legal Scrutiny Report (LSR).
Formal Sanction & MODT Execution
Receive your binding sanction letter outlining interest rates and overdraft limits. Sign the loan agreement and Memorandum of Deposit of Title Deeds.
Original Title Deed Deposit & Disbursal
Deposit original title deeds in the bank's secure fireproof vault. Funds are credited directly to your bank account via RTGS/NEFT.
Ready to Monetize Your Real Estate Equity?
Check your eligibility across SBI, HDFC, ICICI, Axis & Bajaj with zero upfront fees and doorstep legal assistance.
Accepted Property Types & Legal Valuation Norms
Learn what property categories Indian banks fund, their maximum permissible LTV ratios, and the mandatory legal documents required for an equitable mortgage.
Residential Property
The most widely accepted and highest-funded property collateral across Indian scheduled banks and HFCs.
Commercial Property
Ideal for business owners, doctors, lawyers, and retailers looking to monetize registered commercial real estate.
Industrial & Warehouse Units
Sanctioned by select private banks and NBFCs (Bajaj, ICICI, Axis, Tata Capital) for active MSME manufacturing units.
Mandatory Legal Title Verification Checklist
Bank empanelled advocates perform a rigorous search to verify the property is free of dispute, unauthorized construction, or tax arrears before disbursal.
Every prior registered sale deed, gift deed, or partition deed tracing original allotment to the current owner.
Government sub-registrar certification proving no prior mortgages, court attachments, or liens exist.
Town planning approval ensuring construction strictly complies with sanctioned FAR/FSI and building bylaws.
Revenue department municipal record reflecting current owner's legal registration for property tax billing.
Evidence of up-to-date municipal tax payments for the current and immediately preceding financial years.
For co-operative housing societies or apartment complexes, original share certificate and No-Dues clearance.
Properties Lenders Commonly Reject
Banks and housing finance institutions strictly prohibit lending against the following real estate assets:
- Agricultural / Farmland: RBI norms prohibit mortgage loans against un-converted agricultural lands.
- Unauthorized Construction: Floors built without municipal approval or deviating from sanctioned maps.
- Disputed Ancestral Property: Undivided co-owned properties where all legal heirs have not given written consent.
- Negative Area Zones: Properties located in notified flood plains, red-zoned environmental belts, or unauthorized colonies.
Loan Against Property vs Personal & Business Loans
Why mortgaging an existing property saves over 50% in interest outflows and cuts monthly EMI stress by more than half compared to unsecured borrowing.
| Key Parameters | Loan Against Property (LAP)Lowest Interest & Multi-Crore | Personal Loan | Home Loan Top-Up | Unsecured Business Loan |
|---|---|---|---|---|
| Interest Rate Range | 8.75% – 10.50% p.a. | 10.50% – 18.00% p.a. | 8.25% – 9.50% p.a. | 13.00% – 22.00% p.a. |
| Maximum Loan Amount | Up to ₹25+ Crore (75% LTV) | Up to ₹40 – ₹50 Lakhs | Up to ₹50 Lakhs – ₹1 Crore | Up to ₹50 Lakhs – ₹75 Lakhs |
| Maximum Loan Tenure | Up to 15 – 20 Years | Up to 5 – 7 Years | Capped to remaining HL tenure | Up to 3 – 5 Years |
| Monthly EMI Burden (₹50 Lakhs) | ₹45,518 / mo (15 yrs @ 9%) | ₹1,07,470 / mo (5 yrs @ 11%) | ₹43,500 / mo (15 yrs @ 8.5%) | ₹1,13,800 / mo (5 yrs @ 13.5%) |
| Collateral / Security | Residential / Commercial Property | None (100% Unsecured) | Existing Mortgaged Home | None (Unsecured) |
| End-Use Freedom | 100% Flexible (Business or Personal) | 100% Flexible | Renovation or Personal | Business Operations Only |
| Income Tax Benefits | Full deduction under Sec 37(1) for business | No tax deduction | Up to ₹2L under Sec 24(b) if used for repair | Interest deductible for business |
| Overdraft Facility (OD) | Yes (Available at top banks) | Rarely Available | Available at select banks | Overdraft with high interest |
Tax Benefits & Deductions on Loan Against Property
How business owners, professionals, and homeowners can legitimately write off LAP interest payments under Section 37(1) and Section 24(b).
Section 37(1): Business Expansion & Working Capital
When Loan Against Property funds are infused into commercial operations, manufacturing, raw material procurement, or technology acquisition:
- Full Revenue Expense: The entire annual interest paid on the mortgage loan is treated as a deductible business expense.
- Substantial Tax Savings: Reduces net taxable business profit, delivering 25% – 35% effective cash savings based on your tax slab.
- Processing Fee & Charges: Bank loan processing fees, valuation costs, and legal documentation fees can also be written off.
Section 24(b): Residential Renovation & Improvement
If a salaried or self-employed individual utilizes LAP proceeds for home extension, remodeling, or structural repair of a residential property:
- Self-Occupied House: Deduction up to ₹2,00,000 per financial year against taxable salary/income under the Old Tax Regime.
- Rented-Out Property: The entire actual interest incurred can be deducted against rental income receipts.
- Joint Co-Borrowers: If spouses co-own the property, both can claim individual deductions up to ₹2 Lakhs each (₹4 Lakhs total).
Important Difference: Section 80C Does NOT Apply to LAP Principal
Unlike a fresh purchase home loan where principal repayments qualify for up to ₹1.5 Lakh deduction under Section 80C, Loan Against Property principal is NOT tax-deductible under 80C. Only the interest portion qualifies under Section 37(1) or 24(b).
Loan Against Property Questions Answered
Clear, transparent answers on property valuation norms, legal title deeds, overdraft mechanisms, and foreclosure charges.
A Home Loan is strictly an 'end-use specific' loan taken exclusively to purchase, construct, or extend a residential property. The interest rates are marginally lower (7.15% - 8.5% p.a.), and funding can reach up to 90% of the property value.
A Loan Against Property (Mortgage Loan), in contrast, allows you to pledge an already owned, unencumbered residential or commercial property to raise cash for ANY legal requirement—such as business expansion, working capital, debt consolidation, medical emergencies, or overseas education.
LAP offers loan amounts up to ₹25+ Crores, tenures up to 20 years, and interest rates starting from 8.75% to 10.5% p.a.
RBI-Regulated Lenders Only
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