Bank of Maharashtra LAP Highlights |
|
Interest Rate | 10.45% – 11.95% p.a. |
Loan Amount | Up to Rs 10 crore |
LTV Ratio | For loan amount up to Rs 1 crore: Up to 60% of property value
For loan amount above Rs 1 crore: Up to 50% of property value |
Tenure | Up to 10 years |
Processing Fee | 1% of loan amount |

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Table of Contents
Bank of Maharashtra LAP Interest Rates
Loan Against Property- Individual
CIBIL Score | Rate of Interest (p.a.) |
750 and above | 10.95% |
700-749 | 11.30% |
650-699 | 11.45% |
600-649 | 11.70% |
Below 600 | 11.95% |
-1 or 0 and 01 to 5 | 11.45% |
Lease Rental Discounting- For Landlords
Loan Type | Rate of Interest (p.a.) |
Lease Rental Discounting | 10.45% |

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Loan Against Property- For Individuals
Purpose: To cater the personal needs of the applicants
Loan Amount:
- Minimum Loan Amount- Rs 0.05 crore
- Maximum Loan Amount- Rs 5 crore for properties located at other centres
Rs 10 crore for properties located in metros
LTV Ratio:
Loan Amount | LTV |
Up to Rs 1 crore | Up to 60% |
Above Rs 1 crore | Up to 50% |
Tenure: Up to 10 years or 75 years of age, whichever is earlier

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Compare Interest Rates on Loan Against Property for Top Banks & HFCs
Name of the Lender | Interest Rate (% p.a.) |
State Bank of India | 10.60-11.30 |
Bank of Baroda | 10.85-16.50 |
PNB Housing Finance | 9.25-15.00 |
IDFC First Bank | 9.00-16.50 |
HDFC Bank Limited | 9.50-11.00 |
L&T Housing Finance | 9.50 onwards |
LIC Housing Finance | 9.50-11.55 |
Godrej Housing Finance | 9.75 onwards |
ICICI Bank | 10.85-12.50 |
Tata Capital | 10.10 onwards |
Bajaj Housing Finance | 8.50-18.00 |
Axis Bank | 10.50-10.95 |
Kotak Mahindra Bank | 9.15 onwards |

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Eligibility Criteria for Bank of Maharashtra LAP
- Permanent employees of Central/State Government, Public Sector Undertakings, individual businessman, professionals and self-employed individuals owning commercial property, residential property or buildings in their name
- Minimum Annual Income of the applicant should be Rs 5 lakh