Loan Against Property Interest Rates

Loan against property can help you cope up with your emergency fund requirement or when required to repay some on-going loan amount. It is a secured loan which means it is offered only when you keep freehold residential property with the bank as security. Personal loan interest rate is allocated according to the customer's salary, the amount being borrowed, and other criteria

LAP interest rate

Different banks offer different loan against property interest rates. It majorly depends on the property amount and your CIBIL score that speaks about your repayment capacity. Your monthly income is also considered for the property loan.

Loan against property interest rate calculator

Loan against property interest rate calculator helps you get the approximation of the loan amount you are eligible for and the interest rate at which you can borrow the loan against your commercial or personal property. The rate of interest for the loan is based on the customer's profile, which covers company name, salary, credit history, etc.

LAP interest rates SBI

Any individual employee / professional & self-employed and other can apply for Loan Against Property with State Bank of India. The applicant should not be more than 60 years of age.

Loan Amount

Min: Rs. 25000/-

Max: 60% of market value of property subject to EMI/NMI not exceeding 50% with a ceiling :

  • For Tier I and Tier II Cities (list annexed-I) : Max: Rs 2.00 Cr
  • Rest of India: Max : Rs 1.00 Cr
  • Max Rs: 50 lacs for the State of Orissa, West Bengal, Mehgalaya, Mizoram, Arunachal Pradesh, Assam, Tripura, Manipur and Nagaland but excluding those cities which are covered under Tier I and II cities given in Annexure – I

And, margin is 40% of the market value of property

Type of facility

Rate of Interest*

Demand Loan

2.50% above Base Rate Floating, currently 12.50% p.a.

LAP interest rates HDFC bank

HDFC offers higher Loan amount with Lower EMI for personal or professional use. It provides flexible repayment – Option to choose between Dropline Overdraft Facility or EMI based loan. And, it has specially designed programs for the Self Employed.

Charges

Loan Against Property / Loan for Commercial Property

Loan Against Rent Receivables

Dropline Overdraft Against Property / Commercial OD against Property

Rack Interest Rate Range

Base rate + 2% 
to 
Base rate + 3.5%

Base rate + 2% 
to 
Base rate + 3.5%

Base rate + 2.75% 
to 
Base rate + 4%

11.35% to 12.85%

11.35% to 12.85%

12.10% to 13.35%

 

Bank IRR

APR

Min

Max

Avg

Min

Max

Avg

9.70%

13.50%

11.25%

9.70%

13.50%

11.71%

 

There are other charges also associated with the same such as prepayment, late payment, bounce cheque, stamp duty etc.

Loan against property interest rate ICICI

 

ICICI Loan against property safeguards your personal and business dreams. It comes with attractive interest rates and faster processing. The tenure is up to 15 years and can be availed against commercial / residential property availed for Starting a new business, long term working capital, funding children's higher education or repaying your high interest debts.

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