Contact Us

Loan Against Property Offers

Select Bank

Sections

Apply

Overview

A Loan Against Property (LAP) allows you to unlock the value of your residential or commercial property to meet large financial needs.
With TheLowInterest.com, you can compare offers from top lenders and secure funds at lower interest rates with longer repayment tenures.

Why Choose Us

  1. Compare LAP offers from top banks & NBFCs
  2. Lower interest rates than unsecured loans
  3. Higher loan amounts based on property value
  4. 100% online application & tracking
  5. Personalised assistance from loan experts
  6. Transparent process with no hidden charges

Features And Benefits Of Loan Against Property

bank

High Loan Amounts

Get a loan worth up to 65% of the market value of the property. Our high loan amounts also come with longer repayment tenures, all at attractive interest rates.

bank

Loan Against Rent Receivables (LARR)

Get up to 50% of the value of your commercial property as loan against rental receivables
The amount depends on net rentals, the balance of the tenure of rental agreement and other factors

bank

Fulfil Your Every Need

Both residential and commercial properties* are accepted as collateral, and the money from the HDFC Bank Loan Against Property can be used for a variety of personal or business needs.


*Conditions Apply

bank

Easy Repayment Options

With competitive interest rates, you can easily repay your loan in low EMIs, or choose our Dropline Overdraft Facility.

Loan Eligibility

  • Salaried Individuals
  • Self Employed

Loan Documents

  • A copy of any of the following as proof of residence:
  • Ration Card
  • Telephone Bill
  • Electricity Bill
  • Voter's ID Card
  • A copy of any of the following as proof of identity:
  • Voter's ID Card
  • Employer's Card
  • Latest Bank Statement/Passbook from where you can show a salary/income being credited for the previous 6 months
  • Salary slip for the previous 6 months showing all deductions Form 16 for the previous 2 years
  • Copies of all the property documents of the concerned property to be pledged for the loan

How To Apply

1
Check Your Eligibility

You must be between 21 and 65 years of age. You should have a stable source of income (salaried or self-employed). You must own a residential or commercial property that can be mortgaged. A good credit score (preferably 700 or above) increases your approval chances.

2

Compare Loan Offers:

Research and compare mortgage loan offers from leading banks and NBFCs. Consider factors like:

Interest rates

Loan tenure

Processing fees

Loan-to-value (LTV) ratio

Prepayment and foreclosure terms

3

Prepare Required Documents:

Keep the necessary documents ready, including:

Identity and address proof (Aadhaar, PAN, Passport)
Income proof (salary slips, bank statements, ITRs)
Property documents (ownership papers, title deed, NOC, etc.)
Business proof (for self-employed applicants)

FAQ's

A Loan Against Property is a secured loan where you mortgage your residential, commercial, or industrial property to avail funds from a bank or financial institution. The funds can be used for personal, business, or educational purposes.

Most lenders offer up to 60% to 75% of the current market value of the property, depending on the type and location of the property, your income, and credit history.

Interest rates typically range between 8.5% to 13.5% per annum, varying by lender, borrower profile, and loan tenure.

Repayment tenure ranges from 5 years to 20 years, depending on the lender and your repayment capacity.

For individuals with floating-rate LAP, most banks/NBFCs do not charge prepayment/foreclosure fees. For fixed-rate LAP or non-individual borrowers, fees may apply.

Loan Offers

Select Bank

bank AU Small

Loan Up To

Rs.5000000

Min ROI

10.50%

Max Tenure

90 MNTH
Apply Now Details
Boat banner