Mortgage Loan
Provider
Mortgage Loan
Interest rate
Processing fee
Loan Amount (Rs)
Maximum
tenure (years)

Kvs bank

10.70%

Rs 5,000-50,000

Up to 50% of the property’s value (Maximum
Rs 10 crore)

7

SBI

9.95%-11.55%

1% of the loan amount (Maximum Rs 50,000)

10 lakh-7.0 crore

15

Syndicate Bank

11.60%

0.5% of loan amount (Minimum Rs 500)

Up to 50% of the property’s realisable value

10

Pnb Housing

10.85%-12.85%

1% of loan amount

10 lakh-5 crore

12

Kotak Mahindra Bank

9.90%-10.65%

Up to 2% of loan amount

10 lakh-5 crore

15

ICICI Bank

10.20%-11.95%

1% of loan amount

10 lakh-5 crore

15

Axis Bank

11.35%-11.85%

1% of loan amount (Minimum Rs 10,000)

5 lakh-5 crore

20

Fullerton india

11.90%-18.15%

1.5% of loan amount (Minimum Rs 3,000)

Up to 5 crore

15

HDFC Ltd.

10.65%-12.40%

Up to 1.5% of Loan amount

Upto 60% of the property’s market value
(existing customers); Up to 50% for new ones

15

IIFL

12.50%-22.00%

Up to 3% of loan amount

Up to 10 crore
(Up to 65% of property’s market value)

15

Adhar Housing

11.30%-18.30%

1% of loan amount

Rs 5 lakh onwards

15

Vastu Housing

11.00% onwards

Up to 4% of loan amount

Up to 75% of property’s
current market value

20

LAP POSTER-min
LAP POSTER-min
LAP Interest Rate Calculator

LAP 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 residancial property. The rate of interest for the loan is depends on the customer’s profile, which covers company name, salary, cibil history, etc.

Below mentioned are the top leading lenders providing LAP at lowest interest rates, features and benefits:

SBI Mortgage Loan Interest Rates

Any individual employee / professional & self-employed and other can apply for Loan Against Property with State Bank of India. Loan should be liquidated before the age of 70 yrs of the borrower.

Loan against property Interest rate: 9.50% onwards

  • Loan Amount: Min Rs. 10 Lakhs
  • Loan Amount Max: Rs. 10 Cr (depends on property location and valuetion)
  • Min salary requirement: Rs. 25000/- per month/3 years itr with financial min turnover 35 lacs
  • Processing Fee: Upto 1.5% of loan amount+ taxes, maximum Rs. 50,000 + taxes

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, Meghalaya, 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
HDFC bank LAP Interest Rates 

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

Loan against property Interest rate: 9.50% onwards 

Marginal Cost Lending Rate (MCLR): 9.50%

Charges
Loan Against Property / Loan
for Commercial Property
Loan Against Rent Receivables
Dropline Overdraft Against
Property / Commercial OD against Property

Rack Interest Rate Range

MCLR + 1.20%
to
MCLR + 2.10%

MCLR + 1.20%
to
MCLR + 2.10%

MCLR + 1.70%
to
MCLR + 2.60%

9.60% to 10.50%

9.60% to 10.50%

10.10% to 11.00%

 

Bank IRR

APR

Min.

Max.

Avg.

Min.

Max.

Avg.

8.50%

11.80%

9.50%

8.50%

11.86%

9.54%

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

ICICI Mortage Loan

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.

Loan against property Interest rate: 11.25% onwards

  • Loan Amount: Min: Rs. 10 lakhs
  • Loan Amount: Max: Rs. 25crores
  • Maximum Tenure: 15 years
  • Pre-closure charges: Upto  4.5% of loan amount
Axis Bank Loan Against Property

Axis Bank offers loan against property wherein you can put your commercial or residential property as collateral.

Loan against property Interest rate: 11.30%
onwards

  • Loan Amount: Min: 5 lakhs
  • Loan Amount: Max: 12 crores
  • Maximum Tenure: 20 years
TATA Capital LAP

TATA Capital is considered as one of the leading lenders of loan against property which can be used for personal use and are offered at attractive interest rate.

Loan against property Interest rate: 10.50%
onwards

  • Loan Amount: Min: 1lakh
  • Loan Amount: Max: 3crores
  • Maximum Tenure: 15years
  • Pre-closure Fee: Up to 2%of loan amount

Loan against property has always been a handy option for people who own residential or commercial property. Getting loan becomes easy as collateral is provided and further is considered as less risky for lenders to sanction loan to applicants.

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