Loan Against Property — ₹20 Lakhs to ₹50 Crore
Unlock the value of your residential, commercial or industrial property. Long-tenor funding (up to 15 years) at competitive rates, for business expansion, debt consolidation, education or any large personal need.
About Loan Against Property (LAP)
Loan Against Property — also known as LAP or a mortgage loan — lets you borrow against the market value of property you already own, without selling it. Banks fund up to 60%–70% of the property's market value (Loan-to-Value), repayable over tenors as long as 15 years. Because the loan is secured by hard collateral, interest rates are significantly lower than unsecured personal or business loans — typically 9%–13% per annum. The property continues to belong to you and remains usable (you can live in it, rent it out, or run your business from it); only the title document sits with the bank until the loan is repaid. BankBrick places LAP proposals across Government Banks, MNC Banks, Private Banks and Housing Finance Companies — and structures balance transfers from existing high-rate loans for substantial EMI savings. Eligible property types: residential houses/flats, commercial offices/shops, industrial sheds, warehouses and rental-generating real estate.
Key Features
High LTV — Up to 70%
Banks fund up to 60% of commercial and 70% of residential property market value — the highest leverage available on any secured loan.
Long Tenor — Up to 15 Years
Stretch repayment up to 180 months. Lower EMIs free up monthly cash flow for business operations or personal goals.
Low Interest — From 9%
Secured by property, LAP carries far lower rates than unsecured business or personal loans. Significant interest savings over the loan life.
Balance Transfer + Top-Up
Move an existing high-rate LAP to a new bank at lower interest, with a top-up sanction on top. Net additional cash + EMI reduction.
End-Use Flexibility
Use the funds for business expansion, debt consolidation, education, medical, marriage, working capital — no restrictions (other than speculative use).
You Keep Using the Property
Continue to live in your home, rent it out, or operate your business from the commercial space. Only the title deed sits with the bank.
Why Choose BankBrick for Loan Against Property (LAP)?
- High loan amount — up to ₹50 Crore against a single property
- Lower interest than business or personal loans — secured = cheaper
- Long repayment — up to 15 years, easier EMI management
- Top-up + Balance Transfer — refinance + extract more equity in one transaction
- Property stays in your name and use — no possession transfer
- Multiple property types accepted — residential, commercial, industrial
Eligibility Criteria
| Borrower Type | Salaried individuals, Self-employed professionals, Business owners, Proprietorships, Partnerships, LLPs, Pvt Ltd |
|---|---|
| Age | 23 – 65 years (loan must mature before age 70) |
| Income | ₹40,000+ monthly (salaried) / ₹6 Lakhs+ annual (self-employed) |
| CIBIL Score | 700+ (some lenders accept 650+ with higher rate) |
| Property Type | Self-owned residential, commercial, industrial — clear title, no disputes |
| Property Age | Up to 50 years (residential) / 30 years (commercial). Newer the better. |
Required Documents
| PAN Card + Aadhaar of all applicants |
| Last 6 months salary slips / 2 years ITR (self-employed) |
| Last 12 months bank statements |
| Latest Form 16 / GST returns |
| Property title deed (Sale Deed / Lease Deed) |
| Property tax receipts (latest 3 years) |
| Approved building plan / occupancy certificate |
| Encumbrance certificate (EC) — latest 13 years |
| Existing loan sanction letter (for balance transfer) |
Common Questions,
Clear Answers
Have more questions? Our team is here to help. Reach us on WhatsApp or give us a call.
How much loan can I get against my property?
Banks typically fund 60%–70% of the market value of your property as assessed by their valuer. For example, a ₹2 Crore residential property could fetch a loan of ₹1.2 Crore to ₹1.4 Crore. Commercial properties usually get 50%–60% LTV due to higher market volatility. The exact amount depends on your income, repayment capacity (FOIR), CIBIL, and the property's legal/technical clearance.
What is the difference between Home Loan and Loan Against Property?
A Home Loan is used to BUY a property — the property is the very reason for the loan. LAP is taken AGAINST a property you already own — the property is collateral, but the funds can be used for any purpose (business, education, debt consolidation, etc.). LAP rates are usually 1–2% higher than Home Loan rates because the funds have wider permitted end-use.
Can I take a LAP against a property that already has a home loan on it?
Yes — this is called Balance Transfer with Top-Up. You move your existing home loan to a new bank that offers LAP terms. The new bank pays off the old loan and sanctions you additional funds on top, up to the eligible LTV. It's a single transaction that often reduces EMI and gives you extra liquidity.
Will I lose my property if I default?
Only after due process. The bank must issue a 60-day notice under SARFAESI Act, give you opportunity to repay or restructure, and only then auction the property. In practice, banks prefer restructuring (extending tenor, reducing EMI) over auction. Maintain communication with your bank if you face genuine hardship — most defaults are resolved before SARFAESI action.
Is rental income from the mortgaged property still mine?
Yes, entirely. The property continues to belong to you and any rental income is your income. Many borrowers use the rental cashflow to service the LAP EMI, making it a self-funding loan structure. The bank only takes the title deed as security — not the rental rights or possession.
How long does LAP processing take?
Typically 15–25 working days end-to-end. Breakdown: 3–5 days for document and credit appraisal, 5–7 days for legal scrutiny of property documents, 3–5 days for property valuation, 3–5 days for sanction and disbursement formalities. Properties with clean title, EC and approved plans move faster.
Unlock Your Property's Hidden Value
₹20 Lakhs to ₹50 Crore secured against your residential, commercial or industrial property — at the lowest rate, longest tenor, across 12+ banking partners.