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What minimum interest rate for a Mortgage Loan can I get?

You can get a mortgage loan at minimum interest rates starting from 9.05% onwards

What is the minimum CIBIL score required to get a Mortgage Loan?

To get a Mortgage Loan, you need a minimum CIBIL score around 700. For more specific details please visit respective bank web pages.

What is the ideal Mortgage Loan tenure?

The maximum tenure that you can obtain for a Mortgage Loan is 15 years. For more specific details please visit respective bank webpages.

What documents are required for Mortgage Loan?

Broadly 3 types of documents are required:
Borrowers KYC documents, Financial documents (Eg: Tax returns), Property related documents (Sales deed & Chain agreement)

How many days does it take for a Mortgage Loan to get sanctioned?

To secure a Mortgage Loan sanction it can take about 8 to 15 working days. To get more specific information please visit respective bank webpages.

Loan Against Property · LAP

Need Funds Urgently?
Switch to Loan Against Property
Before You Sell Anything

Compare loan against property interest rates from 40+ banks & NBFCs in one place. Find the right deal based on your income, property value, and goals.

8.5%*Starting Rate
40+Banks & NBFCs
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72 hrsFast Disbursal
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Compare & select best products from 40+ Banks & NBFCs

* Onwards

ROI: 9.50% onwards

PF: 0.50%

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ROI: 9.25% onwards

PF: 1%

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ROI: 10.60% onwards

PF: 1%

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ROI: 9.50% onwards

PF: 0.75%

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ROI: 9.50% onwards

PF: 1%

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ROI: 9.50% onwards

PF: 1 %

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ROI: 8.45% onwards

PF: 1%

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ROI: 10.10% onwards

PF: 1%

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ROI: 9.75% *

PF: 1%

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ROI: 9.55% onwards

PF: 0.50%

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ROI: 9.25% onwards

PF: 1.25%

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ROI: 8.75% onwards

PF: 1%

Get Quote Apply

ROI: 8.50% onwards

PF: 1.25%

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ROI: 8.85% onwards

PF: 1%

Get Quote Apply

ROI: 9.50% onwards

PF: 1%

Get Quote Apply

ROI: 9.50% onwards

PF: 1%

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ROI: 9.50% onwards

PF: 2%

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Why It Makes Sense

Why a Mortgage Loan Works Better Than You Think

Whenever a major expense arises, most people consider two options: forgo savings or sell assets. But there’s a smarter way out.

A mortgage loan (LAP) lets you turn your property into funds without selling it. You continue to own it, use it, and still receive a significant amount whenever needed — which is why so many borrowers prefer lending against property.

Funds from a LAP can be used for business growth, education, medical emergencies, or debt consolidation — all without restrictions. And compared to unsecured loans, the cost of borrowing is significantly lower.

At a Glance

8.50% – 18%

Interest rates in India (2026), depending on your profile, lender, and property type. Higher CIBIL score = better rate.

Secured by property · Higher amounts · Longer tenure · Lower EMIs
Interest Rates

Get Better Loan Against Property Interest Rate Options That Fit You

Many borrowers confuse a mortgage loan with other loan types and assume the interest rate is fixed. In reality, LAP interest rates are not fixed — they depend heavily on your profile, the lender, and market conditions.

Even a 0.1% difference in interest rate can save you a significant amount over the entire loan tenure. Always compare before you apply.
8.5%
Lowest Rate*
18%
Upper Range
700+
CIBIL Preferred
65–85%
LTV Ratio

Your exact rate is shaped by four key factors:

📊

Credit / CIBIL Score

Higher score = lower rate. 750+ gives you the best terms.

💼

Income & Stability

Salaried or self-employed — consistent income matters.

🏠

Property Type & Location

Residential, commercial, or industrial — each is evaluated differently.

💰

Loan Amount & Tenure

Higher amounts or longer tenure may influence the offered rate.

Key Advantages

Why Loan Against Property Is Better Than Most Loan Options

Let’s look at what makes LAP a smarter financial decision than most alternatives:

📉
8.25% – 18%

Lower Interest Rates

Because it’s secured, lenders offer far lower rates vs. unsecured loans (11%–24%) or private finance (2–3% per month).

🏦
Up to 65–70%

Higher Loan Amounts

Borrow up to 65–70% of your property’s market value — a much larger amount than any personal loan.

📅
Up to 15 Years

Longer Repayment Tenure

Lower EMIs, less pressure, more breathing room — better than any unsecured loan option available.

🔄
Overdraft Option

Flexible Overdraft Facility

Withdraw funds as needed and pay interest only on the used amount — better liquidity and control.

Eligibility

Are You Eligible to Apply for a Loan Against Property?

Eligibility depends on your repayment capacity, financial obligations, and the market value of your property. Most people qualify — here’s a breakdown:

  • Residential Status: Resident Indian (RI), NRI, PIO, or OCI. NRIs/PIOs face slightly stricter documentation and higher rates.
  • Age Limit: Generally 21 to 65 years. Some banks allow up to 75 years at loan maturity for professionals and businesspersons.
  • Income: Stable income is essential — both salaried and self-employed individuals are eligible.
Expert Guidance

Why Lending Against Property Needs the Right Guidance

Getting a loan is easy — getting the right loan type, amount, and after-loan structure is what truly matters. Many borrowers lose money by not comparing lenders, accepting high rates, or missing better structures. That’s where Loan Bazaar helps:

🔍

Compare 40+ Lenders

All in one place, so you never miss a better deal hiding with another bank or NBFC.

🎯

Tailored Structure

We match loan offers to your profile — not a generic one-size-fits-all recommendation.

🛡️

Avoid Costly Mistakes

Expert guidance to help you sidestep the traps that cost most borrowers over the loan tenure.

⚡

Faster Processing

We move your application faster with better documentation clarity and lender coordination.

Application Process

Apply for a Mortgage Loan Online in Simple Steps

The process is straightforward when you know what to expect:

1

Apply Online

Provide your personal information and complete the initial home mortgage application form online.

2

Document Verification

Submit basic income documents — salary slips, tax returns, bank statements — along with property papers.

3

Property Valuation

Lenders evaluate your profile and assess your property to determine its actual market value.

4

Loan Approval

Once all details are verified, you receive a loan offer with terms, interest rate, and fees for finalisation.

5

Disbursal

Funds are credited to your account — often within days. Some lenders disburse within 72 hours of sanction.

FAQs

Loan Against Property — Frequently Asked Questions

A Loan Against Property (LAP) is a secured loan where you use your home, shop, or factory as collateral to get funds. Because it is secured, LAP usually has lower interest rates than unsecured loans. The amount you can borrow depends on your property’s value, your income, repayment capacity, and credit score.
You continue to own and use your property, but the lender keeps it as security until you repay the loan. You pay back through monthly EMIs covering principal and interest. Once repaid, the lender returns your property documents.
In 2026, LAP interest rates in India are typically between 8.50% and 18% per year. Your exact rate depends on your credit score, income stability, loan amount, property type, and the lender’s rules. A higher credit score often leads to a better rate.
Most lenders let you borrow 50% to 75% of your property’s market value (the LTV ratio). The final amount also depends on your income, repayment ability, property location, and overall financial profile.
Typically, you need: age 21–65 years, stable income, minimum credit score of 700+, clear and legally verified property documents, and a consistent repayment history. Meeting these improves your chances of better loan terms.
For a mortgage loan, you must provide:
  1. Identity Proof: Passport, Aadhaar Card, Voter ID
  2. Address Proof: Utility bills, rental agreements, bank statements
  3. Income Proof: Salary slips, bank statements, income tax returns
  4. Property Documents: Title deed, property tax receipts, sale agreement
  5. Photographs: Passport-sized photographs of the borrower
  6. Credit Score: A recent credit report may be required
Lenders usually accept residential properties (self-occupied or rented), commercial properties (shops, offices), and industrial properties in selected cases. Most banks do not accept vacant land or properties with legal disputes.
LAP tenure usually ranges from 5 to 15 years. A longer tenure reduces monthly EMI but increases the total interest paid over the loan period.
Yes — LAP offers end-use flexibility. Common uses include business expansion, debt consolidation, higher education, medical emergencies, and personal needs. Lenders generally do not allow use for speculative activities like stock market investments.
A loan-to-value (LTV) ratio represents the proportion of a property’s value that a lender is prepared to finance. It’s a key factor in determining eligibility. Typically, lenders offer 60%–80% of the property’s appraised value.
Yes. Floating rate loans often have zero prepayment charges, while fixed rate loans may carry 2%–4% charges. Always confirm with your lender before making early repayments.
It depends on how you use the funds. For business purposes, interest can be claimed as a business expense. For rental property, deduction is allowed under income from house property. Typically, no tax benefits apply if used for personal reasons.
Yes. You can transfer your existing LAP to another lender for lower interest rates, better repayment terms, or an additional top-up loan — helping reduce the total cost of your loan.
Yes, the majority of lenders permit a co-applicant on a mortgage loan. This is especially beneficial when the co-applicant’s income and credit profile can strengthen the loan application. A co-applicant can be a spouse, parent, or close relative.

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5/5

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Jayesh Shah

5/5

Hi, The new feature on Loan Bazaar Website, providing the facility to view the Home Loan Amortization Schedule is really wonderful. This will actually reduce paper wastage, telephone calls to be made and the waiting time for receiving the revert from Banker. It is quite an innovative move. Keep it up! Happy Diwali to one and all!

Shivam Sharma

5/5

Was struggling to get loan for my home from last 3 months, suddenly one day I found Loan Bazaar on google who is one of the most well known DSA for home loan. They offered me doorstep service and with the limited paper work, they santioned my loan within 7 days. Thanks to Loan Bazaar.

Aruna Kate

5/5

I work for an MNC financial services company in the customer service department and I must say that Loan Bazaar has one of the most user friendly website and EMI Calculator. Well done! In an endeavour to automate, My first visit to the website has been a pleasurable one!

Yash Sharma

5/5

Loan Bazaar Team’s commitment shown on the job are enthusing. I had opted for a switch over on HL recently and been able to get best possible attention and faster clearance over my request. Kudos Loan Bazaar…

Babu Patil

5/5

A very helpful and a very patient team . My special thanks to Mr.Jitendra Sharma and Ms.Kanchan for their support . Dont worry about loan just contact this team they have solution for all .Once again thank you all

Dr.Abhijeet Kumar

5/5

I recommended their services to a friend of mine, and the services given were excellent. Very professional team, with polite and helpful approach. Highly recommended

Jayesh Shah

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