Loan Against Property (LAP) — Interest Rates & Eligibility 2026
CardKhoj Editorial Team 11 min read8 March 2026
Financial Disclaimer
Disclaimer: This information is for educational purposes only. Always consult a certified financial advisor before making any financial decision.
Unlock Your Property's Value
Loan Against Property (LAP) lets you borrow 50-70% of your property's market value at rates much lower than personal loans (8-12% vs 14-24%). It's ideal for business expansion, education funding, or debt consolidation.
LAP Comparison 2026
| Bank | Rate | Max LTV | Max Tenure | Processing Fee |
|---|---|---|---|---|
| SBI | 8.40% - 10.50% | 65% | 15 years | 0.50% |
| HDFC Bank | 8.75% - 11.00% | 60% | 15 years | 1.00% |
| Bajaj Finance | 9.00% - 14.00% | 70% | 18 years | Up to 3.5% |
| ICICI Bank | 8.65% - 10.75% | 65% | 15 years | 0.99% |
Key Points
✅ Property remains in your possession — you only pledge the title. ✅ Both residential and commercial property accepted. ✅ Tax benefit under Section 37(1) if used for business. ⚠️ Default can lead to property auction — borrow responsibly.