Loan Against Property
Quick, digital & hassle-free
Purpose: Your data is collected exclusively to check your loan eligibility and securely connect you with your chosen lending partner. We process this information strictly in accordance with RBI guidelines to facilitate your application. We do not sell your data, and it is used exclusively to facilitate your loan application.
10K
CustomersActive users
70+
BanksPartner banks
170
BranchesNationwide
A Loan Against Property, or LAP, is a secured loan. It helps you to find the value of your residential or commercial property by keeping it as collateral. This loan can be used for different needs such as business expansion, education, or personal needs.
My Mudra provides loans from the best banks at the lowest interest rate starting from 8.5% R.O.I. Use your property's potential to fulfill your needs. Get a loan against property at lower interest rates.
As LAP is a secured loan, the interest rates are lower than unsecured loans like personal loans. For example, instead of paying high interest on a personal loan for a wedding, you can save significantly by opting for a LAP.
My Mudra has made it easy to apply for loans against property in India. Now you can follow the given steps to apply for a loan against property online:
Different banks provide loans against property at varied rates of interest. Here are a few of the top banks that provide these loans at affordable rates:
| Banks/NBFCs | Rate of Interest |
|---|---|
HDFC Bank | 8% p.a. to 8.95% p.a. |
A Loan Against Property EMI Calculator is an online user-friendly tool created to assist borrowers in managing their finances effectively. This calculator helps you instantly calculate affordable EMIs for your loan against property.
Based on these inputs, the calculator generates an accurate estimate of your monthly EMI. It is highly useful for financial planning since it allows the assessment of affordability and structures repayments without straining your budget.
With the Loan Against Property EMI Calculator, you can now make decisions, ensuring timely repayment and managing your property-backed loan properly.
Directly assisting you in all major cities with instant loan against property tailored for your growth.
Join 50,000+ happy customers served across India
Purpose: Your data is collected exclusively to check your loan eligibility and securely connect you with your chosen lending partner. We process this information strictly in accordance with RBI guidelines to facilitate your application. We do not sell your data, and it is used exclusively to facilitate your loan application.
You can avail high loan amounts, depending on the value of your property, allowing you to meet financial needs such as business expansion, education, or debt consolidation. Use a LAP to fund your child's overseas education or to set up a new factory for your growing business.
Pay for a major surgery, invest in a new venture, or renovate your home using the same loan. Whether it's for personal needs, business growth, medical expenses, or education, there are no restrictions to its use.
In some cases, especially when used for business or property-related investments, LAP can provide tax benefits under certain sections of Income Tax. You can claim deductions if the loan is utilized for constructing another property or financing business expansion.
You can apply for a loan against property online, making the process fast and convenient with less paperwork. For example: Complete your loan application from home in minutes without the hassle of repeated bank visits.
Go to the official website of My Mudra and apply now for a loan against property.
Fill in your basic details to proceed further.
Get your number verified through OTP.
Once your number is verified, our executive will give you a call and brief you on the process.
You can avail your loan against property with instant disbursal.
Axis Bank | 7.90% p.a. to 9.30% p.a. |
IDFC Bank | 7.5% p.a. onwards |
Tata capital | 10.10% p.a. onwards |
Credit Score
A minimum credit score of 750 or above is required.
Salary
Based on the City, the monthly salary should not be less than ₹22000 for NBFCs and ₹30000 for the banks.
Documents required for Loan Against Property
The documents that are necessary for the identification of the applicant, his place of residence, income, and repayment capabilities are the following: