Loan Against Property Interest Rate
What is a Loan Against Property? A Loan Against Property (LAP) is a secured loan where you mortgage your residential, commercial, or industrial property to get funds. The property remains with you, and you can continue using it while repaying the loan. Banks and NBFCs approve the loan based on: Market value of the property Income and repayment capacity Credit history (CIBIL score) Ownership documents ✅ Loan Against Property Interest Rate 2025 The interest rate plays a vital role in LAP because: 🔹 A lower interest rate reduces your EMI 🔹 You save money on the total cost of the loan 🔹 Better interest rates are available when applying through a DSA like MYLOANWALA Current Loan Against Property Interest Rate Range (2025) Lender Type Interest Rate Range Processing Time Public Sector Banks 8.50% – 9.50% 7–15 days Private Banks 9.00% – 11.50% 4–7 days NBFCs 10.50% – 14.50% 2–5 days 💡 At MYLOANWALA, we compare rates from over 25+ financial institutions so that our clients don’t have to run from bank to bank.
Why Loan Against Property Interest Rates are Lower? Loan Against Property is a secured loan, meaning the bank has your property as security. Because the risk is lower, banks offer cheaper interest rates compared to personal or business loans. LAP vs. Personal Loan Interest Rate Comparison Loan Type Interest Rate Personal Loan (Unsecured) 12% – 24% Loan Against Property (Secured) 8.50% – 14.50% If your loan requirement is high and you want lower EMI, LAP is the best choice. Factors Affecting Loan Against Property Interest Rate CIBIL Score A CIBIL score of 700+ helps in getting the lowest interest rate. Property Type Residential properties usually get better rates than commercial ones. Income / Business Stability Higher income → Lower interest rates. Loan Amount & Tenure Higher loan amount and longer tenure may impact the rate. Bank / NBFC Policies Every financial institution has its own interest rate criteria. Benefits of Taking Loan Against Property Through MYLOANWALA Lowest interest rate guarantee End-to-end documentation support Multiple loan options in one place Loan from ₹10 lakh to ₹25 crore Quick approval & doorstep service We are located in Uttam Nagar, New Delhi and have 500+ happy clients.
