A Loan Against Property (LAP) is a secured loan where you pledge your property as collateral. It can be used for personal or business needs like expansion, education, or debt consolidation. Your property remains with you, but acts as security until the loan is repaid.

LAP offers high loan amounts at competitive interest rates, thanks to the secured nature of the loan. It also comes with flexible tenures and can be used for multiple financial purposes—ideal for asset-rich individuals and businesses.

You must be an Indian citizen aged 21 or above with a stable income—either salaried, self-employed, or a business owner. A minimum of 2–3 years of income continuity and clear ownership documents for the pledged property are required.

Residential, commercial, and industrial properties are generally eligible, as long as they have a clear legal title and are free from disputes or existing mortgages. For jointly owned properties, all co-owners must be co-applicants.

You can pledge self-owned residential homes, apartments, commercial offices, or industrial units—provided they are free of legal or financial encumbrances and have valid ownership documents.