Borrow against residential or commercial property
Loan against property, with the paperwork checked first
A loan against property (LAP) lets you borrow against a house, flat, shop or commercial building you already own, while you continue to use it. Because the loan is secured, rates are far lower than unsecured business or personal loans, and tenures can run up to 15 years.
LAP files most often stall at the legal stage — a missing link in the title chain, a leasehold issue or an unapproved colony. RateWise reviews your property documents at the start and routes the file to lenders whose legal policy accepts that property type.
- Indicative rate from
- 9.25%
- Typical amount
- ₹10 L – ₹25 Cr
- Tenure
- Up to 15 years
Rates are indicative and depend on your profile, lender policy and benchmark rates. Final terms are set by the lender.
Who this loan is for
- Business owners needing long-tenure funds at a secured rate
- Professionals expanding a clinic or practice
- Borrowers replacing expensive unsecured debt
Eligibility
- Property in your name or a co-applicant's name with a clear title
- Regular income to service the EMI — salaried, professional or business
- Loan typically up to 50–70% of the property's market value
- CIBIL score of 700+ preferred
Documents commonly required
- KYC of all applicants and property owners
- Income proof — ITR and financials or salary slips
- 12 months bank statements
- Complete property chain documents, approved map and latest tax receipts
What affects your interest rate
- Residential property usually gets a lower rate than commercial
- Loan-to-value — borrowing less against the property can improve pricing
- Income documentation and banking strength
- Property's legal status, location and marketability
How RateWise compares lenders
We check which lenders accept your property type — freehold, leasehold, GMADA, HSVP or Estate Office properties each have their own rules.
We compare rate, processing fee, valuation and legal charges, and the MOD registration cost.
We look at whether a dropline overdraft structure suits you better than a term loan.
How the application works
01
Share your profile
A short call or WhatsApp chat about income, existing EMIs and what you need. No documents at this stage.
02
Shortlist lenders
We match your profile to the lenders whose policy fits and apply only where approval is realistic.
03
Compare offers
Sanctions are compared on rate, processing fee, insurance, prepayment terms and tenure — not rate alone.
04
Valuation, legal and disbursal
We coordinate property valuation, legal checks and signing with the lender until the money is disbursed.
Common mistakes to avoid
- Applying before confirming the property's title chain is complete
- Comparing only the rate and ignoring legal, valuation and stamp duty costs
- Pledging a property with co-owners who are not part of the application
Estimate your EMI
₹30,00,000
8.50%
20 years
Monthly EMI
₹26,035
- Principal
- ₹30,00,000
- Total interest
- ₹32,48,327
- Total payable
- ₹62,48,327
Use this calculator to estimate your EMI. Actual EMI depends on the final sanctioned amount, interest rate and tenure offered by the lender.
Want to know what rate you may qualify for?
Check My RateLoan Against Property FAQs
Can I get a loan against property in Chandigarh?
Yes. Freehold properties are straightforward with most lenders. Leasehold or share-based properties need extra checks, which we flag at the start.
Home loan vs loan against property — which is cheaper?
A home loan is usually cheaper, but it can only be used to buy or build a home. LAP can be used for business or personal needs and is priced slightly higher.
Can I continue to live in or use the property?
Yes. The property is mortgaged to the lender but you keep using it as normal while you repay.