About Loan Against Property?
A loan against property (LAP) is exactly what the name implies -- a loan given or disbursed against the mortgage of property. The loan is given as a certain percentage of the property's market value, usually around 40 per cent to 60 per cent.Loan against property belongs to the secured loan category where the borrower gives a guarantee by using his property as security.
- Documents Required
- Intrest Rates
- EMI Cal
» Address Proof.    » Income Proof of the applicant & co-applicant.    » Last 6 months bank A/C statement.    » Passport size photograph of the applicant & co-applicant.
|Loan Against Property Loan Rate of Interest|
|Banks||Interest Rate||Banks||Interest Rate|
|ICICI Bank||12%||HDFC Bank||12.75% to 13.5%|
|State Bank Of India||-||Fullerton India||15.5%|
|AXIS Bank||13.25% to 13.50%||Kotak Bank||12.5% to 13%|
|Bank of Baroda||11.75%||Corporation Bank||-|
|ING Vysya||12% to 13%||Andhra Bank||-|