Loan against property can be applied individually or jointly with a co-applicant, if you are applying as Individuals. Private Limited Companies, Proprietorship, Partnership Firms, LLP, Limited Companies can also apply for LAP with key stake holders in the company coming on board as co-applicants.

  • The maximum repayment period of the loan against property can be 15 years from some banks, subject to certain conditions.
  • The tenure of loan can be affected by Property Type as well.

There is no upper cap on the amount that can be applied by the borrower for Loan against Property. However, the amount of loan that the borrower can avail will be dependent on the nature of property and the specific norms of the respective lender.

Various banks ascertain the loan amount based on the market value of the property and repayment capacity of the customer. Generally the maximum loan amount is subject to Loan to Value Ratios- varies from 45-90 % of the Market value of the Property. To avail the Highest amount of LAP, Just Click Here