Loan Against Property in India – Best LAP Solutions
At Lunexa Solutions, we specialise in helping customers across India get the best Loan Against Property deals, simplified documentation, transparent processing, and personalised support.
A Loan Against Property (LAP) is one of the most trusted, flexible, and affordable financial solutions for individuals and businesses across India. Whether you want to expand your business, fund your child’s education, manage medical emergencies, or consolidate debts—your property can help you secure a high-value loan at a low interest rate.
Across India, lakhs of people prefer LAP because it offers higher loan amounts, longer tenure, and lower EMIs compared to unsecured loans like personal loans or business loans. Your owned residential or commercial property acts as collateral, allowing lenders to reduce their risk and offer attractive features.
If you’re looking for a hassle-free LAP experience, Lunexa Solutions ensures:
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Fast processing
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Minimal paperwork
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Lowest possible interest rates
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Flexible repayment
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All-India service coverage
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Dedicated loan advisors
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100% transparent guidance
Whether you are a salaried employee, a business owner, or a self-employed professional—Lunexa Solutions helps you unlock the value of your property and convert it into usable funds.
Eligibility Criteria
1. Age Requirement
Salaried: 21–60 years
Self-Employed: 25–70 years
2. Income Stability
You must show consistent income to ensure repayment capacity.
• Salaried individuals: salary slips + bank statements
• Self-employed: ITR + GST returns + business financials
3. Property Ownership
Property (residential or commercial) must be legally owned by the applicant or co-applicant.
4. Credit/CIBIL Score
Most lenders prefer CIBIL score above 700.
5. Employment Stability
• Salaried must have stable job history
• Business owners must show profitability track record
6. Property Conditions
Property must be:
• Fully constructed
• Legally clear
• Located in an approved area
Loan Against Property Interest Rates and Charges
Here are all the charges associated with taking a Loan Against Property from Lunexa Solutions.
Enclosed below are Bank Loan Against Property Interest Rates & Charges
Charges |
Loan Against Property (LAP) / Loan for Commercial Property (LCP) / Loan Against Rent Receivables (LARR) | Dropline Overdraft Against Property | |
| Rack Interest Rate Range | Policy Repo Rate* + 3.05% to 7.50%= 8.55% to 13.00% | ||
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*Policy Repo Rate- 5.50% |
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Above mentioned interest rate is applicable on Operating Limit. Interest rate of 18% p.a. will be levied on the amount utilized above |
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| Rack Fixed Interest Rate Range | 11.80% to 13.30%+ *Option In pursuant to the circular No. RBI/2023-24/55 DOR.MCS.REC.32/01.01.003/2023-24 in case of increasing interest rates of term loans and for borrowers with personal end use facility . Same can be availed of once in during the loan tenor. |
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| Charges for conversion of ROI from floating to fixed(who have availed EMI based floating rate Personal Loans) *Please refer the RBI circular No. DBR.No.BP.BC.99/08.13.100/2017-18 on “XBRL Returns – Harmonization of Banking Statistics” dated January 04, 2018.”. |
Upto Rs 3000 | NA | |
| Loan Processing Charges* | Maximum of 1% of loan amount (* Minimum PF of Rs.7500/-) | ||
| Pre-Payment /Part Payment Charges | |||
| Pre-Payment /Part Payment Charges | No prepayment charges shall be applicable for part prepayment once during a financial year only if the amount being prepaid does not exceed 25% of the principal amount outstanding at the time of such prepayment. 2.5% + Goods and Services Tax (GST) of principal outstanding being prepaid or at such rates as decided by the Bank if the amount being prepaid is more than said 25%. Charges shall be applicable on the amount in excess of said 25%. |
Not Applicable | |
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Nil Part Payment charges for floating rate term loan availed by Individual borrowers for End Use other than Business Purpose |
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| Nil Part Payment charges for floating rate term loans availed by Micro & Small Enterprises | |||
| Premature closure charges | |||
| Floating rate term loan availed by Individual borrowers for Business Purpose | 2.5 % of the Principal Outstanding | Maximum of 4% of the operating limit prevailing at the time of prepayment within 12 months of the date of disbursement. | |
| >60 months after the disbursement of the Loan – NIL Charges | Post 12 months maximum of 2% of the operating limit prevailing at the time of prepayment . | ||
| >60 months after the disbursement of the Loan – NIL Charges | |||
| Floating rate term loan availed by Individual borrowers for End Use other than Business Purpose | NIL | NIL | |
| Floating rate term loans availed by Micro & Small Enterprises | NIL | NIL | |
| Floating Rate term loans availed by Non Individual borrowers | Maximum of 2.5% of the Principal Outstanding. | Maximum of 4% of the operating limit prevailing at the time of prepayment within 12 months of the date of disbursement. | |
| >60 months after the disbursement of the Loan – NIL Charges | Post 12 months maximum of 2% of the operating limit prevailing at the time of prepayment . | ||
| Premature closure charges- Fixed rate loans | For the Facility with Fixed Interest Rate at the time of prepayment: 2.5 % of the Principal Outstanding, >60 months after the disbursement of the Loan/Facility – NIL Charges. No prepayment charges shall be applicable for part prepayment once during a financial year only if the amount being prepaid does not exceed 25% of the principal amount outstanding at the time of such prepayment. 2.5% + Goods and Services Tax (GST) of principal outstanding being prepaid or at such rates as decided by the Bank if the amount being prepaid is more than said 25%. Charges shall be applicable on the amount in excess of said 25%. Nil Prepayment charges on fixed rate loans if loan is booked under priority sector lending and Borrower(s) type is Small or Micro & Loan amount is less than or equal to ₹ 50 lacs. |
NA | |
| Stamp Duty & other statutory charges | As per applicable laws of the state | ||
| Payment Return Charges # | Rs 450/- | ||
| Amortization Schedule Charges* | Rs. 50/- per instance (*Customer can also download from website free of cost) |
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| Repayment mode change charges | Rs. 500/- | ||
| Legal/Repossession & Incidental charges | At actuals | ||
| Annual Maintenance Charge (AMC) for Features of Plus Current Account | Not Applicable |
Rs. 5000 P.A. Plus (Please refer the |
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| Commitment charges for overdraft accounts (*Minimum charges Rs 5000/-) | Not Applicable | If average quarterly utilization > 30% No commitment fee charges to be charged. If average quarterly utilization < 30% Charges upto 0.10% will be charged on the difference between the actual utilization and expected average utilization of 30%. Charges to be levied quarterly. | |
| Conversion charges for Change in Reference rate (BPLR/ Base rate/MCLR to Policy Repo Rate (for existing customers) | NIL | NIL | |
| Custody charges | Rs 1000/- per month for non-collection of collateral documents beyond 60 days, from date of closure of all loans/facilities linked to the collateral. | ||
| Revision in spread | 0.1% of Principal Outstanding OR Rs. 3000 whichever is higher Per proposal | ||
| Charges for Non Adherence of ESCROW Account of Sanction Terms | 2% charges per annum on principal outstanding for non compliance of agreed terms upto its fulfillment - (Charged on Quarterly basis) (Applicable in LARR cases only) | ||
| Charges for Non-Compliance of Sanction Terms | 2% charges p.a. + applicable taxes on principal outstanding for non-compliance of agreed terms up to its fulfillment, Subject to a Maximum of Rs 50000/-+taxes (Charged on monthly basis) | ||
| CERSAI Charges | Rs. 100 for each property | ||
| Property Swapping / Partial property Release* | 0.1% of the loan amount. | ||
| (*Min – Rs. 10,000/-. Max of Rs 25000/- per property) | |||
| Document Retrieval charges including issuance of List of Documents (LOD) |
Rs. 500/- per document set. (Post disbursement) | ||
Note:The above charges are exclusive of taxes and statutory levies as applicable from time to time. The above charges are the maximum charges applicable for each type of charge.
Rates offered to individual customers during the period July’25 to Sept’25
| Segment |
IRR |
APR |
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|---|---|---|---|---|---|---|
|
Min |
Max |
Avg |
Min |
Max |
Avg |
|
|
MORTGAGE |
7.75% |
11% |
8.67% |
7.82% |
13.24% |
8.91% |
# If you pay your EMI after the due date, interest will be charged on unpaid EMI for the number of days you are late. This interest is calculated at your loan’s contracted rate and will be added to your next EMI.
Example:
📅 EMI Due Date: 10th
💰 Payment Made On: 25th
⏳ Delay: 15 days
💸 Impact: Interest for these 15 days will be added to your next EMI.
Please pay on time to avoid this.
10% discount to Senior Citizen (main borrower) on all the above service charges
“Effective 31-Dec-23, in case of upward revision in interest rate, subsequent to change in external benchmark lending rate / repo rate, customers having floating rate loans funded for personal end-use will have an additional one-time option to convert to a Fixed Rate subject to our internal policies and checks. “
Bank reserves the right to enquire or ask the documentary proof of source of funds for closure request of loans.
The Bank reserves the right to vary any of the above charges from time to time with due intimation to the customer. Revised Charges will be communicated to the customer through Banks website and/or by any other acceptable mode of communication.
Lunexa Solutions is one of India's trusted financial consulting providers helping individuals and businesses secure LAP quickly and efficiently.
Fast Processing & Approval
Quick document checks and instant eligibility assessment.
Low Interest Rates
We compare options and bring the best rates available.
High Loan Amount
Maximum value based on accurate property evaluation.
Expert Advisory
Loan specialists help you choose the best plan.
No Hidden Charges
Honest, clear, up-front communication.
PAN-India Service
Helping customers across India access LAP easily.
Our Legacy in Numbers
24 Hrs
100+
50Cr+
You share the list of Property you'd like to pledge.
Lunexa Solutions compares multiple banks/NBFCs to bring:
Basic KYC and portfolio statements are submitted.
Your Property are pledged in favour of lender.
Once pledge is confirmed, loan is sanctioned.
Loan is credited into your bank account within hours.
You can repay through: Bullet payment EMI (if applicable) Overdraft cycle Prepayment anytime
Once loan is fully repaid, lender removes pledge immediately.
Why Choose Loan Against Property
A Loan Against Property offers several strong features that make it one of India's most preferred secured loan options.
High Loan Amount
Depending on the market value of your property, you can avail up to 60–75% of the property's value.
Lower Interest Rates
Interest rates are significantly lower than personal loans since LAP is a secured loan.
Long Repayment Tenure
Tenure can go up to 15–20 years, reducing EMI burden.
Flexible End-Use
Funds can be used for any legal purpose—business, education, travel, marriage, etc.
Continued Ownership
You retain ownership and use of the property while repaying the loan.
Easy Documentation
Basic KYC, income proof, and property documents are enough.
Stable Interest Rates
Lenders offer both fixed and floating rate options.
Frequently Asked Questions
Frequently Asked Questions
Benefits
1. Transparent Process
Every step is explained clearly.
2. Dedicated Relationship Manager
Personal support throughout the journey.
3. Quick Turnaround Time
From application to disbursal—just a few days.
4. Customised Loan Options
Choose floating or fixed interest.
5. High Property Value Consideration
We ensure accurate valuation for highest possible loan amount.
Eligibility
1. Age Requirement
Salaried: 21–60 years
Self-Employed: 25–70 years
2. Income Stability
You must show consistent income to ensure repayment capacity.
• Salaried individuals: salary slips + bank statements
• Self-employed: ITR + GST returns + business financials
3. Property Ownership
Property (residential or commercial) must be legally owned by the applicant or co-applicant.
4. Credit/CIBIL Score
Most lenders prefer CIBIL score above 700.
5. Employment Stability
• Salaried must have stable job history
• Business owners must show profitability track record
6. Property Conditions
Property must be:
• Fully constructed
• Legally clear
• Located in an approved area
Loan Details
KYC Documents:
• Aadhaar
• PAN
• Passport size photos
Income Proof:
• Salary slips
• ITR 2–3 years
• Bank statements
Property Documents:
• Sale deed
• Tax receipts
• Approved plans
Lunexa Solutions is a trusted financial consultancy firm offering personalised loan advisory and end-to-end support for Home Loans, Car Loans, Personal Loans, Business Loan, Loan against Securites, Loan against Properties and Credit Card L... Read More
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