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lap-overdraft Loan

Loan Against Property Overdraft Facility

Unlock funds up to ₹100 Crore against your property, at rates starting 7.75% p.a.

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About Loan Against Property Overdraft Facility

A Loan Against Property Overdraft Facility allows you to mortgage an eligible residential or commercial property and draw funds as required up to an approved limit. Unlike a regular term loan, the entire sanctioned amount may not be disbursed at once.

We are partnered with India's leading Banks and NBFCs to offer LAP up to ₹100 Crore, with interest rates starting from 7.75% p.a., matched to your property value and income.

You continue to own and use your property while it's mortgaged, and the funds can be used for any business or personal purpose — with disbursal within 10 to 15 days of verification of complete documentation.

Business Expansion

Unlock the value of your property to fund growth, new branches or working capital.

Debt Consolidation

Combine multiple high-interest loans into one lower-cost LAP EMI with tenure upto 20 years.

Child's Education

Fund higher education in India or abroad using your property as collateral.

Wedding Expenses

Access large-ticket funds for wedding expenses at a lower rate than a personal loan.

Medical Emergency

Get high-value funds quickly for planned or emergency medical treatment.

Commercial Property Purchase

LAP can be taken for purchase of a new commercial ready to move or under construction property.

Office or Home Renovation

LAP low cost funds can be used to renovate business infrastructure or a home.

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Features & Benefits

Everything that makes a PaisaEHub.com Loan Against Property a smart, low-cost funding option.

Rs

Loan up to ₹100 Cr

Borrow against your residential, commercial or industrial property up to ₹100 Crore.

Lower Interest Rates

Rates starting at 7.75% p.a. — lower than most unsecured loan options.

Long Tenure

Repay comfortably over a tenure of up to 20 years by few lenders. Most lenders give maximum tenure up to 15 years.

High LTV

Loan-to-value of up to 70% of the property's current market value.

Continue Using Property

You retain full ownership and use of your property while it's mortgaged.

Multi-Purpose Use

Use the funds for business, higher education, medical, wedding or any personal need.

LAP on all types of properties

A wide range of properties can be accepted as collateral e.g. leasehold, freehold, builder floor, authority flats, society flats, plots, kothi, lal dora, joda property etc.

Eligibility & Documents

Check if you qualify and what paperwork you'll need to keep ready.

Eligibility Criteria

Age24 to 70 years at loan maturity
EmploymentSalaried or self-employed with regular, provable income
Minimum Income₹50,000 per month (salaried); ITR, turnover or banking based for self-employed
Credit Score650 and above (CIBIL score)
PropertyRegistered & self owned property whether self occupied, vacant or rented
ResidencyIndian resident with property located in a serviceable city

Documents Required

  • ✓PAN Card & Aadhar Card
  • ✓Latest 3 months' salary slips (salaried)
  • ✓Last 12 months bank statement
  • ✓Latest 3 years ITR and financials (self employed or professionals)
  • ✓Property documents (title deed, allotment letter etc.)
  • ✓Passport size photograph
  • ✓Form 16 for last 2-3 years (salaried)

Interest Rate & Charges

Transparent pricing — no hidden costs, ever.

Interest Rate7.75% p.a. onwards
Loan Amount₹15 lacs – ₹100 cr.
TenureUp to 240 months (20 years)
Loan-to-Value (LTV)Up to 70% of residential property value, 65% of commercial property value and 60% of industrial property value
Processing FeeAbout 0.50% to 1.50% (as per lender policy)
Pre-payment ChargesNil if loan is prepaid from own funds (as per lender policy)

*Final interest rate and charges depend on the partner bank/NBFC, property valuation, applicant profile and credit score.

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Frequently Asked Questions

Answers to the most common questions about our Loan Against Property.

You can typically borrow up to 70% of your property's current market value, up to a maximum of ₹100 Crore, through PaisaEHub.com partner banks and NBFCs.
Yes, Loan Against Property is a multi-purpose loan — you can use it for business expansion, education, medical expenses, wedding, debt consolidation or any other personal or business need.
No. You continue to own and use your property as usual; it is only mortgaged as security with the lender until the loan is repaid.
Self-owned residential, industrial and commercial properties with a clear title are generally eligible, subject to the lender's location and valuation policies. Cases with GPA done by last seller are not doable.
For floating-rate LAP loans taken by borrowers, most lenders do not charge prepayment or foreclosure penalty. Similarly, if company or firm has Udyam certificate, generally foreclosure charges are not applied by lenders. But specific lender policy needs to be checked for it before taking LAP.
Salaried individuals, self employed individuals, professionals, companies and firms can avail loan against property or LAP-DOD.
Selecting loan tenure of your loan against property depends upon your current monthly income (including any rental income) and current monthly obligations of all EMIs and card outstanding. If your monthly income is very high in comparison to monthly obligations and you need less LAP loan amount than your max. eligibility, you should select a lower tenure of about 5 to 7 years for your loan against property to save interest. But, if you want maximum LAP loan amount as per your eligibility, you must select maximum tenure of 15 to 20 years.
Yes, loan against property can be given even against your rental income if rent is getting credited in your bank account and rent/lease deed has been made against rented property.