What are the interest rates for a loan against property?

Loan against property (LAP) rates have typically ranged from about 8% to 15% a year, depending on the lender, loan amount, tenure, property type and your credit profile. Rates change often, so always check current rates directly with lenders.

What affects your rate

1. Credit score — a CIBIL score of 750+ usually gets better rates.
2. Loan amount and tenure.
3. Type and value of property — residential usually gets better rates than commercial or industrial.
4. Income and stability — steady income and good records help.
5. Lender type — banks are usually cheaper than NBFCs; private lenders price by risk.

Compare several lenders and negotiate based on your profile.