Loan Against Property
List of Banks and NBFCs Providing Loan Against Property (LAP) in India
27 Sep 2026
Looking for lenders that offer a loan against property? Below is a plain, non-ranked list of major banks and NBFCs in India with a current LAP product page, along with what differs between them and how to choose.
Please note: this is educational information, not a recommendation or ranking. Lenders are listed alphabetically. Product names, accepted property types, end-use rules, eligibility, loan-to-value (LTV), interest rates, fees and tenure vary by lender and borrower profile, and can change at any time. MoneyMax Fingrow is a loan advisory firm, not a lender; final approval and terms are decided by the lender.
Banks offering loan against property
| Lender | Type | What its LAP page describes |
|---|---|---|
| Axis Bank | Bank | Loan against residential and commercial property. |
| Bank of Baroda | Bank | Baroda Mortgage Loan — term loan and overdraft variants against immovable property. |
| HDFC Bank | Bank | Loan against residential and commercial property for personal and business needs. |
| ICICI Bank | Bank | LAP against residential, commercial or industrial property. |
| Kotak Mahindra Bank | Bank | Loan against property for personal and business needs. |
| State Bank of India | Bank | Separate schemes: a personal-banking LAP described as a personal-purpose loan, and SME/business LAP schemes. Check which one fits your end use. |
Other public, private and small finance banks also lend against property. For one bank's range explained in detail, see our Federal Bank LAP products guide.
NBFCs and housing finance companies offering LAP
| Lender | Type | What its LAP page describes |
|---|---|---|
| Axis Finance | NBFC / HFC | LAP against residential, commercial or industrial property, including a micro-LAP variant. |
| Bajaj Finance | NBFC / HFC | Loan against property offered through Bajaj Finserv. |
| Bajaj Housing Finance | NBFC / HFC | Housing finance company offering loan against property. |
| ICICI Home Finance | NBFC / HFC | LAP against residential or commercial property for business or personal purposes. |
| Kotak Mahindra Prime | NBFC / HFC | Loan against property for business and personal needs. |
| LIC Housing Finance | NBFC / HFC | Loan against property under its non-housing loans. |
| Tata Capital | NBFC / HFC | Loan against property for personal and business expenses. |
Links go to each lender's own product page, checked in September 2026. We have deliberately not listed rates: published rates change often and your offer depends on your profile. For how LAP pricing works, read our loan against property interest rates guide.
Not every LAP can be used for business
Some lenders run separate LAP schemes for personal and business purposes. For example, SBI's personal-banking LAP is described as a personal-purpose loan, while its SME schemes are built for businesses. Some lenders also exclude uses such as speculative activity. Always confirm the permitted end use of the exact product — using funds outside it can breach your loan terms.
Bank vs NBFC for loan against property
| Banks (typical) | NBFCs / HFCs (typical) | |
|---|---|---|
| Income assessment | Usually relies on ITRs, financials and bank statements | Some offer programmes that assess income from banking or business cash flow |
| Pricing | Often linked to an external benchmark or MCLR | Often priced off the lender's own reference rate |
| Property flexibility | May be stricter on title, approvals and property type | May consider a wider range of properties, depending on policy |
| Process | Can involve more documentation | Can be faster, depending on the case |
These are general patterns, not rules — individual lenders differ. Both banks and NBFCs are regulated by the RBI. If your income is mostly undocumented, our LAP without ITR guide explains surrogate income programmes.
How to choose a LAP lender: checklist
- Property type — residential, commercial, industrial or plot; self-occupied or rented.
- End use — business, personal or balance transfer; confirm the product allows it.
- Eligibility and income assessment — which documents the lender accepts.
- LTV — share of the assessed value the lender will fund; see our LTV guide.
- Rate type — floating or fixed, benchmark, spread and reset frequency.
- APR and Key Fact Statement — compare the total annual cost, not the headline rate.
- Charges — processing, legal, valuation, documentation and stamp duty.
- Tenure — and the EMI it produces; check it in the EMI Calculator.
- Foreclosure and part-prepayment terms.
- Overdraft or dropline option — useful if your need fluctuates.
- Sanction conditions — read them with our sanction letter checklist.
- Documentation — title chain, EC, approvals, KYC and financials.
For a deeper walk-through of these points, see how to select a loan against property. In Chennai, our Chennai LAP guide covers local documents such as patta and EC.
Frequently asked questions
Which banks give loan against property in India?
Many public and private sector banks offer LAP, including State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and Bank of Baroda. Product names, eligibility and terms differ, so check each bank's current product page.
Which NBFCs offer loan against property?
NBFCs and housing finance companies such as Bajaj Finance, Bajaj Housing Finance, Tata Capital, ICICI Home Finance, Axis Finance, Kotak Mahindra Prime and LIC Housing Finance advertise LAP products. Terms vary by lender and borrower profile.
Which is the best bank for loan against property?
There is no single best lender. The right fit depends on your property type, end use, income documents, required amount, tenure and total cost including fees. Compare offers using the Key Fact Statement and APR.
Can I use a loan against property for business?
Often, but not always. Some LAP schemes are meant for personal purposes while others are designed for business use. Confirm the permitted end use of the exact product before you apply.
Is MoneyMax a lender?
No. MoneyMax Fingrow is a loan advisory firm. Final approval, rates and terms are decided by the lender.
Compare lenders with an adviser
Get an indicative idea of the amount you may qualify for with the eligibility calculator, then book a consultation to discuss which lenders suit your property and end use. MoneyMax is an adviser, not a lender, and cannot guarantee approval.
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