What Are the Interest Rates for Online Loan Against Property?

The interest rates for an online loan against property (LAP) typically range between 8% to 15% per annum, depending on various factors such as the lender, loan amount, tenure, property type, and the borrower’s credit profile.

Factors Affecting Interest Rates on Loan Against Property

• Credit Score – A higher CIBIL score (750+) can help you secure lower interest rates.
• Loan Amount & Tenure – Shorter tenures may have slightly higher rates, while longer ones can offer lower EMIs.
• Type & Value of Property – Residential properties usually get better rates than commercial or industrial ones.
• Income & Financial Stability – A stable income source with strong financial records improves loan terms.
• Lender Policies – Different banks and NBFCs have varying interest rate structures and offers.

Current Online LAP Interest Rate Trends

• Banks: 8.5% – 12% p.a.
• NBFCs: 10% – 15% p.a.
• Private Lenders: May offer customized rates based on risk assessment.

To secure the best loan against property interest rate online, compare lenders, maintain a good credit score, and negotiate better terms based on your financial profile.