Compare LAP interest rates, LTV ratios, and processing fees from India's top banks. Updated for 2026.
Lowest LAP rate in the market starting at 8.70%. High LTV ratio of up to 65% for residential properties. Zero prepayment charges on floating rate loans.
Quick processing with approval in 5–7 working days. Accepts both residential and commercial properties. Digital documentation and doorstep service.
Competitive rates with one of the lowest processing fees. Higher LTV ratio for salaried government employees. Flexible repayment options.
Sorted by interest rate (lowest first). Eligibility based on ₹50,000 monthly income.
| Bank | Interest Rate | Min Income | Min CIBIL | Eligible (₹50K) | Processing Fee | |
|---|---|---|---|---|---|---|
| SBI | 8.70 - 10.90% | ₹30,000/mo | 675 | ₹20.79 L | 0.50% of loan amount + GST | Check Eligibility → |
| Canara Bank | 8.95 - 12.00% | ₹30,000/mo | 675 | ₹20.57 L | 1% of loan amount + GST | Check Eligibility → |
| HDFC Bank | 9.00 - 11.50% | ₹30,000/mo | 700 | ₹19.74 L | 1% of loan amount | Check Eligibility → |
| PNB | 9.00 - 11.50% | ₹30,000/mo | 675 | ₹20.52 L | 0.75% of loan amount + GST | Check Eligibility → |
| Union Bank | 9.00 - 11.80% | ₹30,000/mo | 675 | ₹20.52 L | 0.50% of loan amount + GST | Check Eligibility → |
| IDBI Bank | 9.00 - 12.00% | ₹30,000/mo | 675 | ₹20.52 L | 0.50% of loan amount + GST | Check Eligibility → |
| IDFC First Bank | 9.00 - 14.00% | ₹30,000/mo | 700 | ₹19.74 L | Up to 3% of loan amount | Check Eligibility → |
| Bajaj Finserv | 9.00 - 16.00% | ₹30,000/mo | 675 | ₹21.71 L | Up to 3.50% of loan amount | Check Eligibility → |
| Kotak Mahindra Bank | 9.10 - 12.50% | ₹30,000/mo | 700 | ₹19.65 L | 1% of loan amount + GST | Check Eligibility → |
| Indian Bank | 9.10 - 11.60% | ₹30,000/mo | 675 | ₹20.44 L | 0.50% of loan amount + GST | Check Eligibility → |
| Bank of India | 9.10 - 12.60% | ₹30,000/mo | 675 | ₹20.44 L | 0.50% of loan amount + GST | Check Eligibility → |
| Bank of Baroda | 9.15 - 12.15% | ₹30,000/mo | 675 | ₹20.39 L | 0.50% of loan amount + GST | Check Eligibility → |
| ICICI Bank | 9.20 - 11.75% | ₹30,000/mo | 700 | ₹19.57 L | 1% of loan amount + GST | Check Eligibility → |
| Central Bank | 9.20 - 12.70% | ₹30,000/mo | 675 | ₹20.35 L | 0.50% of loan amount + GST | Check Eligibility → |
| Tata Capital | 9.25 - 14.00% | ₹30,000/mo | 675 | ₹21.48 L | Up to 1.50% of loan amount + GST | Check Eligibility → |
| Axis Bank | 9.50 - 14.95% | ₹30,000/mo | 700 | ₹19.32 L | 1% of loan amount | Check Eligibility → |
| IndusInd Bank | 9.50 - 14.00% | ₹30,000/mo | 700 | ₹19.32 L | 1% of loan amount + GST | Check Eligibility → |
| Yes Bank | 9.50 - 13.00% | ₹30,000/mo | 700 | ₹19.32 L | 1.50% of loan amount + GST | Check Eligibility → |
| Federal Bank | 9.50 - 13.50% | ₹30,000/mo | 700 | ₹19.32 L | 0.75% of loan amount + GST | Check Eligibility → |
| Karur Vysya Bank | 9.50 - 13.00% | ₹30,000/mo | 700 | ₹19.32 L | 1% of loan amount + GST | Check Eligibility → |
| HDFC Ltd | 9.50 - 13.00% | ₹30,000/mo | 675 | ₹21.25 L | 1.50% of loan amount + GST | Check Eligibility → |
| South Indian Bank | 9.75 - 13.00% | ₹30,000/mo | 700 | ₹19.12 L | 1% of loan amount + GST | Check Eligibility → |
| Bandhan Bank | 10.00 - 15.00% | ₹30,000/mo | 700 | ₹18.92 L | 1% of loan amount + GST | Check Eligibility → |
| LIC Housing | 10.00 - 12.50% | ₹30,000/mo | 675 | ₹20.81 L | 0.50% of loan amount + GST | Check Eligibility → |
| L&T Finance | 10.50 - 14.50% | ₹30,000/mo | 675 | ₹20.38 L | Up to 2% of loan amount + GST | Check Eligibility → |
| Piramal Finance | 11.00 - 16.00% | ₹30,000/mo | 675 | ₹19.96 L | Up to 3% | Check Eligibility → |
| Hero FinCorp | 11.00 - 15.00% | ₹30,000/mo | 675 | ₹19.96 L | Up to 2% + GST | Check Eligibility → |
Know your exact eligible loan amount based on your income, existing EMIs, and credit profile.
Open Eligibility Calculator →SBI offers the lowest LAP rate starting from 8.70% p.a. in 2026. Bank of Baroda (8.95%) and HDFC Bank (9.00%) are other competitive options. Rates depend on your credit profile and property type.
Most banks offer a Loan-to-Value ratio of 50–65% for residential properties and 40–55% for commercial properties. SBI and HDFC Bank typically offer higher LTV ratios for salaried applicants.
Yes, LAP offers significantly lower interest rates (8.70–12%) compared to personal loans (10.50–24%). LAP also allows much higher loan amounts and longer tenure (up to 15–20 years). However, your property is at risk if you default.
Key documents include property title deed, sale deed, encumbrance certificate, property valuation report, income proof (salary slips or ITR), bank statements, PAN card, Aadhaar card, and NOC from housing society if applicable.
LAP approval typically takes 7–15 working days. The process includes document verification, property valuation by a bank-approved assessor, legal verification of title, and credit assessment. HDFC Bank and SBI offer faster processing.