Introduction
If you’re planning to leverage your property for financial needs, Loan Against Property (LAP) continues to be one of the most cost-effective secured loan options in India. As of October 2025, several leading banks and NBFCs have revised their LAP interest rates, making it easier for both salaried and self-employed individuals to access funds at lower costs.
Whether it's for business expansion, medical expenses, education funding, or debt consolidation, understanding the latest mortgage loan interest rates is crucial before applying.
Latest Loan Against Property Interest Rates – October 2025
| Bank / NBFC | Salaried Interest Rate | Self-Employed Interest Rate | Max Tenure |
|---|---|---|---|
| SBI | 9.20% – 10.05% | 9.50% – 10.30% | Up to 15 years |
| HDFC Bank | 9.50% – 10.50% | 9.80% – 10.70% | Up to 20 years |
| ICICI Bank | 9.65% – 10.75% | 9.90% – 11.00% | Up to 15 years |
| Axis Bank | 9.70% – 10.60% | 10.00% – 11.25% | Up to 20 years |
| Bajaj Finance | 10.10% – 12.00% | 10.25% – 12.50% | Up to 18 years |
Why Loan Against Property is a Smart Borrowing Option
Lower Interest Rates compared to personal loans or business loans
High Loan Amount – up to 70-80% of property value
Flexible Repayment Tenure – up to 20 years
No End-Use Restrictions – funds can be used for any legal purpose
Eligibility Criteria for Loan Against Property
Age: 25 to 65 years
Ownership: Property must be self-owned (residential or commercial)
Income Stability: Salaried or self-employed with consistent income
CIBIL Score: 700+ preferred
Documents Required
Identity & Address Proof
Income Proof (ITR / Bank Statements)
Property Documents (Title Deed, Tax Receipt, NOC if applicable)
(FAQs)
1. What is the minimum interest rate for Loan Against Property in October 2025?
Currently, the lowest LAP rate starts from 9.20%, offered by SBI for salaried borrowers.
2. Can I get a loan against a rented property?
Yes, most banks allow mortgage loans on rented or self-occupied properties, subject to valuation.
3. What is better – Fixed or Floating LAP Rate?
Floating rates are generally more cost-effective in the long run, especially when rates are expected to fall.
4. Does Vizzve Finance help in transferring an existing LAP to a lower rate?
Yes, Vizzve Finance offers refinancing support to help shift your high-interest loan to a more affordable option.
Published on : 13th October
Published by : Deepa R
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