Loan Against Property
Unlock the Value of Your Property for Big Financial Needs
Need funds for business expansion, higher education, weddings, or debt consolidation? A Loan Against Property (LAP) is a smart way to leverage the market value of your residential or commercial property to get high-value financing at competitive interest rates.
At CoverBee, we help you access LAP from top banks and NBFCs with flexible repayment options, minimal documentation, and fast disbursals.
What is a Loan Against Property?
A Loan Against Property is a secured loan where borrowers pledge their immovable property (residential, commercial, or industrial) as collateral. It allows you to unlock up to 75-90% of the property’s market value in the form of a loan while retaining ownership.
This loan can be used for personal or business purposes, excluding speculative activities.
Key Features of LAP with CoverBee
High Loan Amount
Avail loans up to ₹10 crore depending on your property’s value.Low Interest Rates
Starting from 8.90% p.a., much lower than personal loans.Flexible Tenure
Repay over a comfortable tenure of up to 15 years.Minimal Documentation
We streamline paperwork for quick approval and disbursal.Full Ownership Retained
Continue using your property even while it’s pledged as collateral.Balance Transfer Option
Switch your existing LAP to a better rate via CoverBee.
Why Choose CoverBee for Loan Against Property?
Wide Network of Lenders
We compare offers from 40+ financial institutions.
Expert Guidance
Our advisors help you choose the best deal based on your needs.
Faster Processing
From application to disbursal, we help reduce waiting time.
Transparent Process
No hidden charges or misleading terms only honest guidance.
Personalized Support
Get end-to-end assistance from a dedicated relationship manager.
Loan Against Property FAQs
Salaried individuals, self-employed professionals, and business owners with owned property (residential or commercial) can apply.
Both residential and commercial properties are eligible, provided they are owned and legally clear.
You can get up to 75-90% of the property’s market value depending on your income, credit score, and lender's policies.
No, co-owners can also jointly apply. All co-owners must be part of the loan agreement.
Interest rates usually range between 8.90% – 11.50%, depending on your credit profile and the lender.
In case of default, the lender has the legal right to seize and auction the pledged property after due notice.