Loan Against Property Interest Rates - Apply Online @7.25%*

Q: How to calculate the interest rate on Loan Against Property?

With the help of Kotak Mahindra Bank’s Loan Against Property EMI Calculator, you would be able to get a rough estimate of the amount you would be paying every month in return for your loan.The calculator will help you readjust your loan tenure and the principal amount by giving you a near-perfect answer on the actual installment. Here is a link to the calculator.

Q: How to get the best interest rate for Loan Against Property?

To get the best or the lowest mortgage loan interest rate for Loans against property, one should improve their credit score. You should retire any pending dues and clear off your debts at the earliest. Moreover, showing a successful work experience of over three years can help you secure a better interest rate. While there is no definitive answer to the lowest interest rate for a loan against property, you can expect loans with less than a 14% interest rate.

Loan Against Property Interest Rate

Are you looking for a Mortgage Loan?

If so, congratulations! You are a few clicks away from getting the right funds at nominal interest rates.

A loan against property (LAP), being a secured loan, attracts a much lower interest rate than an unsecured loan.

However, as with any financial tool, only looking at a mortgage loan from a perspective of what we have to pay would be inaccurate. Simply put, a LAP loan shouldn’t only offer you a reasonable interest rate but also a good value for your property, a flexible tenure for repayment, and minimal processing fees.

At Kotak Mahindra Bank, we don’t just offer a Loan Against Property; we also provide transparency with our platter of other loans.

Here is a list of all the charges that a borrower has to incur when they apply for a loan against property with us.

The interest rate payable on a loan against property depends on your occupation. For salaried borrowers, loan interest rate starts from 7.25% per annum. For self-employed borrowers, however, the interest rate on loan against property starts from 9.25% per annum and goes up to 11.50% per annum.

Factors affecting the interest rate for Loan Against Property (LAP)

1. What is Kotak’s interest rate for Loan Against Property?

Kotak Mahindra Bank offers term loans as well as overdrafts. The interest rate for a term loan against property starts at 7.25% whereas the rate for an overdraft will be

2. How can you check for the latest LAP Interest Rates?

You can always return to our website and find the recent numbers and updates.

Frequently Asked Questions

How to calculate the interest rate on Loan Against Property?

With the help of Kotak Mahindra Bank’s Loan Against Property EMI Calculator, you would be able to get a rough estimate of the amount you would be paying every month in return for your loan.

The calculator will help you readjust your loan tenure and the principal amount by giving you a near-perfect answer on the actual installment. Here is a link to the calculator.

How to get the best interest rate for Loan Against Property?

To get the best or the lowest mortgage loan interest rate for Loans against property, one should improve their credit score. You should retire any pending dues and clear off your debts at the earliest.

Moreover, showing a successful work experience of over three years can help you secure a better interest rate. While there is no definitive answer to the lowest interest rate for a loan against property, you can expect loans with less than a 14% interest rate.

What are the factors that affect Mortgage Loan Interest Rates?

Some factors a lender considers when they process your application are as follows:

The age and status of your property raised in collateral
The proposed principal amount
Your current likelihood to pay the loan back in time as reflected by the CIBIL score
Your age

What type of interest rate is available for Loan Against Property at Kotak?

At Kotak Mahindra Bank, we provide fixed and floating/adjustable options for the rate of interest. A floating rate is applied to the outstanding amount and changes with time.

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Loan Against Property Interest Rate

Loan Against Property Interest Rate

Factors affecting the interest rate for Loan Against Property (LAP)

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Frequently Asked Questions

How to calculate the interest rate on Loan Against Property?

How to get the best interest rate for Loan Against Property?

What are the factors that affect Mortgage Loan Interest Rates?

What type of interest rate is available for Loan Against Property at Kotak?

Loan Against Property Interest Rate

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