Loan Against Property Credit Policy & Eligibility Rules
LAP eligibility, LTV limits, FOIR and documentation requirements for loan against property.
How lenders evaluate applications
Loan against property (LAP) is secured by residential or commercial property. Lenders cap LTV and assess repayment capacity via FOIR and income.
Eligibility depends on property valuation, age of property, and borrower income and credit history.
Eligibility at a glance
| Parameter | Typical Requirement |
|---|---|
| Minimum Income | Varies; often ₹25,000+/month |
| Minimum CIBIL Score | Typically 650+ |
| FOIR limit | Usually 50–65% |
| Maximum loan tenure | Up to 15–20 years |
| Employment type | Salaried or self-employed |
Policy rules
Common LAP underwriting parameters.
LTV
Often 50–70% of property value depending on lender and property type.
FOIR
Total EMI to net income ratio; typical cap 50–65%.
Income requirements
Stable income with proof; self-employed need ITR and financials.
Credit score rules
CIBIL/Experian used for approval and pricing.
Example eligibility scenario
Sample borrower
Example inputs
- Property value: ₹1 Cr
- Loan required: ₹50L
- Income: ₹1.5L/month
Result
LTV 50% – within typical range
LTV 50% is within common LAP limits. Final eligibility depends on FOIR and credit score.
Check Loan Eligibility with AI
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