A loan against property(LAP) is a secured loan that is sanctioned against the asset pledged as collateral. This asset can either be an owned land, a house, or any other commercial premises. The asset remains as collateral with the lender until the entire loan against property amount is repaid

Generally, LTV ranges between 60% -70%. Further, the maximum amount with a LAP that you can avail depends on your employment status. Self-employed can avail a Loan against property of up to ₹ 3.5 crore while the maximum loan limit for salaried is ₹ 1 crore.