₹10 Crore Loan Against Property (LAP): Valuation & Sanctions
Structured commercial, industrial, and residential property mortgage debt for enterprise liquidity, factory expansion, and high-cost credit consolidation.
A ₹10 Crore Loan Against Property (LAP) requires pledged commercial, industrial, or residential real estate with an approved market valuation of ₹14 Crore to ₹18 Crore (55%–70% LTV). Interest rates range from 9.25% to 10.75% with repayment tenures up to 15 years. Monthly EMI at 9.50% over a 10-year tenor is approximately ₹12.94 Lakh. Sanction turnaround is 14 to 21 working days.
₹10 Crore LAP: LTV & Valuation by Property Type
| Collateral Category | Standard LTV Band | Required Property Valuation | Interest Rate Corridor |
|---|---|---|---|
| Commercial Office / Retail (Approved) | 60% – 70% LTV | ₹14.30 Cr – ₹16.65 Cr | 9.25% – 10.25% |
| Industrial Shed / Factory Land | 50% – 60% LTV | ₹16.65 Cr – ₹20.00 Cr | 9.75% – 10.75% |
| Residential Bungalow / Prime Apartment | 65% – 75% LTV | ₹13.35 Cr – ₹15.40 Cr | 9.15% – 9.85% |
Frequently Asked Questions: ₹10 Crore LAP
Can multiple properties be combined to raise ₹10 Crore LAP?
Yes. Cross-collateralization allows promoters to pool commercial offices, industrial sheds, and residential assets under a single pari-passu or exclusive charge to achieve the aggregate ₹15–18 Crore valuation required for a ₹10 Crore facility.
What is the difference between LAP and Lease Rental Discounting (LRD)?
LAP is underwritten on overall business cash flows and repayment capacity, with the property serving as security. LRD (Lease Rental Discounting) is structured specifically around the future rental cash flows of long-term leased corporate tenants routed through an escrow mechanism.