A loan against property, often called LAP, is a secured borrowing arrangement in which you pledge a residential or commercial property you own as collateral to raise funds while continuing to own and use the property. The property stays mortgaged with the lender until the borrowing is fully repaid, and the money raised can generally be applied to a range of legitimate needs such as business expansion, funding education, meeting medical expenses, consolidating existing debt, or family events.
PNB Housing Finance, a housing finance company that traces its roots to 1988, offers a loan against property that accepts self-occupied or rented residential property as well as commercial property as security. Its version emphasises that you retain ownership and continued use of the pledged property throughout the tenure, and it allows the income of more than one borrower to be combined when assessing eligibility.
The company highlights doorstep assistance to help move applications forward, multiple repayment options, and support after disbursement, with funds released as a lump sum to the borrower's bank account once the property's technical appraisal and legal documentation are complete. Any insurance offered alongside the loan is voluntary and is not tied to loan approval. As with any secured loan, sanction, terms, and the amount extended depend on the lender's assessment of the applicant and the property and are not guaranteed or assured.
LAP is secured against property, so the rate is lower and the tenure longer than an unsecured personal loan — better when the need is large and long-term. The trade-off is a legal/valuation process and your property as collateral.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.