Loan Against Property

These loans are provided to salaried, self-employed professionals and self-employed non-professionals and range between 200,000 to 10,000,000 and are secured against the property (residential and/ or commercial) offered as collateral. The repayment tenure for such loans is between 36 months and 120 months and are offered at an interest rate between 11% to 17% per annum. Bank has also introduced new variants under LAP product during the first quarter of Fiscal 2023. These variants are Utkarsh Elite & LAP BT Multiplier for existing borrowers. Maximum loan amount under these variants is 10,000,000.