Wondering what might be the total cost of availing a loan against property? Find out about the different fees and charges you need to bear apart from the EMIs.

1. Understanding Loan against Property
Interest Rates and Charges

2. Different Types of Interest Rates

3. Fixed Rate of Interest
Throughout the repayment tenure, the EMI remains unchanged.

4. Floating Rate of Interest
• It changes as per market conditions.
• Interest rates are directly proportional to RBI's benchmark rate.

5. Charges Associated With LAP

6. Processing Charge
• One-time cost for loan processing.
• It covers administrative cost, carrying cost, etc.

7. Legal Fee
It is charged for the verification of property-related papers.

8. Foreclosure Fee
It is charged when a borrower prepays the debt.

9. Part-Prepayment Fee
It is charged when a borrower makes a bulk payment towards
the EMI.

10. Penalty Fee
The lender imposes this late fee on delayed EMI payments.

11. Bouncing Charge
It is charged when your cheque gets bounced due to
insufficient funds.

12. Rescheduling Fee
Extending the repayment tenure attracts loan rescheduling
charges.

13. Conclusion
Go through LAP interest rates and fees carefully, so you can
make your EMI payments comfortably and punctually.

14. Thank You !
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