Both products use your property as collateral, but they serve different purposes. A [home loan](/home-loan) is specifically for purchasing or constructing a residential property, with interest rates starting around 8.25% and tenure up to 30 years.
A [Loan Against Property](/loan-against-property) (LAP) lets you borrow against an existing property you already own — residential or commercial — for any purpose: business expansion, education, medical expenses, or debt consolidation. LAP rates are slightly higher (9–12%) but offer higher loan amounts (up to 60–70% of property value). At Jupiter Finance, we help you evaluate which option suits your financial goals and connect you with the right lender from our panel of 11+ banks and NBFCs.