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" Unlock the value of your property with
a loan against it. "

Loan Against Property

What is a loan against property?

The bank allows you to avail a loan against your property (or your house), as this is a secured loan (Your house/property is the collateral).

The bank has a due diligence process (The bank appraises your house/property and assesses its value).You are sanctioned a loan up to 60-70% of the value of your property.

The bank charges you an interest of around 12-16% for a loan against property .This is much less than the interest rates charged for a personal loan. The tenure of the loan against property is around 10 years.

Why avail Loan Against Property?
Amount of Loan

Amount of Loan

This loan is secured against property and you can avail a higher amount of loan, than a personal loan.

Interest Rates

Interest Rates

Bank offers you competitive interest rates. Interest rates are much lower than a personal loan.

Unlocks Your Property

Unlocks Your Property

Property remains in your name. You can use the money to expand your business or even for a wedding.



Documentation is easy as property is in your name. Loan processing time is much faster than a home loan.

Eligibility criteria to avail a Loan Against Property

Your title of the property needs to be clear and marketable.
Your bank lends an amount equal to about 50-60% of the value of the pledged property.
If you are salaried, you need to have a minimum age of 21-24 years and your maximum age can be around 60 years at maturity of the loan .If you are self employed , your maximum age can be 65 years at maturity of the loan. You need to have a minimum work experience of 1-5 years if you are salaried, and you need to be in business for at least 2-5 years if you are self employed.
Past credit history plays a very important role in getting your loan against property sanctioned. The Cibil score plays a very important part and if your past credit history is poor, your loan is liable to get rejected.

Key factors to consider for Loan Against Property

What are the documents required to avail a loan against property?

You require to fill the loan application form with 2 passport-sized photographs.
You need an identity and address proof.
You need the last 6 months salary slips if you are salaried, and certificate and proof of business and income if you are a self employed professional or a businessman.
You need a form 16 if you are salaried, and the last 3 three years Income tax return and Profit and Loss and Balance Sheet if you are self employed.

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