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Loan Against Property
A loan against property is a kind of secured loan that allows individuals to avail loan by pledging their residential or commercial property as a security or a collateral. These secured loans are also known as mortgage loans. Loan against property interest rate begins at 7.00% onwards per annum. You can avail a loan of up to Rs.25 crore with a flexible repayment ranging from 1 year to 15 years.
Loan against Property Details
Interest Rate 7.00% p.a. onwards
Loan Amount Up to Rs.25 crore
Loan Tenure Ranging from 1 year to 15 years
Processing Fee 1% - 3% of the loan amount + GST
Compare best Loan Against property Interest Rates & loan amount
Bank Name Interest Rate (p.a) Loan Amount
State Bank of India 8.45% -10.00% Up to 8 Crore
HDFC Bank 7.25% - 9.50% Up to Rs.25 Crore
Axis Bank 7.50% - 8.35% Up to Rs.15 Crore
Bank of Baroda 8.00% - 10.15% Up to 10 Crore
Bank of India 8.35% - 10.00% Up to 25 Crore
ICICI Bank 8.50% - 10.50% Up to 25 Crore
IDFC First Bank 7.50% - 9.25% Up to 25 Crore
Indian Bank 8.80% - 9.50% Up to 25 Crore
IndusInd Bank 9.00% - 10.50% Up to 10 Crore
Kotak Mahindra Bank 7.25% - 9.15% Up to Rs.25 Crore
Standard Chartered Bank 7.50% - 9.25% Up to Rs.15 Crore
Yes Bank 8.00% - 11.00%n Up to Rs.10 Crore
Tata Capital 10.00% - 11.50% Up to Rs.3 Crore
IIFL 11.50% - 13.00% Up to Rs.10 Crore
How to apply for Loan Against Property?
- The applicant is required to visit the official website of the financial lender and apply for the loan application online.
- Start the application by filling in basic details such as name, email address, mobile number and requirements.
- Shortly, a dedicated representative will get in touch with you to explain about product features and specifications.
- If your profile meets the required eligibility criteria, your application will be forwarded further.
- Thereafter, the lender will conduct a document verification followed by property valuation.
- If all goes well, you will shortly receive a sanction letter either hardcopy or softcopy.
- Then, the loan amount will be credited to your mentioned bank account.