Get Rs. 35 lakh loan against property

• A loan against property allows you to borrow funds by pledging your residential or commercial property as collateral.
• You retain ownership and can continue using the property while repaying the loan through convenient monthly EMIs.
• The loan amount can be used for business expansion, education, medical expenses, home renovation, or debt consolidation.

• Loan approval depends on factors such as the property's market value, your income, credit profile, and repayment capacity.

  
  
  

A loan against property is a secured loan option where individuals mortgage their residential or commercial property to get funds from a lender. The loan amount is determined based on factors such as the property value, applicant’s income, credit score, and repayment capacity. The borrower retains ownership and possession of the property during the loan tenure. The lender holds the property as security until the loan amount is fully repaid. Once the repayment is completed, the property documents are released as per the lender’s process. A loan against property can be used for various financial needs, including business growth, higher education, medical expenses, property-related costs, and debt management.
 

Your loan amount, interest rate, and EMI depend on your specific profile. Enter your mobile number to instantly see what you qualify for — no branch visit needed.

To qualify for a Rs. 35 lakh loan against property, you generally need to meet the following eligibility criteria:

• Nationality: You must be an Indian citizen residing in India with property in a city we operate in.
• Age: Minimum age: 21 years* (18 years for non-financial property owners)
• Maximum age: 85 years (including non-financial property owners)
• *Age of the individual applicant/ co-applicant at the time of loan maturity.
• *Higher age of co-applicant may be considered up to 95 years basis 2nd generation (legal heir) meeting age norms and to be taken as co-applicant on loan structure.
• The CIBIL Score is an important indicator of your creditworthiness. To get a loan against property, it is preferable to maintain a CIBIL Score of 650 or higher.
• Occupation: Salaried, self-employed professionals like doctors, and self-employed non-professionals are eligible to apply.

• Proof of identity/ residence - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
• If your current address is not the same as the OVD document provided, please share any of the listed DOVD documents. Click here to view the documents.
• Proof of income
• Property-related documents
• Proof of business (for self-employed applicants), and
• Account statements for the last 6 months

A Rs. 35 lakh loan against property can be used for various financial requirements, including:

• Business expansion: Invest in infrastructure, equipment, inventory, or working capital
• Higher education: Finance tuition fees and living expenses for studies in India or abroad
• Medical emergencies: Cover hospitalisation, surgeries, or other healthcare expenses
• Home renovation: Upgrade or repair your residential or commercial property
• Debt consolidation: Combine multiple high-interest loans into a single manageable EMI

The EMI depends on several factors, including the applicable interest rate and loan tenure. Choosing a longer repayment tenure can reduce your monthly EMI, although it may increase the total interest payable over the loan period.
For an accurate estimate, borrowers can use a Loan Against Property EMI Calculator by entering the loan amount, interest rate, and repayment tenure.
 

Here is the step-by-step guide to applying for a loan against property

1. Click on “CHECK ELIGIBILITY” button on a loan against property page.

2. Enter your 10-digit mobile number and OTP.

3. Fill in the application form with your Personal Details, Business/Employment/Professional details, Property details and proceed.

4. Enter your loan amount that you need, choose from our three loan variants- Flexi Term (Dropline) Loan, Flexi hybrid term loan, and Term loan.

5. Choose the repayment tenure - You can select tenure option of 12 months to 180 months and click on proceed.

Our representative will guide you on the next steps.

A  loan against property is suitable for borrowers who require substantial funding without liquidating their long-term assets. Since your property secures the loan, it generally offers lower interest rates than unsecured borrowing options, making it an affordable financing solution for significant financial needs.

With competitive interest rates, flexible repayment tenures of up to 15 years, quick loan processing, and the ability to continue using your property throughout the loan tenure, a loan against property provides a practical way to achieve your personal and business financial goals while retaining ownership of your asset.