Features and benefits of our loan against property

All you need to know about our Loan Against Property

Watch this video to know everything about our loan against property: Features and benefits, fees and charges, eligibility criteria, and more.

  • Loan of %$$LAP-max-loan-amount$$%

    Loan of Rs. 10.50 Crore*

    Manage your financial urgencies with a substantial loan amount of Rs. 10.50 Crore* sanctioned based on your mortgaged property.

  • Low interest rates

    Low interest rates

    Doctors can get a loan against property at an affordable interest rate starting from 9% to 14% (Floating rate of Interest) p.a.

  • Disbursal in 72 hours*

    Disbursal in 72 hours*

    Your loan amount will be credited to your bank account within 72 hours* of approval or even earlier in some cases.

  • Tenure of up to %$$HL-LAP-tenor$$%

    Tenure of up to 15 years*

    Our repayment tenure of up to 15 years* makes it convenient for you to manage the loan.

  • Multiple end-use options

    Multiple end-use options

    Use the loan amount to manage significant life events like weddings, higher education, or even pay for a medical emergency.

  • No foreclosure charges*

    No foreclosure charges*

    Self-employed doctors with a floating interest rate can make a part pre-payment or even close the entire loan without an additional fee or a penalty.

  • Externally benchmarked interest rates

    Externally benchmarked interest rates

    Link your loan to an external benchmark, such as the Repo Rate and benefit during favourable market trends.

  • *Terms and conditions apply

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EMI Calculator

Loan against property EMI calculator

Enter a few details and check your loan against property EMIs.

Eligibility criteria and documents required

A self-employed doctor can apply for our loan against property after meeting the criteria mentioned below.

Eligibility criteria

  • Nationality: You must be an Indian citizen residing in India with property in a city we operate in.
  • Age: The minimum age of the applicant must be 25 years* (18 years for non-financial property owners)
    * Age at the loan application of the individual applicant/ Co-applicant.
    The maximum age of the applicant must be 70 years* (80 years for non-financial property owners)
    * Age at the loan maturity of the individual applicant/ Co-applicant.
  • CIBIL Score: A CIBIL Score of 700 or higher is ideal to get an approved loan against property.
  • Employment status: As a self-employed doctor, you must hold an MBBS or subsequent higher degree. You should also have a business continuity of over 5 years in your current practice.

Documents required

  • Proof of identity/ residence
  • Proof of income (P&L statement and ITR)
  • Proof of medical practice existence, and
  • Account statements for the last 6 months

Note: This is an indicative list that may change based on your actual loan application.

Eligibility Calculator

Check your loan against property eligibility

Find out how much loan amount you can get.

How to apply for a loan against property

Step-by-step guide to apply for a loan against property

  1. Click on the 'APPLY' button on this page.
  2. Enter your full name, mobile number, and pin code, and choose ‘Self-employed Doctor’ as the employment type.
  3. Now select the type of loan that you wish to apply for.
  4. Generate and submit your OTP to verify your phone number.
  5. Upon OTP verification, enter additional details like your monthly income, required loan amount, and if you have identified the property.
  6. In the next steps, enter your PAN number and any other details as requested depending on your selected occupation type.
  7. Click on the ‘SUBMIT’ button.

That is it! Your loan request is submitted. Our representative will connect with you and guide you through the next steps.

Applicable fees and charges

We advise you to read about our fees and charges thoroughly before applying.

Type of fee

Applicable charges

Rate of interest (p.a) 9% to 14% (Floating rate of Interest)

Processing fees

Up to 3.54% of the loan amount (inclusive of applicable taxes)

Document Processing Charges

Up to Rs. 2,360/- (inclusive of applicable taxes)

Flexi Fee Term Loan - Not applicable
Flexi Variant - Not applicable

Pre-payment Charges

  • Full Pre-payment
    Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment.
    Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.
    Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.

  • Part Pre-payment
    Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part Pre-Payment.
    Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi

    Foreclosure charges/ pre-payment penalties are not applicable on any floating rate term loan sanctioned, for purposes other than business, to individual borrowers with or without co-applicant(s).

Annual Maintenance Charges

Term Loan: Not Applicable

Flexi Term Loan (Flexi Dropline): Not applicable

Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the Total Withdrawable Amount during Initial Loan Tenure. Not applicable for subsequent Loan Tenure.

Bounce Charges

Rs. 1500 per bounce

Penal Interest

Any delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment outstanding, from the date of default until the receipt of monthly instalment.

Stamp Duty Payable as per state laws and deducted upfront from the loan amount
Mandate Rejection Charges Rs. 450/- per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered
Broken Period Interest/ Pre-EMI Interest

"Broken Period Interest/ Pre-EMI Interest" shall mean the amount of interest on loan for the number of day(s) which is(are):

Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the loan

Method of recovery of Broken Period Interest/ Pre-EMI Interest:
For Term Loan: Deduct from disbursement
For Flexi Term Loan: Added to first instalment amount
For Hybrid Flexi Loan: Added to first instalment amount

Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the loan, Interest on first instalment will be charged for actual number of days

Mortgage Origination Fees Rs. 3000/-
Property Insight (if availed)
Rs. 6999/- (inclusive of applicable taxes)

Still haven’t found what you are looking for? Click on any of the links at the top of this page.

Frequently asked questions

Who can get a loan against property?

A salaried or self-employed doctor can apply for a loan against property as long as you meet our eligibility criteria. Your age, employment status, and city of residence are some of the key criteria.

Am I eligible for a loan against property?

A self-employed doctor residing in India between 25 years to 70 years is eligible for the loan against property. Other criteria like your income profile, CIBIL Score, and more are also considered during the approval process.

*Terms and conditions apply

How much loan will I get against my property?

A loan against property is a secured loan for which you mortgage your property to a lender in exchange for a substantial loan. Several factors influence the final loan amount, including the individual's profile and repayment capacity, the property's valuation, and the lender's loan-to-value ratio.

What is the maximum repayment tenure for a loan against property?

You can repay the borrowed sum over a convenient repayment tenure of up to 15 years*.

What should be my CIBIL Score if I want to apply for a loan against property?

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 700 or higher.

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