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.
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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.
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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.
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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.
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Tenure of up to 15 years*
Our repayment tenure of up to 15 years* makes it convenient for you to manage the loan.
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Multiple end-use options
Use the loan amount to manage significant life events like weddings, higher education, or even pay for a medical emergency.
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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.
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Externally benchmarked interest rates
Link your loan to an external benchmark, such as the Repo Rate and benefit during favourable market trends.
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*Terms and conditions apply
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.
Check your loan against property eligibility
Find out how much loan amount you can get.
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 |
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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: 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) |
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Frequently asked questions
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.
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
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.
You can repay the borrowed sum over a convenient repayment tenure of up to 15 years*.
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.
