A loan for all your goals
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 amount of up to Rs. 10.50 Crore*
Manage your big financial needs with a loan of up to Rs. 10.50 Crore*. The loan amount will depend on some criteria like your property value.
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Low interest rates
Our loan against property for salaried individuals comes with affordable interest rates starting from 9% to 14% per annum (Floating rate of Interest) p.a.
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Loan disbursal in 72 hours*
Your loan amount will be disbursed within 72 hours* of the approval. In some cases, it can be credited even earlier.
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Tenure of up to 15 years
You can manage your loan easily with a long repayment tenure ranging up to 15 years.
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Multiple end-use options
Use the loan to manage your wedding expenses, higher education, or even pay for a medical emergency as it comes with no end-use limitation.
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No foreclose charges*
Salaried professionals who chose a floating interest rate, can pre-prepay a part of their loan, or close the entire loan without an additional fee or a penalty.
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Externally benchmarked interest rates
You have the option to link your loan to an external benchmark, such as the Repo Rate. Benefit during favourable market conditions.
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*Terms and conditions apply.
Eligibility criteria and documents required
If you are a salaried individual, you 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: Minimum age: 25 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.
- CIBIL Score: A CIBIL Score of 700 or higher is ideal to get an approved loan against property.
- Employment status: As a salaried applicant, you must be employed with a stable income source from a public or a private company with a minimum of 3 years of work experience.
Documents required:
- Proof of identity/ residence
- Property-related documents (Mortgage documents, Title deed)
- Proof of income (latest salary slips, IT Returns),
- Proof of employment (ID card issued by employer), and
- Account statements for the last 6 months
Note: This is an indicative list that may change based on your actual loan application.
How to apply for a loan against property
Applicable fees and charges
We advise you to read about our fees and charges thoroughly before applying.
Types of fees |
Applicable charges |
Rate of interest (floating rate of interest) |
9% to 14% per annum |
Processing fee |
Up to 3.54% of the loan amount (inclusive of applicable taxes) |
Documentation charges |
Up to Rs. 2,360/- (inclusive of applicable taxes) |
Flexi fee |
Term Loan - Not applicable |
Prepayment charges |
Full prepayment
Part-prepayment
Note: If all borrowers and co-borrowers are individuals, loan availed on floating interest rates, and loan taken for purposes other than business use, then there will be no foreclosure/ part-prepayment charges. |
Annual maintenance charges |
Term Loan: Not applicable |
Bounce charges |
In case of default of repayment instrument, Rs. 1,500/- per bounce will be levied |
Penal interest |
Penal interest is applicable in the following scenarios: |
Stamp duty (as per respective state) |
Payable as per state laws |
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) charged in two scenarios:
Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged:
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Mortgage origination fees |
Up to Rs. 6,000/- per property (inclusive of applicable taxes) |
Property insight (if availed) |
Rs. 6,999/- per property (inclusive of applicable taxes) |
Mandate registration charges |
In case of UPI mandate registration, Re. 1 (inclusive of applicable taxes) will be collected from the customer |
Frequently asked questions
If you are a salaried individual, you can apply for a loan against property, if you meet our eligibility criteria. Your age, employment status and city of residence are some of the key criteria taken into consideration.
A salaried Indian citizen between the age group of 25 years to 85 years, is eligible to apply. Other factors like your income profile, your CIBIL Score, etc. are also considered during the approval process.
*Terms and conditions apply.
Loan against property is a secured loan in which you mortgage your property to a lender in exchange for an amount to cover your expenses. 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.