DIAGNOSTICS
Depending on how serious the sickness is, expensive high-tech diagnostic tests can be required. An MRI scan alone can cost about Rs. 20,000 and in some cases, multiple scans may be necessary. Additionally, laboratory tests for a few weeks may add to the load. Use a loan against property to handle such circumstances.
HOSPITALISATION EXPENSES
There are several exclusions, even when your insurance might be sufficient for therapy. They may cover expenses related to hospitalisation such as upgraded rooms, special meals, doctor visits, dietician consultations, and so on.
PHYSIOTHERAPY
Numerous sessions of physiotherapy may be necessary as part of post-operative care, which calls for specialised tools and trained personnel. These sessions might all last from a few months to several years, adding up to a sizable overhead over time.
HOUSEHOLD EXPENSES
You will still have to pay your monthly bills while in the hospital. In some unfortunate circumstances, monthly expenses such as school fees for your children, groceries, medicine, power prices, and petrol expenses might become a financial hardship.
OPTIONAL TREATMENTS
Medical procedures and optional care treatments have become a necessity for well-being. You may pay for full dental implants, fertility treatments such as IVF, holistic treatments such as acupuncture, naturopathy, weight loss programmes, and LASIK surgery, among other things, without having to delve into your funds.
Features and benefits of our loan against property
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Different ways to use your loan against property
Be it covering your wedding expense, funding your child's higher education, medical expenses, or taking care of your home expenses. Avail of loan against property and cover all your miscellaneous expenses.
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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 ranging from 8% to 14% per annum.
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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*
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.
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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.
Loan against property EMI calculator
Enter a few details and check your loan against property EMIs.
Check your loan against property eligibility
Find out how much loan amount you can get.
How to apply for a loan against property
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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, 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.
