Loan Against Property · Mortgage Loan
Your property is worth more than it is doing.
Borrow against a house, shop or office you already own — for business, education, medical costs or consolidating expensive debt. Lower rates than a personal loan, longer to repay, and you keep the property.
- Interest range p.a.
- [7%–12%] Interest range p.a.
- Of property value
- 50%–70% Of property value
- Maximum tenure
- 15 years Maximum tenure
Property eligibility
What we can lend against
Usually accepted
- Self-occupied residential house or flat
- Rented residential property
- Commercial shop or office
- Residential plot, at a lower funding percentage
- Industrial property, with a smaller set of lenders
Usually not accepted
- Agricultural land
- Gram panchayat properties, at most lenders
- Unauthorised or unapproved construction
- Property under litigation or with a disputed title
- Property whose remaining life is shorter than the loan
Whatever the property, it must have
A clear and marketable title, an approved building plan, property tax paid up to date, and an encumbrance certificate showing no existing charge. If any of those is missing we will tell you before you spend anything on valuation.
How much you can raise
Funding by property type
A percentage of the lender's valuation — not of what you paid, and not of what you think it is worth.
| Property type | Funding | Notes |
|---|---|---|
| Self-occupied residential | 60%–70% | The highest funding, and the fastest to process |
| Rented residential | 60%–65% | Rental income can also support your eligibility |
| Commercial shop or office | 55%–65% | Location and tenancy affect the valuation heavily |
| Industrial property | 50%–55% | Fewer lenders; expect a longer timeline |
| Residential plot | 50% | Lowest funding, as there is no building to value |
The valuation is the lender's, done by their empanelled valuer. We will give you a realistic estimate before you apply so there are no surprises.
At a glance
Rates and charges
- Interest rate
- [7%–12%] p.a.Higher than a home loan; varies widely by profile and property
- Loan amount
- ₹5 lakh to ₹10 croreDriven by the valuation, not by what you ask for
- Tenure
- Up to 15 yearsSome lenders go to 20 on residential property
- Processing fee
- [0.5%–1%]Higher than a home loan
- Prepayment
- Nil on floating rateFor individual borrowers. Company borrowers may be charged
- Valuation & legal
- [₹5,000–₹15,000]Paid to the lender's empanelled valuer and lawyer
- Tax benefit
- Only if used for a houseNo 80C or 24(b) relief on a general-purpose loan against property
Documents
Property papers do the heavy lifting
About the property
- Sale deed and the chain of prior deeds
- Encumbrance certificate, 13 to 30 years
- Approved building plan
- Latest property tax receipt
- Occupancy certificate, where applicable
- Recent utility bill for the property
About you
- PAN, Aadhaar and photographs
- Salaried: 3 months' payslips, Form 16, 6 months' statements
- Self-employed: 3 years' ITR, audited financials, GST returns
- 12 months' bank statements
- Statements for any existing loans