Loan Against Property can be further understood with the below mentioned key facts:

Loan Against Property Interest RateStarting from 8.50% Loan to Value (LTV) Ranges from 60% to 70%

LTV as per different property types:

Commercial property- 55-65%

Residential property-65-70%

Industrial property- 40-55%

Loan Tenor Flexible loan tenor up to 15 years, however, the tenor varies depending on the age of the borrower Processing Fee Ranges from 0.50% to 1% of the loan amountLoan Amount Minimum Rs. 3 lacs

Maximum Rs. 100 crores  (Based on the type of property and loan purpose)

Who can Apply? Salaried Individual

Self-Employed Individual

Professional

NRI (Subject to documents verification)

Prepayment of Loan Prepayment could vary from 2-5% (Read loan sanction terms carefully)

To obtain Loan Against Property the borrower should fulfil the eligibility criteria. The following factors affect the loan eligibility of the borrower:

Age Minimum 21 years (At the time of loan application)

Maximum 65 years (At the time of loan maturity)

However, the age may go up to 70 years and above in special cases. Job Experience or Business Stability Salaried Employees: Minimum of 2-3 years

Self-Employed: Cash profit of at least 3 years

CIBIL Score Good CIBIL Score
(Usually, 650 and above is considered as good)

With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company.

With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company.

With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company.

With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company.

With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company.

With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company.

With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company.

With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company.

With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company.

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