GET AN INSTANT PROPERTY LOAN

Quick approval, competitive rates, and flexible repayment options. Check your eligibility in minutes!

Top Public Banks For Loan Against Property

ICICI Bank Loan Against Property

Interest Rate

10.85% - 12.5%

Loan Amount

₹10L - ₹5Cr

EMI Per Lakh

₹2167 - ₹2250

Processing Fees

Up to 1% of loan amount

Pre Payment Charges

Pre-payment charges-4%

Housing Development Finance Corporation Loan Against Property

Interest Rate

9.5% - 12.25%

Loan Amount

₹8L - ₹1.5Cr

EMI Per Lakh

₹2100 - ₹2237

Processing Fees

Up to 1% of loan amount (minimum Rs 75,000)

Pre Payment Charges

NIL, if the prepaid amount does not exceed 25% of the principal amount 2.5%

RBL Bank Loan Against Property

Interest Rate

9.5%

Loan Amount

₹3L - ₹10Cr

EMI Per Lakh

₹2100 - ₹2100

Processing Fees

1.25% of loan amount + GST

Pre Payment Charges

  • 5% on principal amount, if paid within 12 months.

IDBI Bank Loan Against Property

Interest Rate

9.5% - 13%

Loan Amount

Up to ₹10Cr

EMI Per Lakh

₹2100 - ₹2275

Processing Fees

Upto 1% of loan amount

Pre Payment Charges

--

HSBC Bank Loan Against Property

Interest Rate

9.45% - 14%

Loan Amount

₹3L - ₹30Cr

EMI Per Lakh

₹2098 - ₹2327

Processing Fees

1% of the loan amount sanctioned or INR10,000

Pre Payment Charges

  • Up to 25% of the loan amount sanctioned in every financial year.

HDFC Sales Loan Against Property

Interest Rate

8.25% - 11.2%

Loan Amount

-

EMI Per Lakh

₹2040 - ₹2184

Processing Fees

Up to 1% of loan amount (minimum Rs 75,000)

Pre Payment Charges

  • NIL, if the prepaid amount does not exceed 25% of the principal amount

Kotak Bank Loan Against Property

Interest Rate

9.15%

Loan Amount

₹10L

EMI Per Lakh

₹2083 - ₹2083

Processing Fees

Up to 1%

Pre Payment Charges

NIL for Term Loans given to Individual Borrowers for non-business end use.

Axis Bank Loan Against Property

Interest Rate

10.5% - 10.95%

Loan Amount

₹5L - ₹5Cr

EMI Per Lakh

₹2149 - ₹2172

Processing Fees

1% or Rs 10,000, whichever is higher

Pre Payment Charges

  • Upto 25% of the principal outstanding repaid in the quarter – NIL Charges
  • More than 25% of principal outstanding repaid in a quarter.
  • 3% charges on excess amount repaid.
  • For non-individuals: 3% part prepayment charge on outstanding principal.
  • For individuals with end use as business: 3% on outstanding principal.
  • For individuals with end use other than business: NIL.
  • For non-individuals: 3% foreclosure charge on outstanding principal is applicable.
  • For individuals with end use as business: 3% foreclosure charge on outstanding principal.
  • For individuals with end use other than business: NIL

Reliance Capital Loan Against Property

Interest Rate

Up to 18.25%

Loan Amount

₹3L - ₹25L

EMI Per Lakh

₹2553 - ₹2553

Processing Fees

Up to 2%

Pre Payment Charges

  • Prepayment charge is not applicable to Individual applicant with individual co-applicant.

Federal Bank Loan Against Property

Interest Rate

12.6%

Loan Amount

₹50L - ₹3Cr

EMI Per Lakh

₹2255 - ₹2255

Processing Fees

1% of the limit sanctioned with a minimum of Rs.3000/-

Pre Payment Charges

--

IndusInd Bank Ltd Loan Against Property

Interest Rate

10.49% - 26%

Loan Amount

₹30K - ₹50L

EMI Per Lakh

₹2149 - ₹2994

Processing Fees

Up to 3% of the sanctioned loan amount

Pre Payment Charges

4% of outstanding principal (after repayment of 12 EMIs)

Deutsche Bank Loan Against Property

Interest Rate

10.25%

Loan Amount

₹10L - ₹1.5Cr

EMI Per Lakh

₹2137 - ₹2137

Processing Fees

Up to 2% of the disbursed loan amount

Pre Payment Charges

  • NIL , for individual borrowers for purposes other than business.

Citibank Loan Against Property

Interest Rate

9.13%

Loan Amount

₹5L - ₹5Cr

EMI Per Lakh

₹2082 - ₹2082

Processing Fees

Up to 0.75% of the loan sanctioned

Pre Payment Charges

For individual borrowers: NIL

IDFC FIRST Bank Loan Against Property

Interest Rate

9% - 20%

Loan Amount

₹10L - ₹7Cr

EMI Per Lakh

₹2076 - ₹2649

Processing Fees

Up to 3% of loan amount

Pre Payment Charges

--

YES Bank Loan Against Property

Interest Rate

10.5%

Loan Amount

₹3L - ₹5Cr

EMI Per Lakh

₹2149 - ₹2149

Processing Fees

Up to 2% of the sanctioned loan amount (subject to minimum of Rs 10,000)

Pre Payment Charges

Nil (if both primary & co-applicants for the loan are individuals)

HDFC Loan Against Property

Interest Rate

9.5% - 13.3%

Loan Amount

₹49L - ₹5Cr

EMI Per Lakh

₹2100 - ₹2291

Processing Fees

Up to 1% of loan amount (minimum Rs 75,000)

Pre Payment Charges

  • NIL, if the prepaid amount does not exceed 25% of the principal amount
  • 2.5%, if the prepaid amount exceeds 25% of the principal amount.

Union Bank of India Loan Against Property

Interest Rate

10.5% - 13.15%

Loan Amount

₹25L - ₹75L

EMI Per Lakh

₹2149 - ₹2283

Processing Fees

Up to 1% of the loan amount

Pre Payment Charges

--

Canara Bank Personal Loan Against Property

Interest Rate

10.3% - 12.8%

Loan Amount

Up to ₹10Cr

EMI Per Lakh

₹2139 - ₹2265

Processing Fees

Up to 1% of the loan amount with a minimum Rs 5,000

Pre Payment Charges

1% of the loan amount

State Bank of India Loan Against Property

Interest Rate

10% - 11.3%

Loan Amount

₹1L - ₹20L

EMI Per Lakh

₹2125 - ₹2189

Processing Fees

1% of loan amount (Max. Rs 50,000)

Pre Payment Charges

--

Bank of Baroda Loan Against Property

Interest Rate

10.85% - 16.5%

Loan Amount

₹2L - ₹25Cr

EMI Per Lakh

₹2167 - ₹2458

Processing Fees

Up to 1% (Rs 8,500 upfront-Rs 75,000)

Pre Payment Charges

--

Punjab National Bank Loan Against Property

Interest Rate

10.4% - 12.75%

Loan Amount

₹2L - ₹5Cr

EMI Per Lakh

₹2144 - ₹2263

Processing Fees

0.75% of loan amount (Max. Rs 1 lakh)

Pre Payment Charges

  • For loan upto Rs 50 lakh – Rs 2500/-

IIFL Finance Loan Against Property

Interest Rate

10.65%

Loan Amount

₹1L - ₹2Cr

EMI Per Lakh

₹2157 - ₹2157

Processing Fees

Up to 2% of the loan amount

Pre Payment Charges

  • 5% of prepaid amount plus taxes (within 12 months of 1st disbursement).

Muthoot Finance Ltd Loan Against Property

Interest Rate

14.5% - 16.5%

Loan Amount

₹2L - ₹35L

EMI Per Lakh

₹2353 - ₹2458

Processing Fees

2.50% plus GST

Pre Payment Charges

Foreclosure/Part prepayment within 1 year of disbursement: 5% of loan amount plus prepaid taxes

Ujjivan Small Finance Bank Loan Against Property

Interest Rate

13.75% - 15.75%

Loan Amount

₹3L - ₹10L

EMI Per Lakh

₹2314 - ₹2419

Processing Fees

2% of the loan applied for + GST

Pre Payment Charges

--

Home First Finance Company Loan Against Property

Interest Rate

12.8% - 18.5%

Loan Amount

₹1L - ₹25L

EMI Per Lakh

₹2265 - ₹2567

Processing Fees

Rs 2,500 + GST*

Pre Payment Charges

--

Aadhar Housing Finance Loan Against Property

Interest Rate

11.75% - 17%

Loan Amount

₹25L - ₹1Cr

EMI Per Lakh

₹2212 - ₹2485

Processing Fees

2% of the Loan Amount plus applicable GST

Pre Payment Charges

--

Piramal Housing Finance Loan Against Property

Interest Rate

11.5%

Loan Amount

Up to ₹5Cr

EMI Per Lakh

₹2199 - ₹2199

Processing Fees

Up to 1% of the loan amount

Pre Payment Charges

  • 2% of the principal amount of Loan being prepaid + applicable taxes.

DHFL Personal Loan Against Property

Interest Rate

11.5%

Loan Amount

Up to ₹10Cr

EMI Per Lakh

₹2199 - ₹2199

Processing Fees

NIL

Pre Payment Charges

Up to 3% is levied on outstanding loan amount and it can be done only after six months of taking the loan.

Tata Capital Housing Finance Limited Loan Against Property

Interest Rate

9.85%

Loan Amount

₹10L - ₹3Cr

EMI Per Lakh

₹2117 - ₹2117

Processing Fees

Up to 1.25% of the finance amount

Pre Payment Charges

  • Lock-in period -12 months

Fullerton India Loan Against Property

Interest Rate

24%

Loan Amount

₹50K - ₹12Cr

EMI Per Lakh

₹2877 - ₹2877

Processing Fees

nil

Pre Payment Charges

  • Within 6 months from the Agreement Date - 5%.

Tata Capital Financial Services Ltd Loan Against Property

Interest Rate

10.1%

Loan Amount

₹10L - ₹3Cr

EMI Per Lakh

₹2130 - ₹2130

Processing Fees

Up to 1.25% of the finance amount

Pre Payment Charges

  • Lock-in period - 12 months

Edelweiss Financial Services Loan Against Property

Interest Rate

9.98% - 18.2%

Loan Amount

₹1L - ₹2Cr

EMI Per Lakh

₹2124 - ₹2550

Processing Fees

Up to 2% of Loan Amount plus applicable taxes

Pre Payment Charges

  • Nil with variable interest rates after 12 months.

Bajaj Finserv Loan Against Property

Interest Rate

9.85% - 18%

Loan Amount

Up to ₹5Cr

EMI Per Lakh

₹2117 - ₹2539

Processing Fees

Up to 3.54%

Pre Payment Charges

4.72%

Vastu Housing Finance Loan Against Property

Interest Rate

17.5% - 23.5%

Loan Amount

Up to ₹50L

EMI Per Lakh

₹2512 - ₹2848

Processing Fees

Upto 3% of Loan Amount plus applicable taxes and/ or other statutory levies

Pre Payment Charges

--

Clix Capital Loan Against Property

Interest Rate

14.99% - 24.99%

Loan Amount

Up to ₹2Cr

EMI Per Lakh

₹2378 - ₹2935

Processing Fees

upto 10% of loan amount.

Pre Payment Charges

--

Cholamandalam Finance Loan against Property

Interest Rate

10% - 24%

Loan Amount

₹10L - ₹5Cr

EMI Per Lakh

₹2125 - ₹2877

Processing Fees

Rs 10,000 plus GST (per property)

Pre Payment Charges

  • Up to 4% plus GST.

Godrej Housing Finance Loan Against Property

Interest Rate

9.75%

Loan Amount

₹5L - ₹2Cr

EMI Per Lakh

₹2112 - ₹2112

Processing Fees

Up to 3% of loan amount

Pre Payment Charges

--

Capri Global Loan Against Property

Interest Rate

7.99% - 16.75%

Loan Amount

₹10L - ₹50L

EMI Per Lakh

₹2027 - ₹2472

Processing Fees

2% of the loan applied for + GST

Pre Payment Charges

--

L&T Finance Loan Against Property

Interest Rate

9.6%

Loan Amount

Up to ₹20Cr

EMI Per Lakh

₹2105 - ₹2105

Processing Fees

Up to 2% of loan amount

Pre Payment Charges

--

IndiaBulls Loan Against Property

Interest Rate

9.75%

Loan Amount

₹30L - ₹5Cr

EMI Per Lakh

₹2112 - ₹2112

Processing Fees

1% onwards

Pre Payment Charges

  • For prepayments up to 25% of principal outstanding.

Punjab National Bank Housing Finance Loan Against Property

Interest Rate

9.25% - 16.72%

Loan Amount

₹2L - ₹5Cr

EMI Per Lakh

₹2088 - ₹2470

Processing Fees

0.75% of loan amount (Max. Rs 1 lakh)

Pre Payment Charges

  • NIL – In case property is in the name of Individual & loan.

Aditya Birla Finance Limited Loan Against Property

Interest Rate

8.75%

Loan Amount

Up to ₹75Cr

EMI Per Lakh

₹2064 - ₹2649

Processing Fees

2% of the loan applied for + GST

Pre Payment Charges

Lock in period is 24 months (No foreclosure allowed)

Hero FinCorp Loan Against Property

Interest Rate

8% - 18%

Loan Amount

₹10L

EMI Per Lakh

₹2028 - ₹2539

Processing Fees

upto 1% plus GST

Pre Payment Charges

--

Poonawalla Fincorp Limited Loan Against Property

Interest Rate

9%

Loan Amount

₹2L - ₹5Cr

EMI Per Lakh

₹2076 - ₹2076

Processing Fees

A processing fee of 1% on your sanctioned loan amount plus GST is applicable.

Pre Payment Charges

Zero charges are applied when you choose to foreclosure or prepay your loan availed for any purpose other than business end usage.

Shriram Urban Co Operative Bank Limited Loan Against Property

Interest Rate

Up to 11%

Loan Amount

₹1L - ₹10Cr

EMI Per Lakh

₹2174 - ₹2174

Processing Fees

1.25% of Loan amount.

Pre Payment Charges

--

Features and Benefits

A loan of up to 70% of the property's market value is offered.

Flexible repayment terms make the loan against property rates competitive.

Facilitates easy repayments through small monthly instalments.

Quick processing, usually 3 to 4 days with minimal documentation.

The applicant's age must be between 21 years to 65 years old.

Flexible repayment tenure up to 20 years.

Is available on plots, residential property and commercial property.

Lower interest rates, starting from 11 percent.

A loan amount of INR 5 lacs to INR 7.5 crores can be offered based on the property's market value.

No additional collateral is required.

Availability of balance transfer on the existing loan.

Minimal prepayment penalties may vary from one bank to another.

Eligibility Criteria

To secure a LAP with utmost ease, you must cope with the lender's loan against property eligibility criteria. You can also rely on a loan against property eligibility calculator to determine your eligibility for securing a loan. However, the property must be registered in the name of the loan applicant or other family member.

Age Limit of the Applicant
21 to 65 years
Employment Status
Salaried Professional, Self-employed Individual
Annual Income
At least INR 3 lakh per annum
Work Experience
1 year to 5 years
LAP Interest Rate
9.8 percent to 16.50 percent per annum
Maximum Loan Amount
70 percent of the property's market cost or to up to INR 7 crore
Credit Score
Applicant must have a credit score above 750
Repayment Time Frame
15 years to 20 years at maximum

Factors Affecting Loan Against Property Eligibility Criteria

1) Credit History

Credit history is one of the most vital factors to evaluate a Loan Against Property application. The credit score of the borrower represents the repayment capabilities and credibility. A credit score reflects whether or not a borrower will be able to repay their loan on time. As a result, maintaining a strong credit history is essential.

2) Incomplete Property Documents

You must pay close attention to the documentation pertaining to the mortgaged property. Before applying for a Loan Against Property, ensure all of your documentation is in order. Documents such as title deeds, building blueprints, appropriate authority permissions, and property registration should be readily available. Keeping the documents required for a loan against property ready escalates the loan procedure and increases the approval chances.

3) Loan Tenure

A longer loan term allows you to get a loan faster and pay lesser EMIs. If you have a low income, you can always choose lengthier terms because these loans have a shorter term than a traditional home loan. You can count on a loan against property calculator to determine the repayment tenure that best suits you.

4) Borrower's Age

The age of the borrower is crucial in establishing the debtor's ability to repay the debt. The loan must be repaid before the borrower reaches the age of 65. If the debtor has already reached the mid-60s, there are chances of loan application denial. In this case, you may choose to look for loans with a shorter term, which will result in higher EMIs.

5) Regular Income Flow

One of the most important considerations is that the application must have a continuous and constant source of income, ensuring that the borrower has the financial means to repay the loan EMIs.

6) Property Insurance

Mortgage insurance takes care of the loan repayment, alleviating the financial strain on your family. It also reduces the borrower's risk in the event of unforeseen occurrences. As a result, it's always a good idea to get mortgage insurance to protect your financial interests.

Interest Rates and Other Charges

The loan amount and the repayment tenure determine the loan against property interest rate. Because a loan against property is a secured finance product, it is feasible to negotiate a lower interest rate based on a variety of circumstances.

If you take out a loan for a longer period of time, the interest rate will drop even more. The majority of banks have interest rates that range from 9 percent to 12 percent. To compute approximate values in advance, one can count on loan against property EMI calculator.

In addition to interest rates, you have to pay some nominal charges. The below-depicted table provides a better understanding of the applicable charges:

Processing Charges
Around 1 percent of the loan amount
Prepayment Charges
Prepayment charges may vary from one bank to another. Usually, banks charge 2.5 percent of the outstanding amount as prepayment charges.
Late Payment Charges
1 to 2 percent of the due monthly instalment
Bounce cheque Charges
May vary from INR 250 to INR 550

Documents Required for Loan Against Property

Bank account statement (last three months)

PAN card and Aadhaar card

Residence and identity proof

Salary Proof (for salaried applicants)

Scanned copy of property documents

Income tax returns (last two years)

Form 16

EMI Calculator

Loan Summary

Monthly EMI

₹ 0

Total Interest

₹ 0

Total Amount

₹ 0

Frequently Asked Questions