Loan Against Property
How much I can get?
The eligibility of Loan against Property is calculated on the basis of either the
percentage of property value that you own and how much income you have that you
can return the emi with.So you can get Loan against property upto annex % of property
value and the net amount that you earn after other emi a percentage of that amount
can go into the emi.
Apply For Loan Against Property
Loan Against Property Interest Rates
|
Banks
|
up to 30 lacs
|
30-75 lacs
|
75 & above
|
Processing fees
|
|
HDFC
|
12.75%
|
12.75%
|
12.75%
|
1%+ service Tax
|
|
Ing vysya
|
12% to 13%
|
12% to 13%
|
12% to 13%
|
1%
|
|
ICICI Bank
|
12.05%
|
12.05%
|
12.05%
|
1% + service tax
|
|
Axis Bank
|
13%
|
13%
|
13%
|
1%
|
|
SBI
|
11.25%
|
11.25%
|
11.25%
|
1%
|
|
PNB HFL
|
13% - 13.75% (Fixed for 10 year)
|
13% - 13.75% (Fixed for 10 year)
|
13% - 13.75% (Fixed for 10 year)
|
1%
|
|
FedBank
|
13%
|
13%
|
13%
|
1% + service tax
|
|
India Bulls
|
12.50%
|
12.50%
|
12.50%
|
1%+service Tax
|
|
DCB
|
13.50%
|
13.50%
|
13.50%
|
1% + service Tax or Min 5000/-
|
|
Standard Chartered
|
11.75%
|
11.75%
|
11.75%
|
1%+ service tax
|
|
Citibank
|
11.5% (Fixed for 2yrs)
|
11.5% (Fixed for 2yrs)
|
11.5% (Fixed for 2yrs)
|
0.50%
|
|
IDBI Bank
|
13.00%
|
13.00%
|
13.00%
|
10000 + service tax
|
|
Deutsche Bank
|
11.75% to 13%
|
11.75% to 13%
|
11.75% to 13%
|
1% + service tax
|
|
Cent Bank
|
14.25
|
N.A
|
N.A
|
1% of the loan amount
|
|
HSBC
|
11.25% - 11.75%
|
11.25% - 11.75%
|
11.25% - 11.75%
|
0.50%
|
|
DHFL
|
13.50%
|
13.50%
|
13.50%
|
0.50% - 1% of the loan amount
|
|
LIC HFL
|
12.50%
|
12.50%
|
12.50%
|
0.50% + service tax
|
|
Fullerton
|
15.5%
|
15.5%
|
15.5%
|
1% of the loan amount
|
|
Reliance
|
13.50%
|
13.50%
|
13.50%
|
1%
|
|
Edelweiss
|
13.25%
|
13.25%
|
13.25%
|
1% of the loan amount
|
|
Bank of India
|
11.75%
|
11.75%
|
11.75%
|
1% of the loan amount Max. Rs.50000
|
|
Tata capital
|
12.50% - 13%
|
12.50% - 13%
|
12.50% - 13% (Upto 1Cr)
then 13% - 13.50%
|
1% + service tax
|
|
Megma housing finance
|
14% - 14.50%
|
14.50 %
|
14.50 %
|
1.25% + service tax
|
|
Kotak
|
12.5% to 13%
|
12.5% to 13%
|
12.5% to 13%
|
1%
|
|
Chola Mandalam
|
13.75%
|
13.75%
|
13.75%
|
1.5%
|
|
HDBFS
|
13.75%
|
13.75%
|
13.75%
|
1%
|
|
Bajaj Finserv
|
13.50%
|
13.50%
|
13.50%
|
1.50%
|
Features at Glance
- Loans from Rs2 Lakh onwards depending on your needs
- Borrow up to 70% of market value of the property
- Flexibility to choose between an EMI based loan or an overdraft
- High tenure loans for ease of repayment.
- Attractive interest rates.
- Simple and speedy processing.
- Loan for salaried & self-employed individuals.
Advantages of taking a Loan Against Property
- Cheaper than Personal Loans: It works out to be much cheaper than a personal loans,
which is usually issued at interest rates in the region of 16 per cent-21 per cent.
- Longer Loan Tenure: The tenure for a Loan Against Property is usually longer than
that for a personal loan. Generally, LAP is given for a maximum tenure of 10 years.
- Lower EMI: Since the rate of interest is lower, many times, LAP Equated Monthly
Installments (EMI) turn out to be cheaper than those under personal loans.
- Simple documentation and Fast Approvals: LAP being a secured Loan has comparatively
faster approvals and minimal documentation.