Loan against property Documents ? Apply online on Financenu

Property Loans allow you to borrow money using your property as collateral. Enter the desired loan amount and tenure, and the lender will assess your Eligibility .

property loan or loan against property LAP is a kind of secured loan where the ROSC holder uses his/her property such as the residential or commercial or industrial property as security to obtain the loan demanded. It comes with a high loan value: most often, it provides up to 60-80% of the property’s market price; flexible rem monthly payment duration of 5 to 15 years. It offers competitive property loan rate which is very useful in financing needs such as business enlargement, education, or medical emergency. The process of getting loan approval involves property loan Documents and paperwork: however this means you can employ your asset without having to sell it.

Bank

Interest

Amount

Tenure

Processing Fee

Action

State Bank of India

8.45% p.a. - 10.00% p.a.

Up to 7.5 crore

5-15 years

Flat Rs.10,000/-

HDFC Bank

8.00% p.a. - 8.95% p.a.

As the terms and condition

Up to 15 years

UP to 1.50% to 4500/- & which ever is highest

IDFC First

8.00% p.a. Onwards

Up to Rs.7 crore

Up to 20 years

Up to 3% of your loan amount

TATA Capital

10.10% p.a

Rs. 5 Lakh to 5 crore

Up to 20 years

Up to 1.25% of the loan amount

Axis Bank

9.90% p.a. - 10.35% p.a

Rs. 5 Lakh to 5 crore

Up to 20 years

1% of your loan amount or 10,000/-

Kotak Manindra Bank

9.5% p.a. onwards

Rs.10 lakh – Rs.5 crore

Up to 15 years

Maximum 1% of your loan amount plus GST

IIFL

10.75% p.a

Up to Rs.10 crore

Up to 10 years

Up to 2% of loan amount

Edelweiss Financial Services Ltd

As per the terms and conditions

Up to Rs.25 crore

Up to 15 years

Contact the bank

*The interest rate depends on loan amount availed by the customer as well as the type of loan scheme and several other factors based on the terms and conditions of the lender.

Loan Tenure - The repayment tenure determines the interest rate charged by the bank. Shorter the repayment tenure, higher will be the rate of interest charged.
Credit Score - You must have a credit score of 700 and above if you wish to avail a loan against property at lower rates of interest.
Type of property - The market value and the type of property determines the interest rate charged by the lender.
Profile of the applicant - The age, occupation, income, etc. also determines the interest rate charged by the bank.

SBI Bank Loan Against Property

Key Features:

Offered to customers with residential and commercial properties.
The minimum loan amount that can be availed is Rs.10 lakh and the maximum loan amount is Rs.7.5 crore.
Processing fee is set at 1% of the loan amount plus service tax, subject to a maximum of Rs.50,000 plus service tax.
To be eligible for the SBI Loan Against Property, the applicant should have a minimum monthly income of Rs.25,000 or Rs.3 lakh p.a.
No prepayment penalties with the SBI Loan Against Property.

Bank/Lender	Processing Fee	Pre-closure Charges	Age Criteria
SBI	1%	Nil	The loan should be liquidated before the eldest borrower reaches 70 years of age.

HDFC Bank Loan Against Property

Key Features:

Resident Indians who are salaried or self-employed are eligible for this loan scheme.
Flexible loan tenures up to 15 years.
Quick and hassle-free documentation process.
The borrower can use his/her residential or commercial property as collateral to avail the loan.
Simple monthly installments repayment options.

Bank/Lender	Processing Fee	Pre-closure Charges	Age Criteria
HDFC Bank	1% of the loan amount	NIL	Contact bank for information

IDFC First Bank Loan Against Property

Key Features:

Loans of up to Rs.7 crore.
Avail up to 80% of the value of your property as loan.
Flexible loan tenures up to 20 years.
Loans offered to borrowers with commercial properties, small and medium enterprises (SMEs), residential plots, or those with a rental income.
Salaried and self-employed individuals are eligible for this loan scheme.

Bank/Lender	Processing Fee	Pre-closure Charges	Age Criteria
IDFC First	Up to 3% of the loan amount	As per the terms and conditions	As per the terms and conditions

Tata Capital Loan Against Property

Key Features:

Quick and hassle-free documentation and approval process.
Wide range of collaterals – residential, commercial properties, etc.
Pre-qualified loan top-up.
Availability of the overdraft facility.
Competitive interest rates and flexible repayment plans.

Bank/Lender	Processing Fee	Pre-closure Charges	Age Criteria
Tata Capital	1.25%-2% + GST of the loan amount	4% + GST	25 years to 60 years

Axis Bank Loan Against Property

Key Features:

Loans starting at Rs.5 lakh.
Overdraft facility available.
Transfer existing loan to Axis Bank.
Flexible tenure options with attractive interest rates.
Loans offered for as low as Rs.5 lakh.

Bank/Lender	Processing Fee	Pre-closure Charges	Age Criteria
Axis Bank	1% of the loan amount or Rs.10,000 whichever is higher	At the discretion of the bank	Contact bank for details

IIFL Loan Against Property

Key Features:

Minimum documentation required during the application process.
Quick loan approval.
Flexible repayment options.
Doorstep banking available.

Bank/Lender	Processing Fee	Pre-closure Charges	Age Criteria
IIFL	Contact the bank for more information	NIL	Contact the bank for more information

Kotak Mahindra Bank Loan Against Property

Key Features:

The Kotak Mahindra Bank Loan Against Property can be availed for purposes such as education, travel, and other personal expenses.
Applicants can use their residential property, commercial or industrial properties as collateral.
Flexible Eligibility .
Interest rates are lower than usual personal loan products.
Hassle-free online application process.

Bank/Lender	Processing Fee	Pre-closure Charges	Age Criteria
Kotak Mahindra Bank	Maximum 1% of the loan amount + GST	Contact the bank for more information	Between 21 years and 65 years

Edelweiss Loan Against Property

Key Features:

Quick online application process.
Loan amount you can avail will be at the discretion of the bank
Minimum documentation required to avail the loan.
Flexible tenure options. Tenure will depend on factors such as loan amount, interest rate, etc.
Competitive interest rates on the borrowed sum.

Bank/Lender	Processing Fee	Pre-closure Charges	Age Criteria
Edelweiss Financial Services Ltd.	1% of the loan amount	At the discretion of the bank	As per the terms and conditions set by Edelweiss Financial Services Ltd.

Type of property	The property should be in India, be it a residential or commercial property.
Minimum and maximum age	25 to 65 years
Employment type	Salaried or Self-employed
Net monthly income	Rs.25,000 minimum monthly income
Others	Legal property documents authorized by the Government of India - Registration Certificate, Property Tax Receipts, Sales Deed, etc.

Proof of Identity	Aadhar card ,PAN card, Passport, Driving License, Voter IDs etc.
Proof of Address	Aadhar card,driving licence,ration card, etc.
Income Proof	Form 16 salary slip bank statement of 6 months
Proof of property	Sale deed Registration certificate Property tax receipt

The customer has to visit the website of the financial lender and apply for the loan online.
The customer support team of the lender will get in touch with the applicant and request for the submission of relevant documents.
The lender will then verify the documents submitted and then inspect the property of the applicant.
If the application is approved, then the loan amount will be credited in the bank account of the customer.

The bank offers an EMI calculator for users' help. With this facility, users can know how much payment to repay monthly to the bank. You have to review aspects such as the loan amount availed, the interest rate applicable, the processing charges, and the tenure for repayment.

Choose a loan against property according to your finances.
Then, go to the website and fill out the form.
Also, add on the personal information, income proof, and property proof.
Enter the amount you wish to take a loan and tenure. After that, the lender will calculate your Eligibility .
The lender starts your verification process with the needs document that you submitted before. Then, carry out the property elevation process.
Previous to the loan distribution, you will have to submit the authentic papers of the property.