Loan against property , Instant financial power
- Lowest interest rate starting from 8.75% to 17%
- Get funding up to 80% of your property value
- Loan up to ₹15 cr with tenure of 25 years
- Multiple end-use options
- Disbursal in 5 to 10 working days
Loan against property, Instant financial power
- Lowest interest rate starting from 8.75% to 17%
- Get funding up to 80% of your property value
- Loan up to ₹15 cr with tenure of 25 years
- Multiple end-use options
- Disbursal in 5 to 10 working days
Unlock the Value of Your Property with Shivafinz's Loan Against Property Solutions
Loan Against Property scheme is a secured personal loan which you can avail by pledging your property as a security or a collateral. These personal loan schemes are also known as mortgage loans. Loan Against Property interest rates range between 8.50% p.a. to 18% p.a. You can avail loans of up to Rs.25 crore for a tenure of up to 20 years with LAP.
Loan against Property Details
| Interest Rate | 8.50% p.a. to 18% p.a. |
| Loan Amount | Up to Rs.25 crore |
| Loan Tenure | Up to 20 years |
| Processing Fee | 1% – 3% of the loan amount + GST |
Comparison of Loan Against Property in India
| Bank | Interest Rate | Loan Amount | Tenure |
|---|---|---|---|
| State Bank of India | 10.60% p.a. – 11.30% p.a. | Up to 7.5 crore | 5-15 years |
| HDFC Bank | 8.95% p.a. – 10.25% p.a. | Up to 60% of the value of the property | Up to 15 years |
| IDFC First | 9.00% p.a. – 16.50% p.a. | Up to Rs.7 crore | Up to 20 years |
| Tata Capital | 10.10% p.a. onwards | Rs.5 lakh – Rs.5 crore | Up to 20 years |
| Axis Bank | 9.90% p.a. -10.35% p.a. | Rs.5 lakh – Rs.5 crore | Up to 20 years |
| Kotak Mahindra Bank | 9.15% p.a. onwards | Rs.10 lakh – Rs.5 crore | Up to 15 years |
| IIFL | 10.75% p.a. onwards | Up to Rs.10 crore | Up to 10 years |
| Edelweiss Financial Services Ltd | As per the terms and conditions | Up to Rs.25 crore | Up to 15 years |
| Bank of India | 11.25% p.a. onwards | Up to Rs.7.5 crore | Up to 15 years |
| L&T Housing Finance | 9.50% p.a. onwards | Rs.2 lakh onwards | Up to 18 years |
| Union Bank of India | 10.50% p.a. – 13.15% p.a. | Up to Rs.10 crore | Up to 15 years |
| Indian Bank | 10.00% p.a. – 12.60% p.a. | Up to Rs.5 crore | Up to 15 years |
| LIC Housing Finance | 9.50% p.a. – 11.55% p.a. | Up to Rs.7.5 crore | Up to 15 years |
| Bank of Maharashtra | 10.45% p.a. – 11.95% p.a. | Up to Rs.10 crore | Up to 10 years |
| PNB Housing Finance | 10.40% p.a. – 12.75% p.a. | Up to Rs.5 crore | Up to 10 years |
| ICICI Bank | 10.85% p.a. – 12.50% p.a. | Up to Rs.5 crore | Up to 15 years |
| Bajaj Housing Finance | 8.50% p.a. – 18.00% p.a. | Up to Rs.5 crore | Up to 30 years |
| UCO Bank | 10.95% p.a. – 12.10% p.a. | Up to Rs.5 crore | Up to 12 years |
| Indiabulls Housing Finance | 9.75% p.a. onwards | Based on customer’s profile, repayment capacity and the LTV ratio. | Up to 15 years |
| Bank of Baroda | 10.85% p.a. – 16.50% p.a. | Up to Rs.25 crore | Up to 15 years |
| Federal Bank | 12.60% p.a. onwards | Up to Rs.5 crore | Up to 15 years |
Eligibility criteria for Loan Against Property
- Type of property- The property should be in India, be it a residential or commercial property.
- Minimum and maximum age- 18 to 70 years
- Employment type- Salaried or Self-employed
- Work Experience-Minimum 1 year in the current organisation
- Credit Score- 750 and above
- Net Annual Income-Minimum Rs.1.5 lakh p.a.
- Net monthly income-Rs.12,000 minimum monthly income
- LTV Ratio – Up to 75% of the value of the property
- Legal property documents authorized by the Government of India – Registration Certificate, Property Tax Receipts, Sales Deed, etc.
Documents required to apply for the Loan Against Property
- Proof of Identity-PAN card, Passport, Driving License, Voter ID etc.
- Proof of Address-Passport, Electricity Bill, Aadhaar card, etc.
- Property Documents-Copy of original sale deed, allotment-possession letter, NOC from society.
- Proof of Age-Passport, PAN card, etc.
- Income Proof- Latest Income Tax Return Certificate, Form 16, salary slips, audited financial sheet, certificate of practice, qualification certificate, Shop Act License, Sales Tax Certificate, etc.
How to apply for Loan Against Property?
You can apply for a Loan against property from a financial lender by following the steps described below:
Step 1: Visit the website of the financial lender to start the process of applying for the loan online.
Step 2: The customer support team of the lender will reach out to you after you submit your application and request you to provide the necessary documents.
Step 3: Once you have submitted the required documents, the lender will carefully verify them to ensure everything is in order.
Step 4: In addition to document verification, the lender will also inspect the property associated with your loan application.
Step 5: If your application meets all the criteria and is approved, the loan amount will be credited directly to your bank account.
A loan against property is a type of secured loan where borrowers can use their property as collateral to secure funding for personal or business-related financial requirements.
At Shivafinz, you can secure a loan against property for amounts up to ₹1Cr, depending on the value of your property and other eligibility criteria.
Apply online through our website.
Enter your information, which takes about 10 minutes.
Pre-qualify or get pre-approved in just 5 minutes.
We’ll help you prepare the necessary documentation.
Finalize the loan process and receive approval.
With Shivafinz, you can receive your loan against property within 7 days after your application has been approved.
At Shivafinz, we focus on your future, not your past. We offer loan options even for those with less-than-perfect credit history.
Yes, when you’re ready, Shivafinz is ready too. Our services are available around the clock, 24 hours a day, 7 days a week.