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Loan against property , Instant financial power

Loan against property, Instant financial power

Unlock the Value of Your Property with Shivafinz's Loan Against Property Solutions

Tap into the financial potential of your real estate assets with Shivafinz’s competitive loan against property options in Bangalore. Whether you need funds for personal aspirations or business expansions, our customized lending solutions leverage the equity in your property to secure the capital you need. Benefit from our straightforward online application process and get pre-qualified in just minutes. Experience peace of mind with our fast, secure, and easy loans, designed to cater to your unique situation in just 7 days. At Shivafinz, we don’t dwell on your past; we’re here to fortify your future with flexible financing solutions up to ₹1Cr. Apply now and embark on your journey to financial freedom with the confidence that your property is working for you.

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 Rate8.50% p.a. to 18% p.a.
Loan AmountUp to Rs.25 crore
Loan TenureUp to 20 years
Processing Fee1% – 3% of the loan amount + GST

Comparison of Loan Against Property in India

BankInterest RateLoan AmountTenure
State Bank of India10.60% p.a. – 11.30% p.a.Up to 7.5 crore5-15 years
HDFC Bank8.95% p.a. – 10.25% p.a.Up to 60% of the value of the propertyUp to 15 years
IDFC First9.00% p.a. – 16.50% p.a.Up to Rs.7 croreUp to 20 years
Tata Capital10.10% p.a. onwardsRs.5 lakh – Rs.5 croreUp to 20 years
Axis Bank9.90% p.a. -10.35% p.a.Rs.5 lakh – Rs.5 croreUp to 20 years
Kotak Mahindra Bank9.15% p.a. onwardsRs.10 lakh – Rs.5 croreUp to 15 years
IIFL10.75% p.a. onwardsUp to Rs.10 croreUp to 10 years
Edelweiss Financial Services LtdAs per the terms and conditionsUp to Rs.25 croreUp to 15 years
Bank of India11.25% p.a. onwardsUp to Rs.7.5 croreUp to 15 years
L&T Housing Finance9.50% p.a. onwardsRs.2 lakh onwardsUp to 18 years
Union Bank of India10.50% p.a. – 13.15% p.a.Up to Rs.10 croreUp to 15 years
Indian Bank10.00% p.a. – 12.60% p.a.Up to Rs.5 croreUp to 15 years
LIC Housing Finance9.50% p.a. – 11.55% p.a.Up to Rs.7.5 croreUp to 15 years
Bank of Maharashtra10.45% p.a. – 11.95% p.a.Up to Rs.10 croreUp to 10 years
PNB Housing Finance10.40% p.a. – 12.75% p.a.Up to Rs.5 croreUp to 10 years
ICICI Bank10.85% p.a. – 12.50% p.a.Up to Rs.5 croreUp to 15 years
Bajaj Housing Finance8.50% p.a. – 18.00% p.a.Up to Rs.5 croreUp to 30 years
UCO Bank10.95% p.a. – 12.10% p.a.Up to Rs.5 croreUp to 12 years
Indiabulls Housing Finance9.75% p.a. onwardsBased on customer’s profile, repayment capacity and the LTV ratio.Up to 15 years
Bank of Baroda10.85% p.a. – 16.50% p.a.Up to Rs.25 croreUp to 15 years
Federal Bank12.60% p.a. onwardsUp to Rs.5 croreUp 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.