Loan Against Property
Apply for Loan Against Property online. Get maximum loan amount with no income proof.
Easy EMIs
Simple Documentation
Quick Approval
Easy EMIs
Simple Documentation
Quick Approval
Loan Against Property
Apply for Loan Against Property online. Get maximum loan amount with no income proof.
Easy EMIs
Simple Documentation
Quick Approval
Easy EMIs
Simple Documentation
Quick Approval
Features
Avail flexible repayment options
Enjoy easy documentation
Key Details
ELIGIBILITY
Salaried person, self-employed professional or a self-employed non-professional.
PURPOSE
Business Expansion, Balance Transfer and Top-up
LOAN SIZE
Rs 10 Lakhs up to Rs 300 Lakhs
TENURE
3 years up to 15 years
Calculate your EMI instantly with Loan Calculator
Loan EMI
₹NaN
Total Interest Payable
₹0
Total Payment (Principal + Interest)
₹0
Interest Rates
Mean rate and Interest rate range for the quarter January 2025 – March 2025
Segment
Mean interest rate
Min Rate (in %) p.a.
Max Rate (in %) p.a.
Loan against property
19.59%
10.75%
24.00%
•Mean rate = Sum of rate of interest of all loan accounts / Number of all loan accounts.
Annualised Percentage Return (APR) for the quarter January 2025 – March 2025
Segment
Min Rate (in %)
Max Rate (in %)
Loan against property
11.25%
26.00%
Type of LAP
Type of Loan
Segment
Effective Rate Of Interest (p.a.) linked to External Benchmark Rate
Fixed
Micro LAP & Agri
18% - 24%
Fixed or Hybrid#
SLAP, GLAP & BL Secured
10.75% - 23.00%
# Hybrid: Fixed for 3 years and 6 months and thereafter floating interest rate
* Market Linked Benchmark (MLB): External Benchmark Rate is arrived based on Repo Rate published by RBI. Rate is published at https://rbi.org.in/home.aspx
Our Charges
Schedule of Charges
Schedule of Charges
Charges
Details of Charges
Legal Charges
Rs.2,000/- for loan amount less than or equal to 5 lakhs
Rs.3,000/- for loans greater than 5 to 25 lakhs
Rs.5,000/- for loans greater than 25 lakhs
Processing Fees
Up to 2%
Admin Fee
Upto 0.2%
Login Fee (Non-refundable and part of processing fees)
Rs.2000/- inclusive of GST for loans upto 5 lakhs
Rs.3000/- inclusive of GST for loans greater than 5 upto 25 lakhs
Rs.5000/- inclusive of GST for loans greater than 25 lakhs
CERSAI Charges
Rs 50/- for all loans up to Rs 5 Lakhs and Rs 100/- for all other loans
Part Pre-Payment Charges (Fixed ROI period)
Up to 3% on prepaid amount
Part Pre-Payment Charges excluding corporate borrowers (Floating ROI period)
Nil if the end use of funds is other than Business 3% on Prepaid amount
Part Pre-Payment Charges for Corporate Borrowers (Floating ROI period)
Nil if the end use of funds is other than Business 3% on Prepaid amount
Foreclosure Charges (Fixed ROI Period)
Payment made through own funds of the borrower(s) - 3%
Payment made through funds/instruments from other financial institutions - 5% (Balance Transfer of loan to other institution)
Foreclosure Charges excluding corporate borrowers (Floating ROI Period)
Payment made through own funds of the borrower(s) - 3%
Payment made through funds/instruments from other financial institutions - NIL (Balance Transfer of loan to other institution) Individual borrower(s). If the end use is other than Business 5% on outstanding balance.
Foreclosure charges for Corporate Borrowers (Floating ROI period)
Payment made through own funds of the borrower(s) - 3%
Payment made through funds/instruments from other financial institutions - 5% (Balance Transfer of loan to other institution)
Cheque Bouncing Charges
Rs.500/-
Delayed Payment charges
36% per annum for the delayed days from EMI due date till the date of payment on the EMI due
Mortgage Creation/ Release Charge
As per applicable state laws
Stamp Duty
As per applicable state laws
Field Visit Charges
Rs.250 per visit for EMI collection
Documentation Charges
Rs.2580/-
Repayment Swap Charges
Rs.500/-
Charges for providing physical Statement of Accounts/No due certificate - Once in six months
Nil
Charges for providing photocopy of documents
Rs.500/-
Charges for providing physical Statement of Accounts/No due certificate - More than once in six months
Rs.500/-
Charges for Mortgage Release/Cancellation
Rs.1,000/-
Credit Shield
As Applicable
Personal Accident Cover
As Applicable
Property Insurance
As Applicable
Switch Fee
One time charge of 0.25% on loan principal outstanding or Rs 5,000/- whichever is higher
*Goods and Services Tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)
• Application forms complete in all respects will be processed within 14 days from the date of receipt of application form.
• Wherever additional information / documentation is required to process the application form, the same shall be intimated to the customer within 14 days from the date of receipt of the application form.
• To make payments for the Loan via NEFT / RTGS, please contact your Home Branch – Branch Manager for further details
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