Mortgage loan or loan against property means the borrower takes a loan which is secured against his current residential or commercial property. The benefit of mortgage loan is that it considers the market value of the property as on date. As such, the borrower can get higher amounts of loan. Best is, the loan money can be used to meet financials requirements of any kind.
Enjoy competitive interest rates and customised options with the hassle-free processing on loans against property.
What purposes can I take a loan against property?
Loan against Property can be taken for following purposes:
Expanding Your Business
Getting your son/daughter married
Sending your son/daughter for higher studies abroad
Funding your dream vacation
Funding medical treatments
Loan Amount & Loan Tenure
10 Lac to 30Crore
Decided on Market Value of Property
Decided on repaying capacity of the borrower basis income documents
5 yrs to 15 yrs
Loan Against Property To
Salaried Individual
Self Employed Individual
Professional Individual
NRI's
Loan Against Property FAQ
Any loan against a residential or commercial property can be used for both personal and Business purposes. In fact, you can use it for anything other than speculative or non-prohibitive activities..
Processing fee for loan against any property varies from bank to bank and is generally around 1 percent.
You can apply for a loan in the following ways:
Fill in the online details and our representative will get in touch with you
Call one of our Phone Banking numbers provided on the website
Visit your nearest branch
Our existing liability customers may also get in touch with their Relationship Managers to know more and apply for LAP
