Overview
If you have a residential or commercial property owned by you, then you could use your property as collateral for your loan. This is a secured loan, which leverages the cash potential of your property.
What document is required
In case of Salaried- Latest 3 months salary slip / certificate for fixed salary / Latest Form 16
- Last 6 months bank statement/Passbook of the salary account
- Proof of Residence (Latest Electricity Bill, Utility bill, piped gas bill, telephone bill, Aadhar card, Passport, Voter ID, Driving License )
- Proof of identity (Valid passport, Voter’s ID, Valid Driving license with photograph, Pan card, Aadhar card)
- Copy of property paper to be mortgaged
- IT- returns for the last 2 years along with computation of income certified by CA
- Last 6 months Bank statement for operative account both personal and business
- Proof of Residence (Latest Electricity Bill, utility bill, piped gas bill, telephone bill, Aadhar card, Passport, Voter ID, Driving License)
- Proof of identity (Valid passport, Voter’s ID, Valid Driving license with photograph, Pan card, Aadhar card)
- Copy of property paper to be mortgaged
| Rate of Interest | : | 10.5% onwards |
| Processing Fees | : | 0 (NIL) |
| Max Loan | : | 60% of the Property Market Value |
| Tenure | : | 5 – 15 years |
| Other Information | : | Loan Against Property |
| Sanction TAT | : | 2 working days |
| Sanction Validity | : | 3 months* |
| Disbursement TAT | : | 7 days |
| Lock In period | : | 6 Months |
| Repayment / Foreclosure Charges (of Loan amt outstanding) | : | 0%** |
*Extended for additional 3 months
**In case of take over – 2% of the loan amount outstanding
| Rate of Interest | : | 9.5% onwards |
| Processing Fees | : | 0.50 – 0.75% of the Loan Amt (+ GST) |
| Max Loan | : | 50-65% of the Property Market Value |
| Tenure | : | Max 15 years |
| Other Information | : | Loan Against Property |
| Sanction TAT | : | 7-15 working days |
| Sanction Validity | : | 6 months |
| Disbursement TAT | : | 4 days |
| Lock In period | : | 0 |
| Repayment / Foreclosure Charges (of Loan amt outstanding) | : | 2% (Above 25% of o/s) |
| Rate of Interest | : | 10.5% onwards |
| Processing Fees | : | 0 (NIL) |
| Max Loan | : | 60% of the Property Market |
| Tenure | : | 5 – 15 years |
| Other Information | : | Loan Against Property |
| Sanction TAT | : | 2 working days |
| Sanction Validity | : | 3 months* |
| Disbursement TAT | : | 7 days |
| Lock In period | : | 6 Months |
| Repayment / Foreclosure Charges (of Loan amt outstanding) | : | 0%** |
*Extended for additional 3 months
**In case of take over – 2% of the loan amount outstanding
| Rate of Interest | : | 10.5% onwards |
| Processing Fees | : | 1% of the Loan Amt (+ GST) |
| Max Loan | : | 60% of the Property Market Value |
| Tenure | : | 1 – 15 years |
| Other Information | : | Loan Against Property |
| Sanction TAT | : | 7 working days |
| Sanction Validity | : | 3 months |
| Disbursement TAT | : | 2 days |
| Lock In period | : | 0 |
| Repayment / Foreclosure Charges (of Loan amt outstanding) | : | 0% |
| Rate of Interest | : | 10.5% onwards |
| Processing Fees | : | 1% of the Loan Amt (+ GST)c |
| Max Loan | : | 3 Cr (50% of the Property Market Value)c |
| Tenure | : | 1 – 12 years |
| Other Information | : | Loan Against Property |
| Sanction TAT | : | 3 working days |
| Sanction Validity | : | 15 months |
| Disbursement TAT | : | 2 days |
| Lock In period | : | 1 year |
| Repayment / Foreclosure Charges (of Loan amt outstanding) | : | 4% |