Loan Against Property
What is the most important
thing to achieve success in your life ?
Quite simple,the important thing is nothing
but is to dream, a vision, passion for
success. And when you have a dream, the next
challengecomes to is how to achieve it. Loan
Against Property is a tool which helps you
in fulfilling you that dream.
So go on and keep on dreaming. While you
make your plans, allow us to make surethat
they reach their deserved heights.
In Loan against property the a borrower
needs to mortgage his/her property as a
collateral security towards the loan he/she
is looking for.The collateral property
offered should be freehold (earliar few
banks used to lend against leasehold or
power of attorney basis also,but not now).
The property should be situated in the
municipal limits of a city.Loan against
property are also known as a multipurpose
loan where one can use the funds to expand
or start ones business, purchase/renovate a
property, debt consolidation i.e. To
consolidate multiple EMI’s into one single
loan, emergencies, education, plan a dream
wedding, and the list goes on.
Loan against property is given against
residential & commercial properties and are
funded upto a maximum of 60% of the market
value of the property.
The Loan amount is determined by a
credit(CIBIL) check of the profile of the
borrower & considering his repayment
capacity . Nowadays when there a time of
high competition there are various products
of different banks and NBFCs where the
borrowers can get a higher loan amount as
compared to their income.
Loans up to Rs. 15 crore*
2.Tenor of up to 15 years
3. Simple documentation
4. Attractive interest rates
5. Loan transfer and topup
6 . Lowest processing fee
7. No hidden charges
You can also transfer your existing loan
against residential property from another
bank to .
• Fees & Charges
A processing fee of 0.50% to 1% will
There will be no pre-payment charges up to a
maximum of 25% of your outstanding loan,
once, every financial year.
A pre-payment charge of 4% shall be levied
for amount in excess of 25%.
1. Lease Rental
These are loans where the loan is given to
the borrower on the basis of monthly rental
received or receivable by him against the
property offered to be mortgaged. Banks take
an installment equivalent to 90 percent of
the net of the rental received every month &
give a loan for the period for which. Rent
deed/lease is executed.
Term Loan :
Here the borrower pays a fixed monthly
installment towards the repayment of the
loan . The longer the tenure the lesser the
monthly installment borrower needs to pay.
Term loans are best for:
Any Personal Expense Such As Foreign Tour,
Marriage or Children Education
3. Loan for Commercial Purchase (LCP) :
These are loans which the borrower takes for
the purchase of a commercial property. These
loans are given against the mortgage of the
property the borrower wishes to buy. These
loans are generally capped upto 50 to 60
percent of the market value or 65 – 80
percent of the registry value of the
property which ever is lower.
Dropline Overdraft Facility:
This is a new generation overdraft facility
in which both the features of Term Loans &
Overdraft Facility, are available. these
limits can be for a period of 10 years where
the drawing power of the borrower is reduced
on month on month basis. These limits do not
have a yearly renewal charge but it has a
one time processing fees. This products
helps the borrower to get out of debts in a
planned way.These are only offered to self
employed persons or companies. DOD are best
for Manufactures, traders & retailers where
booking capital requirement is needed for
day to day transactions.
DOD don’t require a charge to be made on
your stocks book debts, it also does not
require any quarterly or half yearly audits
of the stock.