Loan Against Property
A loan against property is also a loan secured by property given as security. This collateral plus maybe a chunk of land, a house, or other business premises. The asset remains as collateral with the Bank till the complete quantity of the loan against the property has been repaid to the bank.
Banks offer easy and hassle-free Loans against Property for a loan amount starting from Rs.5 Lakhs.
Banks in the public and private sectors, small finance banks, regular rural banks, foreign banks in India, and non-banking financial companies (NBFCs) offer property loans.
Some banks to name a few are SBI Bank, ICICI Bank, HDFC Bank, IDFC First, Tata Capital, Axis Bank, Kotak Mahindra Bank, IIFL, DHFL, Poonawalla Fincorp, Karur Vysya Bank, Karnataka Bank, Deutsche Bank, PNB Housing, LIC Housing Finance, Yes Bank, IndusInd Bank and some other banks
Property interest rates may range between 8% – 25% per annum. You may get a loan tenure of up to 20 years.
Please check your EMI through the loan EMI Calculator.
You can also check your credit score through a credit score provider
**The above rates may change from time to time. Please check with your bank for the current interest rate.**Apply Now