Loans
Mortgage Loans
A Mortgage Loan (also called a Loan Against Property) is a secured loan where you pledge residential, commercial, or industrial property as collateral. The loan amount is a percentage of the property's market value, and you can use the funds for multiple purposes.
Key Benefits:
High Loan Amounts - Up to 60–75% of property value
Lower Interest Rates - Compared to personal loans
Longer Repayment Tenure - Up to 15–20 years
Continue Using the Property - Ownership and use stay with you
Flexible Use of Funds - No restriction on end use (except for speculative purposes)
Eligible Properties:
Residential (self-occupied or rented)
Commercial (offices, shops, etc.)
Industrial buildings (case-by-case basis)
Leasehold properties with clear documentation
Loan Details:
| Feature | Details |
|---|---|
| Loan Amount | ₹1 lakh – ₹2 crores+ (depending on property) |
| Tenure | Up to 15–20 years |
| Interest Rate | Starting from 9%–12% p.a. |
| Loan-to-Value (LTV) | Up to 60%–70% of property value |
| Processing Fee | 0.5% – 1% of the loan amount |
| Prepayment Option | Available with/without charges |
Eligibility Criteria:
Clear title and ownership of property
Age: 21–65 years
Good credit history
Stable income source to repay EMIs
Property located in bank-approved areas
Required Documents:
Personal Documents:
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ID and address proof
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PAN card
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Income proof (salary slips, ITRs, bank statements)
Property Documents:
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Registered title deed
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Approved building plan
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Tax receipts or utility bills
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Encumbrance certificate