Loan against Property Check Eligibility, Compare Loans and Apply Online Now

Updated: Aug 30,2019 17:11 IST

Loan against Property is provided by different banks and non-banking finance companies. Loan against Property comes under personal loans. Loan against Property is given or disbursed against the mortgage of the property. More details on Loan against Property is given in the content below.

Overview on Loan against Property 

With number of financing services provided by banks and NBFCs, Loan against Property is is one of the major loan provided under personal loan category. The loan acquired can be used for any personal needs and the loan is approved against pledging of the property owned. The loan is approved for certain percentage of the market value, mostly 40% to 60% of the commercial property value. Loan against Property is a better option of loan as the rate of interest is low. The repayment of loan is also very convenient in Loan against Property. Loan against Property is offered for different types of properties and details for the same are explained below.

What are the Documents Required for Loan against Property in case of Salaried Applicants?

In order to avail Loan against property, both banks and NBFCs require certain documents as proof for loan approval as nothing gets done without paper works. Documents required to obtain Loan against property for salaried and self employed applicants varies slightly. The documents which are required in case of salaried applicants are given below.
  • Proof for photo identity: Any one of the following documents - Passport, PAN Card, Voters ID, Driving License
  • Any one of the following as Residence Address Proof - Passport, Ration Card, Utility Bill
  • Any one of the following as Residence Ownership Proof - Property Documents, Maintenance Bill, Electricity Bill
  • Income Proof - Latest 3 months salary slip and Form 16
  • Job Continuity proof
  • Last one year Bank statement

What are the Documents Required for Loan against Property in case of Self Employed Applicants?

For the self employed applicants, there will be separate set of documents required as proof. For self employed businessmen and self employed professions, most of needed documents are the same. But for self employed professions, he/she should submit the below list of documents along with certificates that prove their educational qualifications. Following are the documents required.
  • Proof for photo identity: Any one of the following documents - Passport, PAN Card, Voters ID, Driving License
  • Any one of the following as Residence Address Proof - Passport, Ration Card, Utility Bill
  • Any one of the following as Residence Ownership Proof - Property Documents, Maintenance Bill, Electricity Bill
  • Office Address Proof and Ownership Proof
  • Business Existence Proof
  • Last one year Bank statement

What are the Types of Properties that can be Pledged for Loan against Property?

Loan against property with the name by itself has the complete meaning. One is provided with loan against their property which is pledged. It is also called Mortgage loans.There are different type of property that can be pledged in order to avail the Loan. The list of property that can be pledged for Loan against property are given below.
  • Self Occupied Residential Property
  • Rented Residential Property
  • Vacant Residential Property
  • Self Occupied Residential Property
  • Self Occupied Commercial Property
  • Residential Plots
  • Rented Commercial Property

Who are Eligible to Obtain Loan against Property?

Loan against Property by different loan providers has different eligibility criteria. The following are the one who are eligible to apply for the loan against property. 
  • Salaried individuals
  • Self Employed Individuals
  • Proprietorships
  • Partnerships
  • Limited Liability Partnerships
  • Private Limited Companies
  • Limited Companies

State Bank of India Loan against Property 

Personal purpose loan against mortgage of your residential and/or select commercial property. A multi-purpose loan to meet the funds on various expenditures like education, marriage, healthcare etc. A simple undertaking in the application itself and no documentary evidence for end use of the fund to be insisted upon. Employees, professionals and Self employed individuals who are IT assesses and NRIs who own residential property or commercial property in his/her own name or in the name of spouse/children/parent/sibling. The advantage of SBI Loan against Property is listed below:
  • Complete transparency in operations
  • Personal loan to individual owners of residential home/flat and select commercial properties
  • Access this loan from our wide network of branches
  • Interest rates are levied on a daily reducing balance method
  • Lowest processing charges.
  • Rental income in select cases also considered for loan eligibility.
  • No prepayment penalties. You can have surplus funds at any time thereby conveniently reducing your loan liability and interest burden.

ICICI Bank Loan against Property 

Loan against property provided by ICICI is the perfect way to unlock the hidden value of your property. This multi-purpose loan puts funds at your disposal to use as per your wish. And the best part is that the loan is available at a reasonable rate which makes it easy to repay comfortably over as many as 15 years. Loan Against Property can be used for many purposes such as for the expansion of your business, children's marriage, for higher studies, funding a dream vacation, etc. Funds can be availed for number of purposes like Starting a new business, Long term working capital, Funding children's higher education, Repaying your high interest debts, etc. The features of Loan against property by ICICI are 
  • Attractive interest rates
  • Tenure upto 15 years
  • Faster processing
  • Loan against commercial / residential property

Tata Capital Loan against Property

Your property is one of your greatest assets. It also holds the key to make your dreams come true. Tata Capital's Loans against Property gives you the power to use your residential, commercial or alternate property to fund your dreams. So you don't have to wait to turn them into reality. The advantages are listed below
  • Loan amount ranging from Rs. 5 lakh
  • Flexible loan tenure
  • Easy repayment options
  • Quick and easy processing
  • Floating and fixed interest rates

General Related News

Tomorrow Share Market Open or Not in India: Check Share Market Opening, Closing Time Here

23 hours ago
Tomorrow Share Market Open or Not - One of the major questions among the new traders is whether Tomorrow Share Market Open or Not. Another major question comes on the special days ....

DRDO Recruitment 2021, 150 Vacancies Notified at drdo.gov.in Recruitment 2021 check eligibility details for DRDO GTRE Apprentice 2021 Recruitment

8 days ago
DRDO Recruitment 2021 Free Job alert for both Fresher and Experienced Candidates for January, 2021. Defence Research & Development Organization DRDO - Gas Turbine Research ....

Ileana DCruz answers for the question How to care for a girl during her Period

75 days ago
Ileana D'Cruz answered a query of a fan, in the most hilarious way possible, in her recent Instagram chat. Her reply to the tricky question caught the eyes of the girls!!!

CISF ASI Recruitment 2021 Apply for 690 CISF ASI Vacancies at www.cisf.gov.in, Qualification, Salary, Eligibility Criteria, Job Notification

104 days ago
CISF ASI Recruitment 2021 Central Industrial Security Force (CISF) has advertised for recruitment to the post of CISF Assistant Sub Inspectors through Limited Departmental Competitive ....

Centre moves to eliminate Lymphatic Filariasis

150 days ago
Dr. Harsh Vardhan, Union Minister for Health & Family Welfare inaugurated a one day National Symposium on 30 October. The theme of the symposium is United to Eliminate Lymphatic ....

Aadhar Card Update - How to Update/Correction Aadhaar Card Name, Address, DOB, Mobile Number Details Online at UIDAI

229 days ago
Aadhar Card Update or Update Aadhaar: Know detailed Aadhar Card Update Procedure about How to Update/Correction Aadhaar Card Name, Address, DOB, Mobile Number Details Online at ....

Sardar Patel Scholarship 2020 - Apply Online for Sardar Vallabhai Patel Scholarship 2020 for Student Pursuing Graduation

272 days ago
Sardar Patel Scholarship 2020 for Students Pursuing Graduation: Buddy4Study India Foundation’s Sardar Patel Scholarship 2020 for Student Pursuing Graduation should be applied ....

Aadhar Card Download: How to Download Aadhaar Card Online and Print out e-Aadhaar at UIDAI.gov.in

286 days ago
Aadhar Card Download - Step by Step Procedure to Download Aadhaar Card by Name, DOB, Entrollment Number, Mobile Number or Without Mobile Number at UIDAI Website. UIDAI is an easier ....

Check Aadhar Card Status Online at UIDAI, Enquiry Aadhar Card Update Status

290 days ago
Aadhar Card Status: Aadhaar Card Status reveals the position of your Aadhar Card application, Check Aadhar Card Update Status by Name, Phone Verification Online and any time after ....

Chandra Grahan 2020: Chandra Grahan Lunar Eclipse on June 5, Chandra Grahan Date, Timing in India

322 days ago
Chandra Grahan 2020: The second 2020 Chandra Grahan Lunar Eclipse is set to take place on June 05. The first lunar eclipse took place on 10th January earlier year. On 5th June ....

Trending News

Covid-19 Epass Nashik: How to Apply e pass for Lockdown Nashik Registration Form @ covid19.mhpolice.in? Apply Online and Check epass Nashik Status

15 hours ago
Covid-19 E pass nashik district: How to Applye pass nashik district @ covid19.mhpolice.in. Maharashtra Government providing e pass for Lockdown nashik distric @ Covid19 mhpolice.in. ....

WatchCartoonOnline 2021 - Download WatchCartoonOnline HD English Movies, Latest WatchCartoonOnline Movies News at WatchCartoonOnline in

22 hours ago
WatchCartoonOnline 2021: WatchCartoonOnline is a piracy website to download Indian Movies HD, Hindi Movies, WatchCartoonOnline Telugu Tamil online illegally for Free to its users. ....

Tomorrow Share Market Open or Not in India: Check Share Market Opening, Closing Time Here

23 hours ago
Tomorrow Share Market Open or Not - One of the major questions among the new traders is whether Tomorrow Share Market Open or Not. Another major question comes on the special days ....

KimCartoon 2021 - Download KimCartoon HD English Movies, Latest KimCartoon Movies News at KimCartoon in

3 days ago
KimCartoon 2021: KimCartoon is a piracy website to download Indian Movies HD, Hindi Movies, KimCartoon Telugu Tamil online illegally for Free to its users. KimCartoon website allows ....

WatchSeries 2021 - Download WatchSeries HD English Movies, Latest WatchSeries Movies News at WatchSeries in

3 days ago
WatchSeries 2021: WatchSeries is a piracy website to download Indian Movies HD, Hindi Movies, WatchSeries Telugu Tamil online illegally for Free to its users. WatchSeries website ....

AnimeStory 2021 - Download AnimeStory HD English Movies, Latest AnimeStory Movies News at AnimeStory in

3 days ago
AnimeStory 2021: AnimeStory is a piracy website to download Indian Movies HD, Hindi Movies, AnimeStory Telugu Tamil online illegally for Free to its users. AnimeStory website allows ....

Toonova 2021 - Download Toonova HD English Movies, Latest Toonova Movies News at Toonova in

3 days ago
Toonova 2021: Toonova is a piracy website to download Indian Movies HD, Hindi Movies, Toonova Telugu Tamil online illegally for Free to its users. Toonova website allows its users ....

CartoonExtra 2021 - Download CartoonExtra HD Cartoons, Latest CartoonExtra News at CartoonExtra in

3 days ago
CartoonExtra 2021: CartoonExtra is a piracy website to download Indian Movies HD, Hindi Movies, CartoonExtra Telugu Tamil online illegally for Free to its users. CartoonExtra website ....

BakaBT 2021 - Download BakaBT HD Cartoons, Latest BakaBT News at BakaBT in

3 days ago
BakaBT 2021: BakaBT is a piracy website to download Indian Movies HD, Hindi Movies, BakaBT Telugu Tamil online illegally for Free to its users. BakaBT website allows its users ....

CartoonNetwork 2021: CartoonNetwork Illegal Movies HD Download Website

3 days ago
CartoonNetwork 2021: CartoonNetwork is a piracy website to download Indian Movies HD, Hindi Movies, CartoonNetwork Telugu Tamil online illegally for Free to its users. CartoonNetwork ....

Home Loan


FreshersLive - No.1 Job site in India. Here you can find latest 2021 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.
DMCA.com Protection Status