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Loan Against Property

Loan Online ComaprisionComparision
Banks Interest Rate(%) Processing Fee Range Loan Amount Tenure Range  
Canara Bank
Canara Bank
9.65% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
HDFC Bank
HDFC Bank
10.35% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
State Bank of India
State Bank of India
10.65% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
ICICI Bank
ICICI Bank
10.65% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Standard Chartered Bank
Standard Chartered Bank
10.75% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Citi Bank
Citi Bank
10.75% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
IDBI Bank
IDBI Bank
10.75% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Deutsche Bank
Deutsche Bank
10.75% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Central Bank
Central Bank
10.75% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
HSBC Bank
HSBC Bank
10.75% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
DHFL
DHFL
10.75% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Indiabulls
Indiabulls
11% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
LIC Housing Finance
LIC Housing Finance
11% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Aditya Birla Finance
Aditya Birla Finance
11% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Edelweiss Group
Edelweiss Group
11% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Bank of India
Bank of India
11% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Tata Capital
Tata Capital
11% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Magma Housing Finance
Magma Housing Finance
11% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Kotak Mahindra Bank
Kotak Mahindra Bank
11% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Cholamandalam Finance
Cholamandalam Finance
11% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Bajaj Finance
Bajaj Finance
11% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Uco Bank
Uco Bank
11% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Reliance Capital
Reliance Capital
11% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
PNB Housing Finance
PNB Housing Finance
11.25% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Axis Bank
Axis Bank
11.60% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
DCB Bank
DCB Bank
13.50% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Yes Bank
Yes Bank
14% 0.25% Min 1 Lac - Max 25 Lac 10 - 15 Years Get QuoteRequired Documents
Loan Online OverviewOverview

Loan Against Property

Your home builds value both emotionally and economically with time. With MyFundBucket Loan Against Property you can leverage the economic worth of your home while continuing to enjoy occupancy of the same, so that you get immediate finance to meet a variety of personal and business needs.

We offer two variants of Loan against Property :

  • Loan Against Residential Property/ Plot
  • Loan Against Commercial Property/ Plot

Silent Features

  • Loans against fully constructed, freehold residential and commercial properties for:
    • Business Needs
    • Marriage, medical expenses and other personal needs
    • Transferring your outstanding loan availed from another Bank / Financial Institution
  • Longer tenure, smaller EMIs.
  • Attractive interest rates.
  • Easy and hassle free documentation.
  • Simple repayments through monthly installments.
  • Integrated branch network for availing and servicing the loan anywhere in India.

Eligibility Criteria

  • Property Value
  • Repayment Capacity
  • Assets
  • Liabilities
  • Age
  • Legal & Technical Clearance of Property Title

The above criteria are subject to change from time to time

Documents Required

Following are the documents you would need to submit for all applicants / co-applicants along with the completed and signed Application Form for loan approval:

  • Proof of both identity and residence (any 1)
    • Valid Passport
    • Voter ID Card
    • Aadhaar Card
    • Valid Driving Licence
  • Proof of income
    • PAN Card
    • Last 3 months' Salary Slips
    • Last 6 months' Bank Statements, showing salary credits
    • Latest Form-16 and IT returns
  • Other documents
    • Employment Contract / Appointment Letter in case current employment is less than 1 year old.
    • Last 6 months' Bank Statements showing repayment of any ongoing loans.
    • Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across.
    • Cheque for processing fee
    • Declaration and documents clearly stating the end use of the loan
    • Own Contribution Proof
  • Property related documents
    • Title Deeds including the previous chain of the property documents
    • Proof of no encumbrances on the property
    • Approved plan if applicable
Loan Online FAQFAQ's

Q. What is a loan against property?

Ans. A loan against property (LAP) is exactly what the name implies -- a loan given or disbursed against the mortgage of property. The loan is given as a certain percentage of the property's market value, usually around 40 per cent to 60 per cent.

Loan against property belongs to the secured loan category where the borrower gives a guarantee by using his property as security.


Q. What purposes can I take a loan against property for?

Ans. Loan against Property can be taken for following purposes:

  • Expanding your business
  • Getting your son/daughter married
  • Sending your son/daughter for higher studies abroad
  • Funding your dream vacation
  • Funding medical treatments

Q. What kind of properties can I mortgage for a loan?

Ans. You can normally take a loan against your self-occupied or rented residential property. This could be a house or even a piece of land.


Q. What are the eligibility criteria to get a loan against property?

Ans. This criteria will vary from one bank to another. However, from all the host of factors, the common factors that all banks look at are:

  • Your income, savings, debt obligations
  • Cost/value of the property mortgaged
  • Your repayment track record for other loans, credit cards, etc.

Q. What are the normal interest rates and tenure for repayment offered for a loan against property?

Ans. Interest rates on loan against property range from 12 per cent to 15.75 per cent, and the loan tenure can be up to 15 years.

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