Unlock Your Property's Value

Loan Against Property - Get Higher Funds at Lower Rates

Use your residential or commercial property as collateral to get loans up to 70% of property value at interest rates starting from 9.5% p.a. Flexible tenure up to 15 years.

Calculate Loan Amount Check Eligibility
Loan Against Property

Why Choose Loan Against Property?

Unlock the value of your property for various financial needs

Longer Repayment

Tenure up to 15 years for comfortable EMI

End Use Flexibility

Funds can be used for any personal or business need

Higher Loan Amount

Up to 70% of property value with flexible tenure

Lower Interest Rates

Lower than personal loans, starting from 9.5% p.a.

Loan-to-Value Ratio

Based on property valuation

70%
Up to 70%

of property value

Loan amount determined by property valuation, location, legal clearances, and borrower's repayment capacity.

Property Valuation Calculator

Estimate how much loan you can get against your property

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Your Loan Eligibility

Maximum Loan Amount

$0
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Property Value $0
Loan-to-Value Ratio 70%
Monthly EMI $0
Total Interest $0

*Loan amount subject to property valuation, legal clearance, and borrower's repayment capacity. Processing fee: 1-2% of loan amount.

Types of Properties Accepted

We accept a wide range of residential and commercial properties as collateral

Residential Properties

Self-occupied or rented residential properties

Villas
Apartments
Independent Houses

Loan-to-value: Up to 70%

Industrial Properties

Factories, warehouses, and industrial plots

Godowns
Factories
Warehouses

Loan-to-value: Up to 60%

Vacant Plots

Residential and commercial plots with clear titles

Residential Plots
Agricultural Land*
Commercial Plots

*Subject to conversion status

Hospitality Properties

Hotels, resorts, and guest houses

Guest Houses
Hotels
Resorts

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Institutional Properties

Schools, hospitals, and nursing homes

Schools
Clinics
Hospitals

Special approval required

Commercial Properties

Office spaces, shops, and commercial complexes

Office Spaces
Showrooms
Retail Shops

Loan-to-value: Up to 65%

Common Uses of Loan Against Property

Flexible end-use for personal and business requirements

Wedding Expenses

Fund wedding ceremonies, receptions, and related expenses

Debt Consolidation

Consolidate high-interest debts into one manageable loan

Education Funding

Finance higher education for children or professional courses

Business Expansion

Fund working capital, purchase inventory, or expand operations

Medical/Travel

Fund medical treatments or international travel

Home Renovation

Renovate or repair existing residential property

Loan Against Property Eligibility

Applicant Age

25 - 70 Years

Minimum Income

$30,000 p.a.

Credit Score

700+ Preferred

Property Age

Up to 30 Years*

*Subject to property condition
Property Requirements:
  • Clear and marketable title
  • No existing mortgage (or subordination possible)
  • Properly registered property
  • Approved building plan (for constructed property)

Property valuation done by bank-approved valuers. Legal verification mandatory.

Required Documents

  • Business Registration Certificate
  • Audited Financials (last 2-3 years)
  • Partnership Deed/MOA & AOA
  • GST Registration & Returns

  • Sale Deed/Title Deed
  • Property Tax Receipts (last 3 years)
  • Approved Building Plan
  • Encumbrance Certificate (last 13 years)
  • No Objection Certificate (if applicable)

  • PAN Card & Aadhaar Card
  • Address Proof (Utility Bill/Passport)
  • Income Proof (Salary slips/ITR)
  • Bank Statements (last 6 months)

Loan Against Property Interest Rates

Competitive rates based on property type, location, and applicant profile

Property Type Loan Amount Interest Rate Range Processing Fee Maximum Tenure Loan-to-Value
Residential (Self-occupied) $50K - $5M 9.5% - 11.5% p.a. 1% - 2% 15 Years Up to 70%
Residential (Rented) $50K - $5M 10.0% - 12.0% p.a. 1% - 2% 15 Years Up to 65%
Commercial (Office/Shopping) $100K - $10M 10.0% - 12.5% p.a. 1.5% - 2.5% 12 Years Up to 65%
Industrial (Factory/Warehouse) $200K - $15M 10.5% - 13.0% p.a. 1.5% - 2.5% 10 Years Up to 60%
Vacant Plot (Residential) $50K - $2M 11.0% - 13.5% p.a. 2% - 3% 8 Years Up to 50%
Hospitality (Hotel/Resort) $500K - $20M 11.5% - 14.0% p.a. 2% - 3% 10 Years Up to 60%

Rates vary based on property location, borrower's credit profile, income stability, and relationship with Prime Capital. Lower rates available for existing customers and prime properties in metro cities.

Apply for Loan Against Property

Unlock the value of your property for your financial needs

Personal Details
Property Details
Loan Details

Our loan against property specialist will contact you within 24 hours to discuss your application and schedule property valuation

Loan Against Property FAQs

Common questions about property mortgage loans

Yes, you can get a top-up loan or a fresh loan against property even if there's an existing home loan. However, the total loan amount (existing home loan + new LAP) cannot exceed the maximum loan-to-value ratio. You'll need to get a No Objection Certificate from the existing lender, and they may need to subordinate their charge.

Yes, tax benefits are available if the loan is used for specific purposes. Under Section 37(1) of the Income Tax Act, if the loan is used for business purposes, the interest is deductible as a business expense. If used for house construction or purchase, deduction under Section 24(b) may be available up to $2,000 on interest. For other personal uses, no specific tax benefits are available.

In case of default, we first work with you to find solutions like restructuring the loan or offering temporary relief. If defaults continue, we may initiate recovery proceedings as per the SARFAESI Act, which may include taking possession of the mortgaged property. However, we always try to avoid such situations and work with borrowers facing genuine difficulties.

The processing typically takes 7-15 working days from application to disbursement, depending on document completeness and property verification. The steps include: 1) Application & document submission (1-2 days), 2) Property valuation (2-3 days), 3) Legal verification (3-5 days), 4) Credit appraisal (2-3 days), and 5) Documentation & disbursement (1-2 days).

Yes, you can prepay your loan against property. For floating rate loans, you can prepay after 6 months with no charges. For fixed rate loans, a prepayment charge of 2% may apply if prepaid within the first 3 years. No charges apply after 3 years. We recommend checking your loan agreement for specific prepayment terms.

Property valuation is done by bank-approved valuers who consider factors like location, property age, construction quality, market value, and legal status. The valuation includes physical inspection, document verification, and market analysis. The loan amount is based on the lower of the market value or registered value, subject to the loan-to-value ratio.

Unlock Your Property's Value Today!

Our property loan specialists are ready to help you get the funds you need at competitive rates with flexible repayment options.

Call Property Loan Desk: +86 178 9035 4691 Get Property Valuation