Apply for: Loan Against Property

I have read the Privacy Policy & Agree to T&Cs and authorise Dialabank & its partner institutions to Call or SMS me with reference to my application.

Loan against Property | Mortgage | Eligibility | Documents | Apply - Dialabank

Loan against property is a loan provided by the banks against the property of the borrower. The loan amount depends up on the value of the property. It is a secured loan and the customer needs to pledge its property as collateral. The property can be commercial as well as residential. By availing a loan against property, you can fulfill the requirement of finance.

If a person is not eligible for a personal loan due to low salary, he or she can easily take a loan against property.

Loan against property can be taken because of following reasons:

  1. To expand business
  2. For medical treatments
  3. For marriage
  4. For education expenses
  5. To fund dream vacation.

 

Check the eligibility criteria for Loan against Property:

  1. Any salaried or self-employed profile
  2. Monthly Income should be Rs.12, 000 or Net Annual Income (others) should be Rs.1, 50,000. One can add co-applicant to increase the loan eligibility. A co-applicant can be your spouse, parent, and brother.
  3. Maximum Age limit is 70 years.

 

Documents required

Salaried person Self-employed businessman Self-employed professionals
Latest salary slips Education qualification and proof of current business Education qualification and proof of current business
Form 16 Business profile - Last 3 years ITR Last 3 years ITR
Last 3 years profit/loss balance sheet
Application form with photograph
Last 6-month bank statement
Identity and address proof

 

Loan against Property Interest Rates

Check the interest rates for a loan against property offered by various banks in the country. Interest rates may vary as per the different profiles. Compare the interest rates and choose the best deal. Also, consider processing fees, part-payment charges, and foreclosure charges. For detailed information, apply online and get the assistance of Dialabank.

Here is the list of Interest Rates from various Banks:

Name Of The Bank Loan against property Interest Rates
State Bank Of India (SBI) 14.95%-15.20%
HDFC 12.65%- 12.90%
AXIS Bank 10.15%
ICICI Bank 13.25%
DHFL 10.50%- 11.50%
Bank Of Baroda 13.25% - 14.0%
Reliance Consumer Finance 10.50% - 11.50%
HSBC 10.75% - 12.00%
Citibank 10.75% - 11.75%

*Special Note: We do not provide a home loan or loan against property on B Khata Property.

Latest Articles

5 Things you must know about Home Loan Tax Benefits

2016 is the year of surprises and gifts. Rate cuts, cheaper loans, tax benefits have made this year great for home loan buyers. If you are also planning to buy a house, this is the right time. Whil read more

Save Thousands on your Mortgage Loan

If you are planning for a mortgage loan, then before going to market and shopping for it, have a look at this to do list before buying a mortgage loan.   Gather data from all the sou read more

Benefits of Home Loan in Tax Deductions

‘Income from House property’ is a separate head for the tax under section 22 to section 27 provided by the Income Tax Act. No matter you have borrowed money for construction of a new ho read more

Is It Time to Switch Home Loans?

A lot can change over few years. You might have more mouths to feed, want to save some money or be thinking about renovating or upgrading to a new property. So maybe your home loan doesn’t su read more

Looking for the best mortgage rates?

Shifting to your own house from a rented accommodation? Looking for the best mortgage rate? Remember, rates vary drastically from one lending institution to other so it would require a lot of resea read more