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Your friend in need is your property indeed. Unlock the power of your property by availing an easy loan against your residential or commercial property!

With speedy approvals and flexible repayment options, choose our loan against property for business expansion and realise the true value of your property.
Loan Against Property to suit your requirement:
Eligibility
Salaried, Self Employed Professionals & Self Employed Non Professionals.
Purpose
Business Expansion, Balance Transfer & Top UP.
Loan Size & Tenure
From 10 Lacs upto 300 Lacs for a tenure from 3 years upto 15 years.
Loan Takeovers & Top up
Balance Transfer your existing loans with an additional loan amount.
BENEFITS
Flexible repayment
options
Door Step Service
Speedy Approval
Easy Documentation
Interest Rate
Loan against property
Type of Loan Segment Effective Rate Of Interest (p.a.) linked to MCLR / External Benchmark Rate
Fixed Micro LAP & Agri 12% - 24%**
Fixed or Hybrid# Others 10.00% - 20.00%*

# Hybrid: Fixed for 3 years and 6 months and thereafter floating interest rate

* Market Linked Benchmark (MLB): External Benchmark Rate is arrived based on FBIL 12 Month T-Bill Rate. FBIL is an external rate benchmark published by Financial Benchmark India Private Ltd. Rate is published at http://www.fbil.org.in/securities?op=tbillcurve&mq=o.

** Interest rate is linked to MCLR

Charges

Charges Details of Charges
Processing Fees Upto 2%
Admin Fee 0.15%
Login Fee (Non-refundable and part of processing fees) Rs. 2000/-
CERSAI Charges Rs 50/- for all loans up to Rs 5 Lakhs and Rs 100/- for all other loans
Part Pre-Payment Charges (Fixed ROI period) 3% on the Prepaid amount
Part Pre-Payment Charges excluding corporate borrowers (Floating ROI period) Nil
Foreclosure Charges (Fixed ROI Period) Own fund 3% Switch fund 5% (BT to other institution) (on the future principle amount)
Foreclosure Charges excluding corporate borrowers (Floating ROI Period) Nil
Cheque Bouncing Charges Rs.500/-
Delayed Payment Charges 36% per annum for the delayed days from EMI bounced date till the date of payment
Field Visit Charges Rs. 250 per visit for EMI collection
Documentation Charges Rs. 1150/-
PDC Swap Charges Nil
Charges for providing photocopy of documents Rs. 500/-
Charges for providing statement of accounts Nil
*Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)
Mean rate and Interest rate range for the quarter July - September '18
Segment Mean interest rate Interest rate range
Min Rate (in %) p.a. Max Rate (in %) p.a.
Loan against property 21.59% 10.00% 24.00%
•Mean rate = Sum of rate of interest of all loan accounts / Number of all loan accounts.
Annualised Percentage Return (APR) for the quarter July - September '18
Segment Min Rate (in %) Max Rate (in %)
Loan against property 10.50% 26.00%