Compare loan against property offers from bank experts
You keep using your property and borrow against its value. Because the loan is secured, rates are usually lower than for personal and business loans, and amounts and tenures are larger. The risk is that the bank can sell the property if you cannot repay, so borrow only what your income can support.
- Amount
- 10 Lacs to 10 Cr
- Tenure
- Often up to 15 to 20 years
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Personal Loan at a glance
| Loan amount | 10 Lacs to 10 Cr |
|---|---|
| Tenure | Often up to 15 to 20 years |
| Interest rate | Roughly 9% to 12% a year |
| Security | Yes, your property is mortgaged to the bank |
| Best for | Property owners who need large funds for business, education, medical or other needs |
Rates and terms are indicative and change often. Each bank decides the final offer based on your profile.
Who can apply
- You own a residential, commercial or industrial property with a clear title.
- Age usually between 21 and 65.
- Stable income or business profit that supports the EMI.
- A healthy credit score.
- Banks lend a share of the property value, often 50% to 70%.
Documents you may need
- Identity and address proof.
- Income proof: salary slips or ITR, and business papers if self-employed.
- Property title documents and the chain of ownership.
- Recent property tax receipts.
- Last 6 months of bank statements.
How to get a better deal
- The loan amount is based on the value the bank assesses, which can differ from your own estimate.
- Compare processing fees, valuation charges and legal charges, not only the rate.
- Ask whether part-payments are allowed and at what cost.
- Avoid using the money for speculative investments. Your property is the security.
Personal Loan questions
How much can I borrow against my property?
Banks usually lend a share of the assessed market value, often between 50% and 70%. Your income and existing loans also set the limit.
Can I use the money for anything?
Banks generally allow business, education, medical and personal needs. Some restrict speculative use, so confirm the allowed purposes with your expert.
Is the rate lower than a personal loan?
Usually yes, because the property secures the loan. The tenure can also be longer, which lowers the EMI.
Which properties do banks accept?
Most banks prefer residential or commercial property with a clear title. Some types, such as agricultural land, are often not accepted. Ask your expert about yours.