Loan against property
Unlock the value of property you already own for business expansion, education, a wedding, medical costs or to close expensive loans. You keep using the property while it is mortgaged, and the rate is usually far lower than a personal or business loan.
What you can use it for
- Working capital or expansion for your business
- Higher education in India or abroad
- A wedding or other family occasion
- Closing high-interest personal loans and credit card debt
Who it suits
- Business owners and traders with ITR and bank statements
- Salaried individuals who own property
- Doctors, CAs, architects and other professionals
- Co-owners of a property applying together
Eligibility
General guidelines. Each bank has its own policy, and we match your profile to the bank most likely to approve it.
| Ownership | Property in the name of the applicant or a co-applicant |
|---|---|
| Income | Regular income shown in salary slips or ITR |
| Title | Clear, marketable title with approved construction |
| Credit history | Regular repayment of existing loans and cards |
- Original title documents and full chain of the property
- Latest property tax or UD tax receipt
- Statement of any existing loan on the property
Questions
Can I keep living in or using the property?
Yes. Only the papers are held by the bank. You continue to live in, use or rent out the property as before.
Is it cheaper than a personal loan?
Usually yes, by a wide margin, because the loan is secured by property. Tenure is also much longer, so the EMI is lower.
My property already has a home loan. Can I still borrow?
Often yes, through a top-up on the existing loan or a balance transfer with a top-up. We will check which route costs you less.
Other loans
Talk to Mukesh Kumar
Share the property details and your income. You will know your likely eligibility and the right bank in the same call.
