Loan Against Property Eligibility Criteria

Some of the Elgibility Criteria when applying for a Loan Against Property Are As Follows

Income
  • Age (min. 21 years)
  • Property Valuation
  • Existing Liabilities (if any)
  • Current Work Experience
  • Financial Documents
  • Number of Dependants

    • The eligibility for LAP is calculated on basis of either the percentage of property value that you own and the amount of income you have to enable you to return the EMI on the Loan. So you can get Loan against property upto annex % of property value and the net amount that you earn after other EMI has been deducted from your net income

    Loan against Property is given on the below mentioned property types and the percentage of loan you can get is given below:

    Home Construction Loan
    This type of loan is taken when the borrower wants to construct a new home on a given plot of land.

    Home Loan Advantage
    This type of home loan is linked to a current account thereby reducing your interest outflow depending on your idle balance in your bank accounts

    Find the latest interest rates and compare home loans now.

    Product Loan AMT Rate of Intrest P.F Salaried PF Self Employed
    HSBC Home Loan 1 Cr + 10.20 – 10.50 % 10000 + ST 0.25% + ST
    HSBC Loan Against Property (Balance Transfer) > 25 Lakh 11.75% 0.25% + ST
    25 – 50 Lakh 11.40% 0.25% + ST
    50 – 1.5 Cr 11.25% 0.25% + ST
    SCB Home Loan (Balance Tranfer) 1 Cr + 10.25% 10000 + ST 0.25% + ST
    Loan Against Property 12.00-12.50%
    CITI Home Loan 1 Cr + 10.25% 10000 + ST 0.25% + ST
    Loan Against Property 12.00- 12.50 % 1% + ST
    Axis Home Loan 10.50% 10000 + ST 0.25% + ST
    Loan Against Property 12.50 – 13.00 % 1% + ST
    Deutsche Home Loan 1 Cr + 10.15 – 10.25% 0.1% + ST 0.2% + ST
    Loan Against Property 1 Cr + 11.50 – 12.50 % 1% + ST 1% + ST
    Reliance Home Loan 11.25% 1% + ST
    Loan Against Property 13.00 – 13.50% 1% + ST
    IndiaBulls Home Loan >25 Lakh 10.15% 5000 + ST 1 – 1.15%
    < 25 – 75 Lakh 10.75% 5000 + ST 1 – 1.15%
    < 75 Lakh 11% 15000 + ST 1 – 1.15%
    IndiaBulls LoanAgainst Property 13% – 13.5 1 – 1.15%
    PNB Housing Finance Ltd. (Fixed) 10 Yrs (SAL) Home Loan >50 Lakh 10.75% 0.5% + ST 0.5% + ST
    PNB Housing Finance Ltd. (Fixed) 10 Yrs (SAL) Home Loan 11.00% 0.5% + ST 0.5% + ST
    PNB Housing Finance Ltd. (Fixed) 10 Yrs (SE) Home Loan 11.00-11.25% 1% + ST
    PNB Housing Finance Ltd. (Fixed) 10 Yrs (SE) Loan Against Property 13.25% 1% + ST
    PNB Housing Finance Ltd. (Fixed) 10 Yrs Commercial Purchase 12.75% 1% + ST
    PNB Housing Finance Ltd. (Fixed) Loan Against Property 12.50 – 13.00 % 1% + ST
    Edelweiss Home Loan 10.50% 0.5% + ST 0.5% + ST
    Loan Against Property 12.50 – 13.00 % 1% + ST
    Religare Loan Against Property 13.50% 1% + ST
    DCB LAP/OD 12.50 – 13.00 % 1% + ST
    ICICI Home Loan 10.25% – 10.50% 0.5% + ST 0.5% + ST
    Loan Against Property 12.50% 1% + ST
    DHFL Home Loan 10.75% 1% + ST 1.5 % +ST
    Loan Against Property 13.50% 1.5 % +ST
    Kotak Loan Against Property 12.50 – 13.00 % 1% + ST
    HDFC Home Loan 8.65% 10000 + ST 1% + ST
    Loan Against Property 12.50 – 13.00 % 1% + ST