A loan against property is a type of secured loan in which you borrow money from a lender (typically a bank or NBFC) by pledging your home, business, or industrial property as collateral.

According to the policy of the lender, if you own a house worth 1 crore, you’ll be able to borrow 50 to 70 lakhs (50 to 70%) of its market value.

🔹 Key Features:
  • Loan amount : – typically between 50 and 70 percent of the market value of the property.
  • Interest rate :- comparatively lower than personal loans (between about 8 and 13 percent).
  • Tenure :- 15–20 years is the maximum age.
  • Property type :- may be vacant, rented, or self-occupied.
  • Usage :- Benefit from funding medical bills, education expenses and company expansion.
  • Ownership :- A mortgage is placed on the property, but you still own it.
🔹 Documents Needed:
  1.  proof of identification  (Aadhaar, PAN, Passport)
  2. evidence of your address
  3. Income proof (bank statements, pay stubs, IT returns)
  4. property documents (title deed, NOC, etc.)
  5. Pictures