Mortgage loan (loan against property)
Raise a large amount against a house, shop or commercial property you own, at secured-loan rates, and keep using the property.
- Rates from
- 9.25%
- Amount
- Up to 70% of property value
- Tenure
- Up to 15 years
- Our charges
- Told upfront
Good for
- Business expansion
- Higher education
- Consolidating costly debt
- Large medical or family expenses
How we help
A mortgage loan, also called a loan against property, lets you borrow a substantial sum against property you own while you continue to live in it or run your business from it.
Because it is secured, the rate is far lower than a personal loan and the tenure far longer. Lenders differ widely in how they value property and which property types they accept, so comparing them matters.
Who can apply
- Owner of a residential, commercial or industrial property
- Salaried or self-employed, aged 24 to 65
- Property free of legal disputes and major encumbrances
- Enough income or business cash flow to repay
Documents to keep ready
- Property title documents and chain of ownership
- Latest property tax receipts and approved building plan
- PAN card, Aadhaar card and address proof
- ITRs or audited financials for the last 2 to 3 years
- Personal and business bank statements for 6 to 12 months
Criteria are indicative. The lender makes the final decision on eligibility, rate and amount under its own credit policy.
Estimate your EMI
Your mortgage loan
Indicative. Your final rate depends on the lender and your credit profile.
Common questions
Can I keep using the property?
Yes. You continue to live in or use the house, shop or plot. The lender holds the title documents until the loan is repaid.
Which properties qualify?
Most lenders accept residential and commercial property with clear title. Some accept industrial property. Agricultural land is usually not accepted.
From a borrower
We raised a loan against our commercial shop to expand the family business. Our advisor structured it so the EMI stayed comfortable. Clear, honest guidance throughout.
