Additionally, many lenders offer Lease Rental Discounting (LRD), providing even more flexibility by allowing you to pledge rental receipts from tenants. Whether you’re expanding your business or managing personal finances, LAP offers competitive interest rates and a reliable way to unlock the potential of your property.
Enjoy lower interest rates compared to unsecured loans, reducing your overall borrowing costs.
Access up to 75% of your property’s market value, providing significant funds for your needs.
Use the loan for any purpose, from business expansion to personal expenses.
Benefit from extended repayment periods, easing the burden of monthly EMIs.
Retain ownership and use of your property while securing the loan.
Potential tax deductions if the loan is used for business purposes.
Boost your credit score with timely repayment of the loan.
Enjoy lower monthly payments due to favorable interest rates and long tenure.
Get faster access to funds with streamlined loan approval.
You can receive a loan ranging from INR 20 lakh to INR 7.5 crore, determined by the market value of your property and your eligibility.
The Loan-to-Value (LTV) Ratio can be as high as 85% of your property’s value, offering ample funds to meet your goals and allowing for a larger loan amount based on your property’s worth.
With a repayment tenure of up to 15 years, you can comfortably manage your EMIs without any difficulty.
Benefit from competitive interest rates with Ambak’s Property Loan, ensuring affordability and cost-effective financing.
Ambak’s Property Loan streamlines the application process with hassle-free documentation, making it convenient for you.
Enjoy flexible repayment options and an extended loan term with Ambak’s Property Loan, making it easier to manage your finances.
| Lender | Min Rates (P.A.) | Max Rates (P.A.) | Processing Fee |
|---|---|---|---|
| Bank of Maharashtra | 8.75% onwards | 11.95% onwards | - |
| Central bank of India | 8.65% onwards | 13% onwards | - |
| Union bank of India | 9.4% onwards | 12.85% onwards | - |
| State Bank of India | 9.2% onwards | 10.5% onwards | - |
| Punjab National Bank | 7.75% onwards | 11.85% onwards | - |
| HDFC Bank | 9% onwards | 13.5% onwards | - |
| ICICI Bank | 10.6% onwards | 12.5% onwards | - |
| Bajaj Housing Finance | 8.45% onwards | 18% onwards | 0.75% of loan amount + GST |
| Bank of Baroda | 7.9% onwards | 18.25% onwards | For Term Loan: 1% of loan amt (Max capping: Rs.1.5 lacs) + GST?For Retail OD: 0.35% of loan amt (Max capping: Rs.75,000) + GST |
| UCO Bank | 9.5% onwards | 11.25% onwards | - |
| Federal Bank | 9.5% onwards | 12.6% onwards | - |
| IDBI Bank | 8.1% onwards | 11.55% onwards | - |
| L&T Housing Finance | 0% onwards | 9.55% onwards | 1% of loan amount + GST |
| IDFC First Bank | 9.5% onwards | 16.5% onwards | - |
| Kotak Bank | 9.5% onwards | 13% onwards | - |
| Induslnd Bank | 8.5% onwards | 14% onwards | - |
| ICICI HFC | 10.6% onwards | 10.5% onwards | - |
| PNB Housing Finance | 8.75% onwards | 12% onwards | - |
| IIFL | 10.65% onwards | 14.75% onwards | - |
| Hero Housing Finance | 9.5% onwards | 14% onwards | - |
| AU Small Finance Bank | 9% onwards | 22% onwards | - |
| Bandhan bank | 11.89% onwards | 17% onwards | - |
| Piramal Finance | 9.5% onwards | 24% onwards | - |
| GIC Housing Finance | 8.8% onwards | 16% onwards | - |
| Aadhar Housing Finance | 11.75% onwards | 17% onwards | - |
| Jio Finance | 9.5% onwards | 15% onwards | 1-2% of loan amount + GST |
| Ujjivan Small Finance Bank | 9.5% onwards | 19% onwards | - |
| Godrej Housing Finance | 9.5% onwards | 16% onwards | - |
| Samman Capital | 9.75% onwards | 17% onwards | 1% of loan amount + GST or Rs.2000 + GST (For prime property) |
Get in touch with us.
FAQs
- 1. What Do Mortgage Lenders Consider?
- Stable Income: Lenders favor borrowers with a consistent and reliable income. If your income is unstable or speculative, obtaining a loan against property may be more challenging
- Age Factor: Younger borrowers are often preferred, as earning potential typically decreases with age. Financial institutions are more likely to lend to individuals who are early in their careers rather than those nearing retirement.
- Occupation: Salaried individuals generally have a predictable income, unlike business owners or self-employed individuals whose earnings can fluctuate with market conditions. Because of this risk, lenders often prefer salaried over non-salaried applicants.
- Place of Residence: Loans are not typically available for agricultural property or land without government approval. Therefore, the location of your residence and the property you intend to mortgage is crucial.
- 2. How Can a Loan Against Property Be Used?
- 3. When Should You Take a Loan Against Property for Your Business?
- 4. How can I enhance my eligibility?
- 5. What types of properties can be used as collateral?
- 6. Is a guarantor required?
- 7. Does the property need to be insured?
- 8. Can I get a LAP against a rented property?
- 9. Can I transfer my LAP to another financial institution for a higher amount or extended tenure?
