Shivalik Small Finance Bank offers home loans under its **Ghar-Angan scheme** with financing up to **90% of property value**, maximum loan amounts of **₹50 lakh**, and tenures up to **20 years**. As of November 2025, interest rates start at **12 p.a. For salaried borrowers with CIBIL 750+**, rising to **12 p.a. For self-employed applicants**.
| Feature | Details |
| Home Loan Scheme Name | Ghar-Angan scheme |
| Loan Purpose | Property purchase, construction, or renovation |
| Maximum Loan Amount | Up to ₹50 lakh |
| Financing Percentage | Up to 90% |
| Interest Rate (Salaried, CIBIL 750+) | 12 (as of November 2025) |
| Interest Rate (Self-Employed) | 12 (as of November 2025) |
| Maximum Tenure | Up to 20 years |
| Interest Rate Type | Floating, linked to bank's internal benchmark rate (aligned with RBI repo at 12 as of November 2025) |
| Minimum CIBIL Score | 700 (standard approval), 750+ for best rates |
| Eligible Applicants | Salaried and self-employed individuals |
| Age Criteria (Salaried) | 21–65 years |
| Age Criteria (Self-Employed) | 23–70 years |
| Minimum Monthly Income (Salaried) | ₹25,000 |
| Minimum Annual Profit (Self-Employed) | ₹2 lakh |
| Employment Stability (Salaried) | 1–2 years |
| Business Stability (Self-Employed) | 3+ years |
| FOIR Limit | 40–55% of gross monthly income |
| LTV Ratio | 75–90% of property value |
| Processing Time | 7–10 working days (balance transfer), 3–4 weeks (new loan) |
| Prepayment Charges | Nil (floating rate loans, as per RBI guidelines) |
| Part-Prepayment Charges | Applicable if prepayment exceeds 25% of outstanding amount in a financial year |
| Foreclosure Charges | Not applicable for individual borrowers on floating-rate loans (RBI rule) |
| Customer Care Contact | 1800 202 5333 (option 3) |
| Email Response Time | 48-hour updates |
| Digital Pre-Approval Range | ₹10–50 lakh |
| PMAY Tax Benefits | ₹1.5 lakh under Section 80C, ₹2 lakh under Section 24(b) |
Shivalik Small Finance Bank's home loan portfolio is anchored in secured lending, with **90% of its loan book backed by collateral**, and targets first-time buyers in the **₹10–50 lakh loan range**. Shivalik Small Finance Bank offers Loan Against Property (LAP) with a maximum Loan-to-Value (LTV) ratio of 70% and a maximum tenure of 20 or 25 years. The LAP interest rate ranges from 12 to 12 p.a., depending on applicant profile, property valuation, and creditworthiness. The following table provides a full overview of key features, eligibility benchmarks, and financial parameters for Shivalik Small Finance Bank Loan Against Property as of 2026:
| Feature | Details |
|---|
| Maximum Loan Amount | Up to ₹50 lakh (aligned with Ghar-Angan scheme for home loans) |
| Maximum LTV Ratio | 70% of property's market value (e.g., ₹70 lakh loan for ₹1 crore property) |
| Maximum Tenure | 20 or 25 years (as per Creditcares, 2026) |
| Interest Rate Range | 12 – 12 p.a. (varies by borrower type and risk profile) |
| Minimum CIBIL Score | 700 for standard approval; 750+ recommended for best rates |
| CIBIL Below 650 | Requires significant compensating factors (income, collateral, co-applicant) |
| Eligible Applicants | Salaried, self-employed professionals, and business owners |
| FOIR (Fixed Obligation to Income Ratio) Limit | 55%–60% of net monthly income |
| Processing Fees | As applicable (standard LAP charges apply) |
| Prepayment Charges | Nil for floating-rate LAP (RBI mandate for individual borrowers) |
| Part-Prepayment Charges | Levied if prepaid amount exceeds 25% of outstanding loan in a financial year |
| Foreclosure Charges | Applicable for fixed-rate LAP; not allowed for floating-rate LAP (RBI guidelines) |
| Property Type Eligibility | Residential, commercial, and mixed-use properties (subject to bank's technical appraisal) |
| Loan Purpose | Business expansion, debt consolidation, personal needs, or property ment |
| Security Requirement | Registered mortgage of the property (primary or additional) |
| Documentation Required | Identity proof, income documents (ITR/salary slips), property papers, and valuation report |
| Disbursement Time | Typically 7–10 working days post-approval and legal clearance |
| Customer Support | 1800 202 5333 (Option 3); email updates within 48 hours |
| Branch Network | 175+ branches across 10 Indian states (Incubatefund, 2026) |
| Total Loan Book (2025) | ₹3,659 crore (Economic Times) |
| Proportion of Secured Loans | About 90% of total loan book (Economic Times, 2026) |
| Microfinance Share | Less than 12 of overall portfolio (Economic Times, 2026) |
| Acquisition Activity (2026) | Acquiring ManiBhavnam Home Finance for ₹109 crore (Construction World) |
| Total Funding Raised | $46.6 million over 5 rounds from 62 investors (Tracxn, 2026) |
| Employee Strength | 955 employees (as of March 1, 2026, Tracxn) |
| Founders' Ownership | 12 (Tracxn, 2026) |
| Funds Ownership (Largest Shareholder) | 29.29% (Tracxn, 2026) |
| Angel Investors' Share | 3.08% (Tracxn, 2026) |
| Enterprise Investors' Share | 12 (Tracxn, 2026) |
| Charge Type | Applicable To | Rate / Amount | Conditions / Notes |
| Processing Fee | Loan Against Property | Up to 1.00% of loan amount | Subject to minimum and maximum CAP; varies by loan size and borrower profile |
| Foreclosure Charges (Fixed Rate) | Loan Against Property | 2–12 of outstanding principal | Applicable if loan closed before tenure ends; disclosed upfront as per RBI guidelines |
| Foreclosure Charges (Floating Rate) | Individual Borrowers (Non-Business) | Nil | Not allowed as per RBI mandate for floating-rate loans not for business purposes |
| Part-Payment Charges | Loan Against Property | Applicable | Levied if prepayment exceeds 25% of outstanding amount in a financial year |
| Legal & Technical Evaluation Charges | Loan Against Property | Actuals (₹3,000–₹8,000 approx.) | One-time charge for property title check and valuation; reimbursed to third-party agencies |
| Penal Interest | Delayed EMI Payments | 2.00–12 p.a. over applicable rate | Charged on overdue amount until cleared; rate varies by loan category |
| Stamp Duty & Registration | Property Mortgage | As per state government norms | Borrower's responsibility; varies by property location and value |
| Loan Disbursement Fee | Loan Against Property | Nil | No fee charged at time of disbursement |
| Loan Against FD – Interest Rate | Fixed Deposit Holders | 12 + 1–2% | Rate linked to FD tenure; typically 12 p.a. And above |
| Prepayment Penalty (Balance Transfer) | Transferring Borrowers | Nil (for floating rate) | Allowed without charges as per RBI guidelines |
| Loan Restructuring Fee | Modified Loan Terms | 0.50–1.00% of outstanding | Charged if borrower requests tenure or EMI changes post-sanction |
| Duplicate Document Charges | Loan Account Holders | ₹200–₹500 per document | For reissuance of lost sanction letters, NOC, or repayment certificates |
A borrower with a floating-rate LAP can foreclose without penalty, but fixed-rate loans attract 2–6% charges — a key cost differentiator. Shivalik SFB requires a minimum CIBIL score of 650 for LAP applicants. The loan is available to individuals aged 21 to 65 years with a stable income source.
- Minimum age: 21 years at the time of application; maximum age: 65 years at loan maturity
- Minimum credit score: CIBIL 650+ (lower scores may be considered with higher down payment or co-applicant)
- Loan-to-Value (LTV) limit: Up to 75% for residential properties; 65% for commercial properties
- Minimum income requirement: ₹30,000 per month for salaried; ₹40,000 per month for self-employed
- Employment type: Salaried professionals, self-employed individuals, and business owners eligible
- Residency status: Indian residents only; NRIs not eligible for LAP at present
- Property type: Completed residential or commercial properties only; under-construction properties not accepted
Eligibility is assessed based on income stability, credit history, and property valuation. Shivalik Small Finance Bank requires the following documents for a Loan Against Property (LAP) application in 2026: 1. **Identity Proof** – Acceptable documents include Aadhaar card, PAN card, passport, or voter ID (must be government-issued and valid). 2. **Address Proof** – Required documents: Aadhaar card, passport, utility bill (not older than 3 months), or rental agreement. 3. **Income Proof (Salaried)** – Latest 3 months' salary slips and Form 16 or IT returns for the last 2 years. 4. **Income Proof (Self-Employed)** – Audited financial statements and ITR for the last 2 years; minimum annual ITR of ₹2.5 lakh+ required. 5. **Property Title Documents** – Registered sale deed, property tax receipt, encumbrance Certificate (last 15 years), and approved building plan. 6. **Legal & Technical Valuation Report** – Conducted by bank-approved agencies; typically takes 4–7 days to process. 7. **Bank Statements** – Personal and business (if applicable) for the last 6 months to assess cash flow and repayment capacity. Processing time for LAP applications is typically 7–10 working days after document submission, provided all documents are complete and the property valuation is clear. Shivalik Small Finance Bank offers Loan Against Property (LAP) with a maximum LTV of 70% and tenure up to 20 or 25 years. The interest rate for LAP ranges between 12 and 12, varying by applicant profile. For accurate EMI calculation, borrowers must consider loan amount, rate, and tenure. The following table shows EMI calculations for different loan amounts at varying interest rates offered by Shivalik SFB for LAP, assuming a 20-year tenure:
| Loan Amount (₹) | Interest Rate (p.a.) | EMI (₹/month) | Total Interest Payable (₹) | Total Payment (₹) |
| 50,00,000 | 12 | 45,832 | 59,99,680 | 1,09,99,680 |
| 50,00,000 | 12 | 48,211 | 65,70,640 | 1,15,70,640 |
| 70,00,000 | 12 | 64,165 | 83,99,600 | 1,53,99,600 |
| 70,00,000 | 12 | 67,495 | 91,98,800 | 1,60,48,800 |
| 1,00,00,000 | 12 | 91,664 | 1,19,99,360 | 2,19,99,360 |
| 1,00,00,000 | 12 | 96,422 | 1,31,41,280 | 2,31,41,280 |
| 1,50,00,000 | 12 | 1,37,496 | 1,79,99,040 | 3,29,99,040 |
| 1,50,00,000 | 12 | 1,44,633 | 1,97,11,920 | 3,47,11,920 |
| 2,00,00,000 | 12 | 1,83,328 | 2,39,98,720 | 4,39,98,720 |
| 2,00,00,000 | 12 | 1,92,844 | 2,62,82,560 | 4,62,82,560 |
| 2,50,00,000 | 12 | 2,29,160 | 2,99,98,400 | 5,49,98,400 |
| 2,50,00,000 | 12 | 2,41,055 | 3,28,53,200 | 5,78,53,200 |
EMI varies significantly based on borrower category. Salaried applicants benefit from lower rates starting at 12, while non-salaried applicants face higher rates up to 12. A ₹50 lakh LAP at the lowest rate results in an EMI of ₹45,832, whereas the same loan at a higher rate increases EMI to ₹48,211. The application process for Shivalik Small Finance Bank Loan Against Property (LAP) typically takes 7–10 working days from submission to disbursement, assuming complete documentation and clear property title. The bank evaluates LAP applications based on CIBIL score (minimum 700 recommended), income stability, property valuation, and Loan-to-Value (LTV) ratio, which is capped at 12 of the property's market value.
- Submit application form online or at a branch; digital pre-approval available for loans between ₹10–50 lakh.
- Provide identity proof (Aadhaar, PAN), income documents (ITR or salary slips), and property papers (title deed, registration).
- Undergo CIBIL check and credit assessment; a score of 750+ improves approval chances and interest rate.
- Bank conducts technical and legal appraisal of the property; this step takes 4–7 days.
- Property valuation determines maximum loan eligibility; LTV is limited to 70% of market value.
- Final approval is issued based on FOIR (Fixed Obligation to Income Ratio), which should not exceed 55–60% of net income.
- Loan agreement is signed, and property is mortgaged; disbursement occurs within 24–48 hours post-registration.
Processing time for LAP applications is generally faster for existing Shivalik SFB customers with Aadhaar-seeded accounts. Shivalik SFB offers a Loan Against Property (LAP) with a maximum Loan-to-Value (LTV) ratio of 70%, allowing borrowers to use up to ₹70 lakh against a ₹1 crore property. The LAP comes with a tenure of up to 20 or 25 years, providing long-term repayment flexibility. The bank follows a secured lending model, with about 90% of its loan book backed by collateral, ensuring stability and lower risk. Microfinance constitutes less than 10% of its overall portfolio, keeping focus on secured assets like property. Borrowers benefit from digital pre-approval tools that streamline sanctioning for loans between ₹10–50 lakh. The bank processed 104 loans as a lender in 2026, reflecting growing trust in its structured lending approach.
| Benefit | Detail | Source/Year |
|---|
| Maximum LTV Ratio | 70% of property value | Creditcares, 2026 |
| Example Loan Amount | ₹70 lakh against ₹1 crore property | Creditcares, 2026 |
| Maximum Tenure | 20–25 years | Creditcares, 2026 |
| Proportion of Secured Loan Book | ~90% | Economic Times, 2026 |
| Microfinance Share in Portfolio | Less than 10% | Economic Times, 2026 |
| Number of Loans Issued (2026) | 104 | Tracxn, 2026 |
| Branch Network | 175+ | Incubatefund, 2026 |
| States of Operation | 10 | Incubatefund, 2026 |
| Customer Base | 800,000+ | Incubatefund, 2026 |
| Employee Strength | 955 | Tracxn, Mar 01, 2026 |
| Banking Experience | 25+ years | Incubatefund, 2026 |
| FDICG Coverage | Up to ₹5 lakh per depositor | DICGC |
| Lender | Loan Type | Min Interest Rate (Salaried, CIBIL 750+) | Max Interest Rate (Self-Employed) | Max Loan Amount | Max LTV | Max Tenure | Processing Fee | Prepayment Charges |
| Shivalik Small Finance Bank | Loan Against Property | 12 | 12 | ₹50 lakh | 70% | 20 years | 0.5% of loan amount | Nil (floating rate, RBI mandate) |
| SBI | Loan Against Property | 12 p.a. | 12 p.a. | ₹10 crore | 75% | 20 years | Up to ₹15,000 | Nil (floating rate) |
| Bank of Baroda | Loan Against Property | 12 p.a. | 12 p.a. | ₹10 crore | 75% | 20 years | 0.50% (min ₹1,000, max ₹25,000) | Nil (floating rate) |
| HDFC Bank | Loan Against Property | 12 p.a. | 12 p.a. | ₹10 crore | 75% | 20 years | 1.00% (min ₹10,000) | 2% (first 3 years), Nil thereafter |
| ICICI Bank | Loan Against Property | 12 p.a. | 12 p.a. | ₹10 crore | 75% | 20 years | 1.00% (min ₹10,000) | 2% (first 2 years), Nil thereafter |
| Axis Bank | Loan Against Property | 12 p.a. | 12 p.a. | ₹10 crore | 70% | 15 years | 0.50% (min ₹10,000) | Nil (floating rate) |
| IDFC FIRST Bank | Loan Against Property | 12 p.a. | 12 p.a. | ₹5 crore | 75% | 20 years | 0.50% (min ₹5,000) | Nil (floating rate) |
| Ujjivan Small Finance Bank | Loan Against Property | 12 p.a. | 12 p.a. | ₹50 lakh | 60% | 15 years | 1.00% (min ₹2,000) | Nil (floating rate) |
| Equitas Small Finance Bank | Loan Against Property | 12 p.a. | 12 p.a. | ₹50 lakh | 60% | 15 years | 1.00% (min ₹2,500) | Nil (floating rate) |
| Bank of India | Loan Against Property | 12 p.a. | 12 p.a. | ₹5 crore | 70% | 20 years | 0.50% (min ₹1,000) | Nil (floating rate) |
| Punjab National Bank | Loan Against Property | 12 p.a. | 12 p.a. | ₹10 crore | 75% | 20 years | 0.50% (min ₹1,000) | Nil (floating rate) |
| Canara Bank | Loan Against Property | 12 p.a. | 12 p.a. | ₹10 crore | 75% | 20 years | 0.50% (min ₹1,000) | Nil (floating rate) |
Shivalik SFB offers LAP at competitive rates with no prepayment penalty, but caps loan size at ₹50 lakh and LTV at 12, unlike PSU banks offering up to ₹10 crore.
Key Takeaways
- Shivalik SFB's LAP interest rates start at 12, matching Bank of Baroda's 9.10% but with lower maximum loan limits (₹50 lakh vs ₹10 crore).
- Unlike HDFC and ICICI, Shivalik SFB does not charge prepayment fees on floating-rate LAP, aligning with RBI guidelines for individual borrowers.
- Shivalik SFB offers 70% LTV on LAP, lower than SBI and BOB (75%), restricting borrowing capacity for high-value properties.
Check eligibility and apply at shivalikbank.com
0% – 0% p.a.Loan Interest Rate
Up to 90%Loan Amount of Property value
As per bank policyProcessing Fees
NILPrepayment / Foreclosure Charges
