Shivalik Small Finance Bank Loan Against Property

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 **9 p.a. For salaried borrowers with CIBIL 750+**, rising to **9 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+)	9 (as of November 2025)
Interest Rate (Self-Employed)	0 (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 9 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 9 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	9 – 9 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 9 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	9 (Tracxn, 2026)
Funds Ownership (Largest Shareholder)	29.29% (Tracxn, 2026)
Angel Investors' Share	3.08% (Tracxn, 2026)
Enterprise Investors' Share	9 (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	2–9 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	2.00–9 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	9 + 1–2%	Rate linked to FD tenure; typically 9 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.

1. Minimum age: 21 years at the time of application; maximum age: 65 years at loan maturity
2. Minimum credit score: CIBIL 650+ (lower scores may be considered with higher down payment or co-applicant)
3. Loan-to-Value (LTV) limit: Up to 75% for residential properties; 65% for commercial properties
4. Minimum income requirement: ₹30,000 per month for salaried; ₹40,000 per month for self-employed
5. Employment type: Salaried professionals, self-employed individuals, and business owners eligible
6. Residency status: Indian residents only; NRIs not eligible for LAP at present
7. 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 9 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	9	45,832	59,99,680	1,09,99,680
50,00,000	0	48,211	65,70,640	1,15,70,640
70,00,000	9	64,165	83,99,600	1,53,99,600
70,00,000	0	67,495	91,98,800	1,60,48,800
1,00,00,000	9	91,664	1,19,99,360	2,19,99,360
1,00,00,000	0	96,422	1,31,41,280	2,31,41,280
1,50,00,000	9	1,37,496	1,79,99,040	3,29,99,040
1,50,00,000	0	1,44,633	1,97,11,920	3,47,11,920
2,00,00,000	9	1,83,328	2,39,98,720	4,39,98,720
2,00,00,000	0	1,92,844	2,62,82,560	4,62,82,560
2,50,00,000	9	2,29,160	2,99,98,400	5,49,98,400
2,50,00,000	0	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 9, while non-salaried applicants face higher rates up to 0. 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 9 of the property's market value.

1. Submit application form online or at a branch; digital pre-approval available for loans between ₹10–50 lakh.
2. Provide identity proof (Aadhaar, PAN), income documents (ITR or salary slips), and property papers (title deed, registration).
3. Undergo CIBIL check and credit assessment; a score of 750+ improves approval chances and interest rate.
4. Bank conducts technical and legal appraisal of the property; this step takes 4–7 days.
5. Property valuation determines maximum loan eligibility; LTV is limited to 70% of market value.
6. Final approval is issued based on FOIR (Fixed Obligation to Income Ratio), which should not exceed 55–60% of net income.
7. 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	9	0	₹50 lakh	70%	20 years	0.5% of loan amount	Nil (floating rate, RBI mandate)
SBI	Loan Against Property	9 p.a.	9 p.a.	₹10 crore	75%	20 years	Up to ₹15,000	Nil (floating rate)
Bank of Baroda	Loan Against Property	9 p.a.	9 p.a.	₹10 crore	75%	20 years	0.50% (min ₹1,000, max ₹25,000)	Nil (floating rate)
HDFC Bank	Loan Against Property	9 p.a.	9 p.a.	₹10 crore	75%	20 years	1.00% (min ₹10,000)	2% (first 3 years), Nil thereafter
ICICI Bank	Loan Against Property	9 p.a.	9 p.a.	₹10 crore	75%	20 years	1.00% (min ₹10,000)	2% (first 2 years), Nil thereafter
Axis Bank	Loan Against Property	9 p.a.	9 p.a.	₹10 crore	70%	15 years	0.50% (min ₹10,000)	Nil (floating rate)
IDFC FIRST Bank	Loan Against Property	9 p.a.	9 p.a.	₹5 crore	75%	20 years	0.50% (min ₹5,000)	Nil (floating rate)
Ujjivan Small Finance Bank	Loan Against Property	9 p.a.	9 p.a.	₹50 lakh	60%	15 years	1.00% (min ₹2,000)	Nil (floating rate)
Equitas Small Finance Bank	Loan Against Property	9 p.a.	9 p.a.	₹50 lakh	60%	15 years	1.00% (min ₹2,500)	Nil (floating rate)
Bank of India	Loan Against Property	9 p.a.	9 p.a.	₹5 crore	70%	20 years	0.50% (min ₹1,000)	Nil (floating rate)
Punjab National Bank	Loan Against Property	9 p.a.	9 p.a.	₹10 crore	75%	20 years	0.50% (min ₹1,000)	Nil (floating rate)
Canara Bank	Loan Against Property	9 p.a.	9 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 9, unlike PSU banks offering up to ₹10 crore.

Key Takeaways

• Shivalik SFB's LAP interest rates start at 9, 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