Avail a loan at attractive rate of interest.
- Loan against fully constructed, freehold residential and commercial properties for: Business Needs; Marriage, medical expenses and other personal needs; transferring your outstanding loan availed from another Bank / Financial Institution
- Longer tenure, smaller EMIs
- Attractive interest rates
- Easy and hassle free documentation
- Simple repayments through monthly instalments
- Integrated branch network for availing and servicing the loan anywhere in India
Loan Against Property Interest Rates
Adjustable Rate Loan
Retail Prime Lending Rate:(Non Housing) 9.70%
| Loan Slab | Interest Rates (% p.a.) |
|---|---|
| Self Occupied Residential Property (Upto 49.99 Lakhs) | 8.75 to 9.75 |
| Self Occupied Residential Property (50 Lakhs & Above) | 8.75 to 9.75 |
| Non – Self Occupied Residential Property (Upto 49.99 Lakhs) | 9.05 to 10.40 |
| Non – Self Occupied Residential Property (50 Lakhs & Above) | 9.05 to 10.40 |
| Loan Slab | Interest Rates (% p.a.) |
|---|---|
| Commercial Property (Upto 49.99 Lakhs) | 9.05 to 11.55 |
| Commercial Property (50 Lakhs & Above) | 9.05 to 11.55 |
TruFixed Loan – 2 Year Fixed Rate Variant
Retail Prime Lending Rate:(Non Housing) 9.70%
| Loan Slab | Interest Rates (% p.a.) |
|---|---|
| Self Occupied Residential Property (Upto 49.99 Lakhs) | 9.30 to 10.30 |
| Self Occupied Residential Property (50 Lakhs & Above) | 9.15 to 10.15 |
| Non – Self Occupied Residential Property (Upto 49.99 Lakhs) | 9.80 to 10.80 |
| Non – Self Occupied Residential Property (50 Lakhs & Above) | 9.60 to 10.60 |
| Loan Slab | Interest Rates (% p.a.) |
|---|---|
| Commercial Property (Upto 49.99 Lakhs) | 9.80 to 11.55 |
| Commercial Property (50 Lakhs & Above) | 9.60 to 11.40 |
Loan Against Property Details
You can apply individually or jointly for a Loan Against Property. All owners of the property will have to be co-applicants.
Who can Apply?
Primary ApplicantAGE
21-65 years
PROFESSION
Salaried / Self Employed
NATIONALITY
Resident Indian
GENDER
All Genders
Co-Applicant(s)
Adding Co-Applicant helps in maximizing the loan amount.
Adding Women Co-Owner helps in getting better interest rate.
All co-applicants need not be co-owners. Generally co-applicants are close family members.
What’s the maximum funding and the loan payment term?
Existing Customers
The principal outstanding on all existing loans and the Loan Against Property being availed should not cumulatively exceed 60% of the Market Value of the mortgaged property as assessed by Fair Finance.
New Customers
Loan Against Property being availed should not, generally, exceed 50% of the Market Value of the property, as assessed by Fair Finance.
You may spread out your payments for the loan over a maximum term of 15 years.
The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the specific repayment scheme as may be opted and any other terms which may be applicable based on prevalent norms of Fair Finance.
Salaried Employees Self Employed/Professionals Duly filled Application Form with Photograph Duly filled Application Form with Photograph Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority) Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority) Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority) Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority) Education Qualifications – Latest Degree Education Qualifications – Latest Degree (for professionals) Latest Salary-slips for 3 months Certificate & Proof of business existence along with Business Profile Form 16 for last 2 years Last 3 years Income Tax returns (self and business) with Profit & Loss Account & Balance Sheets duly certified/audited by a Chartered Accountant Last 6 months Bank Statements(salary account) Last 12 months Bank Account Statements (self & business) Processing Fee Cheque in favour of ‘………’ Processing Fee Cheque in favour of ‘………….’ Photocopy of Title Documents of the Property, Approved Plan Photocopy of Title Documents of the Property, Approved Plan etc.