Secure Funding with Your Assets

Loans against property are granted to:

• Individuals (Residents, Non-residents, PIOs)
• Sole-proprietorships, family partnerships, professionals and salaried where end use is personal or business and where the collateral is in the name of individuals.

Maximum period of property power loan is 240 months.

Minimum age is 18 Years

Yes, you can avail the loan as overdraft facility.

Please click here to know more about documents required for Resident Salaried, Resident Self employed, Non-Resident Salaried and Non-Resident Self employed borrowers.

Rate of Interest will change subject to the changes made by Bank/RBI from time to time. Please click here to know latest interest rates on loans. Whenever interest rates are changed, new rates and corresponding EMI shall be communicated to the borrower.

Immediate family members such as your parents, spouse and children can be joint borrowers.

Repayment of loan is to be made in Equated Monthly Installments (EMI).

EMI stands for Equated Monthly Installment. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan. Your housing loan EMIs are fixed at the time of availing the loan. EMI's are used to pay both interest and principal amount of a loan in a way that over a specific number of years, the loan amount is repaid to the bank along with interest.

• Principal - The principal is the loan amount that you avail from Bank. Lower principal will lower your EMI and vice versa.
• Rate of Interest - The rate of interest is the rate at which Bank offers you the loan. It is also directly proportional to your loan EMI.
• Tenure - The tenure or the period is the time within which you repay your loan. It is inversely proportional to EMI. It means longer tenure makes EMIs cheaper and vice versa.