Mortgage Loan: A Handy Guide to Loan Against Property


  1. Loan for 50-60% of property's Market Value
  2. Subject to Floating Rates of Interest
  3. Applicants will be primary owner & others the co-applicants
  4. No pre-payment charges for individuals with variable rates of interest
  5. Maximum tenure of 15 years or the age of retirement, whichever is lower
  6. No tax exemption benefits

Basis of Interest Rates:

  1. Type of Property (Residential or Commercial)
  2. Profile (Salaried or Business)
  3. Income shown in papers
  4. Current Usage of Property (Vacant, Occupied or on Rent)
  5. Credit History of Applicant & Co-Applicant (CIBIL Score)

Eligibility Criteria:

  1. Resident of India
  2. Age between 18-70 Years
  3. Consistent income
  4. Good CIBIL Score of Applicant & Co-Applicant

Documents Required:

  1. Proof of Identity
  2. Proof of Residence
  3. Most recent Bank statement or Passbook statement
  4. A copy of all your Property-related Documentation
  5. For Salaried Individuals - Latest Salary Slips for last 3 months
  6. For Self-Employed Individuals - CA certified Financial Statements


  1. Possible to get long-term Mortgage Loans
  2. Possible to negotiate for better interest rates
  3. Utilize your Loan for Personal & Business Requirements
  4. Documentation process is comparatively simple
  5. Faster approval process
  6. Great way to consolidate your Debt
  7. Add co-applicants to increase your Mortgage Loan amount

Visit to learn more.

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