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Which Is The Best Option For A Loan Against Property?

So you want to know about the best option for loan against property? Well, you are in the right place. In this article, we are going to show you several options with the latest data in 2021 so that you can take your pick.

What are loans against property?

Loans against property are also known as mortgage loans. These are secured loans, which is a good thing because if it was an unsecured loan like payday loan, the interest rate would have been through the roof!

In the case of a loan against property, there is no such problem. You get time enough to repay the loan and the interest is reasonable. Interest rates are between 9.80% and 14.50%. The repayment tenure is between 2 years and 20 years.

Loan against property interest rates as given by the major lenders

Here is listed the inter rates for loan against property from the top financial lenders in 2021:


Lender’s Name

Interest Rate

Loan Amount


Capital First

As per the terms and conditions set by

Rs.5 lakh – Rs.10 crore

Up to 20 years


9.90% - 12.40% p.a.

As per the terms and conditions of HDFC Bank

Up to 15 years

Bajaj Finserv

  • 10.10% - 11.50% p.a. (For salaried individuals)

  • 10.50% to 14.50% p.a. (For self-employed individuals)

Up to Rs.3.5 crore

2 – 20 years


9.80% - 11.90% p.a.

Up to Rs.5 crore

Up to 15 years

State Bank of India

9.90% - 11.45% p.a.

Up to 7.5 crore

5-15 years

So there you have it! Here are the interest rates of the loan against property from the top lenders in India for 2021.

Now that you know about it, here is what you need to know before getting this type of loan. Here’s the things you need to keep in mind.

  1. Check your eligibility: The very first thing that you need to know is where you are eligible for the offer at all. So here’s what you can do. Note down the details of all offers from all lenders. No need to eliminate lenders and offers right now. Just get as much information as you can, but only if you fit the bill. That means note the offers down only if you are eligible for them. Most lenders have Eligibility Criteria on their website. 

  2. Calculate your EMI: On the lenders’ websites, you can also see the loan amount, the time given for repayment and the EMIs and interest rates. Can you manage to give the EMIs for a set term? If yes, shortlist those offers and lenders. Calculate how much EMIs you’ll need to pay each month for the set period. Lenders calculate and give you this information beforehand for your benefit.

  3. Get all the property records and documents together: This is important. You need to have all the property documents and certificates in one place. Organize them for when you’ll need them while applying for the loan against property. Documents you’ll need include lease deed, sales deed and registration certificate. The House Tax Return and the Approved Building Plan needs to be attested by the Municipal Corporation.

  4. Shortlist lenders: Now that you have a good idea of the offers, lenders and what you can afford to repay, it is time to think about the additional beneficial offers. Based on this, do a final shortlist.

After reading this article, we hope that you have a good idea now about the best offers of this type of loan, and what to do before applying.


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