1. Build your Credit Score
2. Reduce your Current Borrowing / EMI Costs
Did you know that your residential or commercial property, the ones that you own, give you a special power?
Well no, this power is not like the superhuman powers which you see in the movies, but the reality-based power these properties give you is nothing short of superb. These properties help you to get a loan whenever you want. The type of loan we are talking about here is Loan against Property.
Provided you meet all the requirements, you can get such loans from both banks and NBFCs. People are favoring NBFCs of such loans nowadays because from here you can get credit more easily. Getting this type of secured personal loan is easier than others anyways, and on top of that you get some additional benefits when you take the service of NBFCs.
Loan against property is generally taken for meeting marriage expenses, for buying a house, for medical treatments and even for personal development reasons.
Below given is a list of top banks and NBFCs from whom you can get this loan.
TATA capital, as a financial and investment company, offers wealth management, customer loans, commercial finance and finance for commercial infrastructure. It all is known for giving loans against property at attractive rates.
Interest Rate |
10.5% onwards |
Loan Amount |
Rs. 10 lakh |
Processing Fee |
Starting from 1% of the loan amount |
Loan Tenure |
Max. up to 15 years |
Foreclosure Charges |
4% of the loan amount + GST |
Documentation Charges |
Rs. 5000 + GST |
Part payment charges |
Nil, (up to 25% of principal outstanding in a year) |
DHFL or Dewan Housing Finance Corporation gives you home loans at an attractive rate of interest. It also gies affordable housing finance to the MIG and LIG segments of society in the rural and semi-urban regions of the country.
Its housing loans are available to self-employed, salaried people, limited liability partnerships, private limited companies and more.
Interest Rate |
Depends on applicant’s profile |
Processing Charges |
Up to 2% of the loan amount + GST |
Loan Tenure |
Up to 15 years |
Part-payment Charges |
Nil |
Cheque/ECS bounce charges |
Rs. 500 + GST |
CERSAI Registry Charges |
Rs. 50 for loan up to Rs. 5 lakh |
Conversion charges |
0.5% of principal outstanding |
Stamp charges |
As per applicable law |