Compare Interest Rates on Loan Against Property for Top Banks & HFCs
| Name of the Lender | Interest Rate (% p.a.) | |
|---|---|---|
| State Bank of India | 10.00 - 11.30 | Apply Now |
| Axis Bank | 10.50 - 10.95 | Apply Now |
| Bank of Baroda | 10.85 - 16.50 | Apply Now |
| ICICI Bank | 10.85 - 12.50 | Apply Now |
| Standard Chartered Bank | Starts from 9.25% | Apply Now |
| HSBC Bank | 9.75 - 14.00 | Apply Now |
| Union Bank of India | 10.45% - 13.10% p.a. | Apply Now |
| PNB Housing Finance | 9.25 - 15.00 | Apply Now |
| IDFC First Bank | 9.00 - 16.50 | Apply Now |
| HDFC Bank Limited | 9.50 - 11.00 | Apply Now |
| L&T Housing Finance | 9.50 onwards | Apply Now |
| LIC Housing Finance | 9.50 - 11.55 | Apply Now |
| Godrej Housing Finance | 9.75 onwards | Apply Now |
| Indiabulls Finance | 9.75% p.a. onwards | Apply Now |
| Tata Capital | 10.10 onwards | Apply Now |
| Bajaj Housing Finance | 9.75 - 18.00 | Apply Now |
| Punjab National Bank | 10.40 - 12.75 | Apply Now |
Note: The documents required for a loan against property can vary from one lender to another. In addition to the above-mentioned list, lenders may request additional documents based on their individual policies and requirements. Documents Required for Loan Against Property
List of Loan Against Property Documents for Salaried Applicants
For salaried applicants, the documents needed for a Loan Against Property (LAP) include:
Identity Proof (any one of the following):
- Voter’s ID
- Employee ID
- Ration card
- PAN card
- Bank passbook
- Passport
- Driving License
Address Proof (any one of the following):
- Rent agreement
- Electricity bill
- Ration card
- Telephone bill
- Passport
- Driving License
- Bank passbook or statement
Proof of Job Continuity (any one of the following):
- Current employment certificate
- Current job appointment letter (if employed at the same job for over 2 years)
- Experience certificate (covering previous job details, including appointment and relieving letters)
Residence Ownership Proof (any one of the following):
- Electricity bill
- Maintenance bill
- Property documents
Copies of all Property Documents:
- Latest maintenance bill
- Sales deed/copy of Agreement
- Share certificate (if society formed)
Income Proof (any one of the following):
- Form 16
- Income tax returns for the past 3 years
- Bank statements (covering the last 6 months) or salary slips for the last 6 months
Other Important Documents:
- Processing fee cheque
- Sanction letter and payment track record of existing loans (if applicable)
- Proof of investments: Shares, fixed deposits, fixed assets (if any)
List of Documents for Loan Against Property for Self-employed Applicants:
For self-employed applicants, the documents needed for a Loan Against Property (LAP) include:
Address Proof (any one of the following):
- Rent agreement
- Electricity bill
- Ration card
- Telephone bill
- Passport
- Driving License
- Bank passbook or statement
Identity Proof (any one of the following):
- Voter’s ID
- Employee ID
- Ration card
- PAN card
- Bank passbook
- Passport
- Driving License
Income Proof (any one of the following):
- Latest 1-year bank statement (both savings and current)
- Last 3 years Income tax returns of the applicant with income computation attested by a Chartered Accountant
- Audited balance sheet and Profit & Loss accounts, including tax audit report if applicable
Office Address and Ownership Proof (any one of the following):
- Electricity bill
- Maintenance bill
- Property documents
Business Existence Proof (any one of the following):
- Saral copy (3 years old)
- Copy of tax registration
- Sales deed or agreement (executed)
- Company registration license
Copies of all Property Documents:
- Latest maintenance bill
- Sales deed/copy of Agreement
- Share certificate (if society formed)
Other Important Documents:
- Processing fee cheque
- Sanction letter and payment track record of existing loans (if applicable)
- Completed application form with photograph attached
- Professional degree certificate (for professionals)
- Proof of investments such as shares, fixed deposits, or fixed assets (if any)