At A Glance
- Purpose
- Business or General Funding Requirement*
- LTV
- Up to 75% to 100% depending on borrower profile*
- Property Accepted
- Residential / Commercial Property*
- Eligible Applicants
- Salaried / Self-Employed*
- Residential Status
- Resident Indians / NRIs*
The Short Version
What Loan Against Property actually does for you.
A loan against property lets you borrow money using a residential, commercial or industrial property that you already own. You can use it to grow your business, combine other loans, pay a medical bill or meet other needs. Lenders may have rules on how the money can be used. You keep ownership of the property and can continue to use it while you repay.
What's included
- Residential, commercial and industrial property accepted as security
- Income-based, banking-based and GST-based assessment tracks
- Top-up available on a mortgage you already hold
- Term loan or a reducing overdraft, your call
Do you qualify?
- Property owner, generally 21–70 years of age when the loan matures
- Clean and marketable title with the full ownership chain on record
- Demonstrable repayment capacity via income, business banking or rental receipts — cash salary accepted too, not just bank-credited salary
- Indian citizen with a property in India to offer as security; NRIs can apply with select lenders (see the NRI section below)
- Salaried, self-employed professional or self-employed business owner
- If salaried, generally at least 1 year with your current employer
- A CIBIL score of around 750 or above may help you get better terms; lower scores are reviewed case by case
Which One Are You
Fees and other charges
Besides interest, a lender may charge a few fees. It helps to know them before you apply, so there are no surprises.
Processing fee
A percentage of the loan amount plus GST, often somewhere between about 0.5% and 1.5%. Some lenders reduce or waive it during offers.
Legal and valuation charges
A fee for the lender's legal check of the property papers and for a valuation visit. It is usually a fixed amount and depends on the lender and the property.
Stamp duty, registration and insurance
Stamp duty and registration follow your state's rules. Property or loan insurance is charged only where you take it.
Foreclosure and part-prepayment
Floating-rate loans to individuals generally carry no prepayment or foreclosure charge under RBI rules. A fixed-rate loan may charge a small percentage of the amount you prepay.
These are general guides and every lender sets its own fees. Your expert will share the exact charges in writing before you sign.
Loan against property for NRIs
NRIs who own a residential or commercial property in India can sometimes borrow against it. Fewer lenders offer this than home loans, and they check the property and your income more closely. We can tell you which lenders to approach.
Who can apply
NRIs, and often PIO and OCI cardholders, who own the property in their own name or jointly, with a clear title.
Which property
Residential and commercial property in India. Agricultural land, plantation property and farmhouses are not accepted for NRIs without RBI permission.
How the money can be used
Lenders restrict some uses, and rules on moving funds out of India apply. Money is generally used inside India, for example for business, medical or personal needs. Confirm your plan with us before applying.
Income checks
Lenders may look at your overseas income, your rental income from the property, and your NRE/NRO account statements.
Repayment
EMIs are usually paid from your NRE or NRO account in India.
Signing from abroad
A registered Power of Attorney in favour of a trusted resident Indian can complete the signing and the mortgage in India, attested as the lender requires.
NRI questions answered
Can an NRI take a loan against property in India?
Yes, with select lenders. They usually want a property with a clear title, proof of your overseas income and your NRE/NRO account statements.
Can I send the money abroad?
There are limits on moving funds out of India under FEMA and RBI rules, and lenders restrict how the money is used. Ask us before you plan, so we can check what applies.
Do I need a Power of Attorney?
If you cannot be in India to sign, yes. A Power of Attorney in favour of a trusted resident Indian lets them complete the signing and the mortgage for you.
NRI lending is governed by RBI and FEMA rules and each lender's own policy, and the rules can change. We share general information here. Your expert will confirm what applies to you.
Why Growth Capital Services
One conversation, many lenders to compare.
We are a loan consultant, not the lender. We help you compare options from 75+ Banks and NBFCs, prepare your documents, and follow your application through each step.
Important note: Interest rate, loan amount, tenure, charges, eligibility, approval and disbursement depend on the policy of the respective Bank or NBFC, your profile, credit assessment and the applicable terms. Growth Capital Services is a loan consultant and does not lend money itself. The details on this page are for general information.
Run the numbers
Calculators for your Loan Against Property
Try your own figures before you apply — nothing is saved or sent.
Step-by-step guide
Loan Against Property process, step by step.
A loan against property depends on the property as much as on you. Here is the path from first call to funds.
- 1
Tell us about the property
Share the property type, its location and how you plan to use the money.
- 2
Estimate and shortlist
We estimate how much it can fetch and shortlist lenders who lend on that type of property.
- 3
Documents and title papers
You provide KYC, income proof and the ownership papers for the property.
- 4
Valuation and legal check
The lender values the property and its lawyers check that the title is clear.
- 5
Sanction and disbursal
After the sanction and the signing, the loan amount is credited to your account.
With GCS, your expert looks at your profile, matches it with suitable lenders, and coordinates with the banks for you. That means less confusion and more confidence when you apply.
Worth Comparing
The rest of Property Finance
So you can weigh Loan Against Property against everything else we arrange in this category before deciding.
Still deciding on Loan Against Property? Ask us directly.
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