Loan Against Property in Delhi
Apply and Get Instant Loan Against Property in Delhi
Delhi is the national capital of India and is also one of the most important financial centres in the country. The city is home to the headquarters of several banks and financial institutions, including the Reserve Bank of India, the State Bank of India, and the National Stock Exchange of India. Delhi is also home to several other financial institutions, such as insurance companies, investment banks, and asset management companies.
Availing of a loan against your property to manage your immediate financial requirements is never a bad idea. FinMarket facilitates a loan amount ranging from 10 lakhs to 25 CR and above with a flexible tenure of up to 20 years. Interest rates start as low as NaN% per annum resulting in reduced EMIs. Our financing covers various property types, including residential, commercial, industrial plots, godowns, and more. If you currently hold a Loan Against Property from another financial institution, transferring it is hassle-free, accompanied by advantageous perks like the top-up facility
Features and Benefits of Loan Against Property in Delhi
- Get LAP loans up to 90% of property value, repay in 20 years.
- Transfer existing loans easily with less interest rate and get additional funds.
- Fast approval based on business bank statements or GST returns.
- Funds for residential, commercial, industrial, educational institutions, hospitals, restaurants etc.
- Quick processing with a revolutionary digital lending system.
- Receive Money in your bank account in 3 days or sooner after approval.
Note: *The annual interest rate and processing fee may vary based on the customer's risk profile and the selected loan tenure.
Loan Against Property in Delhi EMI Calculator
Use FinMarket's loan against property EMI calculator before applying for a mortgage loan. It helps you quickly figure out affordable EMIs based on your loan amount, interest rate, and tenure. This EMI calculator provides genuine results on the spot, showing total interest and principal plus an amortization schedule for a better loan repayment strategy.
Loan Against Property Eligibility in Delhi
| Criteria | Salaried | Self-Employed |
|---|---|---|
| Age (Primary applicant) | 23 years to 55 years | 23 years to 65 years |
| Citizenship | Must be a citizen of India | Must be a citizen of India |
| Employment | Salaried | Self-employed |
| Net Monthly Income | ₹25,000 | ₹50,000 |
| Maximum Loan Amount | 75 Crores | 75 Crores |
| Work experience/Business vintage | Minimum 3 years | 5 years |
| CIBIL score | 750 and above for better chances of availing loan against property and at lower interest rates | 750 and above for better chances of availing loan against property and at lower interest rates |
Note: The eligibility criteria for loan against property and factors will vary from one bank to another.
Compare Property Loan Interest Rates Offered by Various Banks & NBFCs in Delhi
Loan against property offers various options, including amounts up to Rs. 75 crores from different banks. Check the table below to compare loans against property details from top banks, with tenures ranging from 10 to 20 years depending on the amount.
| Banks/NBFC Names* | Interest Rate Range | Processing Fees | Loan Amount | Tenure | Enquire Now |
|---|---|---|---|---|---|
| HDFC LAP Loan | 10.25% to 11% | 0.5 to 3% | Up to 25 Crore | 10 to 20 Years | Apply Now |
| AXIS LAP Loan | 10.25% to 13% | 0.5 to 1% | Up to 5 Crore | 0 to 10 Years | Apply Now |
| ICICI LAP Loan | 10.25% to 12% | 0 to 1% | Up to 10 Crore | 0 to 15 Years | Apply Now |
| Kotak LAP Loan | 9.15% to 10% | 1 to 3% | Up to 5 Crore | 0 to 15 Years | Apply Now |
| Standard Chartered LAp Loan | 9.25% to 13% | 0 to 1% | Up to 10 Crore | 0 to 15 Years | Apply Now |
| Bajaj Finserv Home Loan | 10.25% to 13% | 1 to 3% | Up to 11 Crore | 0 to 15 Years | Apply Now |
| SBI LAP Loan | 9% to 20% | 0 to 1% | Up to 20 Crore | 10 to 20 Years | Apply Now |
| IDFC LAP Loan | 9% to 20% | 0 to 1% | Up to 10 Crore | 10 to 20 Years | Apply Now |
| Tata Capital LAP Loan | 10.25% to 14% | 0 to 1% | Up to 10 Crore | 10 to 20 Years | Apply Now |
| YES LAP Loan | 9.4% to 10.25% | 1 to 2% | Up to 15 Crore | 1 to 5 Years | Apply Now |
| BOB LAP Loan | 10.55% to 10% | 1 to 3% | Up to 7.5 Crore | 1 to 5 Years | Apply Now |
| PNB LAP Loan | 10.4% to 10.75% | 0 to 0.75% | Up to 10 Crore | 1 to 5 Years | Apply Now |
| IndusInd LAP Loan | 8.6% to 10.75% | 0 to 2% | Up to 1 Crore | 1 to 5 Years | Apply Now |
| Aditya Birla LAP Loan | 9% to 14% | 1 to 3% | Up to 75 Crore | 1 to 5 Years | Apply Now |
| Incred LAP Loan | 10.25% to 15% | 1 to 3% | Up to 1 Crore | 1 to 5 Years | Apply Now |
| Poonawalla LAP Loan | 8.5% to 22% | 1 to 3% | Up to 25 Crore | 1 to 5 Years | Apply Now |
| DCB LAP Loan | 9.75% to 15% | 1 to 3% | Up to 5 Crore | 1 to 5 Years | Apply Now |
| Piramal LAP Loan | 11% to 15% | 1 to 3% | Up to 2 Crore | 1 to 5 Years | Apply Now |
| Aadhar Finance LAP Loan | 11.25% to 16.5% | 1 to 3% | Up to 1 Crore | 1 to 5 Years | Apply Now |
| L&T LAP Loan | 8.65% to 15% | 1 to 3% | Up to 7.5 Crore | 1 to 5 Years | Apply Now |
| IIFL | 11.4% to 15% | 0.25 to 2% | Up to 7.5 Crore | 1 to 5 Years | Apply Now |
What are the Documents Required for LAP Loan in Delhi?
The following documents are required when applying for a Loan Against Property.
| Document | Salaried | Self-Employed |
|---|---|---|
| Proof of Identity | PAN/Aadhaar/Passport/Driving License | PAN/Aadhaar/Passport/Driving License |
| Address Proof | Aadhaar/Passport/Utility bills | Aadhaar/Passport/Utility bills |
| Income Proof | 3 Months payslips (Latest) | Past two years audited financial statement |
| Bank Account Statement | Last 6 months Bank statement of salary account | 1-year bank statement of current/savings accounts |
| EMP ID Card/Official Email Id | Business license details | NA |
| Income Proof | To apply for the loan, you will need to provide income proof, which includes the following documents:
| Documentation verifying business income and tax returns:
|
| Required Property documents |
| Original land ownership document |
| EC Copy | Encumbrance Certificate for the home | Encumbrance Certificate for the home |
| Plan and Permission | Copy of the approved plan and permission from Local Authorities | Copy of the approved plan and permission from Local Authorities |
Note: Bankers may request for additional documents depending on requirements during the loan process.
Interest Rates for Loan Against Property in Delhi 2025
The interest rates for loans against property range from 9.00% p.a. to 25.00% p.a.. The rate you're offered depends on factors such as your loan amount, credit score, and repayment duration. Maintaining a good CIBIL score helps you to get the best interest rates from the bankers.
| Delhi Loan Against Property Details | |
|---|---|
| Interest Rate | 9.00% p.a onwards |
| Processing | Up to 3.00% of the loan amount |
| Loan tenure | Can be up to 20 Years and above |
Note: The above-mentioned interest rates are subject to change from time to time.
* Note: Wherever the details regarding interest rates, processing fees and tenure are mentioned, they may differ as per the lenders' discretion. The actual eligibility will be determined based on the borrowers' risk profile during the loan application process.
Loan Against Property in Delhi FAQs
Which types of properties are eligible to serve as collateral for a loan against property?
The properties that our bank accepts include residential, commercial (shops and offices), industrial, and specialized properties.
What is the duration or repayment period for a loan against property?
The tenure is ranging from 10 to 20 years
What fees and charges are involved in closing my loan against property prematurely?
To close the loan early, there are foreclosure charges imposed, and these charges are subject to the bank's policies.
I have an inquiry that isn't mentioned here; what steps should I take?
Our loan specialists are here to help you, please feel free to contact our customer representative at 9059365625. If you have a more pressing matter to discuss, please visit our branches.