Help your clients get liquidity against their property at best interest rates.


Get a loan from the bank using the mortgage on your property to meet your financial demands. Loans are accessible to both salaried and independent workers. Fast & Simple Loan Processing and Quick Approvals are offered by Forrtuna. We offer loans with adjustable terms and straightforward, hassle-free documentation.

  • Eligibility Check
  • Documents
  • Best Offers

To apply for a loan against property, you must meet the required eligibility criteria. While the eligibility criteria for availing LAP varies from provider to provider, below are some general conditions that must be fulfilled to apply for loan against property:

Residential Status Resident Indian and Non-resident Indian
Minimum Age Limit 18 years
Maximum Age Limit 70 years
Employment Type Salaried, Self-employed Professional and Self-employed Non-professional
Minimum Salary At least Rs. 12,000 per month
Net Annual Income At least Rs. 1.5 lakh per annum
Work Experience At least 1 year in the current organisation
Eligible Loan Amount Up to Rs. 25 crore
Loan to Value Up to 75% of property value
Credit Score Preferably 750 and above
Property Type Residential, Commercial and Industrial


Note: The information in the table is indicative, the actual values may vary depending on multiple factors including your credit profile, lender, property and location.

Before applying for mortgage loan, use loan against property EMI calculator to know how much EMI you can afford on a certain loan amount, interest rate and tenure. Your loan against property EMI should not put strain on your monthly expenses. Once you find the EMI, loan amount and tenure that you are comfortable with, click the Apply Now button to proceed for the loan against property application process.

1. Proof of Identity (Passport Copy /Voter ID card /Driving License /PAN Card)
2. Proof of Residence (Ration card /Telephone Bill /Electricity Bill /Rental agreement /Passport copy /Bank Passbook or Statement /Driving License)
3. Proof of Age (PAN Card /Passport /any other certificate from a statutory authority)
4. Proof of Income for Salaried (Copy of Form 16, latest payslips, IT returns (ITR) of past 3 years, and investment proofs (if any)
5. Proof of Income for Self Employed (Details of ITR of last 3 years, Balance Sheet and Profit & Loss Account Statement of the Company/Firm, Business License Details and Proof of Business Address)
6. Property-related Documents (NOC from Society/Builder, detailed estimate of the cost of construction of the house, registered sale deed, allotment letter, and an approved copy of the building plan)

Note: The above list is indicative. The lender may require additional documents at the time of loan against property application.

Lender Interest Rates Processing Fees
Bajaj Housing Finance 7.00% – 18.00% Up to 1%
LIC Housing Finance 8.35% – 11.10% 0.5% of loan amount
Bank of Maharashtra 8.35% – 9.85% 1% of loan amount
Indian Bank 9.00% – 13.60% Up to 1%
Bank of Baroda 9.15%-14.80% TL: 1% (Min. Rs 8,500 per property; Max. Rs 1.5 lakh)
OD: Up to Rs 3 crores: 0.35% (Min. Rs 8,500 per property; Max. Rs 75,000)
Above Rs 3 crores: 0.25% (Min. Rs 8,500 per property; Max. No Limit)
SBI 9.30% – 9.70% Up to 1% (maximum Rs 50,000)
Union Bank of India 9.30% – 11.55% Up to 1 % of loan amount (Min. Rs 5,000 & Max. Rs 1 lakh)
UCO Bank 9.35% – 11.35% 0.50% of loan amount (up to Rs 2 lakh)
Bank of India 9.75% p.a. onwards Up to 1% (Min. Rs 5,000; Max. Rs 20,000)
Bandhan Bank 10.40% – 13.90% 0.25% – 1%


Mortgage interest rates in the table are subject to the credit/ risk profile as assessed by the lender on the basis of parameters such as credit scores, age and repayment capacity of the applicant.

Loan against property interest rates from all lenders as of 23rd June 2022. Mortgage loan interest rates in the table are subject to change anytime without prior notice.

How It Work

Step 1: Provide basic details such as your mobile number, loan amount and property location.

Step 2: Compare and apply from the list of offers.

Step 3: Wait for the loan experts to get in touch with you.