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Secured LAP

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8.5% R.O.I

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Less Documentation

How Loan
Against Property Works?

Loans against property is secured loans where the collateral is pledged against the asset. This asset could be land, a house, or other commercial premises.

My Mudra is providing loans against Property from top banks at the lowest interest rate starting from 8.5% R.O.I. Utilize your property and achieve all your dreams. Get the lowest interest rate on Loan Against Property with My Mudra.


How Loan Against Property Works?

Eligibility and Documentation
For Loan Against Property

Eligibility & Documentation for Loan Against Property 

Citizenship: The borrower should be an INDIAN CITIZEN

Age: The age of the borrower should be between 23 YEARS to 55 YEARS.

Documents required for Loan Against Property

For Self- Employed

1. PAN Card

2. Application Form

3. Identity Proof (Adhaar Card, Driving License, Passport, VoterID)

4. Address Proof ( Passport/Driving License/Voter's ID/ Utility Bill/Bank Statement/Bank Account) Passbook (Updated and no more than 3 months old) / Adhaar Card

5. Ownership Proof (Agreement Copy / Electricity Bill / Maintenance Bill with share certificate / Municipal tax bill/Share certificate)

6. Business Proof ( GST Details, ITR of the company)

7. Banking of the company

 

For Salaried Employees

1. Application Form

2. Identity Proof (Adhaar Card, Driving License, Passport, VoterID)

3. Address Proof ( Passport/Driving License/Voter's ID/ Utility Bill/Bank Statement/Bank Account)

4. Salary Slip

5. Form-16

6. Banking Details of last 6 months


Eligibility and Documentation For Loan Against Property

How to apply for
Loan Against Property

Loan Against Property from My Mudra can be applied by following the steps mentioned below. 

1. Apply for Loan Against Property online by clicking on the link and filling in the required details. 

2. Our agent shall call you and give you a brief about the process of a Against Property Loan. 

3. Complete the documentation online and track the status of your loan application through the My Mudra portal. 

4. Get quick approval and disbursement of your Loan Against Property


How to apply for Loan Against Property

Which banks to apply for Loan Against Property?

Banks

Rate of Interest

HDFC Bank

8.00% p.a. - 8.95% p.a.

Axis Bank

7.90% p.a. -9.30% p.a.

IDFC Bank

7.5% p.a. onwards

Tata Capital

10.10% p.a. onwards

 

Loan Against Property EMI Calculator

Loan Amount

Tenure

MO

Interest Rate

%

Your Monthly loan emi Rs.23,537

Monthly amount paid to your loan provider

Interest rate

Total Payble Amount

Rs.5,64,882

your loan details as specified by you

Loan Amount
Rs.5,00,000
Tenure
24
M
Interest Rate
12
%

Frequently Asked Questions
On Loan Against Property

What are the benefits of Loan against Property?
The benefits for Loans Against Property are mentioned below. Lower interest rates compared to unsecured loans. Longer repayment tenure, providing flexibility. Higher loan amounts based on property value. Multipurpose use of funds. Quick processing and approval. Potential tax benefits on interest payments. Improve credit score by timely repayments.
What is the interest rate of Loan Against Property?
The interest rate for the Loan Against Property is 8.5% R.O.I.
Where we can use Loan Against Property?
Loan Against Property can be used for various purposes, including: Business expansion or working capital. Education or higher studies. Medical emergencies or treatment. Home renovations or repairs. Debt consolidation. Funding a wedding or family functions. Investment in another property or real estate. Personal financial needs or emergencies.
What are the documents required for Loan Against Property?
A person needs KYC Documents, Property Documents, Income Proof as the mandatory documents for Loan Against Property.
How we can apply for the Loan Against Property?
Mentioned below is the process to apply for the Loan Against Property: Apply for Loan Against Property online with My Mudra. Get the documentation done online. Enjoy Quick approval and disbursal of Loan Against Property.