Loan Against Property interest rates


While searching for a loan against property, the first question that comes to mind is how much I can get


Percentage of loan that you can get on different types of property is listed below:

Residential Property:-
 Self Occupied - 65%
 Vacant - 55%
 Rented - 55%
 Commercial Property:-
 Self Occupied - 50%
 Vacant - 40%
 Rented - 40%

Note: The amount of loan available against property varies from bank to bank in the range of 5-10%

Interest Rates and processing fees charged by Major Banks on Loan against property:

Banks Interest Rates Processing fees
HDFC 8.50% to 9.00% Maximum of 1% of loan amount
Ing vysya N.A 1%
SBI 8.45% - 9.50% 1.00% or Rs.50,000 Maximum
ICICI Bank 8.35% - 9.25% 1.00 % + AT*
Axis Bank 10.50% - 11.25% 1% or Rs 10,000 (whichever is higher)
PNB HFL 9.50% - 10.15% N.A
IDBI Bank 8.75% - 9.35% Up to 1% of the loan amount plus service tax as applicable
Central Bank 10.80% 0.5 % of loan Amount subject to maximum of Rs.40,000.00
HSBC 8.35% 1% of the loan amount sanctioned or Rs. 10,000, whichever is higher
LIC HFL 11.00% 1.00% of Loan Amount + Service Tax, as applicable.
Reliance 13.50% 1%
Bank of India 8.85% - 9.35% 1% of sanctioned loan amount Min. Rs.5, 000/- and Max. Rs.50, 000/-.Plus S.T.
Tata capital 10.10% NA
HDBFS NA 1%
Uco bank 9.70% - 10.70% Upto 1% of the loan amoun
Canara Bank 9.95% - 12.00% 1% of loan amount with a minimum of Rs.5000 and maximum of Rs. 50,000

Disclaimer:Please note that the interest rates given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates. Banks/ Financial Institutions can contact us at contact-us for inclusions or updates.