Loan Against Property Eligibility

How much I can get?
The eligibility of Loan against Property is calculated on the basis of either the percentage of property value that you own and how much income you have that you can return the emi with.So you can get Loan against property upto annex % of property value and the net amount that you earn after other emi a percentage of that amount can go into the emi.

Professional Details
Loan Amount
Net Salary/Income (Yearly/ITR):
Loan against Property is given on below mentioned properties and the % that you can get loan is listed below.
Residential Property:-
Self Occupied – 65%
Vacant - 55%
Rented - 55%
Commercial Property:-
Self Occupied – 50%
Vacant - 40%
Rented - 40%
This varies from Bank to Bank in 5- 10% of above.
To calculate how much you can pay its looked by most banks in the below mentioned ways
For Salaried:-
{(NTH - Obligation) * 60%} / EMI per Lac
For Self-Employed:-
{(NTH - Obligation) * 65%} / EMI per Lac
Whichever is lower from the  value of the property or your income- that loan amount will be given to you.

The other criteria are-Max. Age:-
For Salaried – 60 Years  & For Self-Employed – 70 Years
Eligibility Gross annual income of Rs 1,20,000 or above 23 years of age and above, Maximum age of 58 years or your retirement age, whichever is higher at the time of loan maturity, At least 3 years of work experience, Loans from Rs 2.1 Lakh to Rs 1 Crore. Avail loans up to 60% of market value of residential properties and 50% market value of commercial properties, The loan can be used by proprietors, self employed professionals, partnership firms and private limited companies
Tenure -
Interest Rate -
Eligibility Loans from Rs. 2 Lacs onwards depending on your needs, Borrow up to 60% of market value of the property, Flexibility to choose between an EMI based loan or an Overdraft - We also offer to you overdraft against your self-occupied residential or commercial property and you save money by paying interest only on the amount utilized!
High tenure loans for ease of repayment, Specially designed products for Self Employed
Tenure    -
Interest Rate -
Eligibility An Employee or A Professional, self-employed or an income tax assessed or Engaged in agricultural and allied activities, Your Net Monthly Income (salaried) is in excess of Rs.12,000/- or Net Annual Income (others) is in excess of Rs.1,50,000/-, The income of the spouse may be added if he/she is a co-borrower or a guarantor, Maximum age limit: 60 years
Tenure        -
Interest Rate -

Check Your Eligibility For Loan Against Property with Various Banks

SBI, HDFC, Axis Bank, Bank of Baroda, Bank of India, Union Bank, DHFL, LIC Housing, SBP, Canara Bank, Allahabad Bank, ICICI Bank, Yes Bank, Citibank, PNB, uco bank, Indiabulls & others.

Use this tool for calculate your Loan Against Property Eligibility in Various Cities of India: List Below

Delhi/NCR, Mumbai, Kolkata, Chandigarh, Chennai, Bangalore, Ahemdabad, Jaipur, Aurangabad, Baroda, Bhiwadi, Bhopal, Bhubneshwar, Cochin, Coimbatore, Cuttack, Dehradun, Delhi, Faridabad, Gaziabad, Gurgaon, Guwahati, Hosur, Hyderabad, Indore, Jabalpur, Jamshedpur, Kanpur, Kochi, Lucknow, Ludhiana, Madurai, Mangalore, Mysore, Mumbai, Nagpur, Nasik, NaviMumbai, Noida, Patna, Pune, Ranchi, Raipur, Rewari, Sahibabad, Surat, Thane, Thiruvananthapuram, Trivandrum, Trichy, Vadodara, Vishakapatanam, Vizag

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