Loan against property is a secured loan availed of against a commercial or residential property kept as collateral with the lender. As the funds come with no end-use restriction, borrowers can utilise the funds for various purposes, such as to fund a business expansion, or your child’s wedding or education.
personal loan against property interest rate
Check out the Best Loan Against Property Schemes
| Bank | Interest Rate | Loan Amount | Tenure |
|---|---|---|---|
| State Bank of India | 8.45% p.a.- 10.00% p.a. | Up to 7.5 crore | 3-15 years |
| HDFC Bank | 8.00% p.a. – 8.95% p.a. | Up to 65% of the value of the property | Up to 15 years |
| IDFC First | 7.5% p.a. onwards | Up to Rs.7 crore | Up to 20 years |
| Tata Capital | 10.10% p.a. onwards | Rs.10 lakh – Rs.3 crore | Up to 15 years |
| Axis Bank | 7.90% p.a. -9.30% p.a. | Rs.5 lakh – Rs.5 crore | Up to 20 years |
| Kotak Mahindra Bank | 9.5% p.a. onwards | Rs.10 lakh – Rs.5 crore | Up to 15 years |
| IIFL | 11.50% to 25% p.a. | Up to Rs.10 crore | Up to 10 years |
| Edelweiss Financial Services Ltd | As per the terms and conditions | Up to Rs.25 crore | Up to 15 years |