Avail ₹1 Crore Loan by Leveraging Your Property!
₹1 crore Loan Against Property is a financial option where you use your property as security to borrow ₹1 crore. It's a way to unlock the value of your property and get funds for personal or business needs. As a borrower, you can use your property as collateral, whether it's a house, office, or shop. Once you meet all the requirements, the loan application is easy and quick and gets your loan approved and disbursed fast.
EMI Calculator for ₹1 Cr Loan Against Property
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Interest Rate & Charges for ₹1 Cr Loan Against Property
₹1 Cr Loan interest comes with competitive interest rates starting at 9% p.a. onwards. Check out the details below:
| Interest Rate | 9% p.a. onwards |
| Loan Amount | From ₹51 Lakh to ₹5 Crore |
| Loan Processing Fees | Up to 1%, Plus applicable taxes |
| Lowest EMI per month | 1044* per Lakh for 180 months |
| Maximum Tenure | 3-15 years (12 years for Industrial/Warehouse) |
| Foreclosure/Prepayment Charges | 0%* If paid from own sources & 4%* If paid from other sources |
| Default Interest | 2% per month |
| Repayment Instrument Dishonour Charges | ₹500 per bounce plus applicable taxes |
| IMD Charges - Initial application fee | ₹10,000 - Non-refundable |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
₹1 Cr Loan Against Property EMI for up to 15 Years
When you're considering getting a ₹1 Crore Loan Against Property, planning your monthly EMIs is vital. With loan tenure up to 15 years, you have ample time to plan your EMIs and divide them into smaller amounts, making it more convenient. Moreover, you can use our EMI calculator to choose the most suitable loan option that fits your budget.
Required Eligibility Criteria & Documents for ₹1 Cr Loan Against Property
Before applying for a one crore Property Mortgage Loan, it's vital to understand the eligibility criteria and gather the necessary documents. Here are the typical eligibility requirements and documents needed:
Eligibility Criteria:
Property Ownership
Age
Property Type
Income
Credit Score
- Property Ownership: You must be the legal owner of the property against which you seek a loan.
- Age: Generally, applicants should be between 18 to 60 years old.
- Property Type: The property should be residential or commercial, and the title should be clear.
- Income: Lenders will evaluate your income to ensure you can repay the loan.
- Credit Score: A good credit score can improve your chances of approval.
Required Documents:
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Property Documents
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Income Proof
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KYC Documents
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Bank Statement
- Property Documents: Proof of property ownership, such as title deeds, property tax receipts, and building plan approvals.
- Income Proof: Salary slips, income tax returns, and other documents that demonstrate your financial stability.
- KYC Documents: PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport, and other identity proof documents.
- Bank Statements: Statements from your bank accounts, which show your financial transactions and history.
Benefits of ₹1 Cr Loan Against Property
1 crore Loan Against Property comes with several benefits, as mentioned below:
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Higher Loan Amount
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Attractive Interest Rates
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Flexible Repayment Tenure
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Multipurpose Use
- Higher Loan Amount: Secure a substantial loan amount based on your property's value.
- Attractive Interest Rates: Enjoy competitive interest rates compared to personal loans or credit cards.
- Flexible Repayment Tenure: Choose a repayment tenure of up to 15 years, making EMIs more manageable.
- Multipurpose Use: Utilise the funds for various purposes, such as business expansion, education, medical expenses, or debt consolidation.
Apply for ₹1 Cr Loan Against Property within 5 Minutes
Apply
Online
Apply Online
Click on ‘Apply Now’ and enter your contact details along with loan amount, tenure, and property type.
Enter
Property
Details
Enter Property Details
Enter your DOB and property ownership details.
Enter
Occupation
Details
Enter Occupation Details
Enter your occupation and employment details.
Verification
Verification
The application will then proceed for verification and assessment.
FAQ's About 1 Cr Loan Against Property
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