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Loan Against Property for Salaried Individuals for Home Expenses

Setting up a new home or fixing up an old one can cost so much money. You can easily spend a few lakhs on revamping a bedroom, kitchen, or other similar space. It is smart not to touch your savings and get a loan against property to pay for these costs.

Renovation

RENOVATION

We all want to alter little things in our homes and make them better. As kids get older, they may also have different needs for their rooms and style. With more money, it is easy to cover these kinds of costs.

Interiors

INTERIORS

With nice interiors, you can live in style and feel at home. Make small changes, paint the walls, or add beautiful things like chandeliers, marble decor, and more to your home to make it feel cosier. Use our loan against property to get the money you need to make changes to your home.

Furnishings

FURNISHINGS

It is easy to transform your apartment into a luxurious home by adding trendy furniture, upholstered pieces, and decorative lighting. With a range of options available, you can splurge on lavish furnishings without putting a dent in your savings.

Major Repairs

MAJOR REPAIRS

Every few years, your house might need much work. For important repairs, you might need to work with civil contractors, architects, or other experts. Depending on how large the house is, these fixes could cost anywhere from one lakh to ten lakh or more.

Smart Home

SMART HOME

For all the right reasons, smart homes are trendier than ever. Our loan against property will enable you to realise your dream of living in a smart, technologically advanced home. Choose voice-activated lighting, a smart air conditioner, a security system with technology, and more.

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Frequently asked questions

Who can get a loan against property?

If you are a salaried individual, you can apply for a loan against property, if you meet our eligibility criteria. Your age, employment status and city of residence are some of the key criteria taken into consideration.

Am I eligible for a loan against property?

A salaried Indian citizen between the age group of 10 years to 95 years, years is eligible to apply. Other factors like your income profile, your CIBIL Score, etc. are also considered during the approval process.

*Terms and conditions apply.

How much loan will I get against my property?

Loan against property is a secured loan in which you mortgage your property to a lender in exchange for an amount to cover your expenses. Several factors influence the final loan amount, including the individual's profile and repayment capacity, the property's valuation, and the lender's loan-to-value ratio.

What is the maximum repayment tenure for a loan against property?

You can repay the borrowed sum over a convenient repayment tenure of up to 15 years.

What should be my CIBIL Score if I want to apply for a loan against property?

The CIBIL Score is an important indicator of your creditworthiness. To get a loan against property, it is preferable to maintain a CIBIL Score of 700 or higher.

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