Loan Against Property Eligibility Calculator

Different lenders have different criteria for deciding who can get a loan against property. But some common things they look at include your age, how much money you make, your credit score, what kind of job you have, and how much your property is worth.

Loan Against Property Eligibility Criteria

Particulars Eligibility Criteria
Minimum age 18 years (at the time of loan application)
Maximum age 70 years (at the time of loan maturity)
Income Minimum Rs 25,000 per month
Property type Residential or commercial
Work experience

For salaried: 2 years

For self employed: 3 years

Profession Salaried or Self-employed professional/ non-professional

Compare Interest Rates on Loan Against Property for Top Banks & HFCs

Name of the Lender Interest Rate (% p.a.)
State Bank of India 10.00 - 11.30 Apply Now
Axis Bank 10.50 - 10.95 Apply Now
Bank of Baroda 10.85 - 16.50 Apply Now
ICICI Bank 10.85 - 12.50 Apply Now
Standard Chartered Bank Starts from 9.25% Apply Now
HSBC Bank 9.75 - 14.00 Apply Now
Union Bank of India 10.45% - 13.10% p.a. Apply Now
PNB Housing Finance 9.25 - 15.00 Apply Now
IDFC First Bank 9.00 - 16.50 Apply Now
HDFC Bank Limited 9.50 - 11.00 Apply Now
L&T Housing Finance 9.50 onwards Apply Now
LIC Housing Finance 9.50 - 11.55 Apply Now
Godrej Housing Finance 9.75 onwards Apply Now
Indiabulls Finance 9.75% p.a. onwards Apply Now
Tata Capital 10.10 onwards Apply Now
Bajaj Housing Finance 9.75 - 18.00 Apply Now
Punjab National Bank 10.40 - 12.75 Apply Now
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Factors Considered by Lenders While Calculating Loan Against Property Eligibility

When deciding if you can get a loan against your property, lenders look at a few important things to see if you can pay back the loan and if you're reliable. Here are the main things they consider:


You need to be at least 18 years old to apply for a loan against property, and the oldest you can be at the time the loan ends is usually 70 years. The repayment period for these loans can often be up to 20 years, but some lenders set the maximum age limit at retirement age. This means that younger applicants have better chances of getting longer loan terms.

Property value

Lenders also look at the age, location, legal status, and approval of the property when deciding if you can get a loan against it. If your property doesn't meet the lender's requirements, your loan application might be turned down.

Income and occupation profile

Having a higher income makes it easier to pay back a loan, which makes lenders feel more confident lending to you. If you work for big companies, government, or if you're a self-employed professional like a doctor or a trader, lenders might offer you lower interest rates because your income is steady and reliable.

Repayment capacity

Many lenders want your total monthly loan payments, including the one you're applying for, to be no more than 50-60% of your monthly income. Choosing a longer loan term can lower your monthly payments, which can help if your loan eligibility is lower.

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FAQs on Loan against Property Eligibility Calculator

1. How much credit score is required for availing loan against property?

If your credit score is 750 or higher, you're more likely to qualify for a loan against property and get better interest rates. You can check individual lender websites to see their minimum credit score requirements for such loans. Alternatively, you can use online financial marketplaces to compare loan against property offers from different lenders based on your credit score.

2. Can I get a loan against property without income proof documents?

Lenders need to understand how much money borrowers make to see if they can pay back the loan. If you don't have proof of income, some lenders may ask for your bank statements to estimate your income and overall financial situation based on your transactions.

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