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Rate of Interest for Loan Against Property

The rate of interest on loan against property varies from bank to bank and financial institution depending on the amount of loan and type of property. Here are the details of rate of interest on loan against property in various banks and finance companies.

 

Banks Up to 30 Lakh 30-75 Lakh 75 & above Processing fees
HDFC 10.35% – 12.35% 10.35% – 12.35% 10.35% – 12.35% Up to 1.25% of the loan amount or Rs. 3,000 whichever is higher, plus applicable taxes.
SBI 10.65% – 11.65% 10.65% – 11.65% 10.65% – 11.65% 2.00% or Rs.50,000 Maximum
ICICI Bank N.A N.A N.A 0.50% – 1.00% of the loan amount or Rs.2000 whichever is higher
Axis Bank 11.60% – 12.25% 11.60% – 12.25% 11.60% – 12.25% 1% + Service tax as applicable
PNB HFL 11.25% – 13.00% 11.25% – 13.00% 11.25% – 13.00% N.A
FedBank 12.22% – 15.47% 12.22% – 15.47% 12.22% – 15.47% N.A.
Indiabulls 11.00% – 14.50% 11.00% – 14.50% 11.00% – 14.50% Up to 1.50% of the loan amount + S. Tax as Applicable
DCB 13.50% 13.50% 13.50% 1% + service Tax or Min 5000/-
Standard Chartered 10.75% – 11.00% 10.75% – 11.00% 10.75% – 11.00% Up to 1% of the sanctioned amount
Citibank 10.25% – 11.50% 10.25% – 11.50% 10.25% – 11.50% N.A.
IDBI Bank 10.95% – 12.45% 10.95% – 12.45% 10.95% – 12.45% Up to 1% of the loan amount plus service tax as applicable
DHFL 13.75% 13.75% 13.75% 0.5% to 2% + Service Tax (case to case basis
LICHFL 11.00% 11.00% 11.00% 2500 + Service Tax
Fullerton 13% 13% 13% 1% of the loan amount
Reliance 13.50% 13.50% 13.50% 1%
Bank of India 11.20% – 11.70% 11.20% – 11.70% 11.20% – 11.70% 1% of sanctioned loan amount Min. Rs.5, 000/- and Max. Rs.50, 000/-.Plus S.T.
Tata capital 12.00% – 15.00% 12.00% – 15.00% 12.00% – 15.00% vary depending on the particulars of your loan
Kotak Upto 16% Upto 16% Upto 16% Upto 2% of Loan amount
CholaMandalam 12.6% – 29.00% 12.6% – 29.00% 12.6% – 29.00% N.A
HDBFS 11.00% – 20.00% 11.00% – 20.00% 11.00% – 20.00% 11.00% – 20.00%
Bajaj Finserv N.A N.A N.A Up to 2% of the loan amount
Uco bank 11.60% – 12.60% 11.60% – 12.60% 11.60% – 12.60% N.A.
Canara Bank 9.65% 9.65% 9.65% 1% of loan amount with a minimum of Rs.5000 and maximum of Rs. 50,000

Disclaimer: Please note that the interest rates given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.

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