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Loan Against Property Overview

Apply for Indusind Bank Loan against Property to meet your business or personal needs. Our “Loan against Property” solutions will help you unlock the hidden value of your property. With this multi-purpose loan you can now fulfill any of your personal or business needs. What’s more, this loan can be repaid comfortably over as many as 15 years.

Features & Benefits

Loan Against Property Features & Benefits

  • Maximum loan eligibility at attractive interest rates
  • Door step service, easy documentation & speedy approval
  • Loan against Residential or Commercial properties
  • Loan for purchase of commercial property
  • Funding against rentals from commercial property
  • Takeover of Existing loan with additional finance


Eligibilty for Loans Against Property

Following constitution borrowers are eligible

  • Individuals/Proprietorship concerns
  • Partnership firms
  • Private Limited Companies
  • Closely held Public Ltd Companies (not listed on any stock exchange)

Salaried Individual

  • Any individual employed permanently in any Public sector Undertaking, Government undertaking, Multi National Company, Listed public limited company or well-known private limited company can apply
  • Minimum age at the time of loan application should be 21 years & maximum age at loan maturity should be lower than retirement age

Self Employed Professional/Non Professionals

  • Doctors, Charted Accountants, Cost Accountants, Architects, Engineers, Company Secretary, CFA's can apply
  • Any individual filling Income Tax returns can apply
  • Minimum age at the time of loan application should be 21 years & maximum age at loan maturity should not exceed of 70 years


Documents Required for Loans Against Property

You can apply for Loan Against Property in India online. Please click on the Apply Now button on this page, fill in your details and submit. We will get back to you for further processing. Alternately, you can visit the nearest branch.

Documentation Required for Loans Against Property
  Individuals Non Individuals
Application form Application form with photograph
KYC Documents Valid identity/Residence/Signature proof
Proof of Income Latest Form 16/ITR copy/Appointment letter and latest 3 months’ salary slips / Salary Certificate Latest 2 years ITR along with Computation and Acknowledgement. 2 years financials with full schedules & audit rpt (Form 3CD & 3CB). Financials to be audited for T/O > 40 /60 Lacs case else shd be CA certified
Bank Statement Latest 6 months bank statement of the MAIN CA/SA/CC/OD account
Property documents Copy of all property documents of the concerned property that you wish to mortgage for loan
Processing fee Processing fee cheque Processing fee cheque

Interest Rates

Loan Against Property Interest Rates

APR Data for Q4FY20

Min Max Average Min Max
9.50% 13.50% 10.84% 9.60% 13.60%
Note: LAP APR is based on the minimum and maximum rate for a tenure of 10 years. Actual APR will vary based on actual interest rate and tenure.


LAP - Charges Schedule

Please click here to view schedule of charges

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  • Daily balance Upto Rs. 1 Lakh 4 %
  • Daily balance above Rs. 1 Lakh & upto (& including) Rs. 10 Lakhs 5 %
  • Daily balance above Rs.10 Lakhs 6 %

  • 1 year to 1 year 2 days 7 %
  • Indus Tax Saver Scheme - 5 years (upto Rs 1.5 lacs) 6.75 %
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