WiseLoan Loan Against Property

In these diffilcult times we all need a additional support to fullfill our personal responsebilities.

WiseLoan's helps you to get personal loan at lowest interest rates and flexible re payment options which suits your requirement.

Our online process for instant personal loan application ensures that you can get the financial support you need within minutes from the comfort and safety of your home.

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Features and Benefits

  • You can also enjoy tax benefits on the interest paid for loan against property under section 37 (1) of the Income Tax Act, 1961.
  • Loan against property allows you to avail a huge amount of loans for upto 50% of the property value at low-interest rates.
  • Loan against property interest rates typically range between 7.20% to 21.60%.
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Loan Against Property Eligibility

You may be eligible for property loan in India from one or more banks if you meet the following eligibility criteria:

  • Age: To avail loan against property, you should have a minimum age of 18 years and maximum upto 65 years.
  • Tenure: You can avail loan against property for a maximum tenure of 20 Years.
  • Income: Banks prefer a minimum income of ₹ 10,000 for salaried persons and ₹ 2.5 Lakh per annum for self employed.
  • Work Experience: For salaried applicants, the minimum work experience required is 3 years.
  • CIBIL Score: Banks consider 650 and above credit score to be eligible for loan against property.

Types of Loan Against Property

The Rate of Interest on Personal Loans is between 11-14% depending on your credit score.

Business Expansion Loans
Working Capital Overdraft Facility
Home Renovation
Lease Rental Discounting

Interest Rates for Loan Against Property

Lowest Interest Rate 7.20%
Processing Fee Upto 1% of loan amount
Loan Tenure Upto 20 years
Lowest EMI Per Lakh ₹ 787 for 20 years
Prepayment Charges Nil charges
Last 2 years IT returns 700 & above

Compare Loan Interest Rates to others

Bank Name Interest Rate Starts From Processing Fee(Up to)
SBI Loan Against Property Interest Rates 8.05% 0.50%
HDFC Loan Against Property Interest Rates 8.75% 0.75%
ICICI Bank Loan Against Property Rates 8.60% 0.50%
Axis Bank Loan Against Property Rates 8.50% 0.75%
PNB Housing Finance 9.50% 0.75%
LIC Housing Finance 8.50% 0.75%