Amount Limit for Loan Against Property
The maximum percentage that one can get when availing Loan Against Property
- Self Occupied – 65%
- Vacant – 55%
- Rented – 55%
- Self Occupied – 50%
- Vacant – 40%
- Rented – 40%
These are the average values in the industry and this varies from bank to bank and the variance can be in the range of 5-10% property.
Eligibility for Loan Against Property
What are the eligibility factors for a mortgage loan?
- Age (Minimum 21 years)
- Valuation of property
- Financial Documents