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Do you feel that you could do with a bit of extra financial backing but are hesitant to ask for a personal loan? In such a situation, Loan Against Property is the next best option that experts at BankCircle suggest. What renders this type of loan truly attractive is the number of advantages that can be accrued from it, primary being lower interest rates and the property being in your possession while you pay off the monthly installments one by one. And there is an icing on the cake too – the sky is the limit as regards the ways in which you can use these loans which could be for a marriage in the family, going for a adventure tour that you always longed for or diversifying your business. So, do check your eligibility requirements on BankCircle for availing this loan and explore channels to acquire it.

Loan Upto Rs. 10 Crores

Borrow up to Rs. 3 Crores for any purpose, depending on your requirements.

Lowest EMI Guranteed

  • Avail Attractive Interest Rates.
  • Repay with easy EMI' s .
  • Flexible repayment options, ranging from 5 to 25 years.

Hassle Free

  • Avail Attractive Interest Rates.
  • Repay with easy EMI' s .
  • Flexible repayment options, ranging from 5 to 25 Years.

Cash Back Offer

Assured Cash Back Upto Rs. 10, 000

Home Loan Detail Overview

Home Loan Interest Rates:

9.25% - 11.00%


Home Loan Processing Fee:

Rs. 1, 500 for Special offers otherwise 0.25% - 1.0% subject to Minimum Rs. 10, 000


Home Loan Forclosure Charges: Nil


Home Loan Repayment Period: 60 months to 240 months


Home Loan Amount: Upto Rs. 3 Crores


Home Loan Minimum Income: Min. Income 25, 000 per month

Home Loan Eligibility Criteria

  • Home Loan Eligbility Criteria | Salaried Individual
    • Minimum age of Applicant: 23 years
    • Maximum age of Applicant at loan maturity: 60 years
    • Minimum employment: Minimum 1 year
    • Minimum Net Monthly Income: Rs. 25,000 per month
  • Home Loan Eligbility Criteria | Self Employed
    • Minimum age of Applicant: 25 years
    • Maximum age of Applicant at loan maturity: 65 years
    • Years in business: 4 to 7 years depending on profession
    • Minimum Annual Income: Rs. 5, 00, 000 p.a.
  • Home Loan Eligbility Criteria | Doctors
    • Minimum age of Applicant: 25 years
    • Maximum age of Applicant at loan maturity: 65 years
    • Years in business: Minimum 5 years depending on profession
    • Minimum Annual Income: Rs. 3, 00, 000 p.a.

Home Loan List of Documents

  • Home Loan List of Common Documents
    • Complete Application Form.
    • Latest Passport Size Photograph.
    • Identity Proof and Signature proof (Any One) : Bank Signature Verification, Photo Pan Card, Passport, Voter ID card, employee identity card as identity proof and signature proof incase of government employees.
    • Address Proof (Any One) : Passport, Ration Card, Voter ID Card, Bank statement, Rent Agreement, Aadhar Card (UID), Telephone Bill, Electricity or Water Bill as proof of residence.
    • Date of Birth Proof (Any One) : Pan Card, Passport, Driving License or LIC policy. Date of Birth certificate.
    • Chain of Property Papers to be Morgaged.
  • Home Loan List of Financial Documents | Salaried Individuals
    • Minimum 3 months Salary Slips starting with the Latest Salary Slip duly authenticated by the Employer ( the above to clearly indicate the break up of Gross Earnings, Deductions and Net Salary ).
    • Form No.16 with clear computation of income.
    • Latest 6 months Salary Account Bank statement.
  • Home Loan List of Financial Documents | Self Employed
    • Income Tax Returns ( ITR ) for last 3 years.
    • Computation of Income (COI), Profit & Loss and Balance Sheet for the last 3 years.
    • Latest 6 months Bank Statement.
    • Office Address Proof: Latest Telephone bill, Electricity Bill, Water Bill, lease deed, municipal tax receipt, title deed.
    • Latest VAT/ Service Tax returns, if applicable.
    • Partnership Deed in case of Partnership Firms, MOA in case of Private Limited/ Limited Companies.

Illustration on Loan Against Property Rate of Interest


  • Annual Percentage Rate (APR) or Rate of Interest (ROI): 9.35%
  • Total Amount Borrowed: Rs. 10, 00, 000
  • Time Period: 240 months ( 20 Years )
  • Processing Fee payable to Bank: 0.5% = Rs. 5, 000
  • Fee payable to BankCircle: NIL
  • Total Monthly EMI: Rs. 9, 224
  • Total Interest Payable: Rs. 12, 13, 659
  • Total Amount Paid inclusive of Principal: Rs. 22, 13, 659
01

Loan Against Property EMI

Rs. 9, 224 ( Equated Monthly Installment or EMI to be paid in a tenor of 240 months or 12 years ).
02

Total Interest

Rs. 12, 13, 659 ( Total Interest to be paid in a tenor of 240 months or 20 years ).
03

Total Repayment

Rs. 22, 13, 659 ( Total Repayment including Principal Amount and Interest to be paid in a tenor of 240 months or 20 years ).

Experts are behind everything we do.

With our expert team having tremendous knowledge of the pecuniary market, we provide our customers with large database to compare the offerings of various financial institutions. This enables them to make sensible decisions that could be converted into reality.

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Our Core Services

With these specialisations, we embrace our mission to bring each client the best service.

Apply Personal Loan Online

Personal Loan

Need cash assistance or Personal Loan for buying a new laptop, daughter’s marriage, revamping a house? All good things in life come in surprise packages and at BankCircle we believe that you should be in a position to accept them financially and enjoy them to the fullest.

Apply Business Loan Online

Business Loan

Contrary to traditional thinking, now is the time to give concrete shape to your concept by starting your own business and actualizing your dreams. What about the financial aspect? Seek advice from professionals at BankCircle and they would advise on how to go about procuring a Business Loan.

Doctor Loan

It is but natural for every specialized professional to desire growth and progress in his chosen profession and doctors are no exception to this rule. Consulting with BankCircle is a viable option wherein our team would educate you not just on how to apply for a Doctor Loan but also the interest rates that you can expect to be charged.

Home Loan

Deep within their hearts, everyone harbours a picture of what their dream home would be like. But close your eyes for a second and imagine that it is indeed possible to buy the home that you have always dreamt of as your perfect abode. With BankCircle by your side, your dream home need not remain a dream – it can become a reality.

Loan Against Property

Do you feel that you could do with a bit of extra financial backing but are hesitant to ask for a personal loan? In such a situation, Loan Against Property is the next best option that experts at BankCircle suggest. And there is an icing on the cake too – the sky is the limit as regards the ways in which you can use these loans which could be for a marriage in the family, going for a adventure tour that you always longed for or diversifying your business.

Cash Credit | Overdraft

To meet the short-term financial requirements of your business, BankCircle would advise you to consider applying for a Working Capital Loan. Given the short term nature of this loan, it can truly come in handy for a businessman who wishes to expand his commercial horizons and explore hitherto unexplored frontiers. With BankCircle by your side, you not only can you find out if you are eligible for this loan but also how you can go about acquiring it by paying minimal interest rates.