Loan Against Property

Fulfill your financial needs with the help of your property. Whether you are salaried or self-employed, RBL Bank Loan Against Property helps you to realise the true value of your property to meet your business and personal needs.

Key Benefits

Get a loan amount of up to INR 15 Crores*
Enjoy a convenient loan repayment option of up to 240 months
Residential, Commercial & Industrial properties are accepted
Avail a loan of up to 80% of your property value
Minimal documentation and faster approvals
Avail attractive interest rates
Overdraft facility available

*Loan approval at the sole discretion of RBL Bank limited | T&C Apply

Variant: Dropline Overdraft against Property

Manage your fund requirements for business needs with the Drop-line Overdraft Against Property and pay only for what you use. Drop-line Overdraft Against Property is an overdraft facility against property as collateral for self-employed customers.

Drop-line Overdraft limit of up to INR 15 Crores
Drop-Line overdraft tenure up to 20 years

Eligibility

Loan Against Property can be availed by salaried individuals, self-employed individuals, self-employed professionals, sole proprietorships, partnership firms, and private limited companies (including closely-held public limited companies.)
Loan Against Property is offered to Indian Residents only.

Salaried Individuals

Minimum gross salary of INR 1,50,000* per annum.
Minimum age at loan sanction: 23 years | Maximum age at loan maturity: lower than 60 years or retirement age.

Self-Employed Individuals and Professionals

Minimum net profit as per latest year ITR/Financials of INR 1,50,000*.
Minimum age at loan sanction: 23 years | Maximum age at loan maturity: 75 years.

PAN Card: For Individual/Partnership Firm/Company
Identity Proof: Any one Official Valid Document*(e.g. Voter ID/Driving License/Passport)
Address Proof: Any one Official Valid Document*(e.g. Voter ID/Driving License/Passport/Telephone Bill/Electricity Bill/Registered Lease Deed or Sale Agreement/Bank Statement)
Business Continuity Proof: Any one document dated 5 years old (Bank Statement/Sales Tax Challans/IT Returns/Shops & Est. Certificate/COI/Partnership Deed)
Passport Size Photographs
Collateral related documents

*Applicable KYC guidelines as shared by regulator from time to time to be followed

Financial Documents Required

For Salaried:

Last 1 years Income tax returns / Form 16 issued by the employer.
Latest 3 month salary slips.
Six months bank statement required with salary credits.

For Self-Employed Individuals/Sole Proprietorships:

Latest audited ITR and financials for the last 2 years (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules).
Last 12 months Bank account statements of all applicants whose income is considered.

For Self-Employed Professionals:

Latest audited ITR and financials for the last 2 years (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules).
Last 12 months Bank account statements of all applicants whose income is considered.
Professional qualification certificate and Degree certificate for professionals (Doctors, Architects, Chartered Accountants etc.)

For Partnership Firms/Private Limited Companies:

Latest audited ITR and financials for the last 2 years (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules).
Last 12 months Bank account statements of all applicants whose income is considered. Partnership Deed and partnership authority letter for partnership firms.
Memorandum and Articles of Association and Board Resolution from the company.
Certificate of Incorporation (COI) for companies.
Latest shareholding patterns for Private/Public Ltd. companies.

What kind of property is acceptable for RBL Bank Loan Against Property?

Both residential and commercial property is acceptable for Loan Against Property. The property may be self-occupied, industrial or rented. Mixed use property is also acceptable.

Is it possible to transfer my existing loan to RBL Bank?

Yes. You can transfer your existing Loan Against Property from any other financier to RBL (Balance Transfer) and avail of additional refinance.

What is the Loan Amount as a proportion of the value of property?

We fund up to 80% of the property value.

Can I club my income with others to avail Loan Against Property?

In case of salaried applicants, salary of upto 2 applicants can be clubbed. In case of non-individual applicants, salary of partner/director can be clubbed along with the income of the firm.

Will the loan eligibility be calculated only on the basis of income?

No. There is a separate surrogate program for LAP where other parameters would be considered instead of the applicant’s income.

Is there an option to prepay Loan Against Property earlier? Are there any charges?

Yes, you can prepay the loan availed with applicable charges. Please refer our schedule of charges for more detail.

Download Forms

Loan Against Property Application Form (Main & Co-app)

Loan Application Status

RBI Notifications

Service Charges

Vernacular Loan Against Property Application Forms

Note:

Co-applicant is mandatory for all loans.
Terms and Conditions apply.
All Loans are at the sole discretion of RBL Bank.
RBL Bank will notify you about the loan decision in approximately 14 working days from the date of receipt of the completed application form and all the required documents.
The customer shall ensure that in case there is any update / change in residence / contact information / employment submitted to the Bank at the time of availing Loan facility and thereafter, as necessary: he / she shall submit to the Bank the update of such documents within 30 days for the purpose of updating the records at the Bank's end.