Loan Against Property:

After a lifetime of working and raising families, you deserve a good retirement period

Avail Home Tree loan against property for your personal or business needs. Both residential and commercial properties can be mortgaged for taking a loan against property.

  • Loan against fully constructed, freehold residential and commercial properties for:
    • Business Needs
    • Marriage, medical expenses and other personal needs
    • Transferring your outstanding loan availed from another Bank / Financial Institution
  • Longer tenure, smaller EMIs.
  • Attractive interest rates.
  • Easy and hassle free documentation.
  • Simple repayments through monthly instalments.
  • Integrated branch network for availing and servicing the loan anywhere in India.
Who can apply for a loan against property?

You can apply individually or jointly for a Loan Against Property. All owners of the property will have to be co-applicants. However, all co-applicants need not be co-owners. Generally co-applicants are close family members.

Loan Term
  • You may spread out your payments for the loan over a maximum term of 15 years.
  • The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the specific repayment scheme as may be opted and any other terms which may be applicable based on prevalent norms.
Maximum Loan Amount
  • Existing Customers
    The principal outstanding on all existing loans and the Loan Against Property being availed should not cumulatively exceed 60% of the Market Value of the mortgaged property .
  • New Customers
    Loan Against Property being availed should not, generally, exceed 50% of the Market Value of the property,
Types of Loan Against Property
  • Adjustable Rate Loan
    Loan against Property under the Adjustable Rate is linked to Any Bank Retail Prime Lending Rate (RPLR). If there is a change in our RPLR, the interest rate on your Loan Against Property will be revised once in three months depending on the date of your first disbursement with or without a change in EMI. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting usually in an extension of term of the loan, and vice versa when the interest rate decreases.
Adjustable Rate Loan

RPLR: 16.45%

Loan Slab Interest Rates (% p.a.)
Self Occupied Residential Property (Upto 99.99 Lakhs) 9.60 to 10.60
Self Occupied Residential Property (100 Lakhs & Above) 9.35 to 10.35
Non - Self Occupied Residential Property (Upto 99.99 Lakhs) 9.85 to 10.85
Non - Self Occupied Residential Property (100 Lakhs & Above) 9.60 to 10.60
Loan Slab Interest Rates (% p.a.)
Commercial Property (Upto 99.99 Lakhs) 9.85 to 11.60
Commercial Property (100 Lakhs & Above) 9.60 to 11.35

The said offer is valid only for logins till 31 July, 2018 and first disbursement till 31, August 2018.

TruFixed Loan – 2 & 3 Year Fixed Rate Variant

Retail Prime Lending Rate: 16.45%

Loan Slab Interest Rates (% p.a.)
Self Occupied Residential Property (Upto 99.99 Lakhs) 9.75 to 10.75
Self Occupied Residential Property (100 Lakhs & Above) 9.50 to 10.50
Non - Self Occupied Residential Property (Upto 99.99 Lakhs) 10.00 to 11.00
Non - Self Occupied Residential Property (100 Lakhs & Above) 9.75 to 10.75
Loan Slab Interest Rates (% p.a.)
Commercial Property (Upto 99.99 Lakhs) 10.00 to 11.75
Commercial Property (100 Lakhs & Above) 9.75 to 11.50

Following are the documents you would need to submit for all applicants / co-applicants along with the completed and signed Application Form for the Loan Against Property approval:

Purpose Documents
Proof of both identity and residence (any 1)
  1. Valid Passport
  2. Voter ID Card
  3. Aadhaar Card
  4. Valid Driving Licence
For the complete list of KYC documents click here
Proof of income
  1. Last 3 months' Salary Slips
  2. Last 6 months' Bank Statements, showing salary credits
  3. Latest Form-16 and IT returns
Other documents
  1. Employment Contract / Appointment Letter in case current employment is less than 1 year old
  2. Last 6 months' Bank Statements showing repayment of any ongoing loans
  3. Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across
  4. Cheque for processing fee favouring ‘Home Tree’
  5. Declaration and documents clearly stating the end use of the loan
  6. Own Contribution Proof
Property related documents
  1. Title Deeds including the previous chain of the property documents
  2. Proof of no encumbrances on the property
  3. Approved plan if applicable
Apply Now