Loan Against Property
Interest Rates @9%
Higher Loan Amount | Longer Tenure | No Hidden Charges
Check-Out LAP Interest Rate and Applicable Charges
Availing a Loan Against Property on affordable terms is crucial for borrowing smartly. We understand the need of our customers and have designed our loan to offer a seamless experience. The Credit Success Loan Against Property is offered at a low rate of interest and fees. What’s more, there are no hidden charges whatsoever, and we assure 100% transparency in all our loan dealings.
Interest rate
Keep your EMIs affordable with our competitive interest rates starting at just 9%* p.a. Fund your expenses using this low interest loan amount.
Processing fee
We levy a nominal processing fee to handle loan processing, verification, and other administrative services. Our charge ranges up to 1% of the sanction amount plus taxes.
Foreclosure charges
You can foreclose your loan by paying 0% charges if paid from own sources and 4% charges on the outstanding loan amount plus taxes if paid from other sources.
Other fees and charges
Other charges for Loan Against Property as applicable as given below:
- Initial Commitment Fee (Initial application fee is Non-Refundable)- ₹10,000/-.
- Kindly check our tariff sheet document to get more details about our other fees and applicable charges.
Loan Against Property – Schedule of Charges & Other Features
| Loan Against Property Interest Rates | 9% p.a. Onwards |
| Loan Amount | From ₹51 Lakhs to ₹25 Cr |
| Loan Processing Fees | Up to 1% Plus applicable taxes |
| Lowest EMI per month | 1044* Per Lakh for 180 Months |
| Maximum Tenure | 3-15 years (12 years for Industrial/Warehouse). |
| Foreclosure/Prepayment Charges |
4 % on the outstanding loan Plus applicable taxes.
|
| Late Payment Charges | 2% per month |
| Cheque Bounce Charges |
₹1000 per bounce plus applicable taxes
|
| IMD Charges – Initial application fee |
₹10,000 – Non Refundable
|
| Stamp Duty |
At actuals (as per state)
|
| No Other Hidden Charges | |
Tips For Loan Against Property Foreclosure
A foreclosure is when you pay off the remaining outstanding loan principal amount in a single payment. When done right, a foreclosure can help you save on interest amount but must be done only after careful planning. If it is a large payment, it can have a significant impact on your financial health. To avoid any negative implications, follow these tips:
Check the foreclosure charges
Do a cost-benefit analysis to know your true savings
Use an online foreclosure calculator for more detailed analysis
Plan to foreclose as early as possible for maximum savings
Frequently Asked Questions
What is the starting rate of interest on a Loan Against Property?
Credit Success offers a Loan Against Property at some of the most competitive rate. Our LAP interest rate starts at just 9%* p.a., making this one of the most cost-effective options.
How can I get the lowest mortgage loan interest rates?
To enjoy the lowest interest rates and ensure maximum affordability, follow these simple tips:
Apply with a strong financial profile
Pledge a property with a high market value
Have a good credit score
Meet all the loan eligibility criteria without any issues
Is there a way to reduce the mortgage loan interest payable?
Yes. Some of the best ways to reduce the interest on Loan Against Property are as follows:
Negotiate for a lower interest rate
Even though you might be eligible for a higher amount, borrow only the amount you require
Opt for a shorter tenure
What is the processing fee chargeable on the Credit Success Loan Against Property?
We ensure an affordable experience and only levy nominal charges on our Loan Against Property. You only must pay a processing fee that ranges up to 1% of the sanctioned loan amount plus applicable taxes.
Can I foreclose the Loan Against Property before the tenure ends?
Yes. You can foreclose your loan before tenure ends. There will be 0% foreclosure charges if paid from own sources and 4% charges on the outstanding loan amount plus taxes if paid from other sources.