About Mortgage Loans
Loanpao’s Mortgage Loans allow you to unlock funds by leveraging your property as collateral. Whether for business expansion, personal needs, or debt consolidation, we offer competitive rates and quick disbursal in Delhi, India.
Why Choose Our Mortgage Loan?
- Interest Rates starting at 9.0% p.a.
- Loan Amount from ₹10 Lakh to ₹10 Crore
- Flexible Tenure up to 15 Years
- Up to 60% of property value
- Approval within 10-15 business days
- Minimal documentation
- Collateral: Residential or commercial property
- Special rates for high-value properties
Are You Eligible?
| Criteria | Requirement |
|---|---|
| Applicant | Salaried, self-employed, or business owners |
| Age | 21-70 years |
| Collateral | Clear title of residential or commercial property |
| Credit History | No major defaults; credit score 700+ preferred |
What Documents Do You Need?
- KYC: Aadhaar / PAN / Voter ID
- Income Proof: Salary slips, ITR, Form 16
- Property Documents: Title deed, NOC, valuation report
- Bank Statements: Latest 6 months
- Collateral: Property ownership proof
Attractive Interest Rates & Affordable Fees
| Bank/Lender | Interest Rate | Processing Fee |
|---|---|---|
| SBI | 9.0% p.a. | 0.5% or ₹5,000 |
| HDFC Bank | 9.25% p.a. | 0.75% or ₹6,000 |
| ICICI Bank | 9.5% p.a. | 0.75% or ₹6,000 |
| Axis Bank | 9.75% p.a. | 0.6% or ₹5,500 |
| Kotak Mahindra Bank | 10.0% p.a. | 0.75% or ₹6,000 |
| Bank of Baroda | 9.25% p.a. | 0.5% or ₹5,000 |
| Union Bank of India | 9.5% p.a. | 0.5% or ₹5,000 |
| Punjab National Bank | 9.25% p.a. | 0.5% or ₹5,000 |
| IDFC FIRST Bank | 9.75% p.a. | 0.6% or ₹5,500 |
| Yes Bank | 10.0% p.a. | 0.75% or ₹6,000 |
| NBFCs | 10.25% p.a. | 1.0% or ₹7,000 |
| Co-operative Banks | 9.5% p.a. | 0.5% or ₹5,000 |
Extra Charges:
- Late Payment Charges: 2% p.m. on overdue amount
- Prepayment Charges: 3% on outstanding amount
- GST: Applicable on processing fees
Note: Rates and fees are indicative as of April 2025 and subject to change.
Calculate Your EMI Instantly
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How to Apply for a Mortgage Loan
- Complete the online or offline application with personal details.
- Submit KYC, income, and property documents.
- Provide collateral or property valuation details.
- Undergo verification of income and credit history.
- Review and accept the loan offer.
- Receive funds within 10-15 business days.
Common Questions About Mortgage Loan
What is a Mortgage Loan?
A Mortgage Loan allows you to borrow funds by using your property as collateral for various financial needs.
Who can apply for a Mortgage Loan?
Salaried, self-employed, or business owners aged 21-70 with a credit score of 700+ preferred.
What is the maximum loan amount?
Up to ₹10 Crore or 60% of property value, whichever is lower.
How long does approval take?
Approval takes 10-15 business days after verification.
Can I prepay the loan?
Yes, prepayment is allowed with 3% charges on outstanding amount.
Is collateral required?
Yes, a residential or commercial property with a clear title is required as collateral.
What is the repayment tenure?
Up to 15 years, with flexible repayment options.
Are there special offers?
Yes, special rates for high-value properties and waived processing fees for select applicants.
What documents are needed?
KYC, income proof, property documents, bank statements, and collateral valuation.
How does it affect my credit?
Timely repayment improves your credit profile, while defaults may limit future loan eligibility.