Loan Against Property (LAP)

Your Retail Property is your Real Asset

Personal Banking > Loans > Mortgage Loans > Retail Mortgage Loans

Whether it's higher education, business expansion or a brand new vehicle, with SVC's Loan Against Property, you can put your property to good use and make some dreams come true!

Who can Borrow  Individuals (singly/Jointly) except stock/share broker/s
Purpose To offer instant solutions relating to business needs or for personal needs any other productive legitimate purpose & not for speculative activities.
  • Education,
  • Acquisition of assets
  • Undertake expansion , acquire business assets, renovation in business premises
Security Mortgage of immovable property ( excluding open Plot of Land and Agricultural Land)  
Margin As under :-
Sr. No.
Property Agreement Date / Purchased on
% of Security Margin
1
Upto 1 year
20%
of  Agreement Value
OR
Market value whichever is less.

(Max Rs.70 Lakh against Residential Premises)

2
Above 1 year
& upto 2 years
35% to 40%
Of Realizable value
3
Above 2 years
40% to 50%
Of Realizable Value
Loan Amount
  • Against Property Rs. 500.00 lakh.
Repayment Period Maximum 180 months
Processing  Charges     1.00% plus ST  (Minimum Rs.5,000/- + ST)
Documentation Charges As applicable
Prerequisites
  1. Application form along with KYC documents &Income Proof
  2. Property to be mortgaged should be in the name of the borrower.
  3. Latest valuation report from bank’s approved valuer.

( Max Rs.70 Lakh against Residential Premises)