Loan Against Property in Chennai

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Get a Loan Against Property in Chennai With Quick Disbursals

Loan against property in Chennai is the ideal solution to unlock the value of your property and meet your financial needs. With Tata Capital, enjoy quick disbursals, competitive interest rates, and flexible repayment options. Whether it’s for personal or business purposes, our loan against land in Chennai offers a seamless and hassle-free borrowing experience

Features and Benefits of a Loan Against Property in Chennai

Quick & Easy LAP Loan Processing: We know that you need funds immediately, which is why we process your loan against property application swiftly. With minimal paperwork and online application, the entire LAP loan process can be done online. It’s easy. It’s fast.
Nature of Collaterals Accepted for Loan on Property: We accept a wide range of collateral for loan on property to fund your immediate financial needs. You can get a loan against residential/commercial property, loan against land, loan against plot, loan against industrial property, and much more.
Longer LAP Loan Repayment Tenure: Choose a loan against property repayment tenure that fits your budget and requirements. With Tata Capital, you can avail of a property loan for up to 20 years.
Competitive Property Loan Interest Rates: Tata Capital's loan against property interest rates start at 9%, providing you access to higher property loans at affordable rates.
Loan Against Property Overdraft Facility: Looking for extra cash? Our loan against property comes with an overdraft facility to help you meet your financial contingencies.
Pre-Qualified Top Up on Property Loan: Getting extra finance couldn’t get easier. Our existing LAP loan customer gets the facility of a Pre-qualified Top Up loan. With Tata Capital, you can easily avail of credit over and above your property loan amount to fund big expenses.

Loan Against Property EMI Calculator

Loan amount

₹

₹75,000 ₹35,00,000

Loan duration

1 Years 6 Years

Rate of interest

10% p.a 19% p.a

Monthly EMI

Total Amount Payable

0*
Total Interest Payable

0*

Total Amount Payable

Total Interest Payable

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Eligibility Criteria for Loan Against Property

If you're a salaried individual, you must fulfil the following loan against property eligibility criteria:

Segment - Working in MNC / Public Ltd. Co/ Large Pvt. Ltd. Co./State Govt/ Central Govt. / PSU

Age - Minimum- 23 Years and Maximum- 65 Years or age of retirement - whichever is earlier at loan maturity

Occupational Stability - Minimum 3 Years

If you're a self-employed professional, you must fulfil the following loan against property eligibility criteria:

Segment - Doctors, Architects, Chartered Accountants

Age - Minimum- 23 Years and Maximum- 70 Years at loan maturity

Income per annum - Rs 2,50,000

Occupational Stability - Minimum 3 Years

If you're a self-employed individual, you must fulfil the following loan against property eligibility criteria:

Segment - Traders, Retailers, and Wholesalers

Age - Minimum- 23 Years and Maximum- 70 Years at loan maturity

Income per annum - Rs 2,50,000

Occupational Stability - Minimum 3 Years

Segment- Firm, Pvt. Ltd., Public
Must have occupational stability of at least 5 years (with at least 2 years of cash profit)

Documents Required for Loan Against Property

If you're a salaried employee and meet the LAP eligibility, you must produce the following documents-

Photograph

Photo Identity Proof

A copy of your Voter ID / Passport / Driving License / Aadhaar Card

Address Proof

A copy of your Ration Card / Electricity Bill / Passport

Signature Verification

Income Proof

Submit Form 16 for the last 2 years and a copy of your bank statements for the last twelve months

Salary Slips

A Copy of your Salary slips for the last three months

If you are a self-employed professional and meet the loan against property eligibility, you must produce the following documents-

Photograph

Photo Identity Proof

A copy of your Voter ID / Passport / Driving License / Aadhaar Card

Address Proof

A copy of your Ration Card / Electricity Bill / Passport

Signature Verification

Income Proof

Income Tax Return, Profit and Loss, Balance Sheet & a copy of your bank statements for the last 12 months

If you are a self-employed individual and meet the LAP eligibility, you must produce the following documents-

Photograph

Photo Identity Proof

A copy of your Voter ID / Passport / Driving License / Aadhaar Card

Address Proof

A copy of your Ration Card / Electricity Bill / Passport

Signature Verification

Income Proof

Income Tax Return, Profit and Loss, Balance Sheet & a copy of your bank statements for the last 12 months

Non-individuals who meet the loan against property eligibility must produce the following documents-

Address Proof

A copy of your Ration Card / Electricity Bill / Passport

Authorised Signatory Verification

Firm KYC

Income Proof

Income Tax Return, Profit and Loss, Balance Sheet & a copy of your bank statements for the last 12 months

Loan Against Property in Chennai Interest Rates & Charges

Penal Charges

Apart from the interest rate, every loan carries penal charges and certain other fees that the borrower is liable to pay. Penal charges are incurred when the borrower violates specific loan agreement terms.

In case of delayed payments

This is a charge for late EMI payments, calculated based on the number of days your EMI remains unpaid.

3% per month on the defaulted amount (Annualized Penal Charge of 36%)

Dishonour of any cheque/
payment instruments

These are those charges that are levied in case of an EMI bounce per instance. In other words, these charges are levied when you miss a Loan Against Property EMI payment due to inadequate funds in your bank account.

Rs. 1500 per instrument per instance

Mandate Rejection Service Charge

Charges will be levied if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by borrower’s bank for any reasons whatsoever. Tata Capital charges a nominal amount of Rs. 450.

Non-Creation / perfection of security

This is a charge applied if you fail to complete the required formalities to establish the loan collateral.

NIL

Other Charges

Application Fees

This fee covers the cost of verifying your documents, completing necessary compliance checks, and conducting due diligence before your loan is disbursed.

Rs. 3,000 for a loan up to Rs. 1 crore

Rs. 5,000 for a loan above Rs. 1 crore

Statement of Accounts Charges

This is a charge applied for providing a physical copy of the Statement of Account – a statement having a list of all transactions made in your loan account during a given period.

Customer portal - NIL

Branch walk-in - Rs. 250

Loan Cancellation Charges

This is a charge applied for cancellation of your loan.

Rs. 25,000

CERSAI Charges (Non Refundable)

This is a government fee imposed for registering mortgage details with CERSAI to enhance loan security and transparency to prevent multiple lending frauds and protect lender interests.

a) For loans up to Rs. 5 lakhs - Rs. 50 per filing/modification

b) For loans above Rs. 5 lakhs - Rs. 100 per filing/modification.

c) OR such other charges as may be stipulated by the Central Registry from time to time

Document Handling and Retrieval Charges

This is a charge applied for the safe storage, maintenance, and retrieval of collateral documents

Rs. 5,000

LOD Statement charges

This is a charge applied towards providing a physical copy of the list of documents.

Rs. 1000 per request

Foreclosure Report Charges

This is a charge applied for providing a physical copy of the foreclosure report.

Customer portal – NIL

Branch walk-in - Rs. 500

Repossession Charges

This is a charge applied when an asset is repossessed due to non-repayment of the loan.

At actuals

Stamp Duty

This is a government-mandated fee required for legally registering your loan agreement.

At Actuals

Legal & Valuation Fees

This fee covers the legal review of your loan and valuation of any asset or property provided as collateral.

a) For loans up to Rs. 1 Cr - Rs. 6,000

b) For loans above Rs. 1 Cr - Rs. 11,000

(Rs. 1000 for each additional property)

Charges for switching of loans from floating to fixed rate and vice versa (Repricing Charges)

If you wish to change the loan interest structure from floating to fixed rate or vice versa, impacting loan terms and repayment schedules, you are charged Repricing Charges.

a) Floating to Fixed Rate: Rs. 3000
b) Fixed to Floating Rate: 4% of POS

Switch Fee without any Top Up

This is a charge applied if you request a change or reduction in the interest rate on your existing Loan.

0.15% of the principal outstanding

Note: GST, other government taxes and levies as applicable, will be payable on all fees and charges.

Foreclosure and Part- Prepayment Charges

Foreclosure Charges- This is a charge applied if you choose to repay your entire loan before the end of the contracted loan term.

Part-Prepayment Charges- This is a charge applied if you choose to repay part of your loan before the end of your loan tenure.

Part-Prepayment Charges are only applicable for Term Loans.

Following Foreclosure & Part-Pre-Payment Charges shall be applicable for cases sanctioned before 1st January 2026.

Rate Description	Party to the Agreement & Purpose	Foreclosure within 12 months of Disbursement	Foreclosure after 12 months of Disbursement	Part Prepayment Charges
	Individual Borrower with end use other than business	No charges	No charges	No charges
Floating Rate Scheme	Individual Borrower with end use as business	6% of Principal Outstanding	4% of Principal Outstanding	a) Upto 25% of the Sanction Amount - Nil Charges b) More than 25% of the Sanction Amount for any pre-payment taking place during the tenure of the loan – 4% on amount prepaid in excess of 25% of the Sanction amount
	Non- individual Borrower irrespective of end use	6% of Principal Outstanding	4% of Principal Outstanding	a) Upto 25% of the Sanction Amount - Nil Charges b) More than 25% of the Sanction Amount for any pre-payment taking place during the tenure of the loan – 4% on amount prepaid in excess of 25% of the Sanction amount
Fixed Rate scheme	Individual/s non individual borrowers irrespective of the end use	6% of Principal Outstanding	4% of Principal Outstanding	a) Upto 25% of the Sanction Amount - Nil Charges b) More than 25% of the Sanction Amount for any pre-payment taking place during the tenure of the loan – 4% on amount prepaid in excess of 25% of the Sanction amount

Following Foreclosure & Part-Pre-Payment Charges shall be applicable for cases sanctioned on & after 1st January 2026.

Borrower’s constitution i.e. Micro, Small or Medium enterprises at time of Sanction shall be considered for determining foreclosure charges.

Rate Description	Party to the Agreement & Purpose	Foreclosure Charges within 12 months of Disbursement	Foreclosure Charges after 12 months of Disbursement	Part Prepayment Charges
	Individual Borrower irrespective of End Use	No charges	No charges	No charges
	Micro & Small Enterprise (MSE) with End Use as Business	No charges	No charges	No charges
Floating Rate Scheme	Non- individual Borrowers irrespective of end use (other than MSEs with End Use as Business)	6% of Principal Outstanding for Term Loan 6% of Maximum Credit Facility available for Hybrid Term Loan	4% of Principal Outstanding for Term Loan 4% of Maximum Credit Facility available for Hybrid Term Loan	a) Upto 25% of the Sanction Amount - Nil Charges b) More than 25% of the Sanction Amount for any pre-payment taking place during the tenure of the loan – 4% on amount prepaid in excess of 25% of the Sanction amount
Fixed Rate scheme	Individual/s non individual borrowers irrespective of the end use	6% of Principal Outstanding for Term Loan 6% of Maximum Credit Facility available for Hybrid Term Loan	4% of Principal Outstanding for Term Loan 4% of Maximum Credit Facility available for Hybrid Term Loan	a) Upto 25% of the Sanction Amount - Nil Charges b) More than 25% of the Sanction Amount for any pre-payment taking place during the tenure of the loan – 4% on amount prepaid in excess of 25% of the Sanction amount

How to Apply for a Loan Against Property in Chennai

Applying for a loan against property online is quick and easy. The first step is to check if you meet the following LAP eligibility criteria:

For Salaried Employees-

You must be employed in an MNC, Public Ltd. Co., Large Pvt. Ltd. Co., State Govt., Central Govt., or PSU.
Your age should be between 23 and 65 years or up to the age of retirement, whichever is earlier at loan maturity.
The Monthly Net Income must be at least 15,000
You should have a minimum of 3 years of occupational stability.

For Self-Employed Individuals-

You must be a doctor, architect, chartered accountant, trader, retailer, or wholesaler.
The minimum age is 23 years, and the maximum is 70 years or the retirement age, whichever is earlier at loan maturity.
Your annual income should be at least Rs. 2,50,000.
You should have a minimum of 3 years of occupational stability.

If you meet these criteria, follow these steps to apply for a loan against property online with Tata Capital:

Step 1: Visit this website: https://www.tatacapital.com/loan-against-property.html

Step 2: Click on the “Apply Now” button on this page.

Step 3: Provide your personal and property details in the application form.

Step 4: Submit the application form along with the required documents for loan against property.

That's it! Once we successfully verify the application form and the submitted documents, the sanctioned loan amount will be disbursed to your account in no time.