Loan against Residential Property

If you own a property and need to take a loan for your business or for other personal needs, loan against property will be a viable option. The loan is given as a certain percentage of the property’s market value.

ABM Financial Services is the best private finance company in Delhi which presents you the best schemes for loan against property in Delhi.

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Features of Loan against Residential Property

All loans are not created equal, Loan against Residential Property has become a great option for people to use. Any salaried, self-employed or professional Public and Private company is eligible for a personal loan.

Loan Term

Loan amount is always based on property’s condition and market value; it can be up to 70% of the property’s value. Maximum loan amount is Rs. 5 crore. Tenure for this loan can extend up to several years.

Interest Rate & charges

One can expect lower interest rates on secured loans as compared to unsecured loans. As loan against property is a secured loan, the rates of interest are 8.80% to 12.00%.  The final rate of Interest will depend upon Profile, Loan amount, tenor and property type.

Loan against Residential Property - Eligibility

Any salaried, self-employed or professional Public and Private companies, Government sector employees including Public Sector is eligible for NRI Home Loans. 

Eligible property   Self occupied/ rented/ vacant residential, commercial and industrial properties.


Salaried (Min-Max)               24 – 60 years

Self Employed (Min-Max) 24 – 70 years


Work Experience for salaried 3 years and above

Business Stability for Self Employed 5 years and above

Credit Rating

Applicant should have the bank specified credit score of 750 or above.

Frequently Ask Questions

It is not mandatory to have a co-applicant but having a co-applicant will increase your eligibility and your chances of getting the home loan sanctioned. If you are an individual, your parents, your spouse or even your major children can be your co-applicant.A co-owner of your property has to be a co-applicant but a co-applicant need not be a co-owner.Non Individual organizations like a partnership firm, an LLP, and a private limited company can also be a co-applicant.

Any Resident Indian Individual (salaried/ self-employed) can apply. The co-applicants can be close relatives, partnership firms, or even a Private Limited Company.

Salaried Customers need to submit their last 2 month’s salary slip, 6 months bank statement, form 16 and ITR and documents related to running loans. Self Employed customers need to submit complete set of ITR and Financials for last two financial years, 6 months CA statement and documents related to running loans.

We offer this Loan Against Property for max tenure of 15 years.

It would take minimum of 4 working days after submission of required documents.

Repayment can be made by way of EMIs and must be made through Automated Clearing House (ACH) or Electronic Clearing System (ECS).

Normally a guarantor is not required; however, this would also depend upon the loan facility and financial strength of the customer. However, every loan to have either co-borrower or guarantor.

Your Loan against Residential Property makes you eligible for tax benefits* as per the prevailing laws. This means that you can save more money by claiming deductions in your income tax, against principal and interest amount repaid.

An EMI is the ‘Equated Monthly Installment’, which is the monthly payment that you make towards repaying your Home Loan on a specified date until your loan is repaid in full.


Below is the list of documents required for loan process.

  • Registered sale deed/past sale deed chains (each sale deed of the past sales of the said property from its first allotment)
  • Copy of property agreement
  • Conveyance deed
  • Lease deed (if the property is leased)
  • Latest house tax return proofs
  • Approved building plan from the Municipal Corporation
  • Share certificate (if the society is formed)
  • Latest maintenance bills
  • Latest electricity bills
  • Form-16 provided by the current employer
  • Past 3 months salary slips
  • Identity proof such as Passport, Voter ID Card, Aadhar Card
  • Recent passport-sized photographs
  • Proof of residence
  • Salary slips for past 3 months
  • Salary account’ bank statement for the last 6 months
  • A cheque for processing cost/administrative cost applicable by the bank/NBFC.
  • Identity and residence proof
  • Recent passport-sized photographs
  • Educational qualification diplomas, certificates, degrees, and academic credentials
  • Bank statements of last 6 months
  • Past 3 years Income Tax Returns
  • Identity proof and address proof
  • Recent passport-sized photographs
  • Certificates proving your qualification credentials related to academics
  • Balance sheet and profit and loss statement of the company of the last 3 years
  • Existence proof of business and its profile details
  • Bank statement of last 6 months
  • Company’s acknowledged Income Tax Returns and statements of past 3 years
  • Licensing and registration certificate of the profession

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