LOAN AGAINST PROPERTY SCHEME

LOAN AGAINST PROPERTY SCHEME

The scheme will cover the credit requirements of all categories of borrowers who could satisfy the Bank about their repayment capacity; either having a regular source of income or having adequate surplus generation from the activity to be undertaken with the loan proceeds.

LOAN AGAINST PROPERTY SCHEME EMI Calculator

1L 5Cr
12 360
6% 18%

Equated Monthly Installment (EMI) will be 8606

HPSCB Loan : Features

    • Loan against mortgage of  property for any legitimate purpose
    • Property should be purely commercial in nature
    • Quantum of loan : 50% of the value of the property or Rs 40 lakh
    • (whichever is lower)
    • Repayment period – Maximum 10 years (including moratorium period if required for productive activity).

HPSCB Loan : Eligibility

    • Individuals/Firms/Companies/trusts/Partners/Trustees/Societies etc who are having immovable property in Himachal Pradesh.
    • Non defaulters of our Bank/ affiliated Societies / any other financial institution.
    • Age: 18 years to 60 years.
    • Employee : Gross monthly income should be more than Rs.20000/-
    • Non-Employee : Gross annual income should be more than Rs.250000/-
    • Guarantor:
      • One guarantor upto Rs. 20.00 lakh.
      • Two guarantors above Rs. 20.00 lakh.
    • Societies: Share linkage in the ratio of 1:10

HPSCB Loan : Interest rates & charges

HPSCB Loan : Documents

    • Pre-sanction documents
      • Income proof.
      • Valuation report by registered valuer.
      • Search report of the property.
      • Guarantor statement.
      • Project Report, in case of Productive purposes.
      • No dues certificate from local banks / affidavit.

* APR as Low and T&C Apply

Frequently Asked Questions

Not Available