Loan Against Property
Unlock the value of your property. Interest rates starting from 15.99% p.a.
Access funds against your residential or commercial property while continuing to own and use your property.
Loan up to ₹5 crore
Interest rates starting from 15.99% p.a.
Up to 70% property value
Tenure up to 15 years
Balance transfer option
Top-up option
Transparent pricing
Final interest rate is based on the applicant's credit profile, income, loan amount, collateral/asset, loan-to-value ratio, tenure and Basel Investments Limited's prevailing credit and interest-rate policy.
For every application, Basel will provide the applicable Key Fact Statement containing the final interest rate, APR and applicable fees and charges before execution of the loan agreement.
No pre-payment or foreclosure charge is levied on a floating-rate loan taken by an individual for a purpose other than business, whatever the source of the money used to repay and with no minimum lock-in period, as the Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025 require. Where a charge does apply, it is stated in your sanction letter, Key Fact Statement and loan agreement before you sign, and on a term loan it is charged only on the amount prepaid.
Subject to eligibility, credit assessment and Basel Investments Limited's applicable policies. All interest rates are stated on an annualised basis.
Terms
What this product is
- Structure
- Equal monthly instalments on a reducing balance.
- Rate of interest
- Starting from 15.99% p.a., up to 21% p.a. Floating, or as offered in the sanction.
- Processing fee
- 0.75% to 1.50% of the loan amount, plus applicable taxes.
- Tenure
- Up to 15 years.
- Repayment
- Monthly EMI.
- Purpose
- Business expansion, Working capital, Education, Medical expenses, Debt consolidation, Other lawful eligible requirements.
- Loan amount
- ₹5 lakh to ₹5 crore.
- LTV: residential property
- Up to 70%.
- LTV: commercial property
- Up to 60%.
- LTV: industrial or warehouse property
- Normally up to 50% to 55%, subject to Basel policy.
- Balance transfer
- Available.
- Top-up
- Available, subject to eligibility.
- Interest rate type
- Floating, or as offered in the sanction.
- Security
- Mortgage over the residential, commercial or industrial property, with deposit of its title documents.
- Return of documents
- Within 30 days of full repayment. See Return of Original Documents.
Who this suits
Property owners who want funds against a residential, commercial or industrial property while continuing to own and use it.
Loan Against Property
How much you can borrow, by property type
| Property type | Up to LTV |
|---|---|
| Residential property | 70% |
| Commercial property | 60% |
| Industrial or warehouse property | Normally up to 50% to 55%, subject to Basel policy |
Subject to eligibility, credit assessment and Basel Investments Limited's applicable policies.
EMI calculator
Check your EMI and eligibility.
- Monthly EMI
- ₹40,370
- Principal
- ₹27,50,000
- Total interest
- ₹45,16,618
- Total amount payable
- ₹72,66,618
Illustrative only, and not an offer. The EMI is calculated on a reducing balance and excludes the processing fee and other charges. The rate starts at the product's starting rate, which is not available to every applicant. Final interest rate is based on the applicant's credit profile, income, loan amount, collateral/asset, loan-to-value ratio, tenure and Basel Investments Limited's prevailing credit and interest-rate policy. Your final rate, EMI and APR are stated in your Key Fact Statement before you sign.
Apply
Apply for Loan Against Property
Subject to eligibility, credit assessment and Basel Investments Limited's applicable policies.
We do not ask for your Aadhaar number here. Never share an OTP, card PIN or password with anyone claiming to act for Basel.
Before you borrow
Read this part properly.
Your property is the security for this loan
If the loan is not repaid, Basel may enforce its security over the property and sell it to recover what is owed. That is the central difference between this loan and an unsecured one, and it is worth weighing before anything else.
Your loan agreement carries the repossession clause the Reserve Bank requires, in terms agreed with you before you sign. It states the notice you are given before Basel takes possession of the property, the circumstances in which that notice may be shortened, how possession is taken, the final opportunity you are given to repay before any sale, how the property is returned to you if you do repay, and how a sale is conducted. Any amount left over after the debt and the costs of sale are met is paid back to you.
Repaying early
Charge: Nil for an individual borrowing at a floating rate for a purpose other than business. In any other case, as stated in your Key Fact Statement and loan agreement.
Applies: No pre-payment or foreclosure charge is levied on a floating-rate loan taken by an individual for a purpose other than business, whatever the source of the money used to repay and with no minimum lock-in period, as the Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025 require. Where a charge does apply, it is stated in your sanction letter, Key Fact Statement and loan agreement before you sign, and on a term loan it is charged only on the amount prepaid. Every charge on this loan is in the schedule of charges.
Missed payments
Charge: 3% per annum on the overdue amount, calculated for the period of default.
Applies: Only when an amount is not paid by its due date. Penal charges are not capitalised, and no further interest is charged on penal charges. The charge is for the default: it is not added to the rate of interest.
Missed repayments are reported to credit information companies and will affect your credit record. How repayment may be pursued is set out in our Fair Practices Code.
Applies to this product
Standard terms
- Maximum contractual rate
- Not exceeding 50% per month. This is a ceiling on the rate of interest. It does not cap the APR, which also carries the processing fee and GST, and which is therefore disclosed as a figure in its own right.
- Goods and Services Tax
- 18% on fees and charges that attract it, as the law requires. GST is never charged on interest.
- Annual Percentage Rate
- All-inclusive and not compounded. It is the whole cost of the credit expressed as a fraction of the amount actually received, scaled to a year. Disclosed in the Key Facts Statement before the borrower accepts.
- Who computes the figures
- The server. The application never performs arithmetic on money and never treats a locally held figure as authoritative.
Questions
Loan Against Property: frequently asked questions
- What rate will I be offered on a loan against property?
- Interest rates start from 15.99% p.a., up to a standard maximum of 21% p.a. The rate is floating, or as offered in your sanction. The starting rate is not available to every applicant: the final interest rate is based on your credit profile, income, loan amount, the property, loan-to-value ratio, tenure and Basel's prevailing credit and interest-rate policy, and is stated in your Key Fact Statement before you sign.
- How much can I borrow against my property?
- From ₹5 lakh to ₹5 crore, up to 70% of the value of a residential property, up to 60% of a commercial property, or normally up to 50% to 55% of an industrial or warehouse property, subject to Basel policy and credit assessment.
- Can I transfer an existing loan against property to Basel, or top it up?
- Balance transfer is available, and a top-up is available subject to eligibility.
- What charges apply besides interest?
- A processing fee of 0.75% to 1.50% of the loan amount plus applicable taxes, and legal, valuation, CERSAI, stamp duty and government charges at actuals. No foreclosure or part-prepayment charge is levied where you are an individual borrowing at a floating rate for a purpose other than business, as the Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025 require. In any other case the charge is stated in your sanction letter, Key Fact Statement and loan agreement before you sign.