A loan against property up to 10 crore is one of the most effective funding options for business owners, professionals, and high-net-worth individuals who own valuable residential or commercial property.
In markets like Kolkata, Howrah, and across West Bengal, this facility is commonly used to raise large capital at relatively lower interest rates compared to unsecured borrowing. With CreditCares, eligible applicants can access a loan against property up to ₹10.50 crore through leading banks, including SBI. This type of LAP can be structured as a term loan or a flexi term loan, depending on cash-flow needs.
Key Features
A high-value loan against property offers flexibility and affordability when structured correctly. The key features include loan amount up to ₹10.50 crore based on property value, available for both residential and commercial properties, and longer repayment tenure compared to business loans.
Borrowers can choose between term loan or flexi term loan options, enjoying lower interest rates than unsecured credit. This facility is suitable for business expansion, working capital, or refinancing needs. In cities such as Kolkata and surrounding districts like North 24 Parganas and South 24 Parganas, lenders actively fund clear-title properties within municipal limits. According to RBI’s housing finance guidelines, banks must follow standardized LTV ratios and ensure transparent lending practices for property-backed loans.
Loan Against Property EMI Calculator
An EMI calculator helps estimate monthly repayment based on loan amount, interest rate, and tenure. For example, a loan amount of ₹5 crore with a tenure of 15 years at an interest rate of 9.75% per annum will generate specific EMI amounts.
The EMI will vary based on whether you opt for a standard term loan or a flexi term loan, where interest is charged only on the utilized amount. Using an EMI calculator before applying helps in realistic cash-flow planning and better financial management. Most banks including HDFC Bank and Axis Bank offer competitive rates starting from 7.75% to 9.00% p.a. in 2025, subject to credit profile and property type.
Features and Benefits
Choosing a loan against property in West Bengal offers multiple strategic advantages for borrowers. The large funding capacity up to ₹10.50 crore enables significant business expansion or personal financial needs. Borrowers benefit from lower EMIs due to longer tenure and substantial interest savings compared to unsecured loans.
There’s complete flexibility to use funds for business or personal needs, with the option to prepay or foreclose with minimal charges as per RBI guidelines on prepayment. This makes it suitable for structured business growth and long-term financial planning. For borrowers in Kolkata and Howrah, LAP is often preferred over short-term working capital limits due to predictable repayment schedules and better financial discipline.
Eligibility and Documents
Eligibility for a loan against property primarily depends on income stability, credit profile, and property quality. Eligibility criteria generally include being an Indian resident or eligible NRI, age between 25 and 65 years at loan maturity, and stable income for salaried or self-employed applicants. A CIBIL score preferably above 700 significantly improves approval chances, and you must have clear ownership of residential or commercial property.
Documents typically required include identity and address proof, income documents (ITR, financials, salary slips), bank statements, property title deed and approved building plan, and latest property tax receipts. Properties in Kolkata, Howrah, North 24 Parganas, and South 24 Parganas must have clear legal status to qualify for high-value LAP approval. According to ICICI Bank’s guidelines, lenders typically offer loans up to 60-75% of property value based on LTV ratios.
How to Apply for Loan Against Property
Applying for a loan against property up to 10 crore is a structured process that requires careful documentation.
Step 1 involves eligibility assessment and property evaluation where lenders determine your borrowing capacity.
Step 2 requires submission of income and property documents including ITRs, bank statements, and property papers.
Step 3 includes legal and technical property verification to ensure clear title and marketability.
Step 4 covers credit approval and sanction after thorough evaluation by the lender’s credit team.
Step 5 marks the disbursement of funds to your bank account. CreditCares assists applicants throughout the process, ensuring faster turnaround and lender coordination, including Instant Loan Against Property from SBI where eligible. As per RBI’s document release guidelines, lenders must return all property documents within 30 days of full repayment.
Interest Rates, Fees and Charges
Interest rates on loan against property depend on multiple factors such as credit score, property type, loan structure, and lender policy. Typical pricing includes interest rate range of 9.25% to 11.50% per annum, though some leading banks offer rates as low as 7.75% p.a. in 2025. Processing fees range from 0.25% to 1% of the loan amount, with legal and valuation charges as applicable.
Prepayment or foreclosure charges depend on the lender, though RBI has waived prepayment penalties for floating interest rate LAP. Flexi term loan options may carry slightly different pricing due to overdraft-style flexibility and enhanced liquidity features. Banks like Bank of India and Indian Bank offer competitive LAP schemes starting from 9% to 9.10% p.a. with loan amounts up to ₹5-7.5 crore.
Compare Loan Variants
Understanding loan variants helps in choosing the right structure for your financial needs. Term Loan features include fixed EMI making it suitable for stable cash flows with lower complexity in management. On the other hand, Flexi Term Loan offers interest charged on utilized amount making it better for fluctuating business income though it comes with slightly higher fees.
Borrowers seeking instant loan against property SBI facilities often prefer flexi structures for operational flexibility. When comparing loan against property vs business loan, LAP typically offers lower interest rates and higher loan amounts but requires property collateral. According to Groww’s LAP guide, borrowers may get up to 70% of the property’s worth depending on the lender and property type.
Conclusion
A loan against property up to ₹10.50 crore is a powerful financing solution for borrowers who want large capital at affordable rates. Whether you are based in Kolkata, Howrah, or other parts of West Bengal, structured LAP options can support long-term growth without disrupting cash flows. With proper planning and the right loan consultant, you can leverage your property to unlock substantial funding for business expansion, working capital, or personal needs.
CreditCares helps you navigate the entire LAP journey, including lender comparison, eligibility assessment, and faster approvals from top banks and NBFCs. As a trusted mortgage loan consultant, we provide personalized guidance to ensure you get the best interest rates and flexible repayment terms. Our expert team understands the West Bengal property market and maintains strong relationships with leading lenders including SBI, HDFC, ICICI, and other major financial institutions.
Speak to a CreditCares advisor today to evaluate the best loan against property option for your needs and take the first step toward achieving your financial goals with confidence. Our commitment to transparency, speed, and customer satisfaction makes us the preferred loan consultant in Kolkata and across West Bengal.
Frequently Asked Questions
Who can get a loan against property?
A loan against property is available to salaried individuals, self-employed professionals, and business owners who own a residential or commercial property with a clear title. At CreditCares, we assist applicants across Kolkata, Howrah, and West Bengal, provided the borrower has stable income, acceptable credit history, and legally compliant property documents.
Am I eligible for a loan against property?
Your eligibility depends on your age, income stability, repayment capacity, credit score, and the market value of the property offered as security. CreditCares evaluates your profile holistically and matches you with banks or NBFCs where approval chances are highest.
How much loan will I get against my property?
The loan amount is usually based on the Loan-to-Value (LTV) ratio, which ranges between 60% and 70% of the property’s market value. In select cases, eligible borrowers can access loan amounts up to ₹10.50 crore depending on property valuation and income strength.
What is the maximum repayment tenure for a loan against property?
Most lenders offer repayment tenures ranging from 10 to 20 years. The final tenure depends on your age at loan maturity, income profile, and lender-specific policies. Longer tenures help keep EMIs manageable.
What should be my CIBIL Score if I want to apply for a loan against property?
A CIBIL score of 700 or above is generally preferred for smoother approval and competitive interest rates. However, CreditCares also assists borrowers with slightly lower scores by structuring the application with the right lender and stronger property security.
