Loan Against Property Offers
Flexible repayment options
Reasonable Interest Rates
Flexible products,documentation and collections
Minimal documentation and faster approvals
Part payment allowed, with appliable charges
Flexible repayment tenure upto 15 years
Apply for Loan Against Property on Rubique - How it Works
We have partnered with leading banks and NBFC's to provide you a comprehensive range of loan against property options. Our unique matchmaking algorithm ensures that we match your requirements with available options and provide you the best results.
Offers are displayed sequentially to help you compare key features like interest rates, processing fees, tenure and features. So, you can make an informed decision.
Once you have compared and found the loan that is best suited to your requirements, you need to fill a detailed online application form. This is required to check your eligibility and process your application.
We also help you with end to end fulfilment, including documentation pick up and submission to the respective financial institutions. You can track the entire journey of your application by logging in to \"My Accounts\" section.
All about Loan Against Property - FAQ
Who can avail a loan against property?
Individuals – salaried/ professionals/ self-employed
Non-individual entities - proprietorship firms/ partnership firms/ private limited companies/ public limited companies
2. Non-Individual Entities Proprietorship Firms Partnership Firms Private Limited Companies Public Limited companies
How much finance can I avail against the property?
This depends on the property type, valuation and bank’s policy. Generally, you can get a loan for up to 80% of the property value.
What is the eligibility for loan against property?
Anyone aged between 25 and 65 years who is not retired is eligible. While this is the broad criteria, the following factors also impact eligibility:
Purpose of the loan Your income Assets and liabilities Your spouse’s income, in case you are applying for a joint loan Qualifications Employment and professional experience Credit score and history (the prospect of getting a loan increases with a good credit score) Residential status Number of dependents
Can I apply for a loan along with a co-applicant?
Yes, you can.
My property is co-owned by my parents/ spouse/ relatives. Can I apply for a loan individually or do I need a co-applicant?
If the property is co-owned, all co-owners need to be co-applicants.
What is the loan processing time?
Typically, 7-15 working days after all the documents are submitted. The process includes evaluating your property value through a credit, legal and technical accessor.
How would the value of my property be determined?
Through a valuation conducted by independent credit accessor appointed by the financial institute.
What is the tenure of the loan available?
A maximum of 15 years.
How do I pay the EMI?
For monthly payments, banks may request for an Electronic Clearing System (ECS) form to be signed by you linking your salary or operational account. Besides ECS, at the time of applying for the loan, banks may ask you to submit post-dated cheques.
Do clarify your ECS debit date with the bank so you can ensure sufficient balance for payment clearance.
Can I pre-pay my loan?
Yes but most financial institutions allow part pay after 6 months from the date of disbursement.
Will I be charged by Rubique for services offered?
No. The services offered by Rubique are completely free of charge.
I submitted my application to Rubique. Now, what next?
Once your application has been electronically processed and received, it will be securely sent to the financial institution of your choice.
What if my application is rejected?
In an unlikely scenario of rejection, we will help you rectify the shortcoming and re-process the application with same or other institute.
How do I apply for a loan against property?
You can browse, compare and apply for loan from here.