| RBL Bank Loan Against Property Highlights | |
| Interest rates | 9.50% p.a. onwards |
| Loan amount | LAP: Up to Rs 10 crore |
| Overdraft: Up to 5 crore | |
| Repayment tenure | LAP: Up to 15 years |
| Overdraft: Up to 10 years | |
| LTV Ratio | Up to 80% of property value |
| Processing fee | 1.25% of loan amount + GST |
Note: Interest rates as of 11 March 2025
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Table of Contents
RBL Bank Loan Against Property Interest Rates
| Customer Profile | Interest Rate (p.a.) |
| CMR 1 – 3 or CIBIL >= 740 | 9.50% to 12.20% |
| CMR 4 – 6 or CIBIL 700 to 740 | 9.65% to 12.35% |
| CMR 7 – 10 or CIBIL < 700 | 9.75% to 12.45% |
RBL Bank offers interest rates for loan against property based on its applicant’s credit score. The final loan against property interest rates offered to the applicants may vary based on the product variant, customer assessment, segment, etc.
Compare LAP Interest Rates of RBL Bank vs Other Lenders
| Name of the Lender | Interest Rate (% p.a.) | |
| State Bank of India | 9.75-11.05 | Apply Now |
| Bank of Baroda | 10.85-18.35 | Apply Now |
| PNB Housing Finance | 9.25-15.00 | Apply Now |
| IDFC First Bank | 9.00-16.50 | Apply Now |
| HDFC Bank Limited | 9.50-11.00 | Apply Now |
| L&T Housing Finance | 9.50 onwards | Apply Now |
| LIC Housing Finance | 9.50-11.55 | Apply Now |
| Godrej Housing Finance | 9.75 onwards | Apply Now |
| ICICI Bank | 10.85-12.50 | Apply Now |
| Tata Capital | 9.00 onwards | Apply Now |
| Axis Bank | 10.50-10.95 | Apply Now |
| Punjab National Bank | 10.15-14.00 | Apply Now |
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RBL Bank Loan Against Property Fees and Charges
Processing fee
| Processing fee | 1.25% of the loan amount + GST |
Part-prepayment/Foreclosure Charges
| Floating rate: For individual borrowers (for purposes other than business) | NIL |
| Prepayment Charges for Micro & Small Enterprises where prepayment is done through a takeover by any financial institution |
3% of the prepayment amount or principal outstanding |
| Prepayment Charges for all other customers | 4% of the prepayment amount or principal outstanding |
Other fees and charges
| Legal & Valuation Charges (non refundable) | Rs 7,500 for Mumbai, Rs 6,000 for other locations |
| Rate switch charges | 0.5% on principal outstanding or Rs 50,000, whichever is lower |
| Issue of Duplicate Interest & Principal Certificate | Rs 250 per instance |
| Property swap charges | 0.1% of the loan amount or Rs 10,000, whichever is higher |
| Cheque swapping charges | Rs 500 per instance |
| Duplicate no due certificate/NOC | Rs 250 per instance |
| EMI Overdue Charges | 2% of EMI amount |
| Loan Cancellation Charges | Rs 5,000 + interest charges up to cancellation date |
Dropline Overdraft Loan Against Property Fees and Charges
Processing fee
| Processing fee | 1.25% of the loan amount + GST |
Foreclosure charges
| Prepayment Charges for Micro & Small Enterprises where prepayment is done from own funds |
NIL |
| Prepayment Charges for Micro & Small Enterprises where prepayment is done through a takeover by any financial institution |
3% of Active Limit |
| Prepayment Charges for all other customers | 4% of Active Limit |
Other fees and charges
| Charges on overutilization of limit | 0.066% per day on excess utilization |
| Bounce cheque charges | NIL |
| Commitment charges | Minimum quarterly average utilization of 25% of the active limit. If the quarterly average utilization is below 25% of the active limit, then commitment charges of 2% of the shortfall in utilization. |
| Limit reduction charges | 4% of the limit reduction amount |
| Rate switch charges | 0.5% on active limit or Rs 50,000/- whichever is lower |
| Property swap charges | 0.1% of loan amount or Rs 10,000/- whichever is higher |
| Legal & Valuation Charges (non refundable) | Rs 7,500 for Mumbai, Rs 6,000 for other locations |
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RBL Bank Loan Against Property Eligibility Criteria
- Indian resident
- Salaried individuals, self-employed individuals, self-employed professionals, sole proprietorships, partnership firms and private limited companies (including closely-held public limited companies)
For salaried individuals:
- Minimum age: 23 years
- Maximum age: 60 years or retirement
- Minimum salary: Rs 1.50 lakh p.a.
For self-employed and professionals:
- Minimum age: 23 years
- Maximum age: 75 years
- Minimum net profit as per latest ITR/Financials of Rs 1.50 lakh
Along with the above-mentioned criteria, RBL Bank may also consider property value, assets and liabilities of their customers while evaluating their loan against property eligibility.
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RBL Bank Loan Against Property Documents Required
List of Common Documents:
- Passport size photographs
- PAN Card for Individual/Partnership Firm/Company
- Identity proof, any one of the following: Voter ID/ Passport/ Driver’s License
- Address proof, any one of the following: Voter’s ID/ Driver’s License/ Passport/ Electricity bill/ Telephone bill/ Bank Statement/ Registered Lease Deed or Sale Agreement
- Business continuity proof: any one document dated 5 years old (Bank statement/ Sales Tax Challans/ IT Returns/ Shops and Establishment Certificate/ Partnership Deed/ Certificate of Insurance/ Partnership Deed)
Additional Documents Required for Salaried:
- Last 2 years Income tax returns or latest 3 month salary slip or latest form 16 issued by the employer
- Six months bank statement required with salary credits
Additional Documents Required for Self-employed Individuals/ Sole Proprietorship:
- Latest audited ITR and financials for the last 3 years (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
- Bank statements from the borrower’s main account/s for the last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet.
Additional Documents Required for Self-employed professionals:
- Latest audited ITR and financials for the last 3 years (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
- Bank statements from the borrower’s main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet
- Professional qualification certificate and Degree certificate for professionals (Doctors, Architects, Chartered Accountants etc.)
Additional Documents Required for Partnership Firms/ Private Limited Companies
- Latest audited ITR and financials for the last 3 years (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
- Bank statements from the main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet
- Partnership Deed and partnership authority letter for partnership firms
- Memorandum and Articles of Association and Board Resolution from the company
- Certificate of Incorporation (COI) for companies
- Latest shareholding patterns for Private Ltd. / Public Ltd. companies
Along with the aforementioned documents, the bank may also ask for additional loan against property documents at its discretion.