| Sammaan Capital Loan Against Property Highlights | |
| Interest rates | 9.75% p.a. onwards |
| Loan amount | Based on the customer profile, his repayment capacity and the LTV ratio set for him |
| Repayment tenure | Up to 15 years (not extend beyond 65 years or retirement age, whichever is earlier) |
| Processing fee | 1.25% onwards |
Note: Interest rates updated as of 24 February 2025
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Table of Contents
Sammaan Capital Loan Against Property Interest Rates
Sammaan Capital offers loans against property at 9.75% p.a. onwards, in which MSMEs are eligible under priority sector lending. The final loan against property interest rates offered to the loan applicant would vary according to the credit score, monthly income, job profile, employer’s profile, etc. of the loan applicant.
Compare Interest Rates on Loan Against Property for Top Banks & HFCs
| 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 |
Check LAP Interest Rates for Various Lenders Click Here
Sammaan Capital Loan Against Property Fees and Charges
Processing fee
| Processing fee | 1.25% onwards |
Prepayment charges
| Floating rate for individuals | For purposes other than business: NIL |
| For business purpose: | |
| 5% of the prepaid amount for initial 2 years from the date of loan disbursal and then, 3% afterwards | |
| For prepayments up to 25% of principal outstanding, including all prepayments made under previous 12 months: NIL | |
| Dual rate (Fixed for few years and then floating rates) for individuals | For floating rate: NIL |
| For fixed rate: 5% of the prepaid amount for initial 2 years from the date of loan disbursal and 3% afterwards | |
| Floating rate and Dual rate for non-individuals | For pre-payments up to 25% of the principal outstanding, including all prepayments made under previous 12 months: NIL |
| Prepayment/foreclosure fees of 5% of the prepaid amount for initial 2 years and 3% afterwards |
Other fees and charges
| Cheque/NACH dishonor charges | Rs. 750/- Nil on representation of ECS/ PDC |
| Late payment charges | 24% p.a. of outstanding EMI |
| PDC/ECS Swapping charges | NIL |
| Charges for statement of account/amortization schedule | Rs 200 |
| ROI switch fee | 50% or onwards of the difference of the two coupon rates i.e. between the existing and revised rate |
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Eligibility Criteria of Sammaan Capital Loan Against Property
- Small and mid-sized businesses
- Partnership firms
- Self-employed professionals
- Private or closely held companies
Documents Required for Sammaan Capital Loan Against Property
- Completely filled and signed application form with 2 passport size photographs
- Processing fee cheque
- Property documents: sale agreement/sale of deed, allotment letter, NOC from builder/society
- KYC Documents: proof of name, date of birth, address, signature and identity
- Residence ownership proof: property documents, maintenance bills, electricity bill
- Income documents:
- For salaried-salary slips, Form 16 and bank statement
- For self-employed-income-tax returns with financial statements, bank statement
The bank may also ask for additional loan against property documents based on the applicant’s profile.