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Disclaimer: SMFG India Credit is not a Paisabazaar partner for loan against property and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to SMFG India Credit for loan against property. No offers/services from SMFG India Credit are being provided by Paisabazaar for loan against property. For further information about SMFG India Credit for loan against property, users are required to reach out directly to SMFG India Credit.
| SMFG India Credit Loan Against Property Highlights | |
| Interest rates | 13% p.a. onwards |
| Loan amount | Up to Rs 5 crores |
| Loan tenure | 1 to 15 years |
| Processing fees | Up to 3% of the loan amount |
| LTV Ratio | Up to 70% for residential properties
Up to 60% for commercial properties |
Note: Interest rates as of 25 August 2025
Check Lenders Offering Loan Against Property at Low Interest Rates Click Here
Table of Contents
SMFG India Credit Interest Rate for Loan Against Property
SMFG India Credit offers loan against property interest rates based on the net income, existing monthly obligations, types of LAP products offered and employment or business stability of its applicants.
| Maximum Interest Rate | 13.00% p.a. onwards |
| Minimum Interest Rate | 13.50% p.a. onwards |
Compare Interest Rates on Loan Against Property for Top Banks & HFCs
| Name of the Lender | Interest Rate (% p.a.) | |
| State Bank of India | 9.20-10.50 | 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
Types of Loan Against Property by SMFG India Credit
Loan Against Commercial Property
- Purpose: To arrange funds for SMEs for purchasing machinery, fund expansion or upgradation. The SMEs should own either a commercial or residential property to avail loan against commercial property. The borrowers can continue to use their collateral property during loan tenure.
- Loan amount: Up to Rs 5 crore
- Loan tenure: Up to 15 years
Loan Against Property for Salaried
- Purpose: To help raise funds for education, marriage or other personal needs of the salaried applicants.
- Loan amount: Up to Rs 5 crore
- Loan tenure: Up to 15 years
Loan Against Property for Self-employed
- Purpose: To help self-employed professionals raise finances for expanding their business needs, funding child’s education and various other needs.
- Loan amount: Up to Rs 5 crore
- Loan tenure: Up to 15 years
Loan Against Property for SME
- Purpose: To arrange finances for Small and Medium Enterprises for their business needs.
- Loan amount: Up to Rs 5 crore
- Loan tenure: Up to 15 years
Loan Against Property for Doctors
- Purpose: To meet the financial needs of doctors for expanding their nursing home, buying new medical equipment, upgrading their processes or buying new property. The NBFC also provides quick loan approval for loans against property for doctors in just 24 hours.
- Loan amount: Up to Rs 5 crore
- Loan tenure: Up to 15 years
Loan Against Property for Engineers
- Purpose: To raise finances for engineers for increasing their production capacity, updating machinery and equipment, purchase, construction, renovation and more.
- Loan amount: Up to Rs 5 crore
- Loan tenure: Up to 15 years
Loan Against Property for Chartered Accountants
- Purpose: To raise funds for Chartered Accountants for their working capital needs.
- Loan amount: Up to Rs 5 crore
- Loan tenure: Up to 15 years
Loan Against Property for Traders
- Purpose: To help traders raise funds for their business needs.
- Loan amount: Up to Rs 5 Crore
- Loan Tenure: Up to 15 years
Loan Against Property for Manufacturers
- Purpose: To help manufacturers meet their working capital requirements.
- Loan amount: Up to Rs 5 crore
- Loan tenure: Up to 15 years
Check Lenders Offering Loan Against Property at Low Interest Rates Click Here
Fees and Charges of SMFG India Credit Loan Against Property
Processing fee
| Processing fee | Up to 3% of the loan amount |
Foreclosure and part payment charges
| Foreclosure charges | 0 to 6 EMIs fully paid: NIL |
| 7 to 12 EMIs fully paid: NIL | |
| 13 to 24 EMIs fully paid: 5% | |
| 25 to 60 EMIs fully paid: 4% | |
| 60 or more EMIs fully paid: 3% | |
| Part-prepayment charges* | After payment of first 12 EMIs and till payment of first 24 EMIs: 4% of the outstanding loan amount |
| After payment of first 24 EMIs and till the payment of 60 EMIs: 3% of the outstanding loan amount | |
| After first 60 EMIs till the payment of first 84 EMIs: 2% of the outstanding loan amount | |
| Post payment of first 84 EMIs: NIL |
*Part prepayment will be allowed only once in a financial year after the borrower has paid first 12 EMI fully to the satisfaction of SMFG India.
Other fees and charges
| Loan cancellation charges | Rs 5,000 (loan canceled before first EMI) |
| CERSAI Charges | For loan amount less than or equal to Rs 5 Lakh : Rs 110 per collateral |
| For loan amount greater than Rs 5 Lakh: Rs 210 per collateral | |
| Rate of interest conversion fee | Amount not exceeding 1% of the sanctioned loan |
SMFG India Credit Loan Against Property Eligibility Criteria
| Particulars | Salaried | Self-employed | SME |
| Age | 21 yr to 60 yr | 25 yr to 65 yr | At least 2 years old |
| Work | Salaried employee in an MNC, private company or public sector | Self-employed individual with a steady source of income | – |
| Geography | Indian resident | Indian resident | Indian SME |
| CIBIL Score | Above 700 | Above 700 | Financials should show a steady source of profits over last 2 years and should be audited by a Chartered Accountant |
Along with the above-mentioned factors, SMFG India may also consider the income, asset owned and liabilities of its applicants when evaluating their loan against property eligibility.
Check LAP Interest Rates For Various Lenders Click Here
Documents Required for SMFG India Credit Loan Against Property
- Application form with a recent photograph
- Identity Proof: Passport/Voter ID/Driving License/PAN Card
- Address proof: Ration card/telephone bill/ Electricity bill/ Rent agreement/ Passport/ Driving License/ Bank passbook or statement
- Age proof: PAN Card/ Passport/ any other certificate from a statutory authority
- Form 16
- Bank statements (bank statements or passbook for last 6 months) or last 6 months salary slips
- Income tax returns for last 3 years
- Processing fee cheque
- Documents related to the property offered as collateral
Additional documents required for self-employed:
- Income statements and other financials for the past 2 years attested by CA
Additional documents required for SMEs
- Audited finances for the last 2 years
Along with the above-mentioned list of loan against property documents, the bank may ask for more documents at its discretion.