Salem Loan Against Property Interest Rates Dec 2016

Current Interest Rates on Loans on Residential Property in Salem

Last Updated 07th Dec 2016
Bank Lowest Interest Rate (%) Tenure in Years Lowest EMI Per Lakhs
Citibank 10.50% Floating 15 years Rs. 1,105
ICICI Bank 10.25% Floating 15 years Rs. 1,090
Axis Bank 11.40% Floating 15 years Rs. 1,162
HDFC 10.60% Floating 15 years Rs. 1,112
IndusInd Bank 10.75% Floating 15 years Rs. 1,121
PNB Housing Finance 10.75% Floating 15 years Rs. 1,121
DBS Bank 10.00% Floating 10 years Rs. 1,322
IDBI Bank 10.70% Floating 15 years Rs. 1,118
DHFL 13.75% Floating 15 years Rs. 1,315
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  • Get upto 75% of current market value of your property as loan to grow your business or for personal use
  • High eligibility; multiple methods to suit your requirement
  • Loan tenure upto 18 years, overdraft available
  • Nil Prepayment charges for individual borrowers
  • Doorstep services, experienced loan advisors
Loan against property is one of the lowest interest rate loan available to Salem businesses, manufacturers and traders doing business with government offices and Steel, Transportation, Shipping. MyLoanCare offers you easy comparison and online application for loan for both salaried and self employed customers in Salem for various purposes like business, buying a home, marriage, education and personal needs.

Loan Against Property Branches in Salem

Bank Branch
Allahabad Bank KANNANDERI | MAGUDANCHAVADI
Andhra Bank CHINNA TIRUPATHI | FIVE ROADSSALEM | KEERIPATTI | KUPPANOOR | SALEM
Axis Bank AYOTHIAPATTINAM | BELUR BAZAR | BHAVANI MAIN ROAD | CHERRY ROAD | CUDDALORE MAIN ROAD | EDANGANA SALAI | EDAPPADI | GUGAI | MECHERI | OMALUR
Bank of Baroda ATTUR | SALEM | SALEM CITY
Bank of Maharashtra SALEM
Canara Bank ACCOUNTS SECTION SALEM | AMMAPET SALEM | ATTUR SALEM | AYOTHIAPATTINAM | CIRCLE OFFICE SALEM | ELAMPILLAI | ERUMAPALAYAM | GORIMEDU SALEM | GUGAI SALEM | HASTHAMPATTY
Corporation Bank KUDAMALAI | NADUVANERI | POOSARIPATTI | SALEM SHEVAPET | SALEM TOWN | SEMMANDAPATTI | THANDAVARAYAPURAM | V KOOTTU ROAD MELNARIAPP | VEMBADITHALAM
Dena Bank SALEM
Federal Bank IVELI | KONGANAPURAM | MECHERI | NILAVARAPATTI | PATLUR | SALEM | SALEM EXTENSION | TIRUMALAIGIRI
HDFC Bank BRINDHAVAN ROAD | CAR STREET | GUGAI | Kamrajanar Road | Pudhusampalli | SALEM | SALEM MAIN ROAD | Shevapet | THICHENGODU MAIN ROAD
ICICI Bank AGRAHARAM STREET | ATTUR | BAZAAR STREET | GUGAI | HARUR | NAMAKKAL | NEW IDAPADI ROAD | POOLAMPATTI | SALEM | SQUARE MARKET
IDBI Bank ATTUR | SALEM
Indian Bank ALAGASAMUDRAM | ATTUR | AYODHYAPATNAM | FAIRLANDS MAIN ROAD | GANGAVALLI | GUGAI | IDAPPADI | JARIKONDALAMPATTI | KARUMANDURAI | KOLATHUR SALEM
Indian Overseas Bank ARAGALUR | CHINNA GOUNDAPURAM | FAIRLANDS | ILAMPILLAI | JAGIR AMMAPALAYAM | KADAYAMPATTI | KANJAMALAI | KARUVALLI | LEIGH BAZAR | MECHERI
IndusInd Bank Omalur | Salem | Sankari
Karur Vysya Bank ALAGAPURAM | AYOTHIAPATTINAM | DEVIYAKURICHI | DHARMAPURI MAIN ROAD | GUGAI | IDAPPADI ROAD | METTUR DAM | RANIPET MAIN ROAD | SALEM CAR STREET | SALEM CCO
PNB KATTUKOTTAI | SALEM MAIN | SANKARI | SHEVAPET SALEM
SBI AMMAPETTAI SALEM | ATTAYAMPATTI | ATTUR | BELUR | CAC SALEM | COLLECTORATESALEM | COMMERCIALSALEM | DADAGAPATTI | DOCUMENT ARCHIVAL CENTRE DAC SALEM | GAJALNAICKENPATTI SALEM
Syndicate Bank ANNADANAPATTI | FAIRLAND SALEM | GANGAVALLI | KAVERIPURAM | KONDAPPANAICKANPATTY | SALEM GUGAI | SALEM JOHNSONPET | SALEM MUNICIPAL CORPORATION | SALEM SHEVAPET MAIN | SALEM TOWN
Union Bank of India ATTUR | EDAPPADI | FIVE ROADS JUNCTION SALEM | HASTHAMPATTI SALEM | PERUNDURAI | R O SALEM | SALEM | SEELANAICKENPATTI | VAZHAPADI
Vijaya Bank KOLNAICKANPATTI SALEM | P N PATTI | SALEM
Yes Bank SALEM

Loan Against Property Customer Care in Salem, Email

Bank Customer Care Number
HDFC Bank 984-067-3333, loansupport@hdfcbank.com
Citibank 044-28522484
Kotak Bank 044-66006022
ICICI Bank 0730-566-7777
SBI 979-191-2211
IndusInd Bank 1860-500-5004/ 022-44066666, reachus@indusind.com
PNB Housing Finance 1800-120-8800, loans@pnbhousing.com
Yes Bank 1800-2000, yestouch@yesbank.in
Indiabulls 044-30063812, homeloans@indiabulls.com
Allahabad Bank 044-28156607, customercare@allahabadbank.in
HDFC 0422-4301100
Indian Bank 044-24413430
Standard Chartered Bank 044-66014444/ 044-39404444, customer.care@sc.com
Axis Bank 044-28123888
United Bank of India 1800-345-0345
Andhra Bank 044-24994924, customerser@andhrabank.co.in
Union Bank of India 1800-208-2244, customercare@unionbankofindia.com
PNB 011-23318130, rad@pnb.co.in
Central Bank of India 1800-200-1911
Bank of India 1800-103-1906/ 022-40919191, ho.customerservice@bankofindia.co.in
Canara Bank 0427-2330811
Capital First 1860-500-9900, customer.care@capitalfirst.com
Catholic Syrian Bank 1800-266-9090/ 0487-2333020
Bank of Baroda 0422-2303735
Federal Bank 1800-425-1199
Dena Bank 1800-233-6427
IDBI Bank 044 4303 6648
Jammu And Kashmir Bank 1800-220-600
Karnataka Bank 0824-2228154
Karur Vysya Bank 0427-2440075
State Bank of Mysore 044-24911176
Vijaya Bank 1800-425-4066
Indian Overseas Bank 1800-425-4445, 044-2851-9490, mdd@iobnet.co.in
HSBC Bank 1800-103-4722
Bank of Maharashtra 1800-345-4566
Dhan Laxmi Bank 1800-425-1747, customercare@dhanbank.co.in
City Union Bank 7299075082, callcenter@cityunionbank.com
DHFL 1800-3000-1919
Punjab and Sind Bank 1800-221-908
South Indian Bank 044
Syndicate Bank 1800-425-0585
State Bank of Patiala 1800-180-2010
Corporation Bank 1800-425-2407, horls@corpbank.co.in
DBS Bank 1800-209-4555
Deutsche Bank 044-7130-9696, customer.care@db.com
Development Credit Bank 1800-209-5363, customercare@dcbbank.com
Lakshmi Vilas Bank 1800-425-2233
OBC 044 - 28498899
Ratnakar Bank 1800-123-8040, customercare@rblbank.com.
State Bank of Travancore 1800-425-7733
UCO Bank 1800-103-0123, customercare.calcutta@ucobank.co.in
Tamilnad Mercantile Bank 044-42031543
LIC Housing Finance 1800-440-005, lichousing@lichousing.com
GIC Housing Finance 1800-103-0000
Edelweiss 1800-102-3335, homeedelweissfin.com
Reliance Capital 1800-210-3030
Fullerton India 1800-103-6001
Raas Housing Finance 1800-11-5050, contact@raashfc.com
Tata Capital 1800-209-6060, customercare@tatacapital.com
IIFL 1800-3000-1155
Bajaj Finserv 1800-103-3535
Magma Finance 1800-3002-3202, customercare@magma.co.in
Bandhan Bank 1800-258-8181, loans@bandhanbank.com
Au Financiers 900-111-1333/900-111-1385
Janalakshmi Bank 1800-419-5262
India Shelters 1800-532-4444
Ujjivan 1800-3010-2121
Equitas Housing Finance 1800-3000-3030, hfcomplaints@equitas.in
Muthoot 1800-102-1616
Manappuram
IDFC Bank 1800-419-4332, banker@idfcbank.com
Loan Against Property News - Dec 2016
06th Dec 16 Mortgage loan firms may seek margin money on LAP if realty prices crash
Mortgage firms may start seeking margin money on loan against property as they expect a slowdown in real estate market and fall in property prices. LAP segment is vulnerable to defaults in the existing market, given prevailing high Loan to Value (LTV) ratios, large ticket size lending and presence of loan products that calculate borrower loan eligibility based on the estimated cash flows of borrowers. Lenders are expected to reduce LTV ratio for new LAP loan by 5 to 10 per cent to address the additional risks in the segment.
05th Dec 16 NBFCs faces rough phase in its LAP segment
Loan against property (LAP) segment of NBFCs has been facing growth crises post demonetisation. The growth rate of business is expected to fall to 15 to 20 percent in this financial year as compared to 22 to 24 percent two years ago. CRISIL, leading credit rating company prospects an increase in loan delinquencies to 2.7 percent in March, 2017 as compared to 1.9 percent a year ago.
18th Nov 16 Loan against property likely to badly hit due to cash ban
Loan against property is expected to be adversely hit in the short term, due to the current demonetisation drive. Demonetisation has led to disruptions in loan collection cycles, which is expected to result in a rise in overdues. Loan against property has emerged as a profitable segment for banks and NBFCs, whose loan books have grown remarkably in recent financial year.
11th Nov 16 Loan against property will see asset quality pressure in near future, said CRISIL
CRISIL, in its sector analysis, has said that loan against property will see more pressure in future. The numbers of delinquencies were already rising but due to an elongation of time to liquidate the property and fall in resale prices of property, the stress for the financers will increase further in coming time.
04th Nov 16 Citibank loan against property rates reduced from 1st November, 2016
Citibank has reduced its loan against property rates for self employed customers with capital invested of upto Rs. 5 crores. The revised loan against property interest rate ranges from 9.50 percent to 10.25 percent depending upon loan amount. The floating rates are benchmarked to 3 month MCLR Base rate of Citibank. The borrower can also avail flexi overdraft facility with this loan. The new rates will be effective from 1st November, 2016.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.