Property Finance Solutions for Every Need
Home loans, construction finance, loan against property, and commercial property loans — all under one roof.
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What is Property Finance?
Property finance encompasses all forms of lending and financial products related to the purchase, construction, renovation, or leveraging of real estate assets. It includes home loans for buying residential property, construction loans for building on your own land, loan against property for raising funds by mortgaging existing real estate, and commercial property loans for business premises. Property finance is one of the most widely used forms of secured lending in India, with the real estate sector being one of the largest contributors to the economy.
With competitive interest rates starting from 8.25% p.a., long repayment tenures of up to 30 years, and attractive tax benefits under multiple sections of the Income Tax Act, property finance is the most cost-effective way to fund your real estate goals. Whether you are a first-time homebuyer, a property investor, or a business owner looking to purchase commercial space, understanding the various loan products, eligibility criteria, and government subsidies can help you make the most informed financial decision.
Types of Property Finance
Benefits of Property Finance
- Lowest interest rates among all loan products — starting from 8.25% p.a. for home loans
- Long repayment tenure up to 30 years resulting in affordable EMIs
- Tax benefits on both principal repayment (Section 80C up to Rs. 1.5 lakh) and interest paid (Section 24(b) up to Rs. 2 lakh for self-occupied property)
- Additional tax deduction of Rs. 1.5 lakh under Section 80EEA for first-time homebuyers (if applicable)
- Property appreciation — real estate is a long-term wealth-building asset
- Subsidies available under government schemes like PMAY (Pradhan Mantri Awas Yojana) for eligible borrowers
- Builds a strong credit history and improves future borrowing capacity
Government Schemes & Subsidies
Eligibility Criteria
- Indian citizen or NRI, aged between 21 and 65 years (at loan maturity)
- Salaried individuals with a minimum monthly income of Rs. 25,000 (varies by lender and city)
- Self-employed professionals and business owners with minimum 3 years of business continuity and 2 years of ITR
- Credit score of 700 and above for the best interest rates (some lenders accept 650+ at higher rates)
- Maximum EMI-to-income ratio of 50-60% including all existing loan obligations (FOIR)
- Property must be legally clear with valid title, approved plan, and no encumbrances or litigation
- For joint applications, co-applicant's income can be clubbed to enhance loan eligibility
Property Finance Process
- Assessment of your property funding requirement — purchase, construction, renovation, or loan against property
- Eligibility check and comparison of interest rates, tenure, and terms across banks and NBFCs
- Documentation — gathering identity, income, employment, and property documents
- Application submission to the selected lender along with the property details and documents
- Property verification — lender conducts legal verification of the title and technical valuation of the property
- Credit appraisal — lender evaluates income, credit score, existing obligations, and repayment capacity
- Loan sanction and issuance of the sanction letter with approved amount, interest rate, tenure, and EMI schedule
- Property mortgage creation — execution of mortgage deed and registration (equitable or registered mortgage)
- Loan disbursement — for ready properties, full amount is disbursed; for under-construction, disbursed in stages linked to construction progress
Documents Required
- Identity Proof (Aadhaar Card, PAN Card, Passport, Voter ID)
- Address Proof (Utility bills, Aadhaar, Passport, Rent Agreement)
- Income Proof — Salary slips (last 3-6 months) and Form 16 for salaried; ITR (last 3 years), P&L account, and Balance Sheet for self-employed
- Bank Statements (last 6-12 months showing salary credits or business transactions)
- Property Documents — Sale agreement, title deed, approved building plan, encumbrance certificate, property tax receipts
- Builder/Developer documents — RERA registration, completion certificate, occupancy certificate (for under-construction or new properties)
- Existing loan statements (if any) for balance transfer applications
- Passport-size photographs
- Processing fee cheque
How it works?
Share property details
Provide the property details, sale agreement, and your income documents for loan assessment.
Loan eligibility check
Our expert checks your home loan eligibility across 20+ banks and finds the best rate.
Property verification
We coordinate property legal verification and technical valuation required by the bank.
Loan sanction & disbursement
We follow up for quick sanction and ensure smooth disbursement linked to construction/purchase stages.
Chat with us
Chat with us for all your property finance needs.
Hear what our users have to say
I've been using the Legitax app and it's really made dealing with legal stuff easier. It's great how I can just open the app and quickly find a legal expert to talk to, no matter what time it is. Every time I've had a question, big or small, I've gotten easy-to-understand answers from their experts. The app is super easy to use too, which is a big plus for me. I feel more confident handling legal things now. Legitax has been a big help!
Vijay Kanoor
Bengalore, Karnataka
The Legal advice I get is straightforward and easy to understand, which is important for me. Using Legitax has taken away a lot of stress when it comes to legal matters. I definitely recommend it to anyone looking for quick and reliable legal help.
Krishnamoorthy B
Chennai, Tamil Nadu
The advocate I connected with on Legitax was incredibly helpful, clearing up many doubts I had. They offered solutions and insights into issues that were affecting my family and me. I've had such a positive experience that I wouldn't hesitate to recommend Legitax to my friends.
Bhavesh Jain
Jaipur, Rajasthan
I was really impressed with the quality of legal advice I received. The lawyer was patient, knowledgeable, and took the time to explain everything in detail. It felt like having a personal legal advisor at my fingertips.
Lata Sharma
Amritsar, Punjab
Very convenient service. I needed urgent legal advice regarding a property dispute and was connected with a qualified lawyer within minutes. The consultation was thorough and the advice was practical and actionable.
Prakesh Ranjan
Patna, Bihar
Excellent platform for legal consultations. The process is seamless and the lawyers are very professional. I got my documents reviewed quickly and the feedback was comprehensive. Highly recommended for anyone needing legal assistance.
Preety Singh
Lucknow, Uttar Pradesh
Legitax made the entire process of getting legal help so much simpler. From consultation to document drafting, everything was handled professionally. The pricing is transparent and reasonable.
Arvind Pratap
Bhopal, Madhya Pradesh
I've been using the Legitax app and it's really made dealing with legal stuff easier. It's great how I can just open the app and quickly find a legal expert to talk to, no matter what time it is. Every time I've had a question, big or small, I've gotten easy-to-understand answers from their experts. The app is super easy to use too, which is a big plus for me. I feel more confident handling legal things now. Legitax has been a big help!
Vijay Kanoor
Bengalore, Karnataka
The Legal advice I get is straightforward and easy to understand, which is important for me. Using Legitax has taken away a lot of stress when it comes to legal matters. I definitely recommend it to anyone looking for quick and reliable legal help.
Krishnamoorthy B
Chennai, Tamil Nadu
The advocate I connected with on Legitax was incredibly helpful, clearing up many doubts I had. They offered solutions and insights into issues that were affecting my family and me. I've had such a positive experience that I wouldn't hesitate to recommend Legitax to my friends.
Bhavesh Jain
Jaipur, Rajasthan
I was really impressed with the quality of legal advice I received. The lawyer was patient, knowledgeable, and took the time to explain everything in detail. It felt like having a personal legal advisor at my fingertips.
Lata Sharma
Amritsar, Punjab
Very convenient service. I needed urgent legal advice regarding a property dispute and was connected with a qualified lawyer within minutes. The consultation was thorough and the advice was practical and actionable.
Prakesh Ranjan
Patna, Bihar
Excellent platform for legal consultations. The process is seamless and the lawyers are very professional. I got my documents reviewed quickly and the feedback was comprehensive. Highly recommended for anyone needing legal assistance.
Preety Singh
Lucknow, Uttar Pradesh
Legitax made the entire process of getting legal help so much simpler. From consultation to document drafting, everything was handled professionally. The pricing is transparent and reasonable.
Arvind Pratap
Bhopal, Madhya Pradesh
Frequently asked questions
The maximum home loan amount depends on your income, credit score, existing obligations, and the property value. Most banks offer up to 75-90% of the property value (Loan-to-Value ratio). As per RBI guidelines, for loans up to Rs. 30 lakh the LTV can be up to 90%, for loans between Rs. 30-75 lakh it is up to 80%, and for loans above Rs. 75 lakh it is up to 75%. Your actual eligibility is further limited by the EMI-to-income ratio — typically your total EMIs (including the proposed loan) should not exceed 50-60% of your net monthly income.
In a fixed-rate home loan, the interest rate remains constant throughout the tenure regardless of market conditions. Your EMI amount stays the same, providing certainty in budgeting. In a floating-rate loan, the interest rate is linked to the lender's benchmark rate (RLLR/EBLR) and changes periodically based on RBI repo rate movements. When rates go down, your EMI decreases; when rates increase, your EMI goes up. Floating-rate loans are generally 1-2% cheaper than fixed-rate loans and are more popular since they benefit from rate cuts over a long tenure.
Yes, home loans offer significant tax benefits. Under Section 80C, you can claim a deduction of up to Rs. 1.5 lakh per year on the principal repayment. Under Section 24(b), you can claim up to Rs. 2 lakh per year on interest paid for a self-occupied property (no limit for let-out property). First-time homebuyers can claim an additional deduction of up to Rs. 1.5 lakh under Section 80EEA (subject to conditions). For joint home loans, each co-borrower can individually claim these deductions, effectively doubling the tax benefit.
RERA (Real Estate Regulatory Authority) is a regulatory body established under the Real Estate (Regulation and Development) Act, 2016 to protect homebuyers and ensure transparency in real estate transactions. Every real estate project must be registered with RERA before advertising or selling. For property finance, RERA registration is crucial because most banks and NBFCs will not approve a home loan for projects that are not RERA-registered. It ensures that the project has valid approvals, the builder has a clean track record, and the funds collected from buyers are used only for that specific project.
If you miss EMI payments, the lender will first send reminders and late payment notices. Continuous default beyond 90 days classifies the account as NPA. The lender can then invoke the SARFAESI Act to take possession of the mortgaged property and auction it to recover the outstanding dues. Before that stage, lenders usually offer options like EMI restructuring, tenure extension, or moratorium. Your credit score will be severely affected from the first missed EMI itself. It is always advisable to contact your lender proactively if you anticipate repayment difficulty to explore restructuring options before the account turns delinquent.
Yes, NRIs can avail home loans and loans against property in India. Most banks and housing finance companies offer home loan products specifically designed for NRIs. The property must be located in India, and the loan repayment must be made from the NRI's NRE/NRO account or through inward remittances. The LTV ratio for NRIs is typically 75-80%, and additional documents like passport, visa, overseas employment contract, and foreign bank statements are required. The loan tenure and interest rates are generally similar to those offered to resident Indians.