| Banks / NBFCs | Interest Rates | Tenure | Processing Fees |
| HDFC Bank | Starting 9.40% & Above | Maximum 15 years | 0.50% |
| ICICI Bank | Starting 9.40% & Above | Maximum 15 years | 0.75% |
| Kotak Mahindra Bank | Starting 9.40% & Above | Maximum 15 years | 0.50% |
| Axis Bank | Starting 9.40% & Above | Maximum 15 years | 0.50% |
| IDFC Bank | Starting 9.40% & Above | Maximum 20 years | 1% |
| Standard Chartered Bank | Starting 9.40% & Above | Maximum 15 years | 0.50% |
| Deutsche Bank | Starting 9.40% & Above | Maximum 15 years | 0.75% |
| Bajaj Finance | Starting 9.75% & Above | Maximum 15 years | 1% |
| L&T Finance | Starting 9.75% & Above | Maximum 15 years | 1% |
| India Bulls | Starting 10.5% & Above | Maximum 15 years | 1% |
| RBL Bank | Starting 9.50% & Above | Maximum 15 years | 1% |
| Hero Fincorp | Starting 11% & Above | Maximum 15 years | 1% |
| HDB Finance | Starting 9.75% & Above | Maximum 15 years | 1% |
| HSBC | Starting 9.5% & Above | Maximum 15 years | 0.50% |
| Shinhan Bank | Starting 9.10% & Above | Maximum 15 years | 0.50% |
| AU Small Finance Bank | Starting 10% & Above | Maximum 15 years | 1% |
Agra, a city in northern Uttar Pradesh along the banks of the Yamuna River, is a true reflection of India’s historical and architectural glory. It is famous for the majestic Taj Mahal, one of the world’s most renowned monuments. Agra is filled with cultural and artistic wonders, from the impressive Agra Fort to the peaceful Mehtab Bagh gardens.
The city effortlessly combines the past with the present, showcasing the Mughal era’s influence. Its bustling markets offer a glimpse into traditional craftsmanship and delicious food. Agra is like a vibrant canvas, where every corner tells a new story of India’s rich culture.
The Economy of Agra
Agra is a popular tourist spot, thanks to the Taj Mahal, Agra Fort, and other historical and cultural landmarks. Tourism is a big deal here and boosts the local economy, with hotels, restaurants, transportation services, and local businesses all benefiting. The city is famous for its beautiful handicrafts, created by talented artisans.
Agra also has a good number of small and medium-sized factories that produce items like leather goods and textiles. The surrounding area is mostly focused on agriculture, growing crops like wheat, rice, sugarcane, and veggies. Farming is an important part of the local economy and provides jobs for many people.
Features & Benefits of Loan Against Property
1. Mortgage loan amount:
You could get anywhere from INR 20 lakh to INR 7.5 crore, depending on how much your property is worth and other things that make you eligible.
2. Low-Interest Rate:
Get the best deal on interest rates with OneNDF Loans, so you can easily afford and efficiently finance your property.
3. Loan-to-Value Ratio:
You can get a Loan-to-Value (LTV) Ratio of up to 75% of your property’s value, giving you enough money to meet your goals and allowing you to borrow more based on your property’s worth.
4. Hassle-free Documentation:
Make the loan application process easier with OneNDF Loans, as we guarantee hassle-free paperwork for your convenience.
5. Tenure:
The LAP repayment period can be as long as 15 years, making it easier for borrowers to comfortably pay off their EMIs.
6. Easy Repayment & Longer Tenure:
Get flexible repayment options and a longer loan duration with OneNDF Loans, making it easier for you to manage your finances.
Loan Against Property EMI Calculator
Eligibility Criteria for Loan Against Property
To avail of a Loan Against Property in Agra, the borrower must fulfil the following eligibility criteria:
| Particulars | Requirement |
| Citizenship | The applicant must hold Indian citizenship. |
| Age | The borrower must be at least 25 years old, and the maximum age must not be more than 75 years old at the time of loan maturity. |
| Nature of work for salaried applicants | Salaried Employee of an MNC, public sector or private sector with stable income |
| Business Vintage for self-applicant | The business must be at least 3 years old if applicable |
| Credit Score | Both the promoter and the business must have a good credit score of more than 700. The credit score of co-applicants is also checked wherever applicable. The credit score has a crucial role to play in determining the creditworthiness of the borrower. It determines the limit of the lender’s credit exposure based on the repayment history of the business. |
Documents Required to Apply for a Loan Against Property in Agra
The documents required for a Loan Against Property in Agra may vary. However, the following documents are usually sought by banks and NBFCs for a Loan Against Property in Agra:
- Application form with a recent photograph
- Passport copy, voter ID card, driver’s license, PAN card or any other proof of identity.
- Address proof as such passport, utility bills, driving license etc.
- Age proof as such bank statement, bank passbook, or other certificate from a statutory authority.
- Bank statement of last 6 months or last 6 months’ salary slips.
- Form 16
- Income tax returns of last 3 years
- Processing fee cheque
Additional documents for self-employed and SMEs for Loan Against Property
- For self-employed: CA attested income statements and other financials of past 2 years.
- For SMEs: last 2 years financial audited.
Also Read: Detailed List of documents required for loan against property
Interest Rates on Loan Against Property
The interest rates on a Loan Against Property in Agra can vary from lender to lender. However, here is an overview of the interest rates and charges on various types of Loan Against Property in Agra:
| Fees & Charges | Amount Chargeable |
| Interest Rate | Starting from 9.10% P.A. |
| Loan Amount | ₹20 Lakh to ₹ 7.5 Cr |
| Loan Processing Charges | Minimum Processing fee is 1%+ GST |
| Foreclosure Charges | Pre-Payment is not allowed within 12 months of loan sanction After 12 months, pre-payment charges will be applicable as described in the sanction letter |
How to apply for a Loan Against Property in Agra through OneNDF
The process of applying for a Loan Against Property in Agra may differ based on the type of Loan Against Property availed.
OneNDF streamlines this process by allowing individuals to apply for Loan Against Property online and match with lenders according to their unique Loan Against Property requirements:
- Open the official website of OneNDF and SIGN UP.
- You can register by entering your mobile number and clicking on ‘Next’.
- You would receive an OTP, through which you can authenticate your identity.
- Once authenticated with OTP, you can upload your documents and apply for a Loan Against Property at attractive interest rates as per your requirements.
- Once the loan application form is submitted, the platform connects you with the best lender available as per your requirements. It helps you get a Loan Against Property at a competitive interest rate.
Frequently Asked Questions (FAQs)
Q.1 What are some reputable lenders offering Loan Against Property in Agra?
Several national and regional banks and NBFCs operate in Agra, including HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, and Bajaj Finance. Comparing rates and terms from various lenders is crucial.
Q.2 What are the potential risks involved in taking a Loan Against Property in Agra?
Failing to repay the loan can lead to property foreclosure. Carefully assess your repayment capacity and consider the impact on your business finances before proceeding.
Q.3 Are there any tax benefits associated with Loan Against Property in Agra?
The interest paid on a Loan Against Property can be claimed as a deduction under specific sections of the Income Tax Act, subject to certain conditions. Consulting a tax advisor for personalized guidance is recommended.
Q.4 What are the eligibility criteria for a Loan Against Property in Agra?
To qualify for an Agra-based Loan Against Property, one must be an Indian citizen aged 25 to 75 at loan maturity. Salaried applicants require stable income from MNCs, public or private sectors. Self-employed individuals need a 3-year business vintage and a credit score above 700.
Q.5 What are the interest rates on a Loan Against Property in Agra?
Lenders offer varied interest rates. As of now, HDFC Bank is at 8.80%, ICICI Bank at 9%, and Kotak Mahindra Bank at 9%, providing borrowers with a range of options to suit their preferences and financial needs.
