Loan Against Property in Srikakulam
If you own property, you rarely need an expensive personal loan. A loan against property is secured, so the rate is a fraction of an unsecured one and the tenure is far longer. It is the right answer for business expansion, a large medical cost, or consolidating several costly EMIs into one.
- Rates from
- 9.50% p.a.*as published by Kotak Mahindra Bank
- Amount
- Up to ₹5 crore
- Tenure
- Up to 15 years
- Typical sanction time
- 12–25 days
- Lenders on panel
- HDFC Bank · ICICI Bank · Axis Bank · Kotak Mahindra Bank · YES Bank · IDFC First Bank · IndusInd Bank · Bajaj Finserv · Tata Capital · SMFG Grihashakti · InCred Finance · L&T Finance · Piramal Finance · Aditya Birla Capital · Poonawalla Fincorp · PNB Housing Finance · Godrej Capital · Cholamandalam
Who it suits
When a loan against property is the right answer
- Business expansion or working capital
- Consolidating high-interest debt into a single lower EMI
- Education or medical expenses of a large size
- Any need where you own property and want a lower rate
What we do differently
On this product specifically
Residential, commercial or industrial
Most self-owned property with clear title can be considered, including shops and godowns.
Valuation explained upfront
We give you a realistic view of what the property will value at, before you commit to the process.
Overdraft options
Some lenders offer a drop-line overdraft where you pay interest only on what you use.
Work out the EMI
What a loan against property would cost you monthly
Set to typical values for this product. Adjust them, then carry the figures straight into your application.
20 lakh
144 months
Monthly EMI
₹23,327
40%of what you repay is interest
- Principal
- ₹20,00,000
- Total interest
- ₹13,59,155
- Total payable
- ₹33,59,155
Indicative only. Your actual EMI depends on the rate the lender sanctions.
Documents
What to bring for a loan against property
Pick the description that fits you. Anything you cannot find, tell us — there is usually an alternative the lender will accept.
Everyone needs these
- PAN card
- Aadhaar card
- Two passport-size photographs
- Proof of current address — Aadhaar, electricity bill, rent agreement or passport
Income proof
- Last 3 months' salary slips
- Last 6 months' bank statement of the salary account
- Form 16 or Income Tax Returns for the last 2 years
- Employee ID card or appointment letter
Property documents
- Title deed and previous chain of ownership documents
- Approved building plan, where applicable
- Encumbrance certificate for the last 13 years
- Latest property tax receipt
- Rent agreement, if the property is let out
Do not have everything? Come in anyway — an incomplete set is enough for a first conversation, and we will tell you exactly what is still missing.
Other loans we arrange
* Lowest starting rate published by a lender on our panel (Kotak Mahindra Bank), checked on 19 August 2026. Rates are indicative and are not an offer. The rate you are actually offered depends on your credit score, income, loan amount, tenure and the lender’s prevailing rates, and is confirmed only in the lender’s sanction letter. Processing, legal, valuation and other charges levied by the lender are additional and will be disclosed to you in writing before you proceed.
Varahi FinCare is a channel partner and not a lender; the loan is sanctioned at the sole discretion of the bank or NBFC.