भारत में Loan कैसे लें? पूरी जानकारी | Loan in India Guide

आज के समय में Loan घर खरीदने, business शुरू करने, education, vehicle खरीदने, medical/emergency expenses, working capital और अन्य financial requirements के लिए इस्तेमाल किया जाता है।

लेकिन हर applicant के लिए एक ही loan suitable नहीं होता। Loan की eligibility, interest rate, loan amount, tenure, processing fee और अन्य terms lender की policy, applicant profile, credit history, income, existing obligations और documentation के आधार पर अलग-अलग हो सकती हैं।

DIGILOANS Corporate DSA का उद्देश्य customers को विभिन्न loan options को समझने, eligibility और documentation की जानकारी लेने तथा application process में professional assistance प्राप्त करने में मदद करना है।

Important: Loan approval की final decision संबंधित bank/NBFC करता है। DIGILOANS किसी specific loan approval, interest rate या loan amount की guarantee नहीं करता।

Loan क्या होता है?

Loan एक financial facility है जिसमें bank या NBFC eligible borrower को निर्धारित terms के अनुसार funds उपलब्ध कराता है और borrower agreed schedule के अनुसार principal तथा applicable interest/charges का repayment करता है।

Loan लेने से पहले borrower को केवल interest rate नहीं, बल्कि total borrowing cost, EMI, tenure, processing fee, foreclosure/prepayment terms और अन्य applicable charges भी समझने चाहिए।

भारत में कौन-कौन से Loan उपलब्ध हैं?

1. Personal Loan

Get the Right Personal Loan for Your Financial Needs Flexible Personal Loan Assistance Across India

Digital & Instant Personal Loan — ROI Starting from 9.99% p.a.

Get a personalised personal loan solution with a simple digital process, quick assistance and flexible repayment options—all with expert support from DIGILOANS Corporate DSA.

✓ Digital Application | ✓ Quick Processing | ✓ 100+ Banks & NBFCs | ✓ Pan India Support

DIGILOANS CORPORATE DSA FRANCHISEE PAN INDIA helps customers explore suitable personal loan options from a wide network of banks and NBFCs, subject to lender eligibility, documentation and approval policies.

Interest rates, loan amount, approval and other terms are subject to lender eligibility, policies and final approval.

Lawyer discussing legal documents with clients at office desk.
Three adults discuss a home insurance policy at a meeting table indoors.

1. PERSONAL LOAN OVERVIEW

A Personal Loan is generally an unsecured credit facility that can be used for various legitimate personal or financial requirements without providing collateral, subject to the lender’s approval criteria.

At DIGILOANS CORPORATE DSA FRANCHISEE PAN INDIA, we assist customers in understanding available loan options and connecting with suitable banking and NBFC partners.

Personal Loan can be considered for:

  • Medical and emergency expenses
  • Wedding expenses
  • Education requirements
  • Home renovation
  • Travel and personal requirements
  • Debt consolidation
  • Business or professional requirements, where permitted by the lender

Loan amount, interest rate, tenure, processing charges and eligibility are decided by the respective lender.

2. PERSONAL LOAN — KEY FEATURES

💰 Flexible Loan Options

Loan options may be available across different customer profiles, subject to lender policies.

📅 Flexible Repayment Tenure Upto 84 Months

Choose an available repayment tenure based on your eligibility and lender terms.

🔐 Generally Unsecured

Personal loans generally do not require collateral, subject to lender policy.

🏦 Multiple Banking Partners

Access assistance across our network of 100+ Banks & NBFCs.

🇮🇳 Pan India Assistance

Loan assistance available for customers across India, subject to lender serviceability.

🤝 Personalised Support

Professional assistance from application to documentation and lender coordination.

3. WHY CHOOSE DIGILOANS?

One Place. Multiple Loan Options. Professional Assistance.

With 15+ years of finance industry experience, DIGILOANS CORPORATE DSA FRANCHISEE PAN INDIA provides customers with professional assistance for exploring suitable financial products.

Our key advantages:

✔ 15+ Years Finance Experience
✔ 10+ Years Associated with DIGILOANS Corporate
✔ 50+ Banks & NBFC Network
✔ Private & Government Banking Options
✔ Pan India Assistance
✔ Personalised Customer Support
✔ Documentation Guidance
✔ Application & Lender Coordination

Important: Loan approval, interest rate, amount and terms remain subject to the respective lender’s credit assessment and policies.

4.Personal Loan Eligibility Criteria

To qualify for a personal loan, you have to meet certain criteria. Below are the important factors that lenders take into consideration to decide your eligibility for a personal loan. 

  • Age should fall under the range of 21 years to 60 years
  • Net monthly income should be 15,000/- for salaried and self-employed, yearly transactions should be a minimum of 20 lakhs  
  • Credit score must be above 650
  • Debt-to-income ratio
  • Employment stability
  • Maintained a good credit score
  • Clear repayment history
  • Must be a Resident Citizen of India

Check eligibility for personal loan

Availing of a personal loan can be a daunting task, but it is essential to make an informed decision to avoid financial difficulties later. Here are some tips to help you select the personal loan for your needs:

Determine the Loan Amount:  Before applying for a personal loan, assess your financial situation and determine the amount you need to borrow. Avoid borrowing more than you need as it may lead to debt traps.

Check your Credit Score : A good credit score increases your chances of getting a loan at a lower interest rate. Before applying for a loan, check your credit score and report to ensure that there are no errors or discrepancies that may affect your loan application.

Compare Interest Rates:  Compare the interest rates of different lenders and choose the one that offers the lowest interest rate. A lower interest rate can help you save a significant amount of money over the loan tenure. You can also calculate your EMI by using EMI Calculator by visiting  www.digiloansfranchisepanindia.com 

(INTEREST RATE INDEX)

Evaluate Other Charges:  Apart from interest rates, lenders may levy other charges such as processing fees, prepayment charges, late payment fees, etc. Evaluate these charges and choose a lender that offers the most reasonable fees.

(PROCESSING CHARGE COMPARISON)

Check Eligibility Criteria:  Different lenders have different eligibility criteria for personal loans. Check the eligibility criteria before applying to ensure that you meet the requirements.

Read the Terms and Conditions:  Before signing the loan agreement, read the terms and conditions carefully. Understand the repayment schedule, interest rates, fees, and penalties to avoid any surprises later.

Choose the Right Tenure:  Choose a loan tenure that is suitable for your repayment capacity. A longer tenure may lower your EMI, but it will increase the total interest outgo. 

Look for Repayment Flexibility : When taking out a personal loan, it’s essential to consider repayment flexibility as one of the factors. Repayment flexibility refers to the ability to pay back the loan amount at your convenience, without any financial strain.

Documents required to apply for Personal Loan

Depending on the applicant profile and lender, documents may include:

Identity Proof

  • PAN Card
  • Aadhaar Card
  • Passport
  • Driving Licence
  • Voter ID

Address Proof

  • Aadhaar Card
  • Passport
  • Driving Licence
  • Utility bill
  • Other lender-accepted address proof

Salaried Applicant

  • Latest salary slips
  • Bank statements
  • Employment-related documents, where required

Self-Employed Applicant

  • Bank statements
  • ITR
  • Business proof
  • GST documents, where applicable
  • Financial statements, where required

Additional documents may be requested by the lender during verification.

EMI Calculator for Personal Loan

An EMI calculator is a useful tool that can help you estimate the monthly installments you will have to pay towards your personal loan within a specific period. By using the Digiloans corporate EMI calculator, you can calculate your EMI beforehand, which can help you plan your finances better. Additionally, you can check your eligibility and compare different loan options using DIGILOANS Personal Loan calculator.
 
 
 
 
 
 
 

7. PERSONAL LOAN PROCESS

Make this section as a 5-step horizontal process:

01 — Submit Enquiry

Share your basic financial and loan requirement details.

02 — Profile Assessment

We understand your income, employment/business profile and requirement.

03 — Loan Options

Available lender options may be evaluated based on your profile.

04 — Documentation

Required documents are collected and submitted as per lender requirements.

05 — Lender Decision

The respective lender conducts verification and makes the final credit decision.

Fees and Charges for Personal Loan

The fees and charges of personal loans usually vary from lender to lender and from case to case. The aforementioned table will give you a fair idea of the fees and charges related to personal loans:

Particulars
Charges
Loan Processing Fees
2999/- to 5% of Loan Amount
Loan Cancellation
Usually 3000 to 5% of Loan Amount
Stamp Duty Charges
150/- to 300/-
Legal Fees
As per actuals
Penal Charges
Usually 2% per month
EMI / Cheque Bounce Charges
Approx 499/- to 599/

9. WHY USE OUR PERSONAL LOAN ASSISTANCE?

One Requirement. Multiple Possibilities.

Instead of approaching multiple lenders individually, customers can submit their requirement through DIGILOANS and receive assistance in exploring available options.

Our role: Assistance, documentation guidance and coordination.

Lender’s role: Credit assessment, sanction, pricing, documentation approval and disbursement.

Frequently asked questions

What is the minimum credit score required to qualify for a personal loan?

Depending on several factors, including the loan amount, loan term, income, and employment history, different lenders have different minimum credit score requirements to be approved for personal loans. Most lenders consider a credit score of 650 or above to be strong enough to qualify for a personal loan. To be eligible for a personal loan with low-interest rates and advantageous terms, some lenders may require a credit score of 700 or better.

What is the minimum salary required to be eligible for a personal loan?

 

Can pensioners with a pension account at one of the leading banks in India apply for a personal loan?

 

 

Can I still apply for a personal loan if I already have a home loan?

 

Can I apply for a personal loan without a salary slip?

 

Can I use a personal loan for marriage expenses?

 

 

Are there any charges for prepaying a personal loan?

 

Is collateral or security needed to apply for a personal loan?

 

What are the different repayment period options for a personal loan?

 

  •  
  •  
  •  
  •  
  •  
How can I calculate the EMI for my personal loan?

 

  •  
  •  
  •  
  •  
  •  
What is the maximum loan amount that I can borrow through a personal loan?

 

How long does it take to process a personal loan application? I

 

 

Can I negotiate the interest rate for my personal loan?

 

Can I apply for a personal loan online?

 

What happens if I default on my loan payments? I

 

  •  
  •  
  •  
  •  
  •  
 
 
 
 
 
 

 

2. Home Loan

https://images.openai.com/static-rsc-4/P6mdqpxWzJlInnwIp80glewnIgwCM8p5Ha5s1jojVjXv1bZPipwlZ_-e0rlFqjeQ-EymuBwUWywVo_f2BLft25CQLIlDtzgaErbr02gL5ZCWV9oOMmxBOjfyNQiRefX4o4uY66Ufn3wcVX9w7amyi91Da9LvKrFkgJ52ZAvicIou_xVxhjPzgjt-Bm2tNaa8?purpose=fullsize

Apply for Pradhan Mantri Awas Yojana Online | PMAY Home Loan

Easy Home Finance - Best Housing Finance Company in India

🏠 HOME LOAN

Make Your Dream Home a Reality with the Right Home Loan

Flexible Home Finance Solutions | 100+ Banks & NBFCs | Pan India Assistance

Buying or constructing a home is a major financial decision. At DIGILOANS Corporate DSA, we help you explore suitable Home Loan solutions based on your income, credit profile, property, repayment capacity and financial requirements.

Through our network of 100+ Banks & NBFCs, eligible customers can explore multiple lending options with professional assistance throughout the application process.

Elegant waterfront villa with palm trees and lush greenery, ideal for luxury living.
A striking view of modern skyscrapers against a clear blue sky, showcasing contemporary architectural design.

3BHK vs 2BHK Flats in Gurgaon: Which is Better?

https://images.openai.com/static-rsc-4/1rIpbzygz8oHwpCiVZLGU9uL32SKLRS85MWlRwIpdVCnePviTisbsAWAfgLCEHo_0oIj8CCE2uTUmbu2OGrJSyyFV3loMTt1OfeuDmd82iKqO9uuIIlKFUObhzPcCPSmreoGDL-NL8JqaB97gSPOF1jM7Gy4EuSdKaqlzoJaPW6D-sFfmCmY2d703yXhn1Gb?purpose=fullsize

https://images.openai.com/static-rsc-4/fFTKC6QOzswHepa2li5CuY0fJz4_qtDtG0Mlck0UVtDgMtBRxz5VfnBSZDgijmNcX1Pp4ZNaVNQ86AzoPywNGgDwfyc5XFm1VJhWtkXB_0xym1iVL1iJwjT3NPjF6l5B1VEKUGMO9iWzxbj7EQmPPHno6oJSMmbgYFO0d7IFtPULoLF1pJaNObf8KyPiSCjS?purpose=fullsize

Find the Right Home Loan for Your Property

A suitable home loan can help you manage the cost of purchasing or constructing a property while spreading repayment over an appropriate tenure.

We assist customers in exploring financing for:

🏡 Home Purchase

Finance the purchase of an eligible new or resale residential property.

🏗️ Home Construction

Explore funding for construction of a residential house on an eligible plot/property.

🔄 Home Loan Balance Transfer

Existing home-loan borrowers can explore transfer options if another lender offers suitable terms.

➕ Home Loan Top-Up

Eligible existing borrowers may explore additional funding subject to lender policies.

🛠️ Home Improvement

Explore finance for eligible renovation, repair and improvement requirements.

🏢 Select Property Funding

Depending on the lender and product, financing may be available for eligible residential properties and specific property categories.

⭐ Why Choose DIGILOANS Corporate DSA?

One Platform. Multiple Lender Options. Professional Assistance.

100+ Banks & NBFC Network

Access to a broad lender network can help eligible customers explore different financing options.

Profile-Based Guidance

We consider important factors such as income, existing obligations, credit profile and property details.

Pan India Assistance

Our financial assistance is available for customers across India, subject to lender availability and serviceability.

End-to-End Support

We assist with application coordination, documentation and communication with the concerned lender.

Transparent Process

We aim to clearly explain the applicable loan terms, documentation requirements, charges and lender conditions.

Home Loan Eligibility

The basic home loan eligibility criteria are as follows:

Age: 

  • You must be above 21 years of age at the time of the commencing of your loan, and up to 65 years or less at loan maturity
  • Salaried Person – 21 years to 58 years
  • Self-Employed Person – 25 years to 65 years

Income

  • Salaried Person – Minimum Rs. 10,000 per month
  • Self-Employed Person – Minimum Rs. 2,00,000 per year

Employment

  • Salaried Person – Minimum 2 to 3 years of Experience in MNC, or a Private or Public Limited Company
  • Self-Employed Person – Minimum 3 years of Experience in the current field

Credit Score

  • A credit score of 750 is considered a good score for approval.

💰 Home Loan Interest Rate

Competitive Interest Rates Based on Your Profile

Home Loan interest rates are not identical for every customer. The applicable rate can depend on:

  • Credit score and repayment history
  • Monthly/annual income
  • Employment or business profile
  • Existing EMIs and financial obligations
  • Loan amount
  • Loan tenure
  • Property type and location
  • Customer relationship with lender
  • Lender’s current pricing policy

For applicable floating-rate retail loans, lenders follow the regulatory framework governing external benchmark-linked lending rates. The applicable benchmark and reset mechanism should be checked in the lender’s loan documents.

Important

Do not choose a Home Loan only on the basis of the advertised interest rate. home Loan ROI Start 7% P.A. Onwards @2026

Consider:

Interest Rate + EMI + Processing Fee + Other Charges + Tenure + Reset Terms + Prepayment Conditions + Total Repayment

Documentation for Home Loan

 1. Salaried Individuals

  • Form 16
  • Employee Identity Card
  • 3 Months Salary Slip
  • 6 Month Bank Account Statement
  • Duration of Employment Evidence

2. Self-Employed Individuals

  • PAN
  • Trade License
  • Partnership Deed
  • Article of Association
  • Memorandum of Association
  • Import Export Code
  • SEBI Registration Certificate
  • ROC Registration Certificate
  • Financial Statement Audited by CA
  • Profit & Loss Account Statement
  • Balance Sheet
  • 6 Months Bank Account Statement
  • Professional Practice License for Doctors, Consultants, etc
  • Registration Certificate of Establishment for Shops, Factories, and Other Establishments
  • Business Address Proof

3. Documents Required from all Non-Resident Indians (NRIs) Applicants

  • Income Proof Documents for NRI
  • Property Papers
  • Property Documents
  • Sale Deed
  • Stamped Agreement of Sale
  • Allotment Letter
  • No Objection Certificate or NOC
  • Housing Society
  • Builder
  • Possession Certificate
  • Land Tax Receipt
  • Construction Cost Estimate
  • Bank Account Statement of Payment Made to Seller or Builder
  • Payment Receipt of Payment Made to Seller or Builder
  • Incase of resale property share certificate is required
  • Occupancy Certificate

🏠 PROPERTY TYPES

Home Loan financing may be available for eligible:

New Residential Property

Resale Property

Ready-to-Move Property

Under-Construction Property

Self-Construction

Residential Plot + Construction, where offered by the lender

Property eligibility, valuation and legal approval remain subject to the respective lender.

Property Documents

Depending on the property and transaction:

  • Agreement / Sale documents
  • Allotment letter
  • Title documents
  • Approved building plan, where applicable
  • Property tax documents, where applicable
  • Other legal/technical documents required by the lender

HOME LOAN BALANCE TRANSFER

Already paying a Home Loan?

You may explore a Balance Transfer when another lender’s available terms may suit your financial requirements.

Before transferring, compare:

Existing Rate vs New Rate

Outstanding Principal

Remaining Tenure

Processing & Other Charges

Total Interest Cost

Prepayment / Foreclosure Conditions

Net Financial Benefit

A lower advertised rate does not automatically mean a lower overall cos

➕ HOME LOAN TOP-UP

Eligible existing borrowers may be able to obtain additional funding through a Home Loan Top-Up, depending on:

  • Existing repayment history
  • Outstanding loan
  • Property value
  • Income
  • Credit profile
  • Lender policy

Use of funds and applicable terms depend on the lender/product.

🚀 SIMPLE HOME LOAN PROCESS

STEP 1 — Share Your Requirement

Tell us your property, income and required loan amount.

STEP 2 — Initial Profile Assessment

We review basic eligibility parameters.

STEP 3 — Explore Lender Options

Available options can be identified based on your profile and requirement.

STEP 4 — Submit Documents

Provide the documents requested by the concerned lender.

STEP 5 — Credit Assessment

The lender evaluates income, credit history, liabilities and other applicable factors.

STEP 6 — Property Verification

Legal and technical/property valuation checks are conducted as applicable.

STEP 7 — Sanction

If approved, the lender issues the applicable sanction/offer documents.

STEP 8 — Agreement & Disbursement

After completion of required conditions and documentation, disbursement is made according to lender

⚡ WHAT CAN AFFECT HOME LOAN APPROVAL?

Several factors can influence the lender’s decision:

Credit Profile

Repayment history and credit information.

Income Stability

Regular and verifiable income.

Existing Obligations

Current loans and monthly EMIs.

Property Quality

Legal title, valuation, location and lender-approved property criteria.

Documentation

Complete and consistent documentation.

Repayment Capacity

Ability to comfortably service the proposed loan.

🌟 HOME LOAN PLANNING CHECKLIST

Before applying, keep these points ready:

☑ Check your credit profile
☑ Calculate affordable EMI
☑ Estimate your own contribution
☑ Keep income documents ready
☑ Check property documentation
☑ Compare total loan cost
☑ Understand floating/fixed rate terms
☑ Review processing and other charges
☑ Understand prepayment conditions
☑ Read the sanction letter and loan agreement carefully

Frequently asked questions

What is a home loan?

A home loan is a loan used to buy a home. It is repaid over 15 to 30 years and is secured by the property being purchased. If the borrower fails to repay, the lender can take possession of the property.

How do I qualify for a home loan?

 

Can I prepay my home loan?

 

Is it possible to secure a 100% home loan from a bank?

 

What is the maximum home loan that I can get?

 

Can I apply for a home loan jointly with a friend or family member?

 

Who can be joint borrowers in a Home Loan?

 

 
 
 
 
 
 
 
 
 
 
 
 

3. Business Loan

True Levy - Professional Financial & Business Consulting Services India

MSME Lending Outpaced Other Sectors Despite Bank Credit Deceleration: RBI

Business Loan – Fuel Your Business Growth

Smart Business Finance. Faster Decisions. Flexible Solutions.Grow your business with the right funding for expansion, working capital, equipment, inventory, or new business opportunities. Through DIGILOANS Corporate DSA, we help you explore suitable Business Loan options from our extensive network of banks and NBFCs.

Flexible Business Finance Solutions for MSMEs, Self-Employed Professionals, Traders, Manufacturers & Established Businesses

Your business needs the right capital at the right time. DIGILOANS Corporate DSA helps you explore suitable Business Loan and business finance options through a wide network of 100+ Banks & NBFCs, with end-to-end assistance from application to lender coordination.

Get Funding for Your Business Needs

Whether you are planning to expand your business, manage working capital or invest in new equipment, we can help you explore financing solutions based on your business profile.

Business Expansion • Working Capital • Machinery & Equipment • Inventory • OD/CC • MSME Finance • Business Property Funding

A striking view of modern skyscrapers against a clear blue sky, showcasing contemporary architectural design.
A diverse group of professionals collaborating in a modern office setting, showcasing teamwork.

Business Loan Solutions

01. Business Expansion Loan

Finance your business expansion, new branches, additional infrastructure, technology upgrades or growth opportunities.

02. Working Capital Finance

Manage day-to-day business requirements such as inventory, supplier payments, operational expenses and cash-flow requirements.

03. Machinery & Equipment Finance

Explore funding options for purchasing or upgrading machinery, equipment and other business assets.

04. OD / CC Facility

Flexible working-capital facilities may help eligible businesses manage short-term cash-flow requirements.

05. MSME Business Finance

Funding solutions for eligible small and medium businesses based on turnover, business vintage, financial profile and lender criteria.

06. Loan Against Property for Business

Eligible property owners can explore secured business funding against residential or commercial property, subject to lender policies.

Why Choose DIGILOANS?

100+ Banks & NBFC Network

Explore multiple lending options through our extensive financial institution network.

Pan India Assistance

Get professional assistance for business finance requirements across India.

Personalised Financial Guidance

We understand your business profile and help you explore suitable financing options.

End-to-End Support

From documentation and application to lender coordination, our team assists throughout the process.

Multiple Funding Options

Compare available loan structures, tenure and lender requirements according to your eligibility.

Who Can Apply?

Business finance may be available for eligible:

  • Self-Employed Professionals
  • Proprietorship Firms
  • Partnership Firms
  • Private Limited Companies
  • LLPs
  • Manufacturers
  • Traders & Wholesalers
  • Service Providers
  • MSMEs
  • Established Businesses

Eligibility depends on the lender, business vintage, turnover, banking profile, credit history, financial documents and other applicable criteria.

Documents Generally Required

Depending on the lender and applicant profile, documents may include:

PAN & Aadhaar | Business Registration Documents | GST Returns | ITR | Bank Statements | Financial Statements | Business Proof | Property Documents, where applicable

Additional documents may be requested by the lender.

Your Business. Your Growth. Our Financial Support.

At DIGILOANS Corporate DSA, our objective is to make business financing more organised, transparent and convenient by connecting eligible applicants with appropriate lending options.

Ready to Explore Business Finance?

Tell us about your business and funding requirement. Our team will help you explore available options based on your profile.

GET BUSINESS LOAN QUOTE

4. Loan Against Property – LAP

🏢 LOAN AGAINST PROPERTY

Unlock the Value of Your Property with Smart, Structured Funding

Loan Against Property (LAP) is a secured financing solution that enables eligible property owners to raise funds by offering an eligible residential or commercial property as security to a lender.

At DIGILOANS Corporate DSA PAN INDIA, we help customers explore suitable LAP options across our network of 100+ Banks & NBFCs, with professional assistance from application to documentation and lender processing.

01 — OVERVIEW

https://images.openai.com/static-rsc-4/gIdgTTbYpvrpmISczfcKPlqmzQEQ10Zp1CF8Vg6YNp-SNlAJIGIeJZ565r4cdmstdzSz67v_FxnSyjBg0mQ1N8k7ymDduHUCW7_YiSGdiIQIFU9poEoGNoWgsJYWG5oaTIAsm6R0QQOTm2rsDiJee77RfXrxrVoVqqbBIsdHecN2D-yPbBh7QzJ32JOEWQr-?purpose=fullsize

https://images.openai.com/static-rsc-4/DZ1npPb78SJzf3nUlchIER19UM468qCZPM_MeDp72zFCjXDsv-q4R4wS4RCVVz8tu_pfb_EG4FZ-ns2E66SFLujYoEVFk0H6Je_5fN6QGuX8zscfMG6GVSKSJbnzTIFtBZb7G-Cjq1pkPU37sWJyUSBy_NiEzAyuRg_-wS6JC_UIntW5z_40XmAg-KHMb2Cj?purpose=fullsize

https://images.openai.com/static-rsc-4/Lv9O4-1D5u5q4KJnll9_a44Oi02lOEf9kDLHbJdjTNBrEIfPJU28m-IlM8ZM2QpF2vpmbGmWMN1uTOJani--wGBpP4ZLIxcjeM7a9GYXvjVWI2UfwrdUlkZuxGVvYV50ysK1m7AKo4337d0N31x5Rhn_MDFwzkH4jY4XCvMPevtNfcQvasF5_7jwLcH0K3Jy?purpose=fullsize

Turn Your Property into Financial Opportunity

A Loan Against Property allows eligible property owners to leverage the value of their property to access substantial financing.

The facility may be considered for various legitimate financial requirements, including:

  • Business expansion
  • Working capital
  • Property-related requirements
  • Education
  • Medical expenses
  • Debt consolidation
  • Major personal or business expenses
  • Other lender-permitted purposes

The actual loan amount, interest rate, tenure and LTV depend on the property valuation, applicant income, credit profile, existing obligations and lender policy.

Why LAP?

Property-backed financing • Potentially higher funding • Flexible repayment options • Multiple end-use possibilities

Features and Benefits of our Loan Against Property

https://images.openai.com/static-rsc-4/wbM4BswgLVc36h5fbQ1gxGkdsH3x1Bmld5fOcJeo2MPqJ5Sf9mRpcGcgUmYsc8GwWFQf8zMMBvjkGamxjljDMvlK1steG8AO8B5E-pxX3esK33KYmissmJrGw7WfT90XNuu61TUCWfr81cxJCvYOXVpcN--aQhXgFAIYmCAutX2sGyy9BDNQOJ4H4Rk09OP8?purpose=fullsize

https://images.openai.com/static-rsc-4/nSXAqtB95Wfx6bmEcO1_L5gt-4pfvCvk9lYzoXUNtwyjsnml3SrFDH9SXyUqTW6yCLhzZNhOSphTOd5ZDxeEBY0FuHy2Aikf0x_sKsbehUfY0iSDbiKmnjShtEg8KVySLnx7k03EUeKniZOd3uanlR97IZc3GY8JPygD-ivD10JLzqXk5QWMBmLJlua1XcPg?purpose=fullsize

💰 Substantial Funding

Access potentially higher-value financing based on eligible property value and repayment capacity.

🏠 Property-Backed Facility

Residential and commercial properties may be considered, subject to lender norms.

📉 Competitive Pricing

Secured financing may offer competitive interest rates start 7.5% by L&T FINANCE @2026 compared with certain unsecured facilities, depending on borrower and lender.

📆 Flexible Tenure

Upto 20 years Eligible borrowers may receive suitable repayment tenures based on lender policy.

👨‍💼 Salaried & Self-Employed

Both salaried and self-employed applicants may be considered subject to eligibility criteria.

🔄 Multiple End Uses

Funds may be used for permitted personal or business requirements.

🌐 Pan India Assistance

Professional assistance for customers across India, subject to lender availability and serviceability.

🏦 Multiple Lender Options

Explore suitable financing possibilities through a network of 100+ Banks & NBFCs.

Eligibility Criteria for Loan against Property

 

Nationality: You need to be a Citizen of India with documents to prove your claim.

Occupation and Income: Your lender will require you to furnish details regarding your occupation and income to prove your professional and financial stability to determine your creditworthiness.

Credit History: Your three-digit Credit Score, indicative of your track record in respect of repayment of loans, and other forms of credit will be a deciding factor to prove your eligibility for a LAP.

Banking Relationship: Should you have a healthy relationship with your lender, you will not be disapproved for a LAP. Additionally, your lender will offer you better terms and conditions in respect of loan value, interest rates, period of the loan, hidden charges, and processing fees.

Market Value of Property: Your lender retains the right to decide the loan amount and terms and conditions of your mortgage loan based on the market value of your collateral property. Besides, the market value of the mortgaged property must be higher than the loan amount calculated on the current value of your property.

Title of Property: Your lender will require you to be the current existent owner of the property, and in case of a co-application, you will require to prove multiple ownership clear title. Besides, the property must not be mortgaged with any other financial institution.

Documentation for Loan Against Property Loan

👤 KYC Documents

  • PAN Card
  • Aadhaar Card / accepted identity proof
  • Address proof
  • Passport-size photograph

💼 Salaried Applicants

  • Latest salary slips
  • Bank statements
  • Form 16 / income-tax documents, where applicable
  • Employment-related documents, if required

🏢 Self-Employed Applicants

  • ITRs
  • Balance Sheet
  • Profit & Loss statements
  • GST returns, where applicable
  • Business proof
  • Bank statements

🏠 Property Documents

  • Sale deed / title documents
  • Previous chain documents, where applicable
  • Property tax receipts
  • Approved plan / relevant permissions
  • Existing loan/mortgage documents, if applicable
  • Other documents required for legal and technical verification

Final documentation depends on the lender, applicant profile and property

 

 
 
 
 
 
 
 

Fees and Charges for Loan Against Property Loan

The fees and charges of property loans usually vary from lender to lender and from case to case. The aforementioned table will give you a fair idea of the fees and charges related to property loans:

Particulars
Charges
Loan Processing Fees
0.25% to 2% of Loan Amount
Loan Cancellation
Nill – 5% (according to Bank/NBFC)
Stamp Duty Charges
As per the Value of the Property and State Tax
Legal Fees
As per actual
Penal Charges
Usually 2% per month
EMI / Cheque Bounce Charges
Approx 500/-
Foreclosure
Nill to 4% (According to bank /NBFC)

Loan Against Property Reviews

⭐ Professional Guidance

“Received clear guidance about the documentation and overall loan process.”

— Business Customer

⭐ Convenient Assistance

“The team helped us understand different financing requirements and documentation.”

— Salaried Customer

⭐ Transparent Process

“Good communication throughout the application process and regular updates.”

— Self-Employed Customer

Website tip: Reviews section mein sirf real customer reviews with permission publish karein. Sample/demo testimonials ko actual customer reviews ke roop mein publish na karein.

Frequently asked questions

What can I use a Loan Against Property for?

A Loan Against Property (LAP) allows you to borrow money by pledging your property as collateral. You can use the loan amount for various purposes, including business expansion, debt consolidation, home renovation, education expenses, medical bills, wedding expenses, travel, and other personal or business needs. The specific usage of the loan amount can vary depending on the lender and the terms of the loan agreement.

How much loan can I get against my property?
 
What are the interest rates for LAP?
 
How do I apply for a LAP?
 
Can I take Top-up in LAP?
 
What is eligibility for loan against property?
 
How is the value of the property calculated?
 
What types of properties are accepted by lenders providing Loan Against Property (LAP)?
 
What is the difference between Home Loan and Loan against Property (LAP)?
 
Can I prepay/foreclose my Loan Against Property in advance?
 

5. New & Used Car Loan

https://images.openai.com/static-rsc-4/d2tBc_H0u3H4tXdwsIYSA1i9yoXRSuh1wkLFRRT-1EAYhWeIiOvG2_Qu_6pkwcMvWtCkdRgA9JnJwiGuQBPzj-mNSiFUel5WIMTZOVcoqGnKH-0aA2Q46yZ5uxnjhONKvVRhUOTnie6aLX1fbhD9UzucF8Tm8KpR_mMmnAGcOWL-I8xrACbQseZuZlLgXm2z?purpose=fullsize

https://images.openai.com/static-rsc-4/_SC3jxy32vQdjZX3kKKUXXZ1cM0lHe1SLJqG60x9qD9FBjcRmEARnXFjRY1-ZEIYWoDe3lVAcIe3_P-LpT5Iqb5RRuKmJcSCTSyAI2M3LNSKLEdQhjjlHLbhrJdG9Rs2AR4u6AlVaBX_CEywmkwLTBgLCiprh-VIsGq1RZgabhljW0dMxk2kUD7HKkK9zr26?purpose=fullsize

New & Used Car Loan in India – Eligibility, Interest Rate, Documents, EMI & Application Process

Learn about new and used car loans in India, including eligibility, documents, EMI, interest rates, fees, repayment options and application process.

Buying a car is an important financial decision. Whether you are planning to purchase a brand-new car or a pre-owned/used car, a car loan can help you spread the purchase cost into manageable monthly EMIs.

At DIGILOANS CORPORATE DSA PAN INDIA, we help customers understand different car-finance options, eligibility requirements, documentation and application procedures across a wide network of banks and NBFCs.

Loan approval, interest rate, tenure, loan amount and other terms are determined by the respective lender based on its policies and the applicant’s profile.

What is a Car Loan?

A car loan is a financing facility offered by banks and NBFCs to help eligible customers purchase a vehicle.

Depending on the lender and product, financing may be available for:

  • New cars
  • Used cars
  • Pre-owned cars
  • Certain commercial vehicles
  • Selected electric vehicles
  • Vehicle refinance or balance-transfer products, where offered

The borrower generally repays the loan through monthly EMIs over an agreed tenure.

New Car Loan

A new car loan is designed for customers purchasing a new vehicle from an authorised dealer.

The overall process generally involves:

Select Car → Check Eligibility → Compare Loan Options → Submit Documents → Credit Assessment → Sanction → Vehicle Purchase → Loan Disbursement

The exact process can differ between lenders.

Benefits of New Car Finance

  • Helps manage the upfront cost of purchasing a vehicle
  • Monthly EMI repayment structure
  • Multiple repayment-tenure options may be available
  • Digital application facilities may be available with some lenders
  • Financing may be available for different car models, subject to lender policy
  • Some lenders offer specific financing schemes for eligible vehicles

For example, SBI’s current vehicle-loan material includes financing for both new and used vehicles and describes features such as flexible repayment options for its relevant products.

Used Car Loan / Second-Hand Car Loan

A used car loan is financing for purchasing a pre-owned vehicle.

Used-car finance can have different conditions from new-car finance. The lender may consider factors such as:

  • Age of the vehicle
  • Vehicle model
  • Vehicle valuation
  • Applicant income
  • Credit history
  • Repayment capacity
  • Existing financial obligations
  • Vehicle documentation
  • Seller/dealer details

Some lenders provide dedicated used-car loan application processes; for example, ICICI Bank’s current online loan system separately references New Car Loan and Used Car Loan applications.

New Car Loan vs Used Car Loan

Feature New Car Loan Used Car Loan
Vehicle Brand-new vehicle Pre-owned vehicle
Vehicle valuation Based mainly on new-vehicle pricing Vehicle valuation/age may be important
Documentation Vehicle + applicant documents Vehicle + applicant + ownership-related documents
Interest rate Depends on lender/profile Depends on lender/profile and vehicle
Tenure Lender-specific Lender-specific
Down payment Depends on lender/product Depends on lender/product
Credit profile Important Important
Income assessment Usually required Usually required

Important: Actual loan terms are lender-specific and can change. Customers should check the latest sanction terms, Key Facts Statement/loan documents and applicable charges before accepting an offer.

Car Loan Eligibility

Car-loan eligibility varies between banks and NBFCs. Common factors considered by lenders may include:

1. Age

The lender may specify minimum and maximum age criteria.

2. Income

Salary, business income or other acceptable income sources may be considered.

3. Employment or Business Stability

The lender may assess employment continuity or business vintage.

4. Credit History

Your credit profile and repayment history can influence the lender’s credit assessment.

5. Existing EMIs

Existing loans and monthly obligations can affect repayment-capacity assessment.

6. Vehicle Details

For used-car loans, vehicle age, valuation and other vehicle-specific factors may be considered.

7. Location

Lender availability and vehicle-finance policies can vary by location.

Why Choose DIGILOANS CORPORATE DSA PAN INDIA?

At DIGILOANS CORPORATE DSA PAN INDIA, we provide assistance for customers looking to understand financing options across a wide network of banks and NBFCs.

Our assistance can include:

  • New Car Loan
  • Used Car Loan
  • Personal Loan
  • Home Loan
  • Loan Against Property
  • Business Loan
  • MSME Finance
  • Working Capital
  • Other financial solutions

We help customers understand eligibility, documentation, loan requirements and application processes.

Loan approval is subject to the concerned bank/NBFC’s eligibility criteria, credit assessment and final approval.

6. Working Capital / OD / CC

https://images.openai.com/static-rsc-4/Lv9O4-1D5u5q4KJnll9_a44Oi02lOEf9kDLHbJdjTNBrEIfPJU28m-IlM8ZM2QpF2vpmbGmWMN1uTOJani--wGBpP4ZLIxcjeM7a9GYXvjVWI2UfwrdUlkZuxGVvYV50ysK1m7AKo4337d0N31x5Rhn_MDFwzkH4jY4XCvMPevtNfcQvasF5_7jwLcH0K3Jy?purpose=fullsize

https://images.openai.com/static-rsc-4/PDef040FMUf9jzrJfs8HGV2jni_wW7ZxIcqk3S8lmAbTzH5BAuZLskMK8nv_ygwqhHsKX9SVEVT5D7M9BUtbMLX4gY3p3wPWk2VTgHC9M-dsCjE_aFSljNX-Aa9jcFY_J8KZ_qk6h0QUl1Oco637Trb2N7U5JoQdckLSZXWMwcocfuSNUFKuFEpOLdC-Zdhh?purpose=fullsize

Business के daily operational expenses और cash-flow requirements के लिए eligible businesses working capital facilities explore कर सकते हैं।

इनमें lender-specific products जैसे:

  • Working Capital
  • Overdraft (OD)
  • Cash Credit (CC)

शामिल हो सकते हैं।

Important: इन products की eligibility, security requirements, limit और pricing lender तथा business profile के अनुसार बदल सकती है।

7. MSME Loan

https://images.openai.com/static-rsc-4/xck7z5RhhJ92vyjVkDVw-ReuLyHPf6AtAYTfy4P8A9o-fbLja5exLqfI08pV83H2fUgrHee3bdh7ZdKvuFwEEuADixbwsvVIs0Bdvn-GkKP2fDf4JoxJc-ca0-_j_PWHIKSc12R3QIYHCJs75hEBWkTsOQzoVRH4635c1Y8e9MHYRF4dI6eyfRm4ek3VkveR?purpose=fullsize

https://images.openai.com/static-rsc-4/Ds2BApOjEeIfvqXVAioS9W1ZSgmSHZhOC_LoYDWFXbExh2REzhnHF2vNlzHaSDMWCARAVJRive54Q6xHdDIUhuZjcFULPyGpw2ulU-DHK9AcsxoXEvMTKr8GeXigqBqGPwBIRm5F0hY9bZx1KYDS-YyERYVaLV9UG493e9G4-X-8daI8VeF-W2J_J9oElMPU?purpose=fullsize

MSME businesses अपनी eligible financial requirements के लिए विभिन्न bank/NBFC financing options explore कर सकते हैं।

Application से पहले business documents, banking, income/tax records, existing liabilities और lender requirements को check करना उपयोगी है।

Loan Eligibility कैसे तय होती है?

Loan eligibility का कोई एक universal formula नहीं होता।

Bank/NBFC applicant profile और product requirements के अनुसार अलग-अलग parameters evaluate कर सकता है।

Common factors:

Factor क्यों महत्वपूर्ण है
Age Product eligibility निर्धारित करने में
Income Repayment capacity समझने के लिए
Employment/Business Income stability और profile assessment
Credit History Previous borrowing behaviour
Existing EMI Current financial obligations
Banking Cash flow और transaction profile
Documents Application verification
Property Secured loans में valuation/legal eligibility
Business Turnover Business finance में assessment

ध्यान दें: केवल एक factor के आधार पर loan approval तय नहीं होता।

Credit Score और Loan Application

Credit history lenders के credit assessment का एक महत्वपूर्ण input हो सकती है। RBI के credit-information framework के अनुसार credit institutions द्वारा credit information reporting को अधिक frequent बनाने के लिए fortnightly reporting व्यवस्था 1 January 2025 से लागू की गई।

Loan apply करने से पहले applicant को अपने credit report में:

  • Incorrect accounts
  • Outstanding amounts
  • Payment history
  • Existing loans
  • Credit enquiries

जैसी जानकारी check करनी चाहिए।

अगर कोई information गलत दिखाई देती है, तो संबंधित credit information company/lender के correction process का उपयोग किया जा सकता है। 

Loan के लिए कौन-कौन से Documents चाहिए?

Documents loan type और lender के अनुसार बदल सकते हैं।

Basic documents में शामिल हो सकते हैं:

  • PAN Card
  • Aadhaar / applicable KYC document
  • Address Proof
  • Income Proof
  • Bank Statements
  • Salary Slips – applicable cases
  • ITR – applicable cases
  • GST/business documents – applicable cases
  • Business registration documents – applicable cases
  • Property Documents – secured loans
  • Other documents requested by lender

Important: किसी भी applicant को documents केवल verified lender/authorized channel के माध्यम से share करने चाहिए।

Loan Interest Rate कैसे तय होती है?

Loan interest rate lender और applicant profile के अनुसार अलग हो सकती है।

Possible factors:

Applicant Profile + Credit History + Income + Existing Obligations + Loan Type + Tenure + Security + Lender Policy

इसलिए website पर एक single “best rate” बताने के बजाय customer को applicable lender terms verify करनी चाहिए।

RBI guidance में loan cost transparency के लिए KFS और APR जैसी disclosures का महत्व बताया गया है।

Loan Apply करने से पहले 10 चीजें जरूर Check करें

1. अपनी actual requirement calculate करें

जरूरत से ज्यादा borrowing avoid करने के लिए required amount स्पष्ट रखें।

2. EMI affordability देखें

Monthly repayment आपकी cash flow capacity के अनुसार होनी चाहिए।

3. Interest rate के साथ total cost देखें

केवल advertised interest rate देखकर decision न लें।

4. Processing fee check करें

Applicable fees और taxes को समझें।

5. KFS / loan agreement पढ़ें

Applicable loan products में KFS महत्वपूर्ण information को summarize करता है।

6. Prepayment/foreclosure terms देखें

Loan जल्दी बंद करने पर applicable conditions समझें।

7. Credit report check करें

Incorrect information होने पर correction request करें।

8. Multiple applications carefully करें

बहुत अधिक loan enquiries आपके credit profile assessment को प्रभावित कर सकती हैं, इसलिए applications को thoughtfully manage करें।

9. Unverified loan apps से सावधान रहें

RBI ने illegal digital lending apps द्वारा regulated entities से association का false claim करने के मामलों के बारे में चेताया है।

10. Final lender terms verify करें

Loan agreement/KFS में दिए गए final terms को application/acceptance से पहले पढ़ें।

Loan Application Process – Step by Step

https://images.openai.com/static-rsc-4/NhhK0NWCFSJICVE0IWaXSzmCn3ah-HIsQBPxylINSf3LayeLWDMEaWhdbIHQ0mrAUaHqZ7qKOj2KeWQvzfeBmV9zim3O2muTZjLmr3ix-2P3iidjDRUV5PDgE4xoH--Xrlhi7potZh7Yy6_TJJ1MSWRmmGthNCyyAH9XheAb8wtICQFfUK5WlXxyZd_7PIAc?purpose=fullsize
 
https://images.openai.com/static-rsc-4/PmvlzIoYYVVxHR4E1zRFjLbO0C7FzcgbEzLHAp2xnldMSfCkPUujCPhHFaBJsqGdGLUJDvm5RB0sCZA0c_rEnXzaCQTKfNwckOycSSby8McqHGkx3wuSq8b0JCYV2bsk1rA2u-fsNaBpW4h0f_wsZPUgdJZbBrTJs6dAtED8DSycSECXKNTL5ZUz2lkLEuFS?purpose=fullsize
 
https://images.openai.com/static-rsc-4/MuVaBMTTH3KT1KsCYWE33WJetMWwm9QaSacNcsLgJqAadyBESn_7A2aQivza8nbVhNyANsaAS5SaGiPDEwEwuWGSV-7eAs7RA8qFHtEZRi878E22M1EJQjsz2eHeSBy70zAtiy54AHkjhci1IbHybmNZo_DIxQgv3-81GjW4ZGpMHN5HgFt1rC8Khzu3gO_5?purpose=fullsize
 
6

Step 1 – Requirement Submit करें

अपनी requirement share करें:

Loan Type + Required Amount + Income/Business Details + Location + Basic Profile

Step 2 – Basic Eligibility Assessment

Available information के आधार पर संभावित lender options identify किए जा सकते हैं।

Step 3 – Documents

Concerned lender द्वारा मांगे गए documents submit करें।

Step 4 – Credit & Document Assessment

Lender अपनी internal credit policy और verification process के अनुसार application evaluate करता है।

Step 5 – Sanction / Decision

Final decision संबंधित lender द्वारा लिया जाता है।

Step 6 – Agreement & Disbursal

Applicable terms accept होने और required formalities पूरी होने के बाद lender अपने process के अनुसार disbursement करता है।

Why Choose DIGILOANS Corporate DSA?

DIGILOANS Corporate DSA customers को विभिन्न financial requirements के लिए professional assistance प्रदान करने पर focus करता है।

Our Key Strengths

15+ Years of Finance Experience

100+ Banks & NBFC Network

PAN India Assistance

Digital Application Support

Documentation Guidance

Multiple Loan Categories

Professional Customer Assistance

हम customer की requirement को समझने के बाद available options और applicable eligibility/documentation के बारे में guidance provide करते हैं।

Loan approval हमेशा concerned bank/NBFC के credit assessment और policies के अधीन रहता है।

Who Can Explore Loan Options?

Different loan products अलग-अलग customer profiles के लिए available हो सकते हैं, जैसे:

  • Salaried Professionals
  • Self-Employed Professionals
  • Business Owners
  • Entrepreneurs
  • MSMEs
  • Companies
  • Property Owners
  • Eligible Vehicle Buyers
  • Home Buyers

Final eligibility lender/product criteria पर निर्भर करती है।

Frequently Asked Questions

1. क्या हर व्यक्ति को Loan मिल सकता है?

नहीं। Loan approval applicant की eligibility, income, credit profile, documentation और lender policy पर निर्भर करता है।

2. क्या बिना income proof के loan मिल सकता है?

यह loan product और lender policy पर निर्भर करता है। कुछ products में अलग प्रकार के income/business documents स्वीकार किए जा सकते हैं।

3. क्या low credit score होने पर loan मिल सकता है?

Eligibility lender-specific होती है। Low credit profile होने पर available options और terms अलग हो सकते हैं।

4. Loan लेने के लिए कौन से documents चाहिए?

PAN, KYC/address proof, income/banking documents और loan-specific documents मांगे जा सकते हैं।

5. क्या online loan apply किया जा सकता है?

कई lenders digital application facilities प्रदान करते हैं। लेकिन applicant को lender की authenticity और final terms verify करनी चाहिए।

6. Loan का final approval कौन करता है?

Concerned bank/NBFC अपनी credit policy और assessment के आधार पर final decision करता है।

7. क्या DIGILOANS loan approval guarantee करता है?

नहीं। DIGILOANS loan approval या specific interest rate/loan amount guarantee नहीं करता।

8. क्या अलग-अलग banks/NBFCs की terms अलग होती हैं?

हाँ। Interest rate, fees, tenure, eligibility, documentation और अन्य terms lender/product के अनुसार अलग हो सकती हैं।