Best Loan Against Property rates in Madurai, 2026.
Reviewed by Rushik Patel· Last reviewed: stale
Madurai, the cultural heart of Tamil Nadu, is the second-largest city in the state with strong demand from the textile, tourism, and IT sectors. Anna Nagar and Bypass Road host the bulk of premium gated communities.
Best loan against property rates in Madurai, Tamil Nadu start from 8.75% per annum in 2026, with loans up to Rs 10 crore and tenure up to 20 years across 40+ banks. Money Matrix Hub is a free DSA loan-advisory service.
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Loan Against Property Rates in Madurai — Bank-wise Comparison
Updated April 2026. Showing 15 banks serving Madurai.
| Bank | Rate (p.a.) | Key Feature |
|---|---|---|
| SBI | 8.75% – 10.5%Lowest | Up to 65% LTV |
| Bajaj | 8.75% – 11%Lowest | Up to 70% LTV |
| BoB | 8.85% – 10.75% | Up to 65% LTV |
| PNB | 8.9% – 10.9% | Up to 60% LTV |
| Union | 8.9% – 11% | Up to 60% LTV |
| Canara | 8.95% – 11% | Up to 60% LTV |
| HDFC | 9% – 11% | Up to 70% LTV for residential |
| ICICI | 9% – 11.5% | Up to 65% LTV |
| LIC | 9% – 11.25% | Up to 60% LTV |
| Federal | 9% – 11.5% | Up to 65% LTV |
| Tata | 9% – 11.75% | Up to 65% LTV |
| Axis | 9.25% – 11.75% | Up to 60% LTV |
| Kotak | 9.25% – 12% | Up to 65% LTV |
| IDFC | 9.25% – 12% | Up to 65% LTV |
| Bandhan | 9.5% – 12% | Up to 60% LTV |
Updated April 2026: 15 banks offer loan against property in Madurai from 8.75% per annum. Actual rate depends on applicant profile, loan amount, and property location in Madurai.
Loan Against Property Eligibility in Madurai
General eligibility criteria for loan against property applicants in Madurai, Tamil Nadu.
Salaried Applicants
- Age: 21 – 65 years
- Min Income: Rs 25,000/month
- Work Experience: 2 years
- CIBIL Score: 700+
- Property in Madurai or Tamil Nadu
Self-Employed Applicants
- Age: 21 – 70 years
- Min Income: Rs 3 Lakhs/year ITR
- Business Vintage: 3 years
- CIBIL Score: 680+
- Business registered in India
How to Get a Loan Against Property in Madurai — Step by Step
Our Madurai team handles the entire process from application to disbursal.
Share Your Requirements
Tell us your Loan Against Property needs in Madurai — amount, tenure preference, and property details. Our advisor will evaluate your profile within 30 minutes.
Compare 40+ Bank Offers
We fetch live rates from all banks in Madurai and present you a side-by-side comparison showing rate, EMI, processing fee, and total interest payable.
Choose Your Best Offer
Pick the bank that suits you best based on rate, tenure flexibility, and service quality in Madurai. We explain every term in plain language.
Documentation & Filing
Our team in Madurai helps you compile the complete document set, fills out the application form, and submits it to the bank — saving you hours of branch visits.
Sanction & Disbursal
We follow up with the bank for swift processing. Expect sanction within 48 hours and disbursal within 7-10 working days in Madurai. We stay with you until the last rupee is credited.
Documents Required for Loan Against Property in Madurai
Keep these documents ready to speed up your loan against property application in Madurai.
For Salaried Applicants
- 1PAN Card & Aadhaar Card
- 2Last 6 months salary slips
- 3Last 2 years ITR / Form 16
- 4Last 6 months bank statements
- 5Property documents (Title deed, tax receipts, approved plan)
- 6Encumbrance certificate
- 7Passport-size photographs
For Self-Employed Applicants
- 1PAN Card & Aadhaar Card
- 2Last 3 years ITR with computation
- 3Last 3 years audited financials
- 4Last 12 months bank statements
- 5Property documents (Title deed, tax receipts)
- 6Encumbrance certificate (15 years)
- 7Business registration documents
Loan Against Property in Madurai — Frequently Asked Questions
Common questions about loan against property in Madurai, Tamil Nadu.
What are the current Loan Against Property rates in Madurai in 2026?
Which bank offers the lowest Loan Against Property rate in Madurai?
How much Loan Against Property can I get in Madurai?
What documents are needed for a Loan Against Property in Madurai?
How long does Loan Against Property processing take in Madurai?
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