Best Loan Against Property rates in Visakhapatnam, 2026.
Reviewed by Rushik Patel· Last reviewed: stale
Visakhapatnam (Vizag), Andhra Pradesh's largest city, is positioning itself as an IT and pharma hub. Madhurawada and Rushikonda are premium destinations, while the upcoming Bhogapuram airport and metro project will further accelerate growth.
Best loan against property rates in Visakhapatnam, Andhra Pradesh 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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Compare loan against property rates from 15+ banks in Visakhapatnam starting 8.75% p.a.
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Loan Against Property Rates in Visakhapatnam — Bank-wise Comparison
Updated April 2026. Showing 15 banks serving Visakhapatnam.
| 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 Visakhapatnam from 8.75% per annum. Actual rate depends on applicant profile, loan amount, and property location in Visakhapatnam.
Loan Against Property Eligibility in Visakhapatnam
General eligibility criteria for loan against property applicants in Visakhapatnam, Andhra Pradesh.
Salaried Applicants
- Age: 21 – 65 years
- Min Income: Rs 25,000/month
- Work Experience: 2 years
- CIBIL Score: 700+
- Property in Visakhapatnam or Andhra Pradesh
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 Visakhapatnam — Step by Step
Our Visakhapatnam team handles the entire process from application to disbursal.
Share Your Requirements
Tell us your Loan Against Property needs in Visakhapatnam — 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 Visakhapatnam 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 Visakhapatnam. We explain every term in plain language.
Documentation & Filing
Our team in Visakhapatnam 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 Visakhapatnam. We stay with you until the last rupee is credited.
Documents Required for Loan Against Property in Visakhapatnam
Keep these documents ready to speed up your loan against property application in Visakhapatnam.
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 Visakhapatnam — Frequently Asked Questions
Common questions about loan against property in Visakhapatnam, Andhra Pradesh.
What are the current Loan Against Property rates in Visakhapatnam in 2026?
Which bank offers the lowest Loan Against Property rate in Visakhapatnam?
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What documents are needed for a Loan Against Property in Visakhapatnam?
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