Get Loan Against Property up to ₹10 Crore
Truhome Finance Limited, formerly known as Shriram Housing Finance Limited. For FAQs Click Here.
Up to ₹10 Crore
Up to 15 years or should comply with the age norms as defined by Truhome Finance policy, whichever is lower
Starting from 9.5%
4% - 8%
You can do multiple part payments with zero prepayment charges. It is applicable for floating interest rates. A unique Virtual Account Number can be used directly for credit of payment to your loan account.
It is easy to obtain a loan against residential property through Truhome Finance due to its simple documentation requirements.
Under Section 24(b) of the Income Tax Act, loans against residential property are eligible for tax benefits. It is an attractive option for business financing due to its tax exemption on loan proceeds.
Our dedicated relationship manager will assist you in the application process for a loan against residential property.
Indian citizen residing in India.
Salaried, Self-Employed
Register using your mobile number.
Choose the loan amount and tenure to submit your loan application.
Our dedicated relationship manager will get in touch with you to process your loan against residential property application.
Here is the list of documents required for the application for Loan Against Residential Property
ID Proof
Address Proof
Income Documents
ID Proof
Address Proof
Income Documents
A loan against residential property or a mortgage loan is a type of secured loan in which the borrower uses their residential property as collateral to get a loan from a financial institution such as Truhome Finance.
You can avail a loan against your property between Rs. 3 lakhs and Rs. 3 crores, subject to property valuation.
Depending on the retirement age of the borrower, Truhome Finance offers a loan tenure of up to 15 years or as per the age norms specified in the Truhome Finance policy.
Yes, you can prepay the Loan Against Property - Residential. Kindly note that there are associated charges with the pre-closure of the loan. For more details, you can refer to the interest and charges section.
At Truhome Finance, the financial approval of your application for Loan Against Residential Property happens within 24 hours. However, with the loan policies and the document verification process, the processing time for a residential Loan Against Property (LAP) application in India may take up to a few days.
The security for the loan is the property being financed by us and/or any other collateral or interim security that may be required by us.
A co-applicant of the Truhome Finance Loan Against Residential Property must be all co-owners of the property for which the loan is being sought. Blood relatives, like siblings, etc., can be co-applicants.
Having a co-applicant for a loan can boost approval chances, secure lower interest rates, and qualify you for a larger loan. It also means shared responsibility for repayments, so trust and a good financial relationship are key.
