Glossary
Co-applicant
What it means
Adding a spouse, parent or business partner as co-applicant increases eligibility because both incomes are counted, and can improve pricing if the co-applicant has a stronger credit profile. All co-owners of a property must be co-applicants on a loan against it.
A co-applicant is fully liable for the loan. Their credit report reflects the loan and its repayment, so choose the arrangement carefully.
Where it applies
Home Loan
Home loans from ₹5 lakh to ₹10 crore at floating rates from about 7.35% p.a., with up to 90% funding and tenures up to 30 years, across banks and housing finance companies.
- Rate from
- 7.35% p.a.
- Up to
- ₹10 Cr
Loan Against Property
Loans against residential, commercial or industrial property from ₹10 lakh to ₹15 crore at rates from about 8.75% p.a., with tenures up to 15 to 20 years and funding up to 70% of market value.
- Rate from
- 8.75% p.a.
- Up to
- ₹15 Cr
Education Loan
Education loans for studies in India and abroad, from ₹2 lakh to ₹1.5 crore, at rates from about 8.5% p.a., with moratorium during the course and tenures up to 15 years.
- Rate from
- 8.50% p.a.
- Up to
- ₹1.5 Cr
More terms
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