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Mortgaging property for meeting personal financial needs has been popular for decades. Such a loan is achieved by borrowing funds after pledging residential or commercial properties as collateral. We at SMFG India Credit, offer this 50 Lakh loan at competitive rates by providing hassle-free documentation, quick disbursal, and a highly transparent process thereby ensuring a seamless experience for you.
You can apply for a loan against property as salaried, self-employed or an SME. Please note that if you are looking for a business loan, we do offer unsecured business loans up to INR 75 lakhs* without any collateral. To know more, please check our business loans page.
Once you have these documents in place, you can apply for a loan against property offline or online. You can either visit the SMFG India Credit nearest branch or fill up the application form online and upload the requisite documents. On submission, the loan will be processed and the property value will be estimated to fix the loan amount. Once the loan is disbursed, your EMI will start.
The interest rate for a loan up to 50 lakhs is influenced by multiple factors, including net income stability, existing financial obligations, the type of LAP product chosen, and so on. Here’s an overview of the interest rates and associated charges for a loan of 50 lakhs:
Category |
Details |
Interest Rate |
Retail Prime Lending Rate (RPLR): 20.80% w.e.f. 1st April 2024 |
Processing Fee |
Up to 3% of the loan amount |
Tenure of Loan |
Maximum of 15 years or 180 months |
Rate of Interest Conversion Fee |
1% of the sanctioned loan amount (SME loans/Loan Against Property & LRD) |
Loan Cancellation Charges |
Rs. 1000 - 2500 |
Cheque/ECS/ACH Direct Debit Dishonour Charges (Note: The Cheque/ECS/ACH Direct Debit Dishonour Charges as referred to above are not compensatory and/or to be construed as any form of consideration towards the act of dishonour and in no ways should the same be construed as fees recovered under this facility. It is abundantly clarified that SMFG India Credit does not tolerate dishonour of instruments and/or deposit of an invalid, fake, or unworthy instrument issued towards meeting payment obligations under this facility and any Charges collected thereof are not intended to compound such acts of dishonour. Notwithstanding any Charges collected hereof SMFG India Credit reserves its right to invoke the appropriate civil and criminal laws) |
Rs. 300 to 1000 |
The final loan terms and charges may vary based on SMFG India Credit's policies at the time of application. It is advisable to carefully review the loan agreement for detailed information.
The EMI for an INR 50 lakh loan for a 1-year loan tenure at a 9% rate of interest per annum is INR 4,37,257. Similarly, for a 2-year tenure is INR 2,28,428, a 3-year tenure is INR 1,58,999, a 4-year tenure is INR 1,24,425 and a 5-year tenure is INR 1,03,792. You can use the free-to-use online loan EMI calculator to calculate the EMI for other loan tenures.
Loan Amount (INR ) |
Interest Rate (p.a.) |
Tenure (Years) |
EMI (INR) |
INR 50 lakhs |
9% |
1 |
INR 4,37,257 |
2 |
INR 2,28,428 |
||
3 |
INR 1,58,999 |
||
4 |
INR 1,24,425 |
||
5 |
INR 1,03,792 |
Disclaimer: These are approximate EMI calculations, actual numbers may vary.
A 50 lakh Loan Against Property is a versatile financial solution for significant needs such as business expansion, home renovations, or higher education expenses. By leveraging your residential or commercial property, you can avail of up to 70%* of its market value while continuing to retain ownership. The loan comes with competitive interest rates, helping to optimise the overall cost of the loan. We offer flexible repayment tenures of up to 180 months, allowing you to structure your EMIs in a way that aligns with your repayment capacity and long-term financial goals.
Whether you are a salaried employee, a self-employed individual, or an SME, the 50 lakh loan can be tailored to your specific needs.
At SMFG India Credit, we strive to keep your borrowing journey as smooth as possible, allowing you to focus on achieving your financial goals without unnecessary complexities. Here are some of the key benefits of a loan up to 50 lakh:
Follow the instructions below for a smooth LAP application process:
*Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.
* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.
The EMI is determined based on the loan amount, interest rate, and tenure. Use our loan EMI calculator to understand how these factors influence your monthly repayments.
The loan tenure for a 50 lakh loan ranges from 12 to 180 months.
You can check the status of your loan application online by logging into the SMFG India Credit portal using your customer ID or loan account number. Alternatively, you can call (1800 103 6001), visit your nearest branch, or email your query to
Yes, collateral such as residential or commercial property is required for a Loan Against Property. If you’re seeking a loan for business purposes, we offer unsecured business loans of up to INR 75 lakhs*.
Self-employed individuals must be aged between 25 and 65 years, have a steady income, and provide audited financials for the past two years. A minimum credit score of 700 is required.
SMFG India Credit ensures swift loan processing. However, the exact time may vary based on applicant eligibility, document submission, and the time taken for property appraisal and verification.
A good credit score (700+) indicates strong creditworthiness, improving your chances of securing a loan with competitive interest rates.
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