Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

One of India's most adored union territories, Chandigarh, is the capital of Punjab and Haryana. Planned and executed beautifully by the renowned French architect Le Corbusier, this city is known for its greenery, artistic dwellings, and streamlined management. Chandigarh forms a tri-city region with Panchkula (Haryana) and Mohali (Punjab).

Being a city with among the highest per capita incomes in the country, Chandigarh indeed boasts good standards and quality of living. Using the Loan Against Property Chandigarh residents (individuals or businesses) can avail of the necessary finances. Being a secured loan, getting an LAP from SMFG India Credit can help you meet any urgent financial expenses by leveraging your property as collateral.

Features And Benefits Of Loan Against Property In Chandigarh

Here's how applying for a Loan Against Property in Chandigarh can benefit you:

Streamlined & Transparent:

Avail our mortgage loans for a quick, transparent process. Our customer service team is available via phone or email to assist you with tailored loan options and competitive rates.

Personalised Options:

Our Loan Against Property products are designed to match different individual needs and requirements efficiently.

Effortless Process:

Experience hassle-free documentation and rapid fund disbursal through our user-friendly online application, ensuring a seamless end-to-end process.

Substantial Loan Limits:

You can access loans up to 5 crores* (70% of the property's market value) for various business or personal needs with our mortgage products.

Attractive Interest Rates:

Enjoy competitive interest rates and flexible repayment options without stressing your finances.

High Loan-to-Value (LTV):

Maximize the value against your residential or commercial properties for diverse financial requirements.

Eligibility Criteria For Loan Against Property In Chandigarh

Here is a list of the basic eligibility criteria an applicant must fulfil to avail of the Loan Against Property (LAP) eligibility criteria in Chandigarh:






Between 21 and 60 years.

Between 25 and 65 years.

At least 2 years old.

Nature of work

Must be working in an MNC, a private company, or the public sector

Self-employed individual with a steady source of income


Resident citizen of India

Resident citizen of India

Indian SME

CIBIL score



Consistent source of profits over the past two years, audited by a CA.

Fulfilling these criteria can significantly enhance the likelihood of obtaining a Loan Against Property in Chandigarh.

Documents Required To Apply For A Loan Against Property In Chandigarh

Here is a run-through list of the requisite paperwork for applying for a loan against property in Chandigarh:




Income tax returns for the latest 2 years

Income tax returns for the latest 2 years

KYC documents

KYC documents

KYC documents

Form 16

Form 16

Form 16

Bank statements for the last 6 months and income statements

Bank statements for the last 6 months and salary slips

Bank statements for the last 6 months

ITR for the last two years with a summary of audited income.

Documentation pertaining to the property offered as collateral

Documentation pertaining to the property offered as collateral

Documentation pertaining to the property offered as collateral



A percentage of your cash flow must support the loan amount

For more details, we encourage you to explore our document page or contact our dedicated customer service representatives

Interest Rates On Loan Against Property in Chandigarh

The best possible interest rate is determined by various factors, such as your income, employment status, overdue payments, and the type of LAP you seek

Here is a summary of the basic applicable interest rate and associated charges. For more details, check in with our customer support.



Loan Amount

Up to INR 5 crore

Loan Tenure

Up to 180 months

Lowest EMI Per Month

It starts at INR 5,071 for a 180-month period

Cheque Dishonoured Charges

INR 300

Proceeding Fees

Up to 3% of the Loan Amount

Customer Type

Salaried / Self-Employed / SMEs

Late Payment Charges

2% plus GST charged monthly (24% per annum) on the overdue amount calculated on day-to-day basis.

How To Apply For A Loan Against Property In Chandigarh?

Step 1: Use our loan against property EMI calculator to project monthly EMIs based on diverse loan amounts, interest rates, and tenure options.

Step 2: Visit our official portal and select "Apply Now."

Step 3: Choose the appropriate "Loan Against Property" option aligned with your employment status: salaried, self-employed, or SME.

Step 4: Begin filling out the online form after verifying your contact details via OTP.

Step 5: Enter personal information as prompted and proceed by clicking "Next."

Step 6: Add your employment specifics to the form as requested.

Step 7: Provide accurate banking details as required.

Step 8: Upload the necessary documents digitally in PDF, JPEG, PNG, or DOC formats.

Step 9: Finalise your application by clicking "Submit." You will instantly receive a notification upon submission.

Step 10: You can expect a follow-up from our customer care team for additional details during the application review process.


Explore the hidden financial potential of your property with SMFG India Credit. Our team of experts provides easy and efficient assistance to help you secure a hassle-free Loan Against Property. Don't let the value of your real estate holdings go untapped. SMFG India Credit will help you get the most out of your property to achieve your financial goals. Apply now and discover how we can proceed further.

Apply for Loan Against Property

* 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.

Contact Us


First & Second Floor, SCO No. 141 & 142, Sector 8 C,Madhya Marg, Chandigarh 160008

Note: Call on (Toll free number) 1800 103 6001 for more information.Timings: 9:30 AM to 6:30 PM (except 1st Saturday and Sundays and public holidays).


How is my loan against property in Chandigarh eligibility calculated?

First, an online loan eligibility guide can help you determine your suitability for a loan against property. Your location, income, property valuation, outstanding debts, previous credit behaviour, and credit score are the factors lenders use to determine your creditworthiness.

What are the advantages of applying for an online loan against property in Chandigarh?

Applying for an LAP online is simple, quick, and convenient. You can apply from the comfort of your home. These loans are available at attractive interest rates and require minimal documentation. After a quick verification, the lending institution can disburse the loan in no time.

How to get a lower interest rate on my loan against property in Chandigarh?

Consider the following techniques for obtaining a reduced loan interest rate: maintain a good CIBIL score (at least 700), choose trustworthy lenders, decrease your loan-to-value ratio, enlist property valuation services for added credibility, and ensure timely payment of all debts to avoid late accounts.

Knowledge Center

Here are some articles which could help you understand us and our products better.

Have a Query? Read FAQs
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