Suryoday Small Finance Bank Loan Against Property

A Mortgage Loan from Suryoday Small Finance Bank to meet your financial needs

A low-interest loan for debt consolidation

Suryoday Small Finance Bank Loan Against Property

This loan helps borrowers get access to funds by mortgaging their commercial/residential property to meet their urgent financial needs. Many borrowers use a loan against property to purchase a new property, pay for renovation or repair of their home while some avail it to meet personal expenses such as those for a child’s wedding, dream vacation, medical exigencies, debt consolidation and so on.

Features of Suryoday Small Finance Bank Loan Against Property

Why this Loan?

  • The Suryoday Small Finance Bank Loan Against Property is meant for borrowers who want to avail financial assistance by mortgaging their property to the bank to meet their urgent financial needs other than for capital market, business, trading or speculative purposes
  • This loan can also be repurposed into a consolidation loan to pay off high-interest debts
  • The loan is directly credited to the borrower’s bank account

Loan Amount

  • The maximum loan amount to be sanctioned under this loan scheme is Rs. 10 lakh


  • This loan must be repaid within 5 years


  • The applicable interest rate on these loans is defined as the sum of two factors namely, one-year Marginal Cost of Funds based Lending Rate (MCLR) and (Strategic) Spread. As of October 2020, the interest rate applicable to this loan may range from 11.00% to 26.00%

Margin Money (Borrower’s Contribution to Total Cost) & Processing Charges

  • As of October 2020, this information is not mentioned on the bank’s website. Please talk to a representative to get more details


  • The applicants must be above the age of 18 years and residents of India

Security Needed

  • The bank asks for the first charge of equitable/registered mortgage of property

Documents Needed for Individuals (Salaried and Self-employed)

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Non Professionals: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan / Form 26AS / TDS Certificate, IT Assessment, etc.
  • Property related documents

Reference Facts

  • Suryoday Small Finance Bank Website:
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Toll-Free Number: 1800 266 7711