TVS Credit Services, an NBFC established in 2008 and headquartered in Chennai, offers a loan against property at a rate of 7% to 36%, with a prepayment penalty of 4%. Loan amounts range from ₹2 lakh to ₹75 lakh, with tenures of 24 to 180 months; per the lender, the minimum amount is ₹3 lakh for self-employed applicants versus ₹2 lakh for salaried applicants, with the lower of the two used.
Required documentation includes KYC, address proof, business proof and vintage, bank statements, property documents, and the co-applicant's KYC. Rate type, processing fee, minimum CIBIL score, age, salary, and employment type eligibility criteria are not published for this product.
At 7%, TVS Credit Services has one of the lowest starting rates of the 14 lenders we track for loans against property.
As published by TVS Credit Services. Your branch may ask for more.
LAP is secured against property, so the rate is lower and the tenure longer than an unsecured personal loan — better when the need is large and long-term. The trade-off is a legal/valuation process and your property as collateral.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.