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- Loan against property
You can get a loan of upto 70% of the market value if its residential and upto 60% of Market value if its a commercial property.
Tenure can be max 15 yrs depending on the bldg condition and the age of the applicant. Before the recent hike in interest rate, the rate for loan agains property was in the region of 11 - 12.5%
ICICI Bank and UTI bank are 2 institutions that i know of, offer this product
However there are no tax sops available on the interest paid by you
Let me know if you need any more info