Apply for Loan Against Property

Features & Benefits: IndusInd Bank Loan Against Property

  1. Competitive rate of interest.
  2. Multiple criteria of assessment.
  3. Properties of Market valuation.
  4. Apply for Loan Against Property Loans are up to 10 years..
  5. Top-up facility is available.
  6. your loan is shifted to another bank and avail lower interest rate.
  7. Up to 80% is prepay of the loan with minimal of charges.

 

Eligibility: IndusInd Bank Loan Against Property

Salaried Individuals

  • Loan amount– Minimum 10 lacs.
  • Minimum Tenor is of 12 months and Maximum of 10 years.
  • Up to 65% of Loan on the property value.
  • Type of properties are funded– properties are Residential & commercial self-occupied and rented .
  • Minimum income is of Rs. 30,000 gross salary per month (salary of up to 2 applicants can be added to meet the minimum income criteria).
  • Minimum qualification of Graduate.
  • Minimum experience is 3 yrs.
  • Minimum age at loan sanction are first  24 years. Maximum age at loan maturity and secondly Lower of 65 years of retirement age.

 

Additional criteria for Self-employed customers

  1. Constitution of borrowers
    1. Individuals or proprietorship concerns.
    2. Firms of Partnership.
    3. Limited companies are private.
    4. Public Ltd. Companies are closely held.
  1. Loan sanction minimum at the age of 23 years.
  2. For all loans Co-applicant are mandatory .

 

Documentation: INDUSIND Bank Loan against Property

  1. In the Last 3 years ITR along with computation of income & acknowledgement OR in case of salaried customers on latest salary slip.
  2. Financials are audited with tax audit report (audited for Turnover> 40 Lakhs and CA certified for Turnover<40 Lacs) and only for self-employed customers.
  3. Bank statement of the main banking a/c is of last 6 months.
  4. Details of Loan.
  5. Including latest sale deed copy of property papers.
  6. Address/ID/signature proof/Pan card copy.
  7. Filled in Loan Against Property application form.
  8. co-applicant and Photograph of applicant.

 

Leading Home Loan Against Property Providers (Click to Apply)
Axis Bank HDFC Bank SBI Citibank Other Banks

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