All about Deutsche Bank Loan Against Property
Apply For Loan Against Property
You can avail ‘Deutsche Bank Loan Against Property’ against your residential or commercial property to meet your all business need(s) or for other financial commitment(s) such as your child’s education, marriage expense(s) and much more.
The ‘Deutsche Bank Loan Against Property’ Comes With The following Benefits:
- Higher loan amount(s) ranging from Rs.10 lakhs to Rs. 5 crores.
- Max. value out of your property by getting finance up to 65%* of your ‘residential property value’.
- Loan(s) available on ‘residential’ as well as ‘commercial property’.
- Loan repayment can extend from 5 yrs to 15 yrs.
Advantages: Deutsche Bank Loan Against Property
- Higher Loan Amounts
Depending upon the value(s) and type of your ‘property’, you can avail a ‘ loan’ up to Rs. 5 Crores. For ‘commercial properties’, the max. loan amount is Rs. 3 Crores.
- ‘Loan Against Multiple Property Types’:
Whether it is ‘residential’ or ‘commercial property’ you can avail a ‘loan’ against it, provided it meets the ‘criteria(s)’ given below:
- ‘Loan Against Residential Properties’
The ‘residential property’ can be either ‘self-occupied’ or ‘rented out’. Properties co-owned by ‘minors’ / ‘HUF’ / ‘trusts’ are not eligible for ‘db Loan against Property‘.
- ‘Loan Against Commercial Properties’
You can avail a ‘loan’ against your ‘occupied-office premise’ or a ‘shop’.
- ‘Loan For Purchase Of Commercial Property’
You can avail a ‘loan’ to buy a ‘commercial property’ .
- ‘Easy Re-payment Plan’ You can choose a ‘re-payment plan’, which should be comfortable for you. Our loan tenure option(s) ranges from 5 yrs to 15 yrs.
- ‘Insurance Plans For Your Loan Against Property’
We have an exclusive ‘Insurance Plan‘ that can provide cover to your ‘loan’ in the face of any ‘unforeseen’ event happening to your life. In any case of these happening(s), your family will have the support of the ‘insurance cover’ to pay for the outstanding loan(s), without being burdened by the ‘loan EMIs’.
Eligibility: ‘Deutsche Bank Loan Against Property’
| Eligibility criteria | Salaried | Self-employed |
| Minimum Age | 23 years | 23 years |
| Maximum Age | 65 years or retirement, whichever is earlier | 65 years |
| Minimum Gross Annual Income (Rs) | 500,000 |
Documentation: ‘Deutsche Bank Loan Against Property’
| ‘Documentation(s)’ | ‘Salaried’ | ‘Self-employed’ |
|---|---|---|
| ‘Financials ‘ | Salary slip of last three months ‘F- 16 or ITR’ ‘HR’ certification showing all allowance(s) and reimbursement(s) (if any) Copy of ‘bank-statement’ (main a/c) for last 6 months Repayment details on any existing loan(s) or loan closure letter. | Income Tax -returns for the last 2 yrs ‘Profit & Loss A/c’ along with computation of Income and ‘Balance Sheet’ for last 2 yrs, duly certified by a ‘CA’ Proof of business-continuity for last 3 yrs Copy of ‘bank statement’ (main a/c) for last 6 months Short note on the ‘nature of business’, ‘form of organisation’, ‘clients’ and suppliers’, etc. |
| ‘Photo Identity’ (any one) |
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| ‘Proof of Address’ (any one) |
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| ‘Proof of Signature’ (any one) |
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| ‘Proof of Age’ (any one) |
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‘Schedule of Charge(s): Deutsche BankHome Loan’
| ‘Fees and Charge(s)’ | ‘Home Loan(s)*’ |
|---|---|
| Administration Fee(s) | Up to 1% of loan-amount |
| Default Interest Rate(s) | 24% / annum |
| Loan prepayment charges | Pre-payment is allowed only after 6 months from the date of loan disbursal. No pre-payment can be done on ‘partly disbursed loan’. ‘Fixed rate loan’: ‘Floating rate loan’:No penalty is charged on part payment(s). However, a transaction charge of Rs 500 would be applicable for each pre-payment. |
| Duplicate Interest Certificate(s) / other statement issuance charge(s) | Rs. 200 |
| Unsuccessful execution of Standing Instruction for payment(s) / Cheque bounce charge(s) | Rs. 500 |
| Switch Fee(s) | If ‘fixed’ to ‘floating’: 1.5% of Principal O/S If ‘floating’ to ‘fixed’: 1.5% of Principal O/S |
| ‘Loan reschedulement fee(s) ‘ (Only for customer initiated ‘EMI’ / tenure change request(s) ) | Rs. 1000 |
| ECS / PDC Swap charge(s) | Rs. 500 |
| Personal-credit report issuance charge(s) | Rs. 50 |
| Document Retrieval charge(s) | Rs. 500 |
| Service Tax payable on fee(s) and charge(s) | As applicable |
| Leading Loan Against Property Providers (Click to Apply) | ||||
| Axis Bank Loan Against Property | HDFC Loan Against Property | ICICI Loan Against Property | CitiBank Loan Against Property | Other Banks |
| REMINDER SERVICES | CURRENT HOME LOAN INTEREST RATES | EMI CALCULATOR |
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