Personal BankingLoansProperty loanLoan Against Property - Individuals

 LOAN AGAINST PROPERTY – TERM LOANS - FOR INDIVIDUAL                       

Purpose
      Personal Needs / Travel/ Business / Marriage etc
Target
Customers
  • Salaried Individuals/Pensioners
  • Business Class
  • Agriculturist
  • Self Employed Professionals
  • Self Employed Non-professionals
Age
Minimum
21Years
Maximum
75 Years
Amount
Minimum
Rs 5.00 lacs
Maximum
Rs 1500.00 lacs
Tenure

Minimum
36 months
Maximum
180 months

LTV
      Up to 70%
Interest rate
      Attractive interest rate from MCLR (1 Year)+ 1.25%
Eligibility
      Minimum Bureau Score of 650 for applicant/ Co-applicant.
Features
  • Surrogate program – also available in which assessment is based on account statement.
  • Gross Receipts program also available for Doctors, Architects, CA, and reputed professions. Assessment is based on the consultancy income of the applicants.
  • Balance Transfer and Top Up facility also available.
  • LAP Saver- Reduce your interest cost of LAP-Term Loan by maintaining balances in your current account
Processing fees
      Processing Fees of up to 1%
Penal Interest
      2% p.a. for the defaulted amount for the defaulted period

 Documents required
 
Salaried Class
Business Class
KYC Docs (PAN Card and Aadhar Card and Photographs)
KYC Docs (PAN Card and Aadhar Card and Photographs)
ITR for the two years with computation sheet
ITR for the two years with computation sheet?
Salary Slip/Pension Statements for 3 months
Latest financials
Account Statement for 6 months
 
Account Statement for 6 months
 
Title deeds, Tax Paid, Possession Certificate.
For Agriculturist: Based on assessment of agricultural produce and assessment of Agricultural land holdings.
For takeover :Sanction order and Full account statement.