DEUTSCHE BANK LAP

Deutsche Bank Loan against Property

Deutsche Bank, a German organization offers unparalleled financial services throughout the world. The bank provides Mortgage Loan for your business requirements, medical emergency or higher studies. Salaried individuals and Self-employed individuals both are eligible for availing this Property Loan.

Why Loan Against Property from Deutsche Bank?

Apply for Mortgage Loan online through Deutsche Bank to avail the best loan in India and competitive interest rates. Deutsche Bank Loan against Property is a multi-purpose loan which is feasible option to fulfill your financial requirements. The bank allows its customers to pledge their residential or commercial property to avail mortgage loan to meet their financial needs or business needs.

You can choose Deutsche Bank Property Loan to meet your tough situations:

  •      Flexible loan tenure offered
  •      Competitive mortgage loan interest rates
  •      Instant cash loan
  •     Compare loans online

Fees and Charges

The mentioned below are the fees and charges applicable which are levied by Deutsche Bank:
TYPES OF FEESCHARGES APPLICABLE
Interest Rate11% to 13% p.a
Processing FeesUp to 2% of loan amount
Loan TenureMin. 5 years and Max. 15 years
Lock in PeriodWithin first 6 months of disbursement, part payment or full payment is not allowed.
Transaction FeesRs. 500/-
Part-payment charges4% of the amount prepaid
Pre-closure charges4% on the outstanding loan
Cheque/ ECS/SI Dishonor ChargesRs. 500/-
Swapping ChargeRs. 500/-

Advantages of Deutsche Bank Loan against Property

Deutsche Bank provides its customers with variety of advantages to choose from for availing Mortgage Loan:

  •       Huge Loan Amount – You can opt for Deutsche Bank property loan of up to Rs. 15 crore. However, for commercial property types, the maximum loan amount is Rs. 5 crore.
  •       Multipurpose Loan – You can easily avail Mortgage Loan against any kind of residential, rented or commercial property for business or personal needs.
  •       Loan against residential properties – The property may be either rented out or self-occupied.
  •       Easy repayment option – The loan tenure option of property loan from Deutsche Bank ranges from 5 years to 15 years and you can choose a plan which is comfortable for you.
  •       Insurance plan for loan against property – The insurance plan offered by Deutsche Bank acts as a protecting shield to your loan in case of emergency crises.
  •       Loan to Value – Loan to Value of Deutsche Bank loan against property can go up to 60% of property value.

Eligibility Criteria for applying for Deutsche Bank Loan against Property

Loan application is approved instantly if you are eligible for applying the loan and you meet all the necessary Loan requirements. So apply online for Mortgage loan if you meet the basic requirements. Below mentioned are mortgage loan eligibility conditions:

  • Age – Minimum of 23 years and maximum of 65 years at the time of loan maturity.
  • Income – Higher the income, higher will be the loan amount. The minimum gross annual income should at Rs. 5 Lakhs.
  • Repayment Capacity – More you are capable to pay, more are your chances to get high loan amount.
  • Value of Property – The more your value of the property is, the more will be the loan amount.

Documents required for applying for a Loan against Property from Deutsche Bank

Before applying for Property Loan online please check you complete with the required documents.

Type of DocumentSalaried EmployeeSelf-Employed
Loan Application FormDuly filled loan application form with photographDuly filled loan application form with photograph
Financial Documents-Salary slip of last three month
-Form 16 or ITR-Form 16 or ITR
-HR certification furnishing information of all the allowances and reimbursements
-Copy of bank statement (main account) for last 6 months
-Repayment details on any existing loans or loan closure letter
-Income Tax returns for the last 2 years
-P & L Statement and Balance Sheet of last 2 years (Certified by CA)
-Proof of business continuity for last 3 years
-Copy of bank statement (main account) for last 6 months
-Short note on the nature of a business, a form of organization, clients, suppliers, and so forth.
Proof of Age (Any 1)-Passport
-Voter’s Id
-Birth Certificate
-Driving License
-Aadhar Card
-PAN Card
-Passport
-Voter’s Id
-Birth Certificate
-Aadhar Card
-PAN Card
Proof of Signature (Any 1)-Valid Passport
-Banker's Certificate
-Driving License
-PAN Card
-Valid Passport
-Banker's Certificate
-Driving License
-PAN Card
Proof of Identity (Age 1)-Passport
-Voter’s Id
-Valid Driving License
-Aadhar Card
-PAN Card
-Passport
-Voter’s Id
-Valid Driving License
-Aadhar Card
-PAN Card
Residential Address Proof (Any 1)-Aadhar Card or Letter issued by the UIDAI
-Valid Passport
-Valid Driving License
-Voter's ID Card
-Job card issued by NREGA duly signed by an officer of the State Government
-Aadhar Card or Letter issued by the UIDAI
-Valid Passport
-Valid Driving License
-Voter's ID Card
-Job card issued by NREGA duly signed by an officer of the State Government
Property related Documents-Title deed including the previous chain of property documents
-Proof of any other claim on the property
-Title deed including the previous chain of property documents
-Proof of any other claim on the property

Procedure for applying for Deutsche Bank Loan against Property Online

One can Apply Online or Book an Appointment for Property loan through our website with few simple steps by registering online.

To apply for a loan against property at Deutsche bank, you have to submit above mentioned documents as per the eligibility.

Know more about Deutsche Bank Loan against Property – FAQs

Q. For what purpose can I avail Loan against Property?

A. You can avail of Loan against Property against Residential & Commercial Property for either your personal or business activities other than speculative or non-prohibitive activities.

Q. Who can be co-applicant to the loan?

A. You can include your spouse as a co-applicant for the Loan. His / her income can be added to enhance the loan amount. However all co-owners of the property should necessarily be the co-applicant.

Q. What are the processing fees for Mortgage loan?

A. Up to 2% of loan amount

Q. How to repay my loan?

A. You repay the loan in Equated Monthly Installments (EMIs) comprising principal and interest. Repayment by way of EMI commences from the month following the month in which you take full disbursement.

QUICK OVERVIEW
Apply online at interest rate starting @ 11. p.a.
Processing fee up to 0.50%
Loan Tenure up to 15 years
Competitive and transparent process
One Click Home Loan eligibility check