Mortgage Loan (Loan Against Property)
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Overview
IDBI Bank brings to you Loan Against Property facility to enable you to unlock the power of your property. You can mortgage your residential or commercial property to get a loan & meet all your financial requirements.
Features
Loan Purpose
- Business Expansion
- Education/Marriage expenses
- Purchase of house
- Improvement/Extension of existing Property
- Medical Treatment
- Any other personal Need
Loan Amount:
- Loan Amount : Up to Rs.10 Cr. Loan above Rs.10 Cr can be provided depending upon the merit of the proposal.
- Loan Tenure : Up to 15 Years.
- Processing Fees : Please refer to Schedule Of Charges of Retail Assets.
Maximum Funding
Nature of the property : LTV
Residential : 70 %
Non-residential : 60 %
If the applicant is not existing Home Loan /Loan Against Property customer
Nature of the property : LTV
Residential : 75 %
Non-residential : 65 %
If the applicant is an existing Home Loan /Loan Against Property customer
* Subjected to repayment capacity of the individual as assessed by IDBI Bank Ltd.
Documentation
Salaried Customers
Application form with photograph
Identity and Residence Proof
Latest Salary-slip for last 3 months
Form 16/ITR
Last 6 months bank statement
Property Related Documents
Note: The documents mentioned above are indicative in nature. IDBI Bank may ask for additional document if required during the processing of your loan application.
Security
- Primary : First Charge on the mortgaged property by way of equitable mortgage against which IDBI Bank has advanced the loan.
- Collateral : Liquid Collaterals as required by The Bank selectively in the form of Pledge/Hypothecation and Assignment depending upon individual cases.
Other Charges
