Deutsche Bank Loan Against Property

Features & Benefits of Deutsche Bank Loan Against Property

Deutsche bank offers an array of benefits with a loan against property.

Purpose: The sole intent of Deutsche Bank loan against property is to meet loan applicant’s financial obligations. Applicants can count on their residential as well as commercial property as a collateral to avail a LAP. 

Loan Amount: At maximum Deutsche bank offers 75% of the property value as a loan against property. This amount can go up to 15 crores.

Repayment Tenure: Deutsche bank offers flexible loan repayment tenure up to 15 years.

Loan Processing: Loan procedure is transparent and no hidden costs are involved.

Customised Loan: Deutsche bank offers customisation as a major benefit. Self-employed individuals can customise their loan against property as per their requirements. With loan customisation borrowers get better repayment options. 

Prepayment charges: Prepayment charges vary from 2 to 4 percent of the outstanding debt based upon completed loan repayment tenure. .

Processing Fee: 2 percent of the sanctioned amount is levied as processing fees. These charges are paid as an up front amount. 

Overdraft Facility:  Deutsche bank offers an overdraft facility which allows loan borrowers to use approved loans up to a certain limit. With this, the borrower pays the interest amount  only on the used debt.

Deutsche Bank Loan Against Property Overview

Customers can apply for a property-based loan by pledging both business and residential properties as security. Deutsche Bank offers Loan Against Property up to 15 crores in a timely and hassle-free manner. Apply for a Deutsche bank loan against property and benefit from a flexible loan payback period of up to 15 years. Deutsche Bank offers mortgage loans up to 15 crores. LAP is available to both salaried and self-employed workers.

• Higher loan amounts up to 15 crores.
• Flexible repayment tenure up to 15 years.
• Quick processing and disbursal of funds. 
• Insurance plans for customers’ loan against property 
• Minimal documentation and quick disbursal

Deutsche Bank Loan Against Property Eligibility Criteria

The Deutsche Bank Loan Against Property Eligibility is pre-defined by the bank.

Deutsche Bank Loan Against Property Fees and Charges

Deutsche Bank Loan Against Property Interest Rates

The Deutsche bank loan against property interest rate is determined by a number of factors, including the property type and value, risk assessment, location, applicant’s credibility, age, repayment history, and so on. To learn about the applicable interest rates based on creditworthiness, loan applicants can call the bank executives at their toll-free numbers.

Factors affecting Deutsche Bank Loan Against Property Interest Rates

The Loan against property interest rates are affected by various factors.

CIBIL Score: When determining interest rates, Deutsche Bank considers the credit score. Lower interest rates are associated with a good credit/CIBIL score, whereas higher interest rates are associated with a bad credit/CIBIL score.

Property Type and Value: The type of mortgaged property and its market value are factors that account to the computation of the applicable interest rate. Deutsche bank approves  a loan against property with a lower interest rate if the property has a higher market value.

Repayment Tenure: Longer loan payback terms result in lower interest rates, while shorter loan repayment terms result in higher interest rates.

Type of Interest Rates: Deutsche Bank offers a loan against property with variable interest rates that change according to the RBI’s repo rate.

Documents Required for Deutsche Bank Loan Against Property

Deutsche bank offers a quick and hassle free documentation process. Borrowers need to prepare following documents beforehand to avail Deutsche bank loan against property with utmost ease:

Documents For Salaried Individuals

1. Duly filled application form along with photographs
2. Residence Proof: Aadhar card/ Ration card/ Telephone bill/ Electricity bill/ Voter card (Any one)
3. Identity Proof: Voter card/ Driving Licence/ Aadhar card/ Employee ID (Any one)
4. Bank statement (six months) as income proof
5. Salary slip (last six months) 
6. A document set containing photocopies of all mentioned documents
7. Form 16 and ITR

Documents For Self-Employed Individuals

1. Financial statement  ( 3 years) certified by CA
2. Residence Proof: Aadhar card/ Ration card/ Utility bills/ Voter card
3. Identity Proof: Voter card/ Driving Licence/ Aadhar card/ Employee ID
4. Bank statement (six months) 
5. Profit loss statement for last 3 years
6. Photocopies of submitted documents

How Does the EMI Calculation Work for Deutsche Bank Loan Against Property?

The Deutsche Bank Loan Against Property EMI calculation revolves around three factors i.e. loan amount, repayment tenure, and Deutsche bank Loan Against Property Interest Rate.  Based upon these values, bank EMI calculation works. Interest rate plays an important role in EMI calculation as the monthly instalment is divided into two components i.e. principal component and interest component. 

Deutsche Bank Loan Against Property Customer Care Number

Customers with loan against property requests, and queries can get in touch with bank executives by dialling toll free number 18602666601. NRI loan applicants can call on +91 22 6601 6660.

To get details through message SMS to 561615