Urban Money

Deutsche Bank Loan Against Property

Deutsche Bank
4.5

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.

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Loan Against Property Banks

Interest Rate

Processing Fee

Loan Amount/Tenure

Deutsche Bank Loan Against Property Interest Rate

10.25%

2% - 4%

₹10L - ₹1.5Cr

Tenure(5 - 1 Years)

Details

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

Deutsche Loan Against Property 
Rate of Interest Is determined after risk assessment 
Loan Amount For Residential Properties: At max up to INR 15 Crore For Commercial Properties: At max up to INR 5 Crore
Loan Repayment Tenure 5 years to 15 years
Processing Fees 2 percent of the sanctioned loan amount plus applicable taxes

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.

Eligibility Criteria

For Salaried Individual

For Self-Employed Individual

Applicant’s Age - Minimum 23 years 23 years
Applicant’s Age - Maximum 65 years/retirement 65 years
Annual income INR 500,000 INR 500,000

Deutsche Bank Loan Against Property Fees and Charges

Particulars  Payable Charges
Processing and Administration fees
  • At max 2 percent of the sanctioned loan amount.
  • In case of loan rejection, INR 2,000 or the paid  fee is deducted from the debt administration fee and remaining balance is refunded.
  • In case of loan approval the bank does not refund the administration fee.
Prepayment Charges and Associated Terms LAP with fixed rate of interest:
  • 4 percent of the outstanding principal amount will be charged as part-prepayment charges
  • In a pre-closure or foreclosure case scenario, 4 percent of the remaining debt will be charged as a foreclosure fee.
LAP with floating rate of interest No prepayment charges are levied on a loan against property sanctioned at a floating interest rate. This does not imply a loan being made available for the purpose of business investment. For other loans:
  • No part-prepayment charges are levied when 25% of the outstanding loan amount is paid on an annual basis. 
  • In the event that the part-payment amount goes above 25% of the remaining debt, 4% will be charged as a liable fee (within 3 years) and after three years, 2% will be charged.
  • Pre-closure charges account for 4 percent of the remaining debt when paid within three years, and after three years, 2 percent will be charged.
Charges levied on unsuccessful execution of SI (Standing Instruction) towards payment [Cheque or ECS or NACH] INR 500
LAP Balance Transfer  For a balance transfer  at max 0.5 percent of the outstanding loan amount has to be paid as transfer fee.
Transaction Charges
  • INR 500 will be charged on customer initiated instalment or any repayment tenure change request.
  • Transaction fee is also applicable on part-payment requests made by non-individual borrowers (if part-payment charges haven't been paid).
LAP Interest Rate   As per risk assessment 
Stamp duty Based upon state stamp duty charges
Documentation Retrieval Charges INR 500

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 <PROP> to 561615

FAQs

From refinancing to reducing your interest, we have the answers right here.

Does Deutsche Bank check the CIBIL Score of individuals before sanctioning their loan against property?

Yes, Deutsche Bank checks the CIBIL score of the applicant before sanctioning a loan. A score of 750 or above is considered to be a good score by the bank. 

What is the maximum loan amount that I can avail against the property?

The maximum loan amount that Deutsche bank offers against residential properties is INR 15 crores. However, LAP on commercial properties is restricted to INR 5 crores. The maximum amount that can be disbursed thoroughly depends upon the repayment capacity of the borrower. At max, the bank will offer 75% of the loan value. 

Who can be the co-applicant in Deutsche bank LAP?

Applicants can make a spouse their co-applicant in the LAP application. Additionally, adding employed co-applicants improves loan approval chances at lower interest rates. To know who else can be a co-applicant for your loan against property get in touch with the bank executive.

Why should you opt for a LAP instead of a Top-Up loan?

Deutsche Bank Loan Against Property has certain advantages over a Top-up Loan. These are higher loan amounts, lower interest rate and flexible repayment tenure.

What are the KYC documents I will have to submit to apply for a loan against property from Deutsche Bank?

Deutsche bank asks for specific KYC documents including identity proof, residence proof, and age proof. 

Can you get an Overdraft facility on LAP from Deutsche Bank?

Yes, Deutsche Bank offers LAP with an overdraft facility or EMI repayment option. 

Is it mandatory to open a Deutsche Bank account to avail a LAP?

It is not mandatory to have an account in Deutsche Bank to avail a LAP. Although, the executive might ask you to open an account. 

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