RBL Bank Loan Against Property
You can readily apply for RBL loan against property without any hassles whatsoever. There is a seamless RBL loan against property online application procedure as well. RBL Bank offers loans up to Rs. 10 crore along with flexible repayment options up to 180 months. You can put up both residential and commercial properties as collateral while getting loans up to 80% of the value of the property. There are attractive RBL Loan Against Property interest rates on offer for borrowers as well. Other advantages include swifter approvals with minimal documentation along with fixed rates for the first three years as a provision.
- Loan Against Property
| Loan Amount | : | ₹3L - ₹10Cr |
| Interest Rate | : | 10.65% - 16.25% |
| Processing Fee | : | 1% - 1.5% |
| Tenure | : | 15 Years |
| Banks | Interest Rate | Processing Fee | Loan Amount/Tenure | |
|---|---|---|---|---|
10.65% - 16.25% | 1% - 1.5% | ₹3L - ₹10CrTenure(1 - 15 Years) | Details |
RBL Loan Against Property Eligibility Criteria
- These loans may be taken by salaried and self-employed borrowers along with partnership firms, private limited companies, sole proprietorships, and others.
- Only Indian residents may avail of these loans.
- Salaried individuals should earn at least Rs. 1.5 lakh per year with minimum age of 23 years. The maximum age should be 60 years at the time of loan maturity.
- Self-employed professionals and borrowers should have net profit of Rs. 1.5 lakh as per the last year’s ITR or financials and the same age limit applies in their case as well.
RBL Loan Against Property Fees and Charges
You have to pay processing fees up to 1.25% on the loan.
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