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Loans for Commercial Property - IDBI Bank Commercial Property Purchase

Home > Loan > Loan Against Property

IDBI Bank Loan Against Property


IDBI Bank brings Loan against property to enable you to unlock the power of your property. You can mortgage your residential, commercial or Industrial 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:
Up to Rs.10cr, Loan above Rs.10cr can be provided depending upon individual cases.

Loan Tenure:
Up to 15 Years.


Processing Fees:
Up to 1% of the loan amount plus service tax as applicable.


Maximum Funding*:
• Up to 65% of the market value of the property (Residential Self Occupied)
• Up to 55% of the market value of the property (Residential Leased Out)
• Up to 50% of the market value of the property(Commercial/Industrial)
• More funding to existing Bank’s customer.

*Subjected to repayment capacity of the individual as assessed by IDBI Bank Ltd.


Documentation:
The Following documents are required along with The Application Form to process your Loan Application.

Salaried Customers

Self Employed Professionals

Self Employed Non Professionals

Application form with photograph

Application form with photograph

Application form with photograph

Identity and Residence Proof

Identity and Residence Proof

Identity and Residence Proof

Latest Salary-slip for last 3 months

Education Qualification Certificates and Proof of business existence

Proof of business existence

Form 16/ITR

Last 3 years Income Tax returns

Business profile

Last 6 months bank statement

Last 3 years Profit /Loss and Balance Sheet

Last 3 years Income Tax returns

Last 3 years Profit /Loss and   Balance sheet statement.

Processing fee cheque

Last 6 months bank statements

Last 6 months bank statements

Processing fee cheque

Processing fee cheque

Property Related Documents

All Title related Documents along with approved sanction/building plan.


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:
Following are the schedule of charges and Terms & Conditions applicable on Home Loans and Loans against property.
Click here to download the schedule of charges.


How to apply:
You can help us by choosing any of the following ways to provide you our Loan Solution:-
IDBI Bank Branch Locator: Click here to know the Branch nearest to your location. Contact our Branch Personnel.

Call IDBI Loan Against Property Sales Officer in your City.

Apply online

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