Loan Against Property By IDBI Bank

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 For Loan Against Property By IDBI Bank :

 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 Required For Loan Against Property By IDBI Bank:
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 For Loan Against Property By IDBI Bank:
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

Help us to Contact You.

About

IDBI Bank Ltd. is a Universal Bank with its operations driven by a cutting edge core Banking IT platform. The Bank offers personalized banking and financial solutions to its clients in the retail and corporate banking arena through its large network of Branches and ATMs, spread across length and breadth of India. We have also set up an overseas branch at Dubai and have plans to open representative offices in various other parts of the Globe, for encashing emerging global opportunities. Our experience of financial markets will help us to effectively cope with challenges and capitalize on the emerging opportunities by participating effectively in our country’s growth process.

IDBI Bank is the youngest, new generation, public sector universal bank that rides on a cutting edge core banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients. The Bank had an aggregate Balance sheet size of Rs.3, 28,997 crore and total business of Rs.4,33,460 crore as on March 31, 2014. IDBI Bank's operations during the financial year ended March 31, 2014 resulted in a net profit of Rs. 1121 crore

Loan Against property lets you unlock the full potential of your property, and use it to build a bigger life for yourself. Whether your property is residential, industrial or commercial, a loan against property will ensure maximum finance, taking care of your unique needs as either a salaried or self-employed individual. At My Loan Partner, we help to unlock the wealth in our client's real estate assets.

Your loan application is now a very simple process as never before and we will get your loan approved asap.

We have multiple options of financial institutions to provide various types of financial services to our esteemed customers at their doorsteps at competitive rates.

We are thus providing a list of documents which are required from your side to get your loan approved from the respective banks and financial institutions.

List of documents for Salaried persons
. Proof of Identity:- Passport/Driving Licence/Voters ID/PAN Card(any one).
. Proof of Residence:- Leave and License Agreement/Utility Bill(not more than 3 months old)/Passport(any one).
. Latest 3 months Bank Statement(where salary/income is credited).
. Salary slips for last 3 months.
. 2 Passport Size Photographs.

List of documents for Self-Employed
. KYC Documents:- Proof of Identity;Address proof;DOB proof.
. Proof of Residence:- Leave and License Agreement/Utility Bill(not more than 3 months old)/Passport(any one).
. Income proof(audited financials for the last two years).
. Latest 6 months Bank statement.
. Office address proof.
. Proof of residence or office ownership.
. Proof of continuity of business.

Interested? Please leave your details and we will contact you soon