Loan Against Property By RBL Bank

Realise your dreams through RBL Bank Loan Against Property. Whether you are salaried or self-employed, RBL Bank Loan Against Property helps you to realise the true value of your property to meet your business and personal needs.

 Product Features For Loan Against Property By RBL Bank

Loan amount of upto Rs. 10 Crores

Convenient loan repayment option of upto 180 months

Both residential and commercial property accepted as collateral

Minimal documentation and faster approvals

Attractive interest rates

Eligibility & Loan Criteria Required For Loan Against Property By RBL Bank

Loan Against Property can be availed by salaried individuals, self-employed individuals,
self-employed professionals, sole proprietorships, partnership firms and private limited companies (including closely-held public limited companies.)

Loan Against Property can be offered to Indian Residents only.

Salaried Individuals

Minimum gross salary of Rs. 150,000 per annum.

Minimum age at loan sanction – 23 years. Maximum age at loan maturity – lower of 60 years or retirement age.

Self-Employed Individuals and Professionals

Minimum net profit as per latest year ITR / Financials of Rs. 150,000.

Minimum age at loan sanction – 23 years. Maximum age at loan maturity – 65 years.

 

List of Documents Required For Loan Against Property By RBL Bank

PAN Card – For Individual / Partnership Firm / Company

Identity Proof – Any one (e.g. Voter ID / Driving License / Passport)

Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)

Business Continuity Proof – Any one document dated 5 years old (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / COI / Partnership Deed)

Passport Size Photographs

 

List of Financial Documents Requirement

For Salaried

Last 2 years Income tax returns or latest 3 month salary slip or latest Form 16 issued by the employer.

Six months bank statement required with salary credits.

For Self-Employed Individuals / Sole Proprietorships

Latest audited ITR and financials for the last 3 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)

Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet.

For Self-Employed Professionals

Latest audited ITR and financials for the last 3 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)

Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet.

Professional Qualification Certificate and Degree Certificate for professionals. (Doctors, Architects, Chartered Accountants etc.)

For Partnership Firms / Private Limited Companies

Latest audited ITR and financials for the last 3 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)

Bank statements from the main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet.

Partnership Deed and partnership authority letter for partnership firms.

Memorandum and Articles of Association and Board Resolution from the company.

 

Certificate of Incorporation (COI) for companies.

Latest shareholding patterns for Private Ltd. / Public Ltd. companies.

About

RBL Bank is one of India’s fastest growing scheduled commercial banks. It is continuously expanding its presence across India through a growing network of branches and ATMs.

Established in 1943, RBL Bank undertook a transformational journey under a new management team in 2010. It embarked on an aggressive growth plan based on a robust platform of professional governance, relationships, technology infrastructure, high quality capital and geographic expansion. Over the last five years, some of the most notable global and domestic names have infused capital of over Rs. 1,500 Crores, taking TIER 1 capital to Rs. 2,200 Crores (approx).

Today, RBL Bank offers specialized services under five business verticals namely: Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking and Financial Markets. The Bank currently serves more than 14,00,000 customers and has a total business size of over Rs. 31,000 Crores.

As of May 2015, RBL Bank has grown to a network of 183 branches and 351 ATMs across 13 Indian states.

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.

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