Deutsche Bank Loan Against Property

Home Loan Against Property Deutsche Bank Loan Against Property

About Deutsche Bank

Deutsche Bank, a leading global investment bank offers unparalleled financial services throughout the world such as Germany, Europe, North America and Asia including India. The bank with an employee base of more than 78,000 in over 70 countries worldwide is a strong and profitable private client's franchise.  Indian branch of the bank is offering an extensive range of financial services including on-shore investment banking, institutional equities broking, retail banking, and business processing outsourcing and asset and private wealth management to Indian corporate, institutional and individual clients.

About Deutsche Bank Loan Against Property

Deutsche Bank provides Loan Against Property to the borrowers who require funds for expanding their business and other personal needs. Loan Against Property from Deutsche Bank can be taken against residential, commercial and industrial property. Deutsche Bank offers LAP at competitive interest rates and at flexible tenor.

Deutsche Bank Loan Against Property Features and Benefits

Deutsche Bank offers Loan Against Property with attractive benefits and features. The features are mentioned below:

  • Loan Amount: The loan amount for residential property can go up to Rs. 15 crores and Rs. 5 crores for commercial property.
  • Loan Tenor: The bank offers loan against property with the flexible loan tenor that ranges from 5 years to 15 years.
  • Loan to Value: Loan to Value of Deutsche Bank loan against property can go up to 75% of property value.
  • Property Type: Deutsche Bank offers loan against residential, commercial and industrial property.
  • Insurance Plan for Loan Against Property: Deutsche Bank also offers Insurance Plan to cover a loan for the future uncertainties. The borrower can cover his family with the help of this exclusive insurance plan.

Types of Loan Against Property Offered by Deutsche Bank

Deutsche Bank provides different types of loan against property that are mentioned below:

  • Loan against home
  • Loan against commercial property
  • Loan for commercial property purchase
  • Balance transfer
  • Top- up loan

Deutsche Bank LAP eligibility

Your loan eligibility depends upon following factors:

  • Age: you should be at least of 23 years at the time of loan commencement and maximum age at the time of loan maturity should be 65 years.
  • Income: One of the important factors that affect loan eligibility is income. Higher the income, higher will be the loan amount. The minimum gross annual income should at Rs. 5 lacs.
  • Repayment capacity: Another important factor affecting loan eligibility is repayment capacity of the borrower. More you are capable to pay, more are your chances to get high loan amount.
  • Value of property: The value of the property also affects loan eligibility. The more your value of the property is, the more will be the loan amount.

  • Interest Rate 9% - 10%
  • Loan Amount20L - 8Cr
  • Processing Fee 0.50%
  • TenorUpto 15 Years

  • Quick Apply

Documentation for Deutsche Bank Loan Against Property

The following documents are required for applying for a loan against property from Deutsche Bank:  

 Type of document Salaried employeeSelf-employed  
  Salary   slips/   Income Tax   Return
  • Salary slip of last three month
  • Form 16 or ITR
  • HR certification furnishing information of all the allowances and reimbursements
  • Copy of bank statement (main account) for last 6 months
  • Repayment details on any existing loans or loan closure letter

 

  • Income Tax returns for the last 2 years
  •  P & L Statement and Balance Sheet of last 2 years (Certified by CA)
  • Proof of business continuity for last 3 years
  • Copy of bank statement (main account) for last 6 months
  • Short note on the nature of a business, a form of organisation, clients and suppliers, etc.
 Identity     proof (Anyone)

 

  • Aadhar Card or Letter issued by the UIDAI
  • Valid Passport
  • Photo PAN Card
  • Voter's ID Card
  • Valid Driving License
  • Job Card (Issued by NREGA and signed by authorized signatory)
  • Aadhar Card or Letter issued by the UIDAI
  • Valid Passport
  • Photo PAN Card
  • Voter's ID Card
  • Valid Driving License
 Proof of   Signature   (Anyone) 
  • Valid Passport
  • Banker's Certificate
  • Driving License
  • PAN Card
 
  • Valid Passport
  • Banker's Certificate
  • Driving License
  • PAN Card
 Residential   address   proof (Anyone) 
  • Aadhar Card or Letter issued by the UIDAI
  • Valid Passport
  • Valid Driving License
  • Voter?s ID Card
  • Job card issued by NREGA duly signed by an officer of the State Government
 
  • Aadhar Card or Letter issued by the UIDAI
  • Valid Passport
  • Valid Driving License
  • Voter?s ID Card
  • Job card issued by NREGA duly signed by an officer of the State Government
 Property   related   documents 
  • Title deed including the previous chain of property documents
  • Proof of any other claim on property
 
  • Title deed including the previous chain of property documents
  • Proof of any other claim on property
 Age Proof (Anyone) 
  • Aadhar Card or Letter issued by the UIDAI
  • Valid Passport
  • Voter's ID Card
  • PAN Card
  • Birth Certificate
  • Job card issued by NREGA duly signed by an officer of the State Government
 
  • Aadhar Card or Letter issued by the UIDAI
  • Valid Passport
  • Voter's ID Card
  • PAN Card
  • Birth Certificate
  • Job card issued by NREGA duly signed by an officer of the State Government

Deutsche Bank Fees and Charges

Following are different types of fees charged by Deutsche Bank:

Fee Type

Amount

 Processing Fee

  Up to 2% of loan amount

 Part-payment charges

  4% of the amount prepaid

 Pre-closure charges

  4% on the outstanding loan

 

Note: In case of loan rejection the bank deducts Rs. 2,000 against the application fees paid by the borrower as administration charges. The balance amount will be refunded to the borrower.

Other Available products from Deutsche Bank

EMI CALCULATOR

EMI Calculator

EMI Calculator

Loan EMI

Total Interest Payable

Total of Payments
(Principal + Interest)