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Deutsche Bank Loan Against Property Details

Getting a Loan Against Property is the easiest and most reliable way for you to get instant funds without any additional collateral. For property owners, this is a great option to leverage the value of the property that they own in order to fund any personal or business requirements. The property in question becomes the security against the loan and you can get a loan quantum based on the value. The advantage of these loans is that the application process is simpler and the turnaround time for the loan is also much quicker. In case of any emergency, especially, this is one of the best options to avail financing without too much paperwork.

A Loan Against Property is quite similar to a home loan. However, when it comes to a Loan Against Property, there is no restriction on how you make use of the amount that is sanctioned to you. Unlike home loans, where the loan amount can only be used for purchase or construction of a new property, you can use the Loan Against Property for medical requirements, higher education, travel, functions, and even business expenses.

With Deutsche Bank, you have the advantage of banking with one of the most renowned banks in Europe. The bank has been operational in India since 1980 and has been the top choice not only for individuals but also for corporate clients across the country. Deutsche Bank brings several years of experience to the table with every single loan plan and product that it has to offer. Therefore, you can be assured of the most beneficial features and the most affordable loans as well.

Also Read - Dos & Don’ts of Applying for a Loan Against Property

Features of Deutsche Bank Loan Against Property

With Deutsche Bank, you can get a Loan Against Property in the form of a term loan or as an overdraft facility. The features of the loan are as follows:

  • Loan amount: You can avail a loan up to 15 Crores, depending on the value and type of property. For commercial properties, you can avail the maximum loan amount of 5 Crores. There are several factors that are considered before the final loan amount is sanctioned, like the income of the applicant, age, employment status, the current CIBIL score of the applicant, and so on.
  • Repayment tenure: You can opt for a repayment plan that is comfortable for you. Deutsche Bank offers repayment tenure options ranging from 5 years to 15 years.
  • Interest rate: Deutsche Bank Loan Against Property comes with a default interest rate of up to 8.25% per annum.
  • Security: The applicant must provide a commercial property or a residential property as primary security against the loan. The bank will be the title holder of the property until the tenure of the property. Even the insurance that is availed for the property must list the bank as the beneficiary to prevent any liability in case of any damage to the property for various reasons.
  • Margin: You can get a loan of up to 75% of the value of the property. However, this also depends upon the builder, the type of property, the location of the property and other important factors.

Also Read - 7 Reasons a Loan Against Property May be Declined

Advantages of Deutsche Bank Loan Against Property

There are several advantages of applying for a Loan Against Property with Deutsche Bank, as mentioned below:

  • Loan can be availed against multiple property types, such as:
  • Residential properties: It can be a self-occupied or rented out residential property
  • Commercial properties: The loan can also be availed against an occupied office premise or a shop.
  • Loan amount can be used for the purchase of commercial property, such as a shop or office.
  • The bank offers exclusive insurance plans for loan against property that can provide cover for your loan during any unforeseen event in your life. In case of any unfortunate happenings, your family will get the insurance cover, which can be used to pay the outstanding loan.
  • The bank offers a higher loan amount
  • There is no restriction on the usage of the loan amount that is sanctioned. You may use it for travel needs, higher education, consolidation of debts, business investments or any other non-speculative purpose.
  • The documentation process is simple
  • The turnaround time on these loans is faster to help you get funds for emergencies
  • The application process is transparent and completely hassle-free

Also Read - 5 Rules to Follow When Purchasing a Loan Against Property

Eligibility Criteria for Deutsche Bank Loan Against Property

Deutsche Bank has separate eligibility criteria for salaried and self-employed individuals, as mentioned below:

Salaried Individuals:

  • Minimum age of the applicant must be 23 years
  • The maximum age of the applicant is 65 years or the tenure must complete before the applicant's retirement, whichever happens earlier.
  • The required gross annual income of the individual is 5,00,000

Self-employed Individuals:

  • The minimum age of the applicant is 23 years
  • The maximum age of the individual is 65 years
  • The required gross annual income of the individual is 5,00,000

Make sure that you fulfill all the eligibility criteria set by the bank before you apply for the loan. That way, the chances of your loan being approved are higher. Any rejection of the loan can lead to a lower CIBIL score. The eligibility criteria also affect the loan amount and the interest rate that is offered to you.

Properties that are co-owned by minors/ trusts/ HUF are not eligible for Deutsche Bank Loan Against Property.

Also Read - 7 Factors That Affect Loan Against Property Eligibility

Deutsche Bank Loan Against Property Interest Rate

Deutsche Bank offers Loan Against Property at a default interest rate of up to 8.25% p.a. To get the exact interest rate that is applicable for you, you can send the SMS PROP to 561615. Representatives of Deutsche Bank will call you with all the necessary details. Alternatively, you can also call 18602666660# for all the details on your loan. You have the option of both fixed interest rates and floating interest rates on these loans.

Also Read - Best Loan Against Property Interest Rates in India

Deutsche Bank Loan Against Property - Processing Fees and Other Charges

The schedule of charges applicable towards the loan is as follows:

Charges DetailsCharges Payable
Processing/ Administration fees
  • Up to 2% of the disbursed loan amount
  • If the loan gets rejected, 2,000 or the fee paid by the borrower (whichever is lower) will be deducted from the loan administration fee and the balance amount will be refunded.
  • The administration fee will not be refunded if the loan is sanctioned.
Prepayment charges and terms

In case of fixed interest rate:

  • 4% of the amount prepaid is charged as part-prepayment charges
  • In case of pre-closure, 4% of the total amount outstanding is charged as the pre-closure fees.

Floating interest rate

There are no part-payment charges for any individual applicant who has availed the loan for any purpose besides business investment.

For all other loans:

  • No charges if the total part-payment made is up to 25% of the loan amount in each financial year.
  • If the part-payment is more than 25% of the amount outstanding, then the charges are 4% of the loan amount prepaid, if paid within 3 years of loan disbursement. If paid after 3 years of loan disbursement, the amount is 2% of the excess amount prepaid.
  • Pre-closure charges on these loans are 4% of the total outstanding if the loan is prepaid within 3 years of disbursement and 2% of the total outstanding if prepaid after 3 years of disbursement of the loan amount.
Charges for any unsuccessful execution of the Standing Instruction (SI) for payment or Cheque/ ECS/ NACH bounceRs. 500
Switch fees or re-pricing feesThe charges can go up to 0.5% of the outstanding amount. These charges are subject to the discretion of the bank.
Transaction fees
  • 500 for customer initiated EMI or tenure change request.
  • Transaction fee is also applicable on part-payment request made by non-individual borrowers (if part-payment charges haven't been paid).
Default rate of interest  8.25% p.a.
Stamp dutyAs per actuals
Document retrieval chargesRs. 500
Taxes & other government leviesAs applicable

Also Read - 5 Steps to Choose the Ideal Lender for Loan Against Property

Security for Deutsche Bank Loan Against Property

The customer must provide a commercial or residential property as security against the loan. The loan amount depends upon the type of property pledged and the value of this property. This security is provided by depositing the title deed of the property with the bank. In some cases, additional collateral may be required by the bank. You may also have to provide third party guarantee against the loan if needed. The third party must be acceptable to the bank in order to process the loan application.

Also Read - Things That Affect Your Eligibility for a Loan Against Property

Documents Required for Deutsche Bank Loan Against Property

Submitting the right document is key to getting an approval on your loan. The bank provides you with a detailed checklist to make sure that the turnaround time on the loan is faster, helping you when you are in dire need of finances.

Here are the mandatory documents that you need to submit (along with the loan application form and your recent passport-sized photograph) when you are applying for a Loan Against Property with Deutsche Bank:

Financial documentsSalariedSelf Employed
  • Last 3 months salary slips.
  • ITR or form 16
  • HR certificate with details of reimbursements.
  • Details on existing loans and loan closure letter, if applicable.
  • IT returns for the last 2 years
  • Detailed profit and loss statement along with 2 years Balance sheet, duly assessed by a CA.
  • Proof of business for at least 3 years
  • Bank statements for last 6 months
  • Business profile
Photo ID and age proof
  • Passport
  • PAN Card
  • Voter's ID
  • Driving License
  • NREGA Job Card
  • Adhaar Card
Address proof
  • Valid passport
  • Adhaaar Card
  • Voter's ID
  • Valid Driving License
  • NREGA Card
Proof of signature
  • PAN Card
  • Banker's Certificate
  • Passport
  • Driving License
Property documents
  • Allotment letter
  • Approved floor plan
  • Title deed
  • Property tax receipts

Also Read - Documents Required for Applying a ‘Loan Against Property’ in Mumbai

How to Use MyMoneyMantra Loan Against Property EMI Calculator?

A Loan Against Property EMI Calculator is a very useful financial tool to help you decide which loan plan suits you the best. This calculator helps you get all the details pertaining to your loan, such as the EMI, the tenure of the loan and a lot more. This tool can be used before you send out the loan application to make sure that it is affordable for you.

Using the Loan Against Property tool is easy. All you have to do is:

  • Log on to the official MyMoneyMantra website
  • Select the EMI Calculator available under Financial Tools
  • Provide details like the loan amount required, tenure of the loan, and rate of interest
  • Hit the calculate button
  • All the EMI-related details will be displayed on the screen instantly

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Pre-Approved ICICI Loan Against Property @8.35% p.a 

ICICI bank loan against property up to Rs. 5 Crore can be availed of online as well as offline by salaried and self-employed applicants. The LAP can be for applied for business expansion, long term working capital, debt consolidation, equipment purchase, medical exigency, education/ marriage of children, holiday and much more. Higher loan amounts are available for select customers. 

FAQs

✅What is the maximum loan amount offered by the bank?

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The loan amount may go up to 15 Crores for residential properties and up to 5 Crores for commercial properties, depending on the value and type of property and your repayment capability.

✅How does the bank analyse the repayment capacity of the borrower?

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The bank considers various factors when analyzing the repayment capacity of the borrower, such as borrower's age, income, qualification, number of dependants, income of spouse, assets, liabilities, stability, continuity of occupation, savings history, and so on.

✅How long is the repayment tenure offered by the bank?

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The loan repayment tenure may range from 5 to 15 years, provided the tenure does not extend beyond borrower reaching 65 years of age or retirement, whichever is earlier.

✅How do I apply for the loan?

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You can apply through any of the following ways:

  • Apply online
  • Apply through Deutsche Bank's website
  • Apply through MyMoneyMantra
  • Write to the bank at
  • care@db.com
  • SMS PROP to 561615
  • Call Deutsche Bank at:
  • 18602666660#
  • Walk into any of the branches of the bank

✅Can I prepay the loan?

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Yes, you can prepay your loan in either part or full. However, charges may apply for the same. Please refer the Charges section to know the charges applicable on prepayment.

✅Do I need to have an account with Deutsche Bank to apply for or repay the loan?

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No. Opening an account with Deutsche Bank is not mandatory for loan application or repayment.

✅What are the different types of Loans Against Property offered by Deutsche Bank?

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The bank offers:

  • Loan Against Home or Residential Property
  • Loan Against Commercial Property
  • Loan for Purchase of Commercial Property
  • Balance Transfer
  • Top-Up Loan