Deutsche Bank

Deutsche Bank Loan Against Property

Apply Deutsche Bank Loan Against Property @ 9%

Interest Rate

9%-10%

Processing fee

Upto 0.50%

Loan Tenure upto

15 years

LTV (Loan to value)

75% to 90% of property value

About Loan Against Property

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.

About Deutsche Bank

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.

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 24% 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.

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

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.

Deutsche Bank Loan Against Property Interest Rate

Deutsche Bank offers Loan Against Property at a default interest rate of up to 24% 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.

Deutsche Bank Loan Against Property - Processing Fees and Other Charges

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

Charges Details

Charges 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 bounce

500

Switch fees or re-pricing fees

The 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  

24% p.a.

Stamp duty

As per actuals

Document retrieval charges

500

Taxes & other government levies

As applicable

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.

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 documents

Salaried Self 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

Why Apply for Deutsche Bank Loan Against Property through MyMoneyMantra?

MyMoneyMantra helps you get your loans faster from the best financial institution. This is the single portal for you to get a quick glance of all the loan options that are available to you. There are several customers who have successfully availed loans through MyMoneyMantra and recommend it as the best option for the following reasons:

  • You have access to a 24x7 customer care for all queries related to your loan
  • MyMoneMantra is a single point of access to more than 90 banks and NBFCs. This helps you find the most suitable options for you.
  • All the details of every product are provided to the customer. This helps them compare these products to choose one that is most suitable for them.
  • This is a convenient option as the entire loan application process is online. All you have to do is register online, provide necessary details and find a product that best suits your needs. Then, you can even submit the application for the product online.
  • We offer doorstep documentation services. Our representative will check all your documents and submit them to the bank.
  • There is a 24x7 system in place to help improve the turnaround time on your loan as well
  • MyMoneyMantra's services are available in over 500 cities across India
  • You can connect with our relationship managers and financial advisors for any assistance that you need on planning your finances better.
  • MyMoneyMantra has won more than 100 banking awards for the excellent customer service as well as unique products.

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

Why Use MyMoneyMantra EMI Calculator?

MyMoneyMantra's Loan Against Property EMI Calculator must be used for the following reasons:

  • To check your eligibility for the loan: You can decide if this loan is suitable for your requirement or not. The calculator will also help you find the best products that you are eligible for in order to increase the chances of the application getting approved. This ensures that your CIBIL score stays intact.
  • You can find the most affordable loan plan: The EMI is provided accurately when you make use of the Loan Against Property calculator. This allows you to narrow down on your options and find one that is most affordable to you. Finding an affordable loan plan ensures that you are able to make repayments on your loan regularly without any added burden at the end of each month. You can also plan your finances in such a way that they accommodate the EMI payable. This is very important to keep your CIBIL score high or to improve your credit score.

Deutsche Bank Loan Against Property - FAQs

What is the maximum loan amount offered by the bank?

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?

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?

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?

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?

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?

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?

The bank offers:

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

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