#1
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Can I get the information on how to take IDBI Bank loan against property and its advantage?
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#2
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Here as per your request I am providing you the complete details of the loans against property by IDBI Bank Advantages: 10 years Tenor (renewable every 12 months) Attractive Rate of Interest Maximum Funding Interest Rate on Daily Reducing Balance Simple Documentations Personalized Doorstep Services Loan amount: The min. amount for the loan is 5lakhs and it reaches to the maximum amount of 1000lakhs For residential property 60% For leased out residential property 55% If the property is commercial then , Loan to value ratio to be 50% of the market value of the property How to apply: For applying for the loans against property you have to visit the nearest IDBI bank or just call on the phone number of the bank provided to you. Address: IDBI Bank Opposite Jain Dada Badi, MG Road, Raipur, Chhattisgarh 492001 0771 253 9016 Map:
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#4
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IDBI Bank is an Indian government-owned financial service company. Its headquartered is in Mumbai, India. It was established in 1964 by an Act of Parliament. IDBI Bank Loan Against Property 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. Features 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 Documentation: The Following documents are required along with The Application Form to process your Loan Application. Salaried Customers- Application form with photograph Identity and Residence Proof Latest Salary-slip for last 3 months Form 16/ITR Last 6 months bank statement Processing fee cheque Self Employed Professionals- Application form with photograph Identity and Residence Proof Education Qualification Certificates and Proof of business existence Last 3 years Income Tax returns Last 3 years Profit /Loss and Balance Sheet Last 6 months bank statements Processing fee cheque Self Employed Non Professionals- Application form with photograph Identity and Residence Proof Proof of business existence Business profile Last 3 years Income Tax returns Last 3 years Profit /Loss and Balance sheet statement. Last 6 months bank statements Processing fee cheque 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.
__________________ Answered By StudyChaCha Member |