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  #2  
Old June 18th, 2013, 06:52 PM
Gunjan
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Join Date: Dec 2011
Posts: 40,520
Default Re: IDBI Bank loan against property

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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  #3  
Old October 20th, 2015, 03:38 PM
Unregistered
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Posts: n/a
Default Re: IDBI Bank loan against property

I want to take Loan from IDBI Bank against Property so can you please provide me the details regarding this loan?
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  #4  
Old October 20th, 2015, 03:39 PM
Rahul Parik
Super Moderator
 
Join Date: Dec 2011
Posts: 14,224
Default Re: IDBI Bank loan against property

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.
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