#1
| |||
| |||
![]() Here I am giving you details about IDBI Bank Loan against Property. IDBI Bank is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India. 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 & meet all your financial requirements. 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. 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 Property Related Documents: All Title related Documents along with approved sanction/building plan. 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. IBDI Loan against Property Details: ![]() ![]() ![]() ![]() Last edited by Aakashd; March 7th, 2020 at 11:43 AM. |
#2
| |||
| |||
![]()
You were looking for some information on IDBI Bank Loan Against Property. I am providing you the frequently asked questions and their answers in a PDF file. Kindly log in to studychacha.com to download this file.
|
#4
| |||
| |||
![]()
IDBI Bank Mortgage Loan (Loan Against Property) IDBI Bank brings to you Loan Against Property facility to enable you to unlock the power of your property. You can mortgage your residential or commercial property to get a loan & meet all your financial requirements Loan details: 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.10 Cr. Loan above Rs.10 Cr can be provided depending upon the merit of the proposal. Loan Tenure: Up to 15 Years. Processing Fees: Please refer to Schedule Of Charges of Retail Assets. Maximum Funding*: If the applicant is not existing Home Loan /Loan Against Property customer Nature of the property LTV Residential 70% Non -residential 60% If the applicant is an existing Home Loan /Loan Against Property customer Nature of the property LTV Residential 75% Non -residential 65% Contact: Registered Office: IDBI Bank Ltd. IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai 400005. Swift: IBKLINBB
__________________ Answered By StudyChaCha Member |