Go Back   2019-2020-2021 StudyChaCha > StudyChaCha Discussion Forum > General Topics




  #1  
Old January 24th, 2012, 06:57 PM
Super Moderator
 
Join Date: Dec 2011
Default IDBI Loan against Property

I want to apply for IDBI Loan against my Residential Property but before it want to collect information about terms and condition of it can you give me information about terms and condition of IDBI Loan against Property? What is the interest rate charged by IDBI bank for Loan against property?

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.
Reply With Quote Quick reply to this message
Other Discussions related to this topic
Thread
Sbi Loan Against Property Interest Rate
Property Loan In Indian Bank
Loan Against Property Karur Vysya Bank
Indian Bank Loan against Property
Yes Bank Loan against Property
State Bank Of Bikaner And Jaipur Loan Against Property
Punjab sind bank loan against property
State Bank Of Mysore Loan Against Property
State Bank Of Travancore Loan Against Property
Loan Against Property State Bank of Hyderabad
Bank of Baroda Loan against Property
Loan against Property Bank Of Baroda
SBI Bank Loan Against Property
IDBI Bank loan against property
SBI Loan against Property Documents Required
IDBI Loan Against Property Interest Rate
SBI Loan against Property Calculator
SBI Loan against Property Details
SBI home loan against property
IDBI personal loan






  #2  
Old February 9th, 2012, 04:30 PM
Super Moderator
 
Join Date: Nov 2011
Default Re: IDBI Loan against Property

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.
Attached Files Available for Download
File Type: doc IDBI Loan Against Property FAQ.doc (23.5 KB, 18 views)
Reply With Quote Quick reply to this message
Reply


Reply to this Question / Ask Another Question
Your Username: Click here to log in

Message:
Options

Forum Jump


All times are GMT +6.5. The time now is 09:14 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2 3 4 5 6 7 8 9