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| Deutsche Bank Loan Against Property Highlights 2024 | |
| Interest rate | LAP interest rates are linked to 3-month Treasury Bill Rate (EBTL), currently 6.40%, and the spread over EBTL is calculated based on the applicant’s credit profile |
| Loan amount | For residential properties: Up to Rs 15 crore |
| For commercial properties: Up to Rs 5 crore | |
| Repayment tenure | 5 to 15 years |
| LTV Ratio | 75% of the market value of the property |
| Processing fee | Up to 2% of the disbursed loan amount |
Updated as of 20 November 2024
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Table of Contents
Deutsche Bank Loan Against Property Interest Rate
Deutsche Bank Loan Against Property interest rates are linked to the 3-month Treasury Bill Rate (EBTL), which is currently 6.40%. However, the bank has not disclosed the spread charged over EBTL. Deutsche Bank sets the spread over EBTL based on the applicant’s credit risk premium, operating cost, business strategy cost or any other parameter determined by Deutsche Bank.
Compare Interest Rates on Loan Against Property for Top Banks & HFCs
| Name of the Lender | Interest Rate (% p.a.) | |
| State Bank of India | 10.00-11.30 | |
| Bank of Baroda | 10.85-18.60 | Apply Now |
| PNB Housing Finance | 9.25-15.00 | Apply Now |
| IDFC First Bank | 9.00-16.50 | Apply Now |
| HDFC Bank Limited | 9.50-11.00 | Apply Now |
| L&T Housing Finance | 9.50 onwards | Apply Now |
| LIC Housing Finance | 9.50-11.55 | Apply Now |
| Godrej Housing Finance | 9.75 onwards | Apply Now |
| ICICI Bank | 10.85-12.50 | Apply Now |
| Tata Capital | 9.00 onwards | Apply Now |
| Axis Bank | 10.50-10.95 | Apply Now |
| Punjab National Bank | 10.40-12.75 | Apply Now |
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Deutsche Bank Loan Against Property Fees and Charges
Processing fee/Administration fee
Deutsche Bank charges a processing/administration fee of up to 2% of the loan amount disbursed.
Prepayment/Foreclosure charges
| For floating rate loan | NIL for individual borrowers for purposes other than business |
| For fixed rate loan | Part payment: 4% of prepaid amount |
| Foreclosure charges: 4% of the outstanding loan at the time of loan closure | |
| For dual rate loan (fixed and floating) | Part prepayment up to 25% of the outstanding loan amount: NIL |
| For amount part paid in excess of 25% of outstanding loan amount: | |
| ● Up to 3 years from the date of disbursal: 4% of excess amount part paid | |
| ● After 3 years from the date of disbursal: 2% of excess amount part paid | |
| Pre-closure charges are applicable on the outstanding loan and all part payments made in the current financial year before loan closure for which no part payment charges were paid: | |
| ● Up to 3 years from the date of disbursal: 4% | |
| ● After 3 years from the date of disbursal: 2% |
Other fees and charges
| Cheque/ ECS/ NACH bounce charge | Rs 500 |
| Switch fee/ Repricing fees | Up to 0.5% of principal outstanding (at the request of the borrower, Deutsche Bank at its discretion may permit the borrower for repricing the loan) |
| Transaction fee | Rs. 500 (applicable on customer initiated EMI/ tenure change request) |
| Penal interest | 24% per annum on the overdue/ unpaid/ delayed amount payable |
| Penal Charges on EMI Overdues | If EMI dues are unpaid beyond 5 calendar days from the EMI due date, a penal charge @ 2% of the EMI Amount would be charged |
| Post Dated cheques/ ECS/ NACH/ SI swap charges | Rs 500 |
| Document retrieval charges | Rs 500 |
| Stamp duty on loan agreement | As applicable depending on local regulations and on the type of mortgage |
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Deutsche Bank Loan Against Property Types
Loan Against Residential Property
Purpose: To meet business and personal needs such as marriage, education, etc. The residential property should either be rented out or self-occupied. Properties co-owned by Minors/Hindu Undivided Family/ Trusts are not eligible for this loan.
Loan Against Commercial Property
Purpose: Borrowers can avail loan against their occupied office premise or shop for personal or business purposes.
Eligibility Criteria for Deutsche Bank Loan Against Property
- Minimum age: 23 years
- Maximum age: 65 years or retirement, whichever is earlier
- Minimum gross annual income: Rs 5 lakh
Along with the above-mentioned criteria, Deutsche Bank may also consider the occupation profile, property value, etc, while evaluating loan against property eligibility of its applicants.
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Documents Required for Deutsche Bank Loan Against Property
Identity Proof (any one of the following):
- Valid Passport
- Photo PAN Card
- Voter’s ID Card
- Valid Driving License
- Job card issued by NREGA duly signed by an officer of the State Government
- Aadhar Card or Letter issued by the UIDAI
Address Proof (any one of the following):
- Valid Passport
- Valid Driving License
- Voter’s ID Card
- Job card issued by NREGA duly signed by an officer of the State Government
- Aadhar Card or Letter issued by the UIDAI
Signature Proof (any one of the following):
- Valid Passport
- Banker’s Certificate
- Driving License
- PAN Card
Age Proof (any one of the following):
- Valid Passport
- Voter’s ID Card
- PAN Card
- Birth Certificate
- Valid Driving License
- Job card issued by NREGA duly signed by an officer of the State Government
- Aadhar Card or Letter issued by the UIDAI
Financial Documents Required for Salaried Applicants:
- Salary slip of last three months
- Form 16 or ITR
- HR certification showing all allowances and reimbursements (if any)
- Copy of bank statement (main account) for last 6 months
- Repayment details on any existing loans or loan closure letter
Financial Documents Required for Self-employed Applicants
- Income Tax returns for the last 2 years
- Profit and Loss Account along with computation of Income and Balance Sheet for last 2 years, duly certified by a CA
- Proof of business continuity for last 3 years
- Copy of bank statement (main account) for last 6 months
- Short note on the nature of business, form of organization, clients and suppliers, etc
Along with the above-mentioned documents, Deutsche Bank may also ask for additional loan against property documents based on the applicant’s profile.