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Loan Against Property

You may have a lot in your mind when it comes to expanding your business, financing your child’s wedding or taking care of any other financial need. And the first thing that strikes you is where to get money. There are many ways to arrange money for your needs and one of these ways is to take a loan. Among the many loan options in the market, you can take a loan against property as it is one of the most secured loans and comes with low interest options to easily take care of all your financial needs.

Deutsche Bank is a global German banking and financing institution with its headquarters in Frankfurt, Germany. Deutsche Bank established its first branch in India in 1980. It has now become one of the most dominant private global banking institution in our country with leading transactions-based business. It has over 11,000 employees in the country and operates in 16 cities with over 500,000 individual customers. Deutsche Bank offers an array of banking products and services to its customers, and has established itself as a fully integrated financial provider to Indian individuals, corporations and institutions.

Deutsche Bank provides a hassle free loan against property – residential as well as commercial property – which helps an individual to meet his business requirement or personal requirements.

Here are a few things to check before you take a property loan from Deutsche Bank.

  • The property against which you intend to take a loan from Deutsche Bank must be vacant and have an accepted map plan that is in a municipal area and authorised by the municipal body. Before applying for a loan, you must ensure that you have the entire chain of title documents of the property and its approved building plan along with a loan against property application form.
  • All your previous overdue amounts on credit cards or loans with Deutsche Bank or any other bank must have been cleared and EMIs must have been paid. The bank can evaluate your record of your dues and EMIs with all other banks. Estimate your CBIL score for free using our CBIL score estimate calculator so you know if you are eligible for the loan from Deutsche Bank.
  • Your existing EMIs on all credit cards and loans from Deutsche Bank or any other bank must not be more than 60% to 70% of your net worth income.
  • If you are currently employed and wish to avail a Deutsche Bank property loan, then make sure you attach your latest salary slip, bank statement and Form 16 with the loan application form.
  • If you are self employed in your own business practice, and wish to avail a loan against property in Deutsche Bank, then your business must have been in existence for more than 3 years. You also need to produce the income tax return statements with audited financials of your business for the past 3 years.

Various types of loan against property Deutsche Bank provides are:-

  • Loan against home
  • Loan against commercial property
  • Loan for commercial property purchase
  • Balance Transfer
  • Top Up loan

Features of Deutsche Bank Loan Against Property

Some unique features of Deutsche Bank LAP are:

  1. The maximum value of the property is provided to the tune of 70% for residential.
  2. The residential property can be self-owned or can be rented too. However, properties co-owned by minors/ HUF/ trusts are not eligible for LAP.
  3. For Self-employed, one can get LAP against office premise or a shop.                    
  4. Insurance is provided with Loan against property loan to cover the risk of the loan which helps the family to pay the outstanding loan in case of unanticipated scenarios.
  5. A Balance Transfer option is available here and one can take the advantage of the same if the existing home loan is running at a higher interest rate, that home loan can be transferred to Deutsche Bank at the current rate.
  6. The EMI on outstanding loan amount is calculated by the bank using a specific tool called a loan against property EMI calculator to make the figures exact and accurate.

Details of the Loan

  • Minimum loan tenor is 5 years.
  • Maximum Loan tenor is 15 years.
  • Minimum Amount: Rs.10 lakh
  • Maximum Loan amount: Rs.10 crore.
  • Maximum Loan amount: Rs.5 crore for commercial property.


 Loan against property is given to both salaried and self-employed categories of people. Following individuals are eligible for loan against property.

  • Salaried:
  1. Minimum Age: 23 Years
  2. Maximum Age: 65 years or retirement whichever is earlier.
  3. Minimum Annual Income: Rs.5,00,000/-
  • Self Employed:
  1. Minimum Age: 23 Years
  2. Maximum Age: 65 years
  3. Minimum Gross Annual Income: Rs.5,00,000/-

Schedule of Charges w.e.f 2nd June 2014


 LAP (All Variants)

1.Administration Fee

Up to 2% of principle amount

2. Interest Rate

24% p.a

3.Lock in Period

Within first 6 months of disbursement, part payment or full payment is not allowed.

4. Prepayment Charges

Fixed Rate Loan

  1. Pre closure chares is 4% of the outstanding principle amount
  2. Part payment charges are 4% of the amount prepaid.

Floating Rate Loan

  1. No prepayment charges are levied on borrowers.
  2. Part prepayment up to 25% of outstanding loan amount: Nil
  3. For amount part paid in excess of 25% of outstanding loan amount in every financial year :
  • Minimum amount for prepayment is 6 times of the EMI amount or Rs. 1 lakh whichever is lower.

5.Transaction Fee

Rs. 500/- ( customer initiated EMI / tenor change request including part payment)

6.Dulicate Statement Charge

Rs. 200/-

7.Repricing Fee

Upto 1.5% of outstanding amount

8.Cheque/ ECS/SI Dishonour Charges

Rs. 500/-

9.Service Tax , other government tax

As applicable.

10.Stamp Duty Charges

Based on the local rules and regulations and the type of loan.

11 Swapping Charge

Rs. 500/-

12. Credit Report Issuance Charge

Rs. 50/-

13. Document Retrieval Charges

Rs. 500/-




Self employed


  1. Salary Slip of last 3 months
  2. Form 16 or ITR
  3. HR Certificate reflecting payments and settlements.
  4. Photocopy of Bank Statements of last 6 months.
  5. Repayment details of existing loan or loan closure letter.
  1. Income Tax return of last 2 years.
  2. Proof of being in the same business for last 3 years.


  1. Copy of Bank Statements
  2. Note on nature of business, form of organization, suppliers and customers.

Proof of Age( Any One)

  1. Passport
  2. Voter’s Id
  3. Birth Certificate
  4. Driving Licence
  5. Aadhar Card
  6. PAN Card


  1. Passport
  2. Voter’s Id
  3. Birth Certificate
  4. Aadhar Card
  5. PAN Card





Signature proof(Any One)

  1. Valid Passport
  2. Driving License.
  3. PAN Card.
  4. Banker’s Certificate.
  1. Valid Passport
  2. Driving License.
  3. PAN Card.
  4. Banker’s Certificate.

Proof of Identity( Any One)

  1. Passport
  2. Voter’s Id
  3. Valid Driving Licence
  4. Aadhar Card
  5. PAN Card


  1. Passport
  2. Voter’s Id
  3. Valid Driving Licence
  4. Aadhar Card
  5. PAN Card


Proof of Address( Any One)

  1. Passport
  2. Voter’s Id
  3. Valid Driving Licence
  4. Aadhar Card



  1. Passport
  2. Voter’s Id
  3. Valid Driving Licence
  4. Aadhar Card


Advantages of Deutsche bank Loan Against Property

Higher loan amount: Depending upon the type and value of property you can opt for Deutsche Bank property loan of up to Rs. 5 crore. However, for commercial property types, the maximum loan amount is Rs. 3 crore.


Multipurpose loan: This loan against property scheme from Deutsche Bank can also be termed as loan against multi-property as you can avail this loan against any kind of residential, rented or commercial property for business or personal needs.


Loan against residential properties: Deutsche Bank property loan can be availed against any kind of residential property. The property may be either rented out or self occupied. However, residential property owned by minors, a Hindu undivided family, trust and foundation are not eligible for a loan against property.


Easy repayment option: You can choose the repayment option depending upon your convenience. The loan tenure option of property loan from Deutsche Bank ranges from 5 years to 15 years and you can choose a plan which is comfortable for you.


Insurance plan for loan against property: Deutsche Bank offers an exclusive insurance plan that acts as protecting shield to your loan in case of any unforeseen circumstances. In case of any unfortunate event, your family will have the support of insurance cover to pay for the outstanding loan amount without having to be burdened by the EMI on property loan.


All the loans are repaid through an EMI (Equated Monthly Instalment) which is a fixed amount paid every month towards the loan. EMI consists of both the principal and interest repayment. EMIs are paid either through cheques or through ECS (Electronic Clearing System), or through Standing Instructions (SI). 36 PDCs needs to be provided if one is choosing PDC as the mode of repayment of the loan. However, if any EMI bounces, charges will be applicable as per the bank’s policy and rate of charges.

For more information on the base rate and repo rate of Deutsche Bank, you can always visit the branch or their website.


For enhancement of the loan, one can include co-applicants for the loan.

Disbursement: - Final stage where the amount is available at the disposal of the customer for the specified utilization.

Loan against property will be disbursed on

  1. Identification and selection of the property.
  2. Legal and Technical clearance of the property.
  3. Submission and compliance with the legal documents
  4. Investment of one owns contribution towards the property purchase.

Security / Collateral

Title Deeds are treated to be the main security or collateral which should be unambiguous, marketable and therefore free from any encumbrances.

Opening of Account

It is not compulsory to open a banking relationship, but it’s advisable to do so, to enjoy the benefits and to get the maximum advantage of the overall banking.

Amortization Schedule

It’s a detailed statement which shows the breakup of the interest and the principal component of the EMI for every month. It helps the customer to know the exact principal outstanding after each and every payment. The other advantage of this schedule is the customer will know exactly when the loan will be paid off and he or she can plan accordingly as with each payment the principle goes down.

Top Up Loan

Additional loan can be taken by the customer against the same property to meet a range of personal necessities. The existing loan tenor has to be of minimum 12 months. A good repayment track record is the main criteria to avail a top up loan. A written application needs to be provided stating the purpose of the top up loan. The purposes of the top up loan can be categorized as follows:-

  • Business Need
  • Childs education: For further or higher studies.
  • Furnishing home: To buy furniture for the house.
  • Daughter’s marriage: To get fund for making the daughter’s marriage a special one.
  • Family holiday: To execute a planned family holiday.
  • Buying of vehicle: To buy car, bikes etc.
  • Any other necessity which is not illegal or speculative