Consumer Loan Against Property

Overview

Secure up to INR 1 crore* with a Consumer Loan Against property from DBS Bank, Asia’s Safest Bank. You can apply online with a seamless process requiring minimal paperwork, flexible repayment, and the option to leverage your property’s value without selling. You can also access an overdraft facility to meet your business’ working capital needs. We cater to self-employed professionals and self employed non-professionals.

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Eligibility Criteria for DBS Bank Consumer Loan Against property

To qualify for the DBS Bank Consumer Loan Against property offered by DBS Bank, applicants must meet the following criteria:

1. Applicant Type: The loan is available to self-employed individuals, including manufacturers, retailers, traders, and professionals.
2. Property Type: The applicants must provide residential or commercial property as collateral.
3. Business Proof: Applicants need to submit valid business proof, such as the Udyam Registration Certificate for MSMEs.
4. Financial Documents: Submission of financial documents, including Income Tax Returns (ITR), Profit & Loss statements, and balance sheets, is required.
5. Bank Statements: Applicants must provide the latest 12-month bank statements along the repayment statements.
6. KYC Documents: All applicants and co-applicants must submit KYC documents as per the bank’s norms.

How to Apply for DBS Bank Cosnumer Loan Against Property

1. Click on "Apply now" to avail the loan. Our representative will get in touch with you.
2. You can give a missed call on: +91 72898 43232. Our representative will get in touch with you.
3. Walk into your nearest branch with complete documentation.

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DBS Bank Consumer Loan Against property Interest Rates:

DBS Bank Consumer Loan Against property (Term Loan/Overdraft) offers competitive interest rates based on various factors. Click here to view details.

• Interest rates range from 10% to 18% per annum (linked to the Repo rate).
• Rates vary depending on factors like your Bureau Score, loan segment, etc.
• The current Repo rate is 6.25%.

Fees and Charges for Consumer Loan Against property

When applying for a Consumer Loan Against property, understanding the fees and charges associated with the loan process is essential to plan your finances effectively.

Processing Fees:

• Consumer Loan Against Property: Up to 3% of the sanctioned loan amount + applicable GST
• Overdraft: Up to 1% of the limit amount + applicable GST
• Initial Application Login Fee: ₹4000 + applicable GST (non-refundable)

For detailed charges, visit the schedule of charges

Indicative Documents List Required for Consumer Loan Against Property:

To apply for a Consumer Loan Against property, submit the completed application form along with the required documents for all applicants/co-applicants.

1. Application form (Including photographs) duly signed by all applicants and Guarantor.
2. KYC Documents as per Bank KYC norms.
3. Business Proof.
4. Udyam Registration Certificate (Applicable for MSME).
5. Latest 12-month bank statement and the EMI repayment bank statement.
6. A cheque for processing fee favouring DBS Bank India Limited.
7. Property Documents- Title Deeds with all the previous chains of property documents/agreements
8. Declaration and documents stating the end use of the loan.
9. Last 2 Years ITR, P & L and Balance Sheet, etc (basis availability).

This list outlines common requirements, but additional documents may be requested as per DBS Bank’s credit policies. For details, contact your Relationship Manager or visit a DBS Bank branch.  

Terms and Conditions

• Approval is at the sole discretion of DBS Bank and subject to all checks and verification found satisfactory as per Bank’s policy.
• The customer must notify the bank of any updates or changes in residence, contact details, or business information within 30 days of availing the loan and thereafter as needed to keep the bank’s records updated.
• Find your nearest C-LAP branch: Locator infographic

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MSME Guidelines

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