Prime Loan Against Property

Overview

A Prime Loan Against Property from DBS Bank allows you to meet personal or financial needs by using your residential property as collateral. With lower mortgage loan interest rates (compared to unsecured loans), minimal processing fee, and retention of property ownership, it’s a smart and reliable way to meet your financial needs.

Eligibility Criteria for DBS Bank Prime Loan Against Property

To apply for a mortgage loan with DBS Bank, applicants must meet the following eligibility criteria:

Nationality: Indian citizens, NRIs, PIOs, and eligible foreign nationals.

Age: Minimum 18 years.

Employment: Salaried or self-employed with valid income proof.

Creditworthiness: Good credit score and clean repayment history.

Property: Clear-title, freehold, and fully constructed property.

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How to Apply for DBS Bank Prime Loan Against Property

• Apply Online: Click here to apply, and a DBS Bank representative will get in touch with you.
• Visit your nearest DBS Bank Branch offering Prime Loan Against Property with the required documentation.
• Prime Loan Against Property is available in Mumbai, Mumbai Metropolitan Region, Delhi NCR, Hyderabad, Kolkata, Bangalore, Chennai, Pune

DBS Bank Prime Loan Against Property Interest Rates and Charges:

For detailed insights into DBS Bank Prime Loan Against Property Interest Rates. Click Here

Documents Required

To apply for a Prime Loan Against Property, submit the following documents along with the completed Mortgage Application Form:

Identity & Residence Proof (KYC):

PAN Card (Mandatory), Passport, Voter’s ID, Driving License, Aadhaar Card (Aadhaar number to be masked)

Income Proof:

• Salaried: Last 3 month's salary slips, 6 months bank statements showing salary credits, 2 years Form-16 & IT returns
• Self-employed: 2 years IT returns/ Assessment orders for the last two years with computation of income (including e-acknowledgement) certified by a CA, Audited Balance Sheet & Profit & Loss account along with Auditor's report and all annexures, Secondary income proofs if any (rental, dividend, interest, etc.), 6 months bank statements

Title deeds, occupancy certificate, approved plans, proof of no encumbrances

• Other Documents:
  Property purchase payment receipt proof, Appointment Letter or Employment Contract in cases where the current employment is less than a year old, Proof of professional qualifications - certificates to be furnished by self-employed professionals, a repayment track record for all ongoing loans - last 6 months, declaration and documents stating the end use of the loan, passport size photograph for all applicants along with application form with a signature across the form and photograph, a cheque for processing fee favouring DBS Bank India Limited - Name of the Applicant.

Note: Document requirements may vary based on DBS Bank’s policy. Speak to your Relationship Manager or visit a branch for details.

*Terms & conditions apply. Credit at sole discretion of DBS Bank India Limited.

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