A Loan Against Property can be taken for various purposes such as personal or business needs. You can avail of this loan by keeping your existing residential property as a collateral with DBS Bank.
Since a loan against property is a secured loan, you will pay a lower interest rate than other unsecured loans.
Interest rates starting from 9.25%* p.a.: Avail competitive interest rates on your Loan Against Property with DBS Treasures.
Lower Processing Fees: As a valued DBS Treasures customer, you can avail the loan at an attractive fee of only up to 1%.
Accessible funding: You can avail a loan up to 65% of the market value of a residential property.
Increased payment flexibility: Competitive interest rates, coupled with lower EMIs, give you the repayment flexibility you want.
Hassle-free processing: When you take a loan against property from DBS Treasures, our mortgage specialist takes charge to ensure smooth and easy processing.
Funds are available for multiple purposes: Do you have a big-ticket personal expense lined up or a planned business expansion that needs a cash infusion? A loan against property can help meet those needs and many more.
You decide the tenure: You have a lot more control in deciding how short or long your loan tenure can be. With a maximum limit of 15 years, you have complete flexibility over a loan repayment.
You continue to own the property: The loan against property ensures that you retain ownership rights throughout the tenure and after successful closure of your loan. It allows you to benefit from your asset's potential.
To apply for a loan against property, you need to submit the following documents for all applicants / co-applicants along with the completed and signed Mortgage Application Form.
Identity Proof and Residence Proof (KYC)
For salaried professionals, the documents needed are:
For self-employed professionals, the requirements differ slightly:
Other important documents
The list of documents mentioned above are indicative and acceptance of these documents is based on DBS Bank's credit policy as applicable at the time of loan application. For more details, you can speak to your Relationship Manager (RM) or visit the nearest branch.
You can get a tenure up to 15 years for a Loan Against Property with DBS Treasures.
The amount of stamp duty payable on a Loan Against Property varies from one state to another and on the amount disbursed. For specific information, you can speak to a Relationship Manager by clicking here.
Yes, a PAN card is mandatory while applying for a Loan Against Property.
A DBS Treasures Loan Against Property is the perfect choice for many reasons:
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