Disclaimer: DBS Bank is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to DBS Bank for loan against property. No offers/services from DBS Bank are being provided by Paisabazaar for loan against property. For further information about DBS Bank for loan against property, users are required to reach out directly to DBS Bank.
DBS Bank Loan Against Property Highlights | |
Interest rate | 9.25% p.a. onwards |
Loan amount | Up to 65% of the market value of the residential property |
Repayment tenures | Up to 15 years |
Processing fee | Up to 1% of the loan amount |
Note: Interest rates as of 2 December 2024
Table of Contents
DBS Bank Loan Against Property Interest Rate
DBS Bank Loan Against Property interest rates start from 9.25% p.a. While the bank has not set differential interest rates for loan against property based on credit score, monthly income, loan amount, tenure, etc, many lenders consider these factors while setting loan against property interest rates for their applicants.
Check Lenders Offering Loan Against Property at Low Interest Rates Click Here
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 |
Fees and Charges of DBS Loan Against Property
Processing fee
DBS Bank charges a non-refundable processing fee of up to 1% of the loan amount.
Part Payment/Foreclosure Charges
DBS Bank does not charge part payment or foreclosure charges on loan against property.
Other fees and charges
Annual fees | 1% of the amount + tax |
Default interest |
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Switch fees | Up to Rs 5,000+ tax |
Conversion fees | Up to 1%+tax |
Repricing Fees/Conversion to RBI Policy | Rs 5,000+tax |
DBS Bank Loan Against Property Eligibility Criteria
- Salaried individuals
- Self-employed individuals
Along with the above-mentioned criteria, DBS Bank may also consider the credit score, monthly income, age, etc of its applicants to determine their loan against property eligibility.
Check LAP Interest Rates For Various Lenders Click Here
Also Check: Loan Against Property EMI Calculator
Document Required for Availing DBS Bank Loan Against Property
KYC Documents (Identity & Resident Proof)
- PAN Card (Mandatory document for KYC)
- Passport
- Voters ID
- Driving Licence
- Aadhaar Card (Aadhaar number to be masked)
Income Proof Documents for Salaried
- Last 3 months’ salary slips
- Last 6 months’ bank statements, showing salary credits
- Last 2 years form-16 and IT returns
Income Documents for Self-employed
- Income tax returns/assessment orders for the last two years with computation of income (including e-acknowledgement) certified by a CA
- Audited balance sheet and profit & loss account along with auditor’s report and all annexures
- Secondary income proofs if any (rental, dividend, interest, etc.)
- Last 6 months’ bank statements (all bank accounts)
Property Documents
- Title Deeds with all the previous chains of property documents / agreements
- Occupancy Certificate or CC and approved plan
- Proof of no encumbrances on the property
Other Important 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 of 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.
Along with the list of documents mentioned above, the bank may ask for additional loan against property documents based on the applicants profile.