CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
Have any queries? Click here for more details
All written queries will be responded within 1 working day.
We'd love to help you through every step along the way.
RBL Bank provides loans against property with convenient loan repayment options of up to 180 months. Both residential & commercial properties are accepted as collateral. Minimal documentation and faster approvals. Check offer now through CreditMantri!
Currently not available! for similar products
RBL Bank is one of India’s oldest banks which was incorporated in 1943. It offers an array of specialized services and banking products in the wholesale and retail sector. It has a network of 197 branches across India.
Not everyone is financially settled in life. Everyone, at some point or the other, needs that much needed support in the form of a loan, credit card etc. Unexpected situations can crop up any time of your life - be it loss of a job, or to fund a business. With a Loan against Property from RBL Bank, you can now source funds at a cheaper cost than taking a personal loan.
You can avail a maximum loan of up to Rs. 10 Crores by pledging your property with RBL, subject to property value, your income etc.
Enjoy flexible loan tenures of up to 180 months.
Both residential and commercial properties are accepted as collateral for availing a loan against property.
RBL Loan Against Property interest rates
Enjoy fixed rate of interest at competitive rates in the market.
Balance transfer facility:
You can transfer your existing Loan Against Property from any other financial provider to RBL and avail of additional refinance along with a better interest rate.
The following people or groups can avail a loan against property:
The Applicant should be a Resident Indian
Eligibility criteria for Salaried Individuals:
Eligibility criteria for Self-Employed Individuals and Professionals
For the Salaried:
For Self-Employed Individuals / Sole Proprietorships:
For Self-Employed Professionals:
For Partnership Firms / Private Limited Companies
What kind of property can I pledge in order to avail Loan Against Property from RBL Bank?
Both Residential and Commercial property can be pledged for Loan Against Property from RBL. The property may be self-occupied or rented. Mixed use property is also acceptable. Keep in mind that the title deed of the property should be in your name.
What is the loan amount that can be disbursed as a proportion of the value of the property?
The loan amount would depend on the type of property, its use, as well as prevailing market rates. For a Self-Occupied Residential property, up to 65% of the market value of the property would be disbursed after successful verification and approval.
Is there an option to prepay Loan Against Property earlier? What are the charges?
The loan can be prepaid after you have paid 6 EMIs. No foreclosure is allowed before that. Standard foreclosure charges apply plus service taxes.
Are there any benedit to having a Current/Saving Account with RBL Bank for my Loan Against Property?
Yes, you get the benefit of easier documentation and faster approval process since you are already an existing customer. You can also avail of the convenience of paying your EMIs through Standing Instructions to debit your RBL Bank Account.
RBL simplifies the processing formalities in order to facilitate loan borrowings with ease. It offers an array of finance products to suit every need and budget, and facilitates quick completion of the formalities of the loan application.
You can apply for RBL Bank Loan Against Property by approaching the bank to have a representative contact you with details. You can also call the 24 hours customer service number.
Alternatively, you could walk into an RBL Bank branch and complete the application process. You can also fill in the RBL Bank Loan Application form online to have a bank representative call you with suitable options. In order to do your RBL loan against property status check, you can contact any of their branches. Keep your application number handy.
Alternatively, if you think you need help with your loan application and advice on loan eligibility, CreditMantri can guide you through the entire process and match you with the loan offer that best suits your profile.