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Rbl Bank Loan Against Property
Emergency needs don’t arrive with an announcement. Such emergencies can take a toll on your finances, but not if you own a property. With an RBL Loan against property, you can get the true value of your property to fulfil all your personal and professional needs.Powered By
Rbl Bank Loan Against Property
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Here are a few factors
| Location | 100km from the Branch |
| CIBIL Score | 700+ |
| Applicant | Self-employed or Salaried individuals |
| Applicant Age | (i) Salaried-18 - 60 Year (ii) Self Employed-18 - 80 year |
| Loan Amount | 10 Lac to 50 Lac |
| Loan Tenure | 1 - 15 Years |
| ROI | 11%-13% |
| Type of Interest | Reducing |
| TAT | 7 days |
| Processing Charges | 1.50%+GST |
| Foreclosure Charges | 1% - 4% |
| Minimum Business Vintage | 3 Years |
Part-payment allowance | 25% after 12 months |
| LTV | (i) Residential-75% (ii) Commercial-55% |
| FOIR | Self-Employed: 90% of Income |
Required Documents for RBL LAP
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PAN Card (mandatory)
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Last 3 Month Salary Slip of Applicant
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Identity Card
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Address Proof
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Business continuity proof
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Passport Size Photographs
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Collateral related documents
Required Eligibility for RBL LAP
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Having a Co-applicant is mandatory
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The age of the applicant must be 18 - 60 years if salaried and 18 - 80 years for self-employed
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The minimum business vintage of the applicant must be 3 years
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Self-employed and salaried individuals both can apply
About RBL Affordable Loan Against Property
RBL Loans against property are ideal products for those in urgent need of finances. This loan scheme covers all types of Residential, Commercial, and industrial properties. With this Loan against property, the borrower can avail a value of upto 75% on residential and 55% on commercial property. With attractive interest rates and minimal documentation, this Loan against property can help you in your hard times.
FREQUENTLY ASKED QUESTIONS
The interest rates of RBL Loan against property are 11% onwards
Yes, it is mandatory to have a Co-applicant while applying for a Loan against property with RBL.
LTV value for salaried people on the RBL loan against property is 75% of the property value.
Yes, the foreclosure charges on RBL loan against property are 1% - 4%
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