Deutsche Bank Loan Against Property

Loan Against Property

One of the leading banks in India, Deutsche Bank offers loan against your residential or commercial property. You can use your own property and fulfill all your desires like higher education, paying off old debts, starting a new business, higher education or abroad travelling, etc. The bank offers the mortgage loan at floating rate of interest ranging from 11.75% to 13.00% p.a for tenure period of up to 15 years.

Here you will know all the details about Deutsche Bank loan against property.

Deutsche Bank Loan Against Property Details

ParticularsDetails
Interest rate11.75% to 13% per annum
Loan AmountUp to Rs. 10 Crores
TenureUp to 15 years
Processing feeUp to 2% of the loan amount
Prepayment chargesNIL

How to Apply

To apply for a loan against property at Deutsche bank, you have to submit above mentioned documents as per the eligibility and submit it to the nearest bank branch.

Loan Against Property EMI Calculator

To know the total interest outgo, total amount, EMIs at the rate of interest ranging from 11.75% to 13% for the tenure period of 15 years, refer to the table given:

Table for EMI per month, Total Interest Outgo, and Total Amount

Amount (in Rs.)Interest Rate (p.a)Loan Tenure (in years)EMI (in Rs.)Total Interest Outgo (in Rs.)Total Amount (Principal + Interest) (in Rs.)
10,00,00,00011.75% 13%188,73,188-89,31,72864,78,255-71,80,73110,64,78,255-10,71,80,731
10,00,00,00011.75% 13%246,95,681-47,54,1821,26,96,341-1,41,00,37411,26,96,341-11,41,00,374
10,00,00,00011.75% 13%333,09,503-33,69,3951,91,42,113-2,12,98,22711,91,42,113-2,12,98,227
10,00,00,00011.75% 13%426,21,125-26,82,7502,58,14,023-2,87,71,98012,58,14,023-12,87,71,980
10,00,00,00011.75% 13%522,11,832-22,75,3073,27,09,925-3,65,18,43813,27,09,925-13,65,18,438
10,00,00,00011.75% 13%619,42,043 -20,07,4113,98,27,096-4,45,33,55713,98,27,096-14,45,33,557
10,00,00,00011.75% 13%717,51,932-18,19,1964,71,62,260-5,28,12,49214,71,62,260-15,28,12,492
10,00,00,00011.75% 13%816,11,579-16,80,7265,47,11,622-6,13,49,64915,47,11,622-16,13,49,649
10,00,00,00011.75% 13%915,04,360-15,75,3596,24,70,896-7,01,38,74716,24,70,896-17,01,38,747
10,00,00,00011.75% 13%1014,20,295-14,93,1077,04,35,351-7,91,72,88817,04,35,351-17,91,72,888
10,00,00,00011.75% 13%1113,53,029-14,27,6117,85,99,847-8,84,44,62417,85,99,847-18,84,44,624
10,00,00,00011.75% 13%1212,98,326-13,74,6258,69,58,880-9,79,46,03518,69,58,880-19,79,46,035
10,00,00,00011.75% 13%1312,53,248-13,31,2109,55,06,627-10,76,68,80119,55,06,627-20,76,68,801
10,00,00,00011.75% 13%1412,15,696-12,95,26410,42,36,990-11,76,04,28220,42,36,990-21,76,04,282
10,00,00,00011.75% 13%1511,84,131-12,65,24211,31,43,645-12,77,43,59021,31,43,645-22,77,43,590
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Amortization Table

YearPrincipal (in Rs.)Interest (in Rs.)Balance Amount (in Rs.)
125,96,450-23,17,7811,16,13,122-1,28,65,1239,74,03,550-9,76,82,219
229,18,512-26,37,7111,12,91,060-1,25,45,1939,44,85,038-9,50,44,508
332,80,522-30,01,7981,09,29,050-1,21,81,1069,12,04,516-9,20,42,710
436,87,433-34,16,1451,05,22,139-1,17,66,7598,75,17,083-8,86,26,565
541,44,820-38,87,6841,00,64,752-1,12,95,2208,33,72,263-8,47,38,881
646,58,938-44,24,31195,50,634-1,07,58,5937,87,13,325-8,03,14,570
752,36,829-50,35,01089,72,743-1,01,47,8947,34,76,496-7,52,79,560
858,86,400-57,30,00483,23,172-94,52,9006,75,90,096-6,95,49,556
966,16,544-65,20,93275,93,028-86,61,9726,09,73,552-6,30,28,624
1074,37,253-74,21,03367,72,319-77,61,8715,35,36,299-5,56,07,591
1183,59,762-84,45,37458,49,810-67,37,5304,51,76,537-4,71,62,217
1293,96,699-96,11,11248,12,873-55,71,7923,57,79,838-3,75,51,105
131,05,62,257-1,09,37,75836,47,315-42,45,1462,52,17,581-2,66,13,347
141,18,72,387-1,24,47,52323,37,185-27,35,3811,33,45,194-1,41,65,824
151,33,56,678-1,41,79,3858,64,545-10,17,217

Eligibility Criteria

For SalariedFor Self-employed
Minimum Age – 23 years
Maximum Age – 65 years or retirement, whichever is earlier
Minimum Gross Annual Income – 5,00,000/-
Minimum Age – 23 years
Maximum Age – 65 years
Minimum Gross Annual Income – 5,00,000/-

Documents Required

DocumentationSalaried Self-employed
FinancialsLast 3 months salary slip
Form 16 or ITR
Last 6 months bank statement
Last 2 years ITR
Last 2 years balance sheet showing Profit & Loss Account duly attested by CA
Last 3 years business proof
Last 6 months bank statement
Nature of business proof
Identity Proof (any one)Passport
PAN Card
Voter ID Card
Driving License
Job card issued by NREGA duly signed by a Government official
Aadhar Card
Passport
PAN Card
Voter ID Card
Driving License
Job card issued by NREGA duly signed by a Government official
Aadhar Card
Address Proof (any one)Passport
PAN Card
Voter ID Card
Driving License
Job card issued by NREGA duly signed by a Government official
Aadhar Card
Passport
PAN Card
Voter ID Card
Driving License
Job card issued by NREGA duly signed by a Government official
Aadhar Card
Signature Proof (any one)Passport
Banker's certificate
Driving License
PAN Card
Passport
Banker's certificate
Driving License
PAN Card
Age Proof (any one)Passport
PAN Card
Voter ID Card
Driving License
Job card issued by NREGA duly signed by a Government official
Aadhar Card
Passport
PAN Card
Voter ID Card
Driving License
Job card issued by NREGA duly signed by a Government official
Aadhar Card
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Features & Benefits of LAP

Here are some of the main features of the mortgage loan scheme of Deutsche Bank:

  • Loan against commercial property
  • Loan against residential property
  • Higher loan amount ranging from  Rs. 10 lakhs to Rs. 10 Crores
  • Loan up to 75% of the market value of your residential property
  • Flexible tenure up to 15 years
  • Interest rate 11.75% p.a. onwards
  • Insurance Plan for your LAP
  • Zero prepayment charges
  • Minimum documentation
  • Quick loan approval

Deutsche Bank Loan Against Property Interest Rate

Deutsche Bank offers one of the lowest interest rates on the mortgage loans and as a result, it is one of the most chosen banks for the loan against property. The bank offers the loan against property with the interest rate starting from 11.75% to 13.00% per annum.