RBL Bank Loan Against Property

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RBL Bank offers loans against properties, be it residential or commercial. These properties act as collateral or security to the loan availed. Taking a loan on commercial property can help you carry out your business on a larger scale and plan huge investment with the aim of substantial benefits. These loans are in the form of overdrafts or EMIs. It has a drop line overdraft facility for self-employed against the property which is an overdraft facility against property.

At loanbaba.com, you can access free-to-use RBL bank loan against property EMI calculator, check your RBL bank loan against property eligibility, compare loan against property interest rates in RBL bank. You can apply for loan against property online on RBL's official website. These loans may also be used for purposes of repayment of pending credits. A strict documentation is necessary in order to put your property on mortgage and avail the loans.

These loans can be availed by the sole proprietors, salaried individuals, self-employed professionals, partnership firms, public limited companies and private limited companies. Applying for loans at RBL Bank requires minimal efforts since the application can directly be made online from home or office. Thus, the applicants can apply for the loan at any point of the day.

Loan against property by RBL Bank – Features

  • The bank offers long-term loans against properties for up to 15 years.
  • The repayments of these loans can be made at minimal interest rates and are pretty affordable to repay.
  • The age of the applicant should be at least 23 years while it should not go beyond 60 years. The self-employed individuals acting as applicants should be earning a net profit and ITR of at least Rs 1,50,000 per year.
  • The loans can be opted for a maximum amount of Rs 10 crore.

These loans help the property owners determine the real value of their property. There are no constraints on using the loan amount till it's for a legal purpose. The borrowers may want to buy a new house, make a new investment, invest in kids’ education, marriage, etc. through the credit. The business owners may want to make a huge investment in a business or might opt for purchasing another property with the perspective of expansion or long-term gain of the business.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of RBL Bank.