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DMI loan against property
DMI Loan Against property accepts houses/residential property as collateral for secured loans to self-employed individuals for business and personal needs.
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DMI loan against property
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DMI loan against propertyHere are a few factors
| Location | 50km from Branch |
| CIBIL Score | 670+ |
| Applicant | Any Salaried or Self Employed |
| Applicant Age | 21 Year to 65 Year |
| Loan Amount & Tenure | 5
Lac-75 Lac (5 Year to 15 Year) |
| Login Fees | 5900 |
| Rate of Interest & Type | 14% to 18% (Reducing) |
| TAT | 4 Days |
| Processing Fees | 1.5% to 2% |
| Foreclosure Charges | Upto 4%+GST |
| Insurance | As per Age of Applicant |
| Minimum Business Vintage | 1 year |
| Lock In Period | 12 Month |
| Part Payment Allowed | No |
| LTV | 1.
If Self Occupied Property (i) Residential Property-65% (ii) Commercial
Property-65% (iii) Industrial Property with Light Machinery-50% 2. In case of Rented or Vacant Property - LTV will be 5% less |
| Product | (i) Fresh LAP (ii) BT+Top UP (iii) Seller BT |
| Program | (i) LIP Program-75 Lac (ii) Banking Program-75Lac (iii) Income Program-75Lac (iv) without ITR-30 Lac |
| FOIR | 60% of Cash Income |
| Cautious Profile | Advocates |
| Negative Profile | (i) Share Traders (ii) NBFC (iii) Politician (iv) DSA Profile (v) Liquor Seller (vi) Gym |
| Funded Property | (i)
Residential Property (ii) Commercial Property (iii) Industrial Property (iv)
Subject to Gift Deed (v) Subject to Sale Deed (vi) Khasra Khatauni (vi) Multi Tanented Unit-Upto 10 Tanent(vii) Lal Dora (viii) Sub-divided Property (ix) Resi Cum Nursing Home (x) Regularized Colony (xi) Stone Slab Property (xii) Gram Panchayat Property |
| Negative Property | (i)
School (ii) Hospital (iii) Hotel (iv) Plot (iv) Lease hold Property without
PTM (v)Industrial Property with heay machine (vi)Stand Alone Basement (vii) Auction Property (viii) Malls (ix) Godown (x) Demolition List Property (xi) Bachha Flat |
| Accepted Collateral | Other than Negative |
| Specific Property wise Funding Limit | On All specific Property upto 75 Lac |
| Any Specific Product for Professionals | No |
| USP | Without ITR funding upto 30 Lac |
DMI loan against property EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 14 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,979 |
| Total Interest | ₹ 7,745 |
| Loan Amount + Interest | ₹ 107,745 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,711 | ₹ 3,226 | ₹ 26,937 | ₹ 76,289 | 23.71 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,291 | ₹ 4,520 | ₹ 80,811 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for DMI Loan Against Property
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
About DMI BankLoan Against Property
DMI Loan Against Property, where your financial goals and the value of your property match We are aware that your property serves as more than simply a spot to live; it is a valuable asset that may help you achieve your goals.
You are more than simply a borrower while working with DMI Loan Against Property; you are a valued partner. Whether you want to develop your business, pay for higher education, pay off debt, or reach any other financial goal, we're here to turn the potential of your property into real prospects for success.
With a DMI Loan Against Property, you may open the doors to your goals. Let us assist you in utilizing your property as a success catalyst. To find out how we can help you achieve your financial goals, get in touch with us right now.
The National Housing Bank has DMI Housing Financing Private Limited listed as a registered housing finance
firm (NHB). Particularly for individuals in the lower income and economically underdeveloped groups, they
provide hassle-free, straightforward house loans. Their loans can be used to buy apartments and build plots,
renovate existing houses, add on to them, or give salaried and self-employed people secured loans against
their properties.
DMI allows self-employed people to keep their property or house as collateral for taking a loan for their
personal or business needs. Thus, the individual can use this loan to expand their business by keeping their
property as collateral. This way, a property that may not be coming under use can be used to get a loan.
Advantages of DMI Loan Against Property
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Quick and easy loan approvals
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Longer loan tenures
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Attractive interest rates
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Lowest processing fee of 0.50%
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Loans for both residential and commercial properties
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Flexible loan repayment options
Factors affecting DMI Loan Against Property
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Factors affecting DMI Loan Against Property
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Factors affecting DMI Loan Against Property
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You professional: if you are a salaried employee, the interest rates will be lower compared to the self-employed or businesspeople.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
Yes, the borrower must possess at least one document of all the different proofs like Identity proof, Address proof, age proof, etc. These documents are necessary for the loan process to be escalated.
Yes, DMI is registered under Non-Banking Financial Companies (NBFCs). Thus they are being regulated by the Reserve Bank of India. Therefore, there is no risk of taking a loan from it.
To apply for DMI Loan Against Property, the borrower must submit his property or house as collateral to the company. Based on the value of the property mortgaged, the loan will be disbursed.
Though the maximum limit for DMI Loan Against Property is Rs 75 Lakh to Rs 1 crore, but in some special cases, the limit may get extended to 10 crores as well
No, DMI offers the DMI Loan against property for only 70% of the total market value of the property kept as mortgage for the loan. They would not exceed this value.
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