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Edelweiss Bank Loan Against Property
Edelweiss Bank Loan Against Property
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Edelweiss Bank Loan Against Property
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Edelweiss Bank Loan Against PropertyHere are a few factors
| Location | 75Km from Branch |
| CIBIL Score | 675+ |
| Applicant | Any Self Employed |
| Applicant Age | 21 Year to 65 Year |
| Loan Amount & Tenure | 20
Lac- 10 Cr ( 3 Year to 15 Year) |
| Login Fees | Nil |
| Rate of Interest & Type | 10.50%-13.50% (Reducing) |
| TAT | 10 days |
| Processing Fees | 1%-2% |
| Foreclosure Charges | Upto 4% |
| Insurance | As per Age |
| Minimum Business Vintage | 3 Year |
| Lock In Period | 12 month |
| Part Payment Allowed | No |
| LTV | (i) Residential-100% (ii) Commercial-100% (iii) Industrial-70% |
| Product | (i) Fresh Loan (ii) BT+Topup (iii) Commercial or Industrial Purchase (iv) Lease Rental Discounting |
| Program | (i)
Banking Program-3 Cr (ii) Income Program-10 Cr (iii) Low LTV-1 Cr (50% of Property value) (iv) RTR Program-3 Cr( After 18 month 1.10X multiplier) (v) LRD- 10 Cr |
| FOIR | 100% of Cash Profit |
| Cautious Profile | (i) Builders (ii) Real Estate (iii) Person living in dominated area (iv) Share Traders(v) Liquor Seller |
| Negative Profile | (i) Politian (ii) GYM (iii) NBFC (iv) Police (v) Advocates (vi) Salaried Person |
| Funded Property | (i)
Residential Property (ii) Commercial Property (iii) Industrial Property (iv)
Auction Property (if auction before 3 year) (v) Warehouse |
| Negative Property | (i) School (ii) Hotel & Restaurant (iii) Hospital & Nursing Home (iv) PG & Multi Tanented Unit (v) Farm House (vi) Plot |
| Accepted Collateral | Other than Negative Property |
| Specific Property wise Funding Limit | (i)
Lal Dora-20 Lac (ii) Regularized Area-20 Lac (iii) Khasra-Khatauni-20 Lac
(iv) Sub-divided Property-20 Lac (v) Stone Slab-20 Lac(v) Wihtout Map Property-20 Lac(vi) Gram Panchayat Property-20 lac (vii) Lease Hold Property without PTM-20 Lac (viii)Subject to Registry-20 Lac (ix) Gift Deed-20 Lac(x) Single Sale Deed-20 Lac(xi) Unapproved Property-20 Lac (xii) Legal & Technicalnot Clear-20 Lac (xiv) Property in Demolition List-20 Lac |
| Any Specific Product for Professionals | No |
| USP | (i) LTV upto 100% (ii) Upto 20 Lac loan any property except GPA may be accepted |
| Additional | (i) For Loan above 20 Lac only approved property is required (ii) For loan above 3 cr, Income documents is required |
Edelweiss Bank Loan Against Property EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 10 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,792 |
| Total Interest | ₹ 5,499 |
| Loan Amount + Interest | ₹ 105,499 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,076 | ₹ 2,300 | ₹ 26,376 | ₹ 75,924 | 24.08 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,929 | ₹ 3,199 | ₹ 79,128 | ₹ 0 | 100.01 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for Edelweiss Bank 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 Edelweiss Bank Loan Against Property
Unforeseen circumstances may bring external financial assistance to you at any time. In those unexpected moments, If you possess a piece of property, you may utilize it as security for loans rather than having it sit as a residual asset. If you require a significant sum of money to cover, for example, business-related costs, the consolidation of debt, a youngster's wedding, or to get out of a financial crisis, you have the option to use the ownership of your house or commercial property. You may now get money at a lower rate than a personal loan by applying for a LAP from Edelweiss.
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.
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