Star Loan Against Property

Loan Against Property

  • Reducible Overdraft facility upto Rs.1500.00 lacs is available
  • Maximum repayment tenure up to 180 months
  • EMI starts from Rs.1268/- per lakh
  • Holiday/Moratorium period up to 6 months
  • Takeover/Balance Transfer facility with additional Loan amount

Advantages

  • Minimal documentation
  • Low interest rate
  • No hidden charges
  • No prepayment penalty

Loan Against Property

  • Resident Indian/NRI/PIO are eligible
  • Individuals: Salaried/Self-employed/Professionals
  • Regular and confirmed Employees / individuals with high net worth Professionals, self-employed and people engaged in trade, commerce and business, engaged in business / profession for a minimum period of 3 years.
  • Individuals in permanent service - Max. 60 years or Retirement age whichever is earlier.
  • For self-employed / non-salaried people, sanctioning authority may relax the age limit by 10 years i.e. upto 70 years.

Documents

For Individuals

  • Proof of identity (any one): PAN/Passport/Driver Licence/Voter ID
  • Proof of Address (any one): Passport/Driver Licence/Aadhar Card/ Latest Electricity Bill/Latest Telephone Bill/Latest Piped gas bill
  • Proof of Income (any one):
  • For Salaried : Income Proof, latest salary certificate. salary slip from employer showing name, designation, salary details of deductions and copies of income tax returns of last 3 years together with latest income tax assessment order and advance tax challans of current year and Income Tax Return for last 3 Years.
  • Employer's certificate about birth date, age, Date of joining, likely date of retirements, etc.
  • For Self-employed: In case of Businessman: copies of financial statement (preferably audited) & Income tax returns for last three years together with copy of latest income tax assessment order and advance tax challans of current year.
  • Undertaking Regarding Purpose of Loan

Loan Against Property

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

Loan Against Property

Rate of Interest (ROI)

  • ROI is linked with CIBIL Personal Score (in case of individuals)
  • ROI starting from 11.25% per lakh
  • ROI is calculated on daily reducing balance

Charges

  • PPC For Individuals: For Loan (Repayable by instalments) - One time @1% of sanctioned loan amount Min Rs. 5,000/- and Max Rs.50,000/-
  • For Mortgage OD (Reducible).
  • (a) 0.50% of the Sanctioned limit min. Rs. 5,000/- and max Rs. 30, 000/- for 1st year at the time of original sanction.
  • (b) 0.25% of the Reviewed limit min. Rs. 2,500/- and max Rs. 15, 000/ for subsequent years.
  • Other Charges: Document stamp charges, advocate fees, architect fees, Inspection charges, CERSAI charges etc., on actual basis.

Mortgage Fee

  • Limits upto Rs. 10.00 lakhs – Rs. 5000/- plus GST.
  • Limits exceeding Rs. 10.00 lakhs & upto Rs. 1.00 crore - Rs. 10000/- plus GST.
  • Limits exceeding Rs. 1.00 crore & upto Rs. 5.00 crore - Rs. 20000/- plus GST.

Loan Against Property

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

Loan Against Property

Downloadable documents for Loan Against Property application to be submitted by the applicant.

Loan Against Property

*Terms & Conditions apply. For further details, Please contact your Nearest Branch