Loan against Property – CSB property encash
Now put the power of your property to use with “CSB Property Encash” - Loan against property.
|LOAN AMOUNT||RATE OF INTEREST (p.a)|
|Above Rs. 25 lakhs||11.99%*|
|Above Rs. 10 Lakhs up to Rs. 25 Lakhs||12.49%*|
|Up to Rs. 10 Lakhs||13.49%*|
|Eligible borrowers||Individuals (Resident & NRI), Firms, Companies, Societies etc|
|Purpose||Any legally permitted purpose|
|Loan Amount||Maximum upto ₹5 crore|
|Tenure||Maximum upto 15 years|
|Nature of facility||Term loan|
|Security||Land with or without building- Residential / Commercial.
(Agricultural land will not be taken as security).
1. 60% of the market value of residential building / flat**
2. 55% of the market value for other properties**
(**subject to loan eligibility as per financials)
|Income Proof – Salaried professionals||
1. Latest salary slip / certificate
2. Latest IT Return / Form 16
3. Latest bank statement – 6 months
1. Latest salary slip OR certificate attested by Embassy / Employer along with operating international bank account wherein the salary is getting credited.
2. Employment Contract:
a. Valid work Permit
b. Copy of Visa stamped on Passport with entry / exit seal.
c. A brief profile of the employer
|Income Proof for Self Employed professionals||
1. Latest ITR with computation for the last 3 years & financials
2. Latest bank statement – 6 months
1. Evidence of income (financials) duly attested by Sponsor
2. Operating international bank account and NRE Bank account statement for the last six months.
3. A brief profile of employer
*Conditions Apply | All loans at the discretion of the bank | Interest rates are subject to change.
To know more call CSB Phone Banking at 1800 266 9090 (8AM to 8PM)