Loan against Property – CSB property encash

Now put the power of your property to use with “CSB Property Encash” - Loan against property.

Features

  • High loan amounts: Get up to 60%* of market value of the property. High loan value of up to Rs. 5 crores*
  • Low EMIs and easy repayment options: Our loans also come with longer repayment tenures at attractive interest rates
  • Convenience: Simple documentation and speedy processing
  • Fulfill your every need: Catered to both self-employed and salaried segments 
  • Accepted collaterals: Land with or without building, residential or commercial buildings can be accepted as collaterals
  • Customized interest rates: Our 3 tier interest rate mechanism ensures that you get the best interest rate as per your requirement. Competitive and customised interest rates starting as low as 11.99%* p.a.
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%*
PARAMETER PARTICULARS
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).
Maximum Funding

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

Resident Indians

1. Latest salary slip / certificate

2. Latest IT Return / Form 16

3. Latest bank statement – 6 months

NRIs

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

Resident Indians

1. Latest ITR with computation for the last 3 years & financials

2. Latest bank statement – 6 months

NRIs

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)