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DCB loan against property eligibility calculator India Sep 2017

Last Updated 05th Sep 2017

Development Credit Bank Loan Against Property Eligibility Calculator

Eligibility Conditions Salaried Self Employed
Age 21 - 60 years 21 - 65 years
Rate of Interest 10.50% 10.50%
Lowest EMI Per Lakh Rs. 1,105 Rs. 1,105
Maximum Loan Amount Rs. 2,500,000 Rs. 2,500,000
Maximum Tenure 15 years 15 years
Loan Against Property Eligibility Calculator
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Eligibility Criteria

Eligibility of Loan against Property depends upon different factors like:

  • Applicant’s net monthly income should be at least Rs. 25,000 to get loan against property from SBI.
  • An Employee/Self-Employed/or NRI having residential or commercial property in his/her own name in India.
  • Up to 70% of the market value of property will be financed.
  • CIBIL score is reviewed to know about your repayment history on credit cards or any existing loans. So generally score required for sanction of loan is 700 or above.
  • In order to increase your loan amount or your eligibility you can add co-applicant in your loan ( your spouse, blood relatives, children, siblings).

Frequently Asked Questions

What factors determine the eligibility criteria of property loan from DCB?

The factors that determine the eligibility criteria of Development Credit Bank property loan are:-

  • Age of the applicant
  • Monthly income
  • Existing liabilities
  • CIBIL Score
  • Value of the property to be mortgaged
What should be the minimum net monthly income of the customer to get Development Credit Bank mortgage loan?

The minimum income for salaried employee to get loan against property should be Rs. 0 per month.

What is the minimum and maximum age required for Development Credit Bank loan against property?

The minimum age of the applicant should be 21 years and maximum should be 60 years for loan against property from DCB.

What is the tenure of DCB property loan?

Development Credit Bank offers property loan for a tenure upto 15 years. However, longer the loan tenure, higher will be the eligibility.

How much mortgage loan can be availed by the applicant?

An applicant can avail mortgage loan from Development Credit Bank up to 70% of the market value of the property.

Development Credit Bank Loan Against Property Eligibility Calculator
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