Consumer Loan Against Property (C-LAP)

Overview

Aiming to expand your existing business? Need money for asset acquisition or short-term capital expenditure? With DBS Bank, Asia’s Safest Bank*, easily secure funds by getting a long-term loan of up to ₹1Cr against your property's value. Leverage your residential or commercial real estate assets to raise funds without the need to sell.

Additionally, you can also avail our Overdraft facility to fulfil your business’s working capital needs.

*Awarded by Global Finance, 2009-2023.

At a Glance

As a self-employed manufacturer, retailer, trader or professional, balancing daily operations and business growth can be challenging. Access to financing is essential when opportunities arise. That's why DBS Bank offers Consumer Loan against Property, EMI-based Business Loans to meet your funding needs with minimal paperwork. Use the loan to grow your business over the full term or opt for early closure.

Features and Benefits

Loan Amounts: Avail loan amount ranging from ₹10.01 Lakhs up to ₹1 Crore.

Repayment Options: Enjoy flexible loan tenures from 36 to 180 months, allowing you to repay the loan as per your convenience.

Balance Transfer: Transfer your existing loans to DBS Bank and get additional financing with ease.

Property Types: Secure your loan with residential or commercial, properties as collateral.

Minimal Documentation: Simplified access and requirements

Usage: Utilize funds for diverse business purposes such as general business purpose, asset acquisition, stock purchase, as well as for your personal needs.

Interest Rates

Consumer Loan Against Property (Term Loan/ Overdraft): 10% - 18% p.a.(Linked to Repo rate)

The interest rates will vary based on various parameters such as the Bureau Score, Segments, etc.

Current Repo rate is 6.25%.

For display of information related to rates of C-LAP and Annual Percentage Rate (APR), Click here

Fees & Charges

Processing Fees

Consumer Loan Against Property: Up to 3% of Sanction Loan amount + GST as applicable

Overdraft: Up to 1% of limit amount + GST as applicable

Initial Application Login Fee of ₹4000 + GST as applicable to be collected at login stage. Fee is non-refundable in nature.

Other Charges

For further details, Click here.

Indicative Document Checklist:

To apply for a Consumer Loan Against Property, you need to submit the following documents for all applicants/co-applicants along with the completed and signed Application Form.

1. Application form (Including photographs) duly signed by all applicants and Guarantor.
2. KYC Documents as per Bank KYC norms.
3. Business Proof.
4. Udyam Registration Certificate (Applicable for MSME).
5. Latest 12-month bank statement and the EMI repayment bank statement.
6. A cheque for processing fee favouring DBS Bank India Limited.

Property Documents

1. Title Deeds with all the previous chains of property documents/agreements

Other important documents

1. Declaration and documents stating the end use of the loan.
2. Relevant financial documents – Last 2 Years ITR, P & L and Balance Sheet, etc (basis availability).

This list covers common requirements, but DBS Bank may request additional documents based on credit policies at the time of application. For more details, please consult your Relationship Manager or visit a DBS Bank branch.

Terms and Conditions apply

• Approval is at the sole discretion of DBS Bank and subject to all checks and verification found satisfactory as per Bank’s policy.

The customer shall ensure that any updates or changes in residence, contact information, or business details submitted to the bank at the time of availing the loan facility, and thereafter as necessary, are provided to the bank within 30 days for the purpose of updating the bank's records.

How to apply for this loan?

Currently the product is live in limited branches. Click here for Consumer Loan Against Property branch list.

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MSME Guidelines

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