This is another type of loan against property (LAP) in which the drawing power (DP) keeps reducing in proportion to principal payment of the limit. At the end of loan tenure, the DP becomes zero. It allows you to deposit or withdraw funds as per your convenience and you need to pay interest only for the funds utilized. Thus it has the flexibility of normal banking account. Like a normal LAP, DOD is financed against property and the DP is based on the value of property financed. DOD is of two types – fixed principal repayment and variable principal repayment.
Retail Prime Lending Rate:(Non Housing) 12.20%
| Loan Slab | Dropline Over Draft Interest Rates (% p.a.) | |||||
|---|---|---|---|---|---|---|
| All Loans | 9.35 to 9.75 | |||||
Avail Total Loan Solution's loan against property(LAP) for your personal or business needs. Both residential and commercial properties can be mortgaged for availing a loan against property. Total Loan Solution provides a smooth & hassle-free LAP to both salaried and self-employed individuals. Total Loan Solution’s loan against property is a simple solution to your financial needs.
Retail Prime Lending Rate:(Non Housing) 12.20%
| Loan Slab | Home Loan Interest Rates (% p.a.) | |||||
|---|---|---|---|---|---|---|
| Self Occupied Residential Property | 9.35 to 9.75 | |||||
| Non - Self Occupied Residential Property | 9.85 to 11.00 | |||||
The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the specific repayment scheme as may be opted and any other terms which may be applicable based on prevalent norms of Total Loan Solution.
| Loan Slab | Home Loan Interest Rates (% p.a.) | |||||
|---|---|---|---|---|---|---|
| Commercial Property | 9.85 to 12.25 | |||||
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