About Overdraft Against Property Loan?
Overdraft Against Property is a flexible product offering Overdraft facility against residential or commercial property. It also allows you to fulfill your short term and long term business requirements, be it working capital requirement or business expansion by unlocking the potential of your property.
- Documents Required
- Benefits of OAP
- Intrest Rates
- EMI Cal
» Last 3 months' salary slips. » Bank Statement for last 9 months from salary account . » Repayment details on any existing loans or loan closure letter. » Photo Identity Proof(Voter's ID card or driving license or PAN card or photo credit card or employees ID card or defense or police or government department ID card. » Brief statement of assets and liabilities, of the Co-borrower. » Proof of Income.
» An overdraft is flexible - you only borrow what you need at the time which may make it cheaper than a loan. » You only pay for the funds you use. » It's quick to arrange. » There is not normally a charge for paying off the overdraft earlier than expected.
|Overdraft Against Property Loan Rate of Interest|
|Banks||Interest Rate||Banks||Interest Rate|
|ICICI Bank||11.50% - 17%||HDFC Bank||12.00% - 14.25%|
|State Bank Of India||9.95%||LIC Housing||10.25%|
|India Bulls||10.15%-10.75%||Allahabad Bank||10.20%-10.45%|
|Union Bank of India||10.25%||UCO Bank||10.20%|
|Punjab National Bank||10.25%||OBC||10.25%|