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Loan Details

Interest Rate

Starting from 8.45% p.a.

Processing Fee

1% of the loan amount

Prepayment

Charges

Up to 3%

Tenure

Up to 15 years

  • Eligibility Factors
  • Documents Required
  • Loan Verification Process
  • Rate of Interest

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Edelweiss Bank Loan Against Property Details
 

l Age: 25 years - 65 years

l Credit Score: N.A.

l Employment Type: Salaried or Self Employed

l Minimum Net Income (monthly): Rs.25,000

l Work Experience: Self Employed - Minimum 5 years of business track record and 2
years of profit-making

Salaried - N.A.

l Other requirements: For Self Employed - Minimum net profit of the business must be
Rs. 2 lakh p.a.


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All the applicants are required to submit the below-listed documents with the bank -

l Filled Edelweiss loan against property application form

l Recent Photographs

l ITR of previous 2 years

l Proof of Identity Proof

l Proof of Residency

l Proof of Signature Authenticity

For Self Employed:

l Proof of business establishment

l The business profile (for non-professionals)

l Last 3 years ITR (self and business)

l Last 3 years Balance Sheet and Profit/Loss

l Bank statements of the last 6 months

l Information on existing loans

For Salaried:

l Latest salary slips

l Last 6 months bank statements

l Form 16

l Details of existing loans

Identity Proof (for all borrowers)

l Driving License

l Aadhar Card

l Valid Passport

l PAN Card

l Voter ID

Proof of Residential Address (for all borrowers)

l Utility Bill

l Receipt of Property Tax

l Approved Building Plan

l Valid Passport

l Voter ID

l Registered Rent Agreement

Birth Date Proof (for all borrowers)

l Driving License

l Valid Passport

l Voter ID

l Aadhar Card

Property documents (for all borrowers)

l Registered Sale Deed

l Lease Deed

l Conveyance

l Past Sale Deeds

l Receipt of House Tax Return

l Building Plan approved by Municipal Corporation


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The loan verification proceeds in the following stages:

1. Fill the Edelweiss loan against property application form and upload it on the official website or wherever required. Submit copies of all the relevant documents required for application verification. It can be quickly done by signing up on apnapaisa.com.

2. One of our customer care representatives will get back to you within 24 hours and schedule visits for collecting document copies (in case you chose offline submission of documents).

3. The concerned officials at Edelweiss bank verify the documents and the details there. They may visit the property if necessary.

4. Once your application for loan against property is approved, the loan amount will be disbursed to your account, and you will get a copy of the duly signed loan agreement containing details of loan interest, tenure, loan amount, charges, and penalties.


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Edelweiss Bank decides the rate of interest at which the borrower gets their loan amount sanctioned. It depends on the credit history and the credit score of the applicant and co-applicants.