eligibility criteria and documents required for loan against property

Loan Against Property Leverage the property value for your needs

Higher Loan Amount | Longer Tenure | No Hidden Charges

Loan Against Property Eligibility & Documents

Important factors to consider before applying for a loan

Enjoy easy access to our loan against property offering that is tailored to meet your financial requirement. These loans entail a simple eligibility criterion and minimal paperwork, thereby making it an easy and quick process.

Eligibility Logo

Know your Eligibility Criteria

Arrow Logo
Salaried Individuals Self-Employed Individuals Firm / Company
Eligible Borrowers Salaried Individuals working with LLP / Private Limited / Public Limited Companies
  • Proprietor / Partners / Directors
  • Self Employed Professionals like Chartered Accountant, Company Secretary & Doctors
Partnership or Private Limited companies engaged in Manufacturing, Servicing or Trading
Age Applicant must be a minimum of 25 years at the time of Loan application and should be a maximum of 65 years at loan maturity. Applicant must be a minimum of 25 years at the time of Loan application and should be a maximum of 65 years at loan maturity. Proprietor / Key Partner / Key Director should be a minimum of 25 years at the time of loan application and should be a maximum of 65 years at loan maturity.
Income Net monthly take-home salary should be 25,000 Gross annual income should be a minimum of 3 Lakhs Annual turnover should be a minimum of 10 Lakhs
Experience / Vintage 1 Year of total experience and 2 months with current employer.
  • Should be in the same business for last 3 years
  • Professionals with qualification of CA / CS / Doctor with minimum 1 year of practice.
Business stability / Vintage of minimum 3 years in the same business.
Citizenship Individuals with Indian Citizenship Individuals with Indian Citizenship Proprietor / Partners / Directors with Indian Citizenship
Document Required Logo

Documents Required for Loan Against Property*

Salaried Individuals Self-Employed Individuals Firm / Company
Identity Documents PAN Card, Aadhaar Card PAN Card, Aadhaar Card
  • Firm/Company PAN Card, GST Registration Certificate (If applicable) and Other Applicable Registration
  • KYC of Partners / Directors PAN Card and Aadhaar Card
Address Proof
  • Electricity bill for owned premises
  • Rent agreement for Rented premises
  • Passport
  • Electricity bill for owned premises
  • Rent agreement for Rented premises
  • Passport
  • Electricity bill for owned premises
  • Rent agreement for Rented premises
  • Passport for Partner / Directors
Income Documents Salary slip of the latest month
  • Income Tax Returns along with computation for the latest 2 years
  • Profit/Loss statement and balance sheet for the latest 2 years
  • Income Tax Returns along with computation for the latest 2 years
  • Profit/Loss statement and balance sheet for the latest 2 years
  • GST Returns
Bank Account Statement Salary credit bank account statement of latest 3 Months Operative bank account statement for the latest 6 months. Operative bank account statement for the latest 6 months.
Property Documents If already finalised along with legal & technical clearance of the property.

*The above list is indicative and additional documents may be required during the processing of your application.

Apply for Loan Against Property Online in 5 Easy Steps Arrow Logo

Semi Circle Logo
Laptop Logo
Apply
Online

Apply Online

Fill a simple online form with basic details.

Semi Circle Logo
Document Required Logo
Upload
Documents

Upload Documents

Submit your KYC, Income Documents, and Bank Account Statements along with a copy of Property Documents.

Semi Circle Logo
Verfied Logo
Verification

Verification

Quick assessment of your documents and property inspection.

Semi Circle Logo
timer logo
Quick
Approval

Quick Approval

Get your loan approved with a hassle-free and quick process.

Semi Circle Logo
Payment Confirmation logo
Easy
Disbursal

Easy Disbursal

That’s it! Your loan gets instantly disbursed.

Locate Our Offering Arrow Logo

Our Loan Against Property are available at

Related Products for you Arrow Logo

Insightful Blogs Arrow Logo

Loan Against Property
Advantages of Loan Against Property.

A Loan against property is a secured loan granted when you offer your existing residential or commercial property as collateral. These loans are sanctioned by housing finance companies and banks, usually at a lower rate of interest than other traditional forms of loans.

Home Loan
5 important things to keep in mind when availing a Loan against property

With the number of Covid-19 cases gradually coming down in India and the possibility of regional lockdowns easing and opening of the business markets, the need for finances or capital needs towards personal or business commitments will start seeing an uptick in credit demands from individuals and self-employed people.

Contact Us logo Get a Call Back Apply Now logo Apply Now