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Loan Against Property

for Home Renovation / Personal Emergency / Marriage / Dream Vacation / Business Expansion / Debt Consolidation / Pay own contribution to purchase another asset

Loan Against Property

A Loan Against Property (LAP) is a secured loan that is sanctioned keeping your owned asset as mortgage with the lender. This asset can be either your owned house, or your any other commercial premise. The asset remains as collateral with the lender until the entire loan against property amount is repaid. Banks & NBFC’s provide LAP for Salaried as well as Self-Employed individuals. Interest rate and loan amount differs & depends on work profile, qualification & income / employer profile / nature of business / vintage of business / property type & valuation / annual income & profitability of the business / cash flow.

LAP Loans ( residential / commercial ) can be availed for multiple purposes like : Home Renovation / Personal Emergency / Marriage / Dream Vacation / Business Expansion / Debt Consolidation / Pay own contribution to purchase another asset. This segment is useful to raise money in easiest way for above requirements.

Loan Against Property
DOCUMENTS REQUIRED ( FOR APPLICANT & CO-APPLICANT )

LOAN AGAINST PROPERTY (SALARIED INDIVIDUAL)

  • Pan Card and Aadhar Card
  • Photo Applicant & Co-Applicant.
  • Proof of identity
  • Current & Permanent residence address proof
  • Qualification Proof
  • Latest 2 Financial Year Form 16
  • Latest CTC (Cost to Company)
  • Latest 6 Months salary slip
  • Salary account Bank statement for 6 Months (updated)
LOAN AGAINST PROPERTY ( SELF EMPLOYED PROFESSIONALS )
  • Pan Card and Aadhar Card
  • Photo Applicant & Co-Applicant.
  • Proof of identity
  • Current & Permanent residence address proof
  • Qualification Proof
  • Company profile & Office proof
  • Latest 3 years ITR (with all schedules – CA Certified)
  • Current & Saving Bank statement for 1 year (updated)
LOAN AGAINST PROPERTY ( SELF EMPLOYED CUSTOMER )
  • Pan Card and Aadhar Card
  • Photo Applicant & Co-Applicant.
  • Proof of identity
  • Current & Permanent residence address proof
  • Company profile & Office proof
  • Latest 3 years ITR (with all schedules – CA Certified)
  • Current & Saving Bank statement for 1 year (updated)
LOAN AGAINST PROPERTY ( NRI – Non Resident Indian )
  • Pan Card and Aadhar Card
  • Photo Applicant & Co-Applicant.
  • Proof of identity
  • Passport & Valid Visa
  • Overseas residence & Permanent (Indian) residence address proof
  • Qualification Proof
  • CBR report (Credit Bureau Report)
  • Latest Contract Letter & Latest CTC (Cost to Company)
  • Latest 6 Months salary slip
  • Overseas Salary account Bank statement for 6 Months (updated)
  • NRE / NRO bank statement for 6 Months (updated)
LOAN AGAINST PROPERTY ( NRI – Merchant Navy )
  • Pan Card and Aadhar Card
  • Photo Applicant & Co-Applicant.
  • Proof of identity
  • Passport & Valid Visa
  • Current & Permanent residence address proof
  • Qualification Proof
  • Latest Contract Letter & Latest CTC (Cost to Company)
  • CDC – Continuous Discharge Certificate (For Latest 3 Years)
  • NRE / NRO bank statement for 6 Months (updated)