
ABOUT LOAN AGAINST PROPERTY
Do you know that your home holds the key to your future? Whether you want to expand your business, or you need funds for your personal use, our Loan Against Property will cover all your financial needs. We offer an array of attractive options based on their specific needs along with flexible loan tenure and attractive interest rates.
What is Loan Against Property?
There are times when everyone needs a little extra funds. Whether it is for personal or business needs, with Loan Against Property, you get immediate access to money by using either your home or any other property as security. From expanding your business to buying machinery with Loan Against Property, you will never have to compromise.
Apply for a Quick Loan
KEY FEATURES
Loan Amount
₹10,00,000 – ₹7,00,00,000
Loan Tenure
12 – 180 months
Interest Rates starting at
9.00%
Application Process
-
1
Online Application
You can apply for a loan by just filling up your basic details.
-
2
Document Submission
Post receiving your loan eligibility, furnish the required documents to take your application ahead.
-
3
Verification
We will verify your loan application; and submitted documents.
-
4
Approval
Post approval, the loan is sanctioned.
-
5
Disbursal
Receive the required loan in your bank account - it's that simple!
Loan Against Property Eligibility And Documents
For Salaried Individual:
Loan Against Property Eligibility for Salaried Individual –
- Segment – Working in MNC / Public Ltd. Co/ Large Pvt. Ltd. Co./State Govt/ Central Govt. / PSU
- Age – Minimum- 25 Years and Maximum- 60 Years at loan maturity
- Income per annum – Rs 2,40,000
- Occupational Stability – Minimum 3 Years
Loan Against Property Documentation for Salaried Individual –
- Application Form – Application form to be submitted to initiate the Loan Against Property request
- Photograph
- Photo Identity Proof – A copy of your Voter ID / Passport / Driving License / Aadhaar Card
- Address Proof – A copy of your Ration Card / Electricity Bill / Passport
- Income Proof – Submit Form 16 and a copy of your bank statements for the last two months
- Salary Slips – A Copy of your Salary slips for the last two months
For Self Employed Professional:
Loan Against Property Eligibility for Self Employed Professional –
- Segment – Doctors, Architects, Chartered Accountants
- Age – Minimum- 25 Years and Maximum- 60 Years at loan maturity
- Income per annum – Rs 2,50,000
- Occupational Stability – Minimum 3 Years
Loan Against Property Documentation for Self Employed Professional –
- Application Form – Application form to be submitted to initiate the Loan Against Property request
- Photograph
- Photo Identity Proof – A copy of your Voter ID / Passport / Driving License / Aadhaar Card
- Address Proof – A copy of your Ration Card / Electricity Bill / Passport
- Income Proof – Submit Form 16 and a copy of your bank statements for the last two months
- Signature Verification
For Non Individual:
Loan Against Property Eligibility for Non Individual: –
- Segment – Firm, Pvt Ltd , Public
- Age – N/A
- Income per annum – Rs 3,00,000
- Occupational Stability – Minimum 3 Years (with two years cash profit)
Loan Against Property Documentation for Non Individual: –
- Application Form – Application form to be submitted to initiate the Loan Against Property request
- Photograph
- Photo Identity Proof – A copy of your Voter ID / Passport / Driving License / Aadhaar Card
- Address Proof – A copy of your Ration Card / Electricity Bill / Passport
- Income Proof – Submit Form 16 and a copy of your bank statements for the last two months
- Signature Verification
What are the benefits of Loan Against Property?
Loan Against Property offer benefits such as:
- Flexible repayment options
- Lower interest rates
- Tax benefits
- Quick and fast approvals
What types of properties will be considered?
Self-occupied residential property, commercial property (offices, shops etc.) and alternate property (Residential plots, schools, hospitals, Industrial property, hotels) can be considered as collaterals.
Will I get Loan Against Property if I own it along with my relatives?
Yes, you can. However, all the co-owners of the property will also have to become co-applicants of the loan.
What are the variants of Loan Against Property?
- Loans to traders for working capital needs
- Loan to manufacturers
- Lease rental income
What can I use Loan Against Property for?
Whether you needed the funds to expand your business or have to meet your personal requirements, we work with you to make sure you have the funds you need. Here are some uses for Loan Against Property:
- Personal needs
- Meet Working Capital needs
- Renovation of property
- Investments
- Asset acquisition
- Consolidation of debt
- Mortgage buyout
- Refinance of self-financed property
Can I pre-pay my loan?
Yes, you can prepay your outstanding loan amount in parts or in full.
Am I eligible for a Loan Against Property?
Whether you are salaried, self-employed or a business enterprise, we have set basic eligibility for Loan Against Property.
Parameters | Salaried | Self Employed Professionals | Self Employed Non Professionals (Indviduals) | Non Individuals |
Segment | Working in MNC / Public Ltd. Co/ Large Pvt. Ltd. Co./State Govt/ Central Govt. / PSU | Doctors, Architects, Chartered Accountants | Traders, Retailers and wholesalers | Firm, Pvt Ltd , Public |
Age | Minimum- 25 Years Maximum- 60 Years at loan maturity | Minimum- 25 Years Maximum- 60 Years at loan maturity | Minimum- 25 Years Maximum- 60 Years at loan maturity | N/A |
Income Per Month | ₹ 2,40,000 | ₹ 2,50,000 | ₹ 2,50,000 | ₹ 3,00,000 |
Occupational Stability | Minimum 3 Years | Minimum 3 Years | Minimum 3 Years | Minimum 3 Years (with two years cash profit) |
What are the documents I require for a Loan Against Property?
You only need to provide some basic documents to process your Loan Against Property.
Documents | Salaried | SEP/SENP | Non Individual |
Application Form | Yes | Yes | Yes |
Photograph | Yes | Yes | Yes |
Identity Proof | Yes | Yes | Yes |
Residence Proof | Yes | Yes | Yes |
Signature Verification | Yes | Yes | Yes |
Income Details (2 years) | Form 16 and latest 2 months salary slips | IT returns, Profit & Loss and Balance Sheet | IT returns, Profit & Loss and Balance Sheet |
Bank Statements | Latest 6 months | Latest 6 months | Latest 6 months |