Loan Against Property

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Man Years of experience

Happy clients

Features and Benefits of Our Loan Against Property:

• High Loan Amount: Avail substantial funds based on the market value of your property.

• Competitive Interest Rates: Lower interest rates compared to unsecured loans due to the security of the property.

• Flexible Repayment Options: Choose from various repayment tenures to suit your financial capability.

• Quick Processing: Fast approval and disbursal of funds to meet urgent financial needs.

• Multipurpose Usage: Funds can be used for business expansion, education, marriage, medical expenses, etc.

• No Restriction on Property Type: Residential, commercial, or industrial properties can be pledged.

• Tax Benefits: Potential tax benefits on the interest paid under applicable sections of the Income Tax Act.

Loan Against Property Eligibility Criteria:

• Type of Property: Residential, commercial, or industrial property with clear and marketable title.

• Ownership: Applicant should be the sole owner or co-owner of the property being mortgaged.

• Age Criteria: Minimum age typically starts from 21 years and varies by lender.

• Income Stability: Stable income source with proof of income (salary slips, ITR, etc.).

• Creditworthiness: Good credit score indicating financial discipline and repayment capacity.

• Loan-to-Value (LTV) Ratio: Maximum percentage of the property value that can be borrowed varies by lender (usually up to 60-70% of the property value).

Documents Required to Apply for Loan Against Property in India:

• Identity Proof: Aadhaar Card/ Passport/ Voter ID Card/ Driving License/

• Address Proof: Aadhaar Card/ Passport/ Voter ID Card/ Utility Bills (Electricity, Water, Gas)/ Driving License

• Property Documents: Title Deed of the property being mortgaged/ Sale Deed/ Approved Building Plan (if applicable)/ Property Tax Receipts

• Financial Documents: Income Tax Returns (ITR) of the applicant for the last 2-3 years/ Salary Slips or Bank Statements showing salary credits (for salaried individuals)/ Profit & Loss Account and Balance Sheet audited by a Chartered Accountant (for self-employed individuals)

• Others: Passport-size photographs of the applicant(s)/ Duly filled loan application form/ Processing fee cheque

These documents serve as a general guideline and may vary based on the lender's specific requirements and the nature of the property being mortgaged. It's advisable to confirm the exact document checklist with the lender before proceeding with the loan application.

Features and Eligibility Requirements