Loan Against Property

Salaried :

Eligibility Criteria:-

• Minimum age of applicant: 22 years
• Maximum age of applicant at loan maturity: 58 years (60 years for Govt Employee)
• Minimum Net salary Rs. 20000/- per month for Government Employee.
• Minimum Net salary Rs. 25000/- per month for Private Sector Employee.

Self-employed : Self – employed individuals, Sole proprietorship, Partnership firms, LLP, Pvt Ltd companies, OPC (one Person Company) & Closely held limited companies.

Eligibility Criteria:-

• Minimum age of applicant: 22 years
• Maximum age of applicant at loan maturity: 65 years
• Years in business: Minimum 4 years with at least 2 years in same business.
• Minimum Annual Income: ₹ 2, 00,000 p.a. for Tier 1 & 2 & ₹ 1,50,000 p.a. for Tier 3 & 4 locations.  

DOCUMENTATION

Whether you are a salaried individual, self-employed individual, partnership firm or private limited company, we have a loan designed to suit your requirement.

Documents required

Salaried Individuals:

• Proof of Identity & Address - Any one of  / (Postpaid Telephone Bill, Electricity Bill– not more than two months old / Voters Card/ Drivers Licence / Employers Card.
• Latest Bank Statement / Passbook (where salary/income is credited for the past 6 months).
• Latest 3 Months Salary Slip with all deductions & Form 16 for the last 2 years
• Copies of all Property Documents.
• In case of any existing loan, need to submit sanction letter, payment track record etc.

Self Employed/Business/Self Employed professionals:

• Certified Financial Statement for the last 2 years
• Proof of Identity & Address - Any one of / Postpaid Telephone Bill, Electricity Bill – not more than two months old / Voters Card/ Drivers Licence / Employers Card.
• Latest Bank Statement / Passbook (where salary/income is credited for the past one year - (both savings and current).
• Copies of all Property Documents.
• In case of any existing loan, need to submit sanction letter, payment track record etc.
• Sales deed/ agreement (executed)
• Company registration license
• Last 3 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant
• Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable
• Professional Degree Certificate: (in case of professionals)
• Investment proof (if any): fixed deposit, fixed assets, shares, etc.
• Passport size, coloured photograph