LOAN AGAINST PROPERTY
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LOAN AGAINST PROPERTY
If you’re looking for fund and have a commercial or residential property.
Loan against Property is a Secured credit option sanctioned against an asset that serves as collateral.
Whether you are a Salaried individual, Businessmen, Professionals and self-employed individuals who own residential property/commercial property/or building in his/her name which are unencumbered property /self-occupation.
You can apply for a Loan against Property to raise funds for below Purpose.
- Purchasing or constructing a new house (down payment)
- Home renovation
- Purchasing high-end equipment
- Wedding event of your child
- Replenishing working capital
- Debt consolidation
- Funds for your child’s education
- Paying medical emergency.
Our experts offer you loan against residential or commercial properties at lower rates of interest as compared to other loans.
Repayment Period – Maximum Repayment tenure of 10 Year or on borrower reaching the age of 75 Years whichever is earlier.
1. 7/12 & 8 A GramPanchayat Property
2. Construction Loan
3. Pan Card & Adhar Card
4. Applicant & Co-Applicant Address Proof:
– If Own: Latest Light Bill & Index-II
– If Rental: Rent Agreement, Latest Gas Receipt, Passbook, Passport, HR Letter
5. Latest 3 Month Salary Slip
6. Latest 6 Month Bank Statement (By Salary A/C)
7. If All Loan Statement of Account (SOA)
8. If All Bank Statement 1 Year
9. Current Company Confirmation Letter
10. If Increment Letter
11. Education Proof
12. Company ID & Appointment Letter
13. If Previous Relieving Letter
14. Form No 16 Latest 2 Year with 26 AS
15. Soft + Hard Copy Photo – 2+2 Applicant & Co-Applicant
16. If Name Change – Applicant / Co-Applicant Marriage Certificate
17. Legal Document List for All Property Papers
18. If Group Kharedi Khat Certified Copy Attested by Haveli
19. If Sahmati Patra Notary Agreement
20. Agreement Copy
21. If Chain Agreement Copy
22. Latest 7/12
23. Latest Ferfar 7/12
24. Plot Layout Plan
25. Architect Plan Copy
26. Latest Zone Certificate
27. Estimate Cost Sheet
1. MSME or Udyam Certificate
2. Shop Act License
3. GST Certificate (if applicable)
4. Business Profile (if applicable)
5. Current Business Photograph
6. Income Tax Returns (ITR) for the Last 3 Years with 26 AS:
– Assessment Year (AY) 21-22 (1 Apr 2020 to 31 Mar 2021)
– AY 22-23 (1 Apr 2021 to 31 Mar 2022)
– AY 23-24 (1 Apr 2022 to 31 Mar 2023)
– If Financial Audit Report with CA Certification
7. Tentative Balance Sheet as of the Current Date with CA Certification (if applicable)
8. GST R1/3B for the Last 1 Year (if applicable)
9. Work Order or Purchase Order (if applicable)
10. Bank Statement for the Last 1 Year:
– Current Account
– Saving Account
– Cash Credit Account (if applicable)
11. All Loan Statements of Account (SOA)
12. Address Proof for Office, Shop, and Factory:
– If Own:
– Latest Light Bill
– Index II
– Latest Property Tax Receipt
– If Rental:
– Registered Rent Agreement
– Notary Agreement
– Current Account Statement as Address Proof
13. Aadhar Card and Pan Card for both Applicant and Co-Applicant
14. Passport Size Photos (2 each) for both Applicant and Co-Applicant
15. Residential Address Proof:
– If Own:
– Latest Light Bill
– Index II
– Latest Property Tax Receipt
– If Rental:
– Rent Agreement
– Latest Gas Receipt
– Passbook
– Passport
– LIC Policy
– Telephone/Mobile Bill
16. Legal Documents for All Property Papers
17. Certified Copy of Group Kharedi Khat Attested by Haveli (if applicable)
18. Sahmati Patra or Notary Agreement (if applicable)
19. Agreement Copy (if applicable)
20. Chain Agreement Copy (if applicable)
21. Latest 7/12 (Land Ownership Record)
22. Latest Ferfar 7/12 (Land Revenue Record)
23. Plot Layout Plan
24. Architectural Plan Copy
25. Latest Zone Certificate
26. Estimate Cost Sheet
Please note that the “if applicable” remarks indicate that certain documents may not be required for every applicant or situation.
1. Pan Card & Adhar Card
– Applicant & Co-Applicant
2. Address Proof
– If Own: Latest Light Bill & Index-II
– If Rental: Rent Agreement, Latest Gas Receipt, Passbook, Passport, HR Letter
3. Latest 3 Month Salary Slip
4. Latest 6 Month Bank Statement (By Salary A/C)
5. If All Loan Statement of Account (SOA)
6. If All Bank Statement 1 Year
7. Current Company Confirmation Letter
8. If Increment Letter
– Education Proof
9. Company ID & Appointment Letter
10. If Previous Relieving Letter
11. Form No 16 Latest 2 Year with 26 AS
12. Soft + Hard Copy Photo – 2+2
– Applicant & Co-Applicant
13. If Name Change
– Applicant / Co-Applicant Marriage Certificate
14. Legal Document List for All Property Papers
15. If Group Kharedi Khat Certified Copy Attested by Haveli
16. If Sahmati Patra Notary Agreement
– Agreement Copy
– If Chain Agreement Copy
17. Latest 7/12
– Latest Ferfar 7/12
18. Plot Layout Plan
– Architect Plan Copy
19. Latest Zone Certificate
20. Estimate Cost Sheet
1. MSME or Udyam Certificate
2. Shopact Licence
3. GST Certificate (if applicable)
4. Business Profile (if available)
5. Current Business Photograph
6. ITR for the Last 3 Years with 26 AS
– AY – 21-22 (Financial Year: 1 Apr 2020 To 31 Mar 2021)
– AY – 22-23 (Financial Year: 1 Apr 2021 To 31 Mar 2022)
– AY – 23-24 (Financial Year: 1 Apr 2022 To 31 Mar 2023)
7. Financial Audit Report with CA Certification (if applicable)
8. Tentative Balance Sheet as on Date with CA Certification (if available)
9. GST R1/3B for the Latest 1 Year (if applicable)
10. Work Order or Purchase Order (if relevant)
11. Bank Statement for the Last 1 Year
– Current Account
– Saving Account
– Cash Credit Account (if applicable)
12. All Loan Statement of Account (SOA) (if applicable)
13. Address Proof for Office, Shop, and Factory
– Own Property:
– Latest Light Bill
– Index II
– Latest Property Tax
– Rental Property:
– Registered Rent Agreement
– Notary Agreement
– Current Account Statement as Address Proof
14. Aadhar Card and Pan Card for Applicant and Co-Applicant
15. Passport Size Photos (2 each) for Applicant and Co-Applicant
16. Residential Address Proof
– Own Property:
– Latest Light Bill
– Index II
– Latest Property Tax
– Rental Property:
– Rent Agreement
– Latest Gas Receipt
– Passbook
– Passport
– LIC Policy
– Telephone or Mobile Bill
17. Legal Document List for All Property Papers
18. Certified Copy of Group Kharedi Khat Attested by Haveli (if applicable)
19. Sahmati Patra or Notary Agreement (if relevant)
20. Agreement Copy (if applicable)
– Chain Agreement Copy (if available)
21. Latest 7/12 (Property Ownership Document)
– Latest Ferfar 7/12
– Gunthewari Certificate
– Gunthewari Plan Copy
22. Latest Zone Certificate
23. Plot Layout Plan (if applicable)
– Architect Plan Copy (if available)
24. Estimate Cost Sheet (if available)
25. Latest Title Search Report for the Last 20 Years
1. Pan Card & Adhar Card – Applicant & Co-Applicant
2. Address Proof
– If Own: Latest Light Bill & Index-II
– If Rental: Rent Agreement, Latest Gas Receipt, Passbook, Passport, HR Letter
3. Latest 3 Month Salary Slip
4. Latest 6 Month Bank Statement (By Salary A/C)
5. If All Loan Statement of Account (SOA)
6. If All Bank Statement 1 Year
7. Current Company Confirmation Letter
8. If Increment Letter (If applicable)
9. Education Proof (If applicable)
10. Company ID & Appointment Letter
11. If Previous Relieving Letter (If applicable)
12. Form No 16 Latest 2 Year with 26 AS
13. Soft + Hard Copy Photo – 2+2 Applicant & Co-Applicant
14. If Name Change – Applicant / Co-Applicant Marriage Certificate
15. Legal Document List for All Property Papers
16. If Draft Copy * Architect Plan Copy
17. Guthewari Certificate * Gunthewari Plan Copy
18. Title Search Report
19. Agreement Copy * Latest 7/12 Copy
20. Plot Layout Plan * Latest Zone Certificate
21. If Latest Ferfar * If Estimate Cost Sheet
22. If Chain Agreement
1. Pan Card & Adhar Card
– Applicant & Co-Applicant
2. Address Proof
– If Own: Latest Light Bill & Index-II
– If Rental: Rent Agreement, Latest Gas Receipt, Passbook, Passport, HR Letter
3. Latest 3 Month Salary Slip
4. Latest 6 Month Bank Statement (By Salary A/C)
5. If All Loan Statement of Account (SOA)
6. If All Bank Statement 1 Year
7. Current Company Confirmation Letter
8. If Increment Letter
– Education Proof
9. Company ID & Appointment Letter
10. If Previous Relieving Letter
11. Form No 16 Latest 2 Year with 26 AS
12. Soft + Hard Copy Photo – 2+2
– Applicant & Co-Applicant
13. If Name Change
– Applicant / Co-Applicant Marriage Certificate
14. Legal Document List for All Property Papers
– Agreement Copy
– Latest Property Tax Copy
– Latest Light Bill
– Possession Letter
– NA Order
– Commencement Certificate
– If Completion Certificate
– If Society Registration & Share Certificate
– If Rera Registration Certificate
1. MSME or Udyam Certificate
2. Shop Act License
3. GST Certificate (If applicable)
4. Income Tax Returns (ITR) for the last 3 years with 26AS statement
– AY – 21-22 (1 Apr 2020 To 31 Mar 2021) Financial Year
– AY – 22-23 (1 Apr 2021 To 31 Mar 2022) Financial Year
– AY – 23-24 (1 Apr 2022 To 31 Mar 2023) Financial Year
– If Financial Audit Report with CA Certification
5. Bank Statements for the last 1 year
– Current Account Statement
– Savings Account Statement
– Cash Credit Account Statement (If applicable)
6. Loan Statements of Account (SOA) for all loans
7. Address Proof for Office, Shop, and Factory
– If Own: Latest Light Bill, Index II, Latest Property Tax
– If Rental: Registered Rent Agreement, Notary Agreement, Current Account Statement as Address Proof
8. Aadhar Card and PAN Card for Applicant & Co-Applicant
9. Passport-size Photos:
– 2 for Applicant
– 2 for Co-Applicant
10. Residential Address Proof
– If Own: Latest Light Bill, Index II, Latest Property Tax
– If Rental: Rent Agreement, Latest Gas Receipt, Passbook, Passport, LIC Policy, Telephone/Mobile Bill
11. Legal Documents for All Property Papers
– Agreement Copy
– Latest Property Tax Copy
– Latest Light Bill
– Possession Letter
– NA Order
– Commencement Certificate
– Completion Certificate (If available)
– Society Registration & Share Certificate (If applicable)
– RERA Registration Certificate (If applicable)