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Who can opt for Loans Against Property?
Individuals (Salaried or self-employed) who have a property and who can fulfill the following requirements
Income
Age (Min. 21 Years and Max. 50 to 70 years- depends on the lender)
Property Valuation
Existing Liabilities (if any)
Current Work Experience
Financial Documents
Number of Dependents
What is the process involved ?
The process is pretty much similar to the home loan process.
Application
Processing
Documentation
Verification/Valuation
Sanctioning of the Loan
Disbursement
What are the documents required for loans against property?
For Salaried:
Application form with photograph
2. Photo Identity and Address Proof
3. Latest Salary Slips
4. Form 16
5. Bank Statements (Last 6 months)
6. Processing fee cheque
Who can opt for Loans Against Property?
Individuals (Salaried or self-employed) who have a property and who can fulfill the following requirements
Income
Age (Min. 21 Years and Max. 50 to 70 years- depends on the lender)
Property Valuation
Existing Liabilities (if any)
Current Work Experience
Financial Documents
Number of Dependents
What is the process involved ?
The process is pretty much similar to the home loan process.
Application
Processing
Documentation
Verification/Valuation
Sanctioning of the Loan
Disbursement
What are the documents required for loans against property?
For Salaried:
Application form with photograph
2. Photo Identity and Address Proof
3. Latest Salary Slips
4. Form 16
5. Bank Statements (Last 6 months)
6. Processing fee cheque