Financing your need whether it is for personal like child education, marriage expenses, medical expenses or for professional nature like expanding business, payment of debts etc. - all can be solved by taking the loan against property.

Loan against property, as the name suggests itself is simply a loan which is granted on the pledge of the property. Though property is mortgaged with the lender, ownership of the property still remains the same and owner is still allowed to continue using the property.

Features

High Value Loan – Loan value will depend upon the market value of the property pledged.
Easy to apply - Loan against property is a very simple to apply, after verification of the documents and property loan is disbursed quickly.
Flexible Tenure – Tenure can be extended up to 20 years depending on the eligibility criteria.

Process

1. Submission of Documents
2. Sanctioning of Loan
3. Acceptance of Loan
4. Disbursement of Loan

Eligibility

For Salaried Individual

Age 33 to 58 years
Salaried in a private limited company/MNC/public sector
Resident in India
Property should be in any of the selected cities (call for further details)

For Self Employed

Age 25 to 70 years
Self-employed individual with a regular source of income
Resident in India
Property should be in any of the selected cities (call for further details)

Documents Required

Salary Slips for 3 months from current employer in case of salaried individual.
Form-16 in case of salaried individual.
Bank Statement for previous 3 months for salaried and 6 months for self-employed.
PAN Card/Aadhar Card
Address Proof
Copy of the documents of the property to be mortgaged
IT Return for previous 3 years.
All registration certificate of existence.
All registration certification/license for the professionals.