Loan Aganist Property
If you are looking for funds, then your property can fulfil your dream by Loan Against Property. We provide the highest value of your property with extended loan tenure.
To finance all high-end expenditures for business or personal purposes, Loan Against Property will cover all your financial needs. Whether property residential and commercial, it can be mortgaged for availing a loan against property. We provide a smooth & hassle-free LAP. We provide an array of attractive options based on their specific needs along with flexible loan tenure and attractive interest rates.
Types of property on which you can Avail LAP
- Loan against Self occupied Residential Property.
- Loan against Vacant Residential Property
- Loan against Rented Residential Property
- Loan against self occupied Commercial property
- Loan against residential Plot.
- Loan against mixed use property.
- Loan against vacant property
- Loan against Industrial Property.
Features and Benefits of Loan Against Property
- Opt for a long tenure for repayments and pay lower EMIs every month
- A balance transfer & top-up loan facility with less documentation
- Overdraft and Top up facility.
- Maximum Funding up to the property valuation.
- Lowest interest from top banks to make your LAP/Mortgage loan more affordable.
- Provides Loans against the property for all types of business or personal needs.
- Loan against Industrial Property.
Who can apply for Loan Against Property
- For salaried employees/ self-employed professionals/ non-professionals.
- Age of the customer should not be more than 65 years at the time of applying for loan
- For partnership firms/ corporate bodies: The entity has to be in existence for at least 3 years prior to the date of application
EMI Calculator
You can use the EMI Calculator to calculate your monthly installments way before you apply for a loan and have a definite estimate of your monthly payments well in advance.
Documentation Required for Loan Against Property Loan
Following are the documents you would need to submit for all applicants / co-applicants along with the photograph for the loan approval
Salaried individual
| KYC |
|---|
| Identity proof of Applicant |
| Address proof of Applicant |
| Income Proof ( PDF Format) |
| Last 3 months Salary Slips |
| Form 16 with Part B |
| Bank Statement of that account in which last 6 salaries credited (updated 8 months statement ) |
| Other Documents ( PDF Format) |
| Current loan SOA if any |
| Ownership Proof if required* |
| Property Paper ( PDF Format) |
| Photocopy of draft sale deed and chain title documents |
| Builder buy agreement( For direct Allotment) |
| Authority approved Sanction letter |
| No objection certificate from the society and other documents as per legal report. |
Self-employed individual
| Sole Proprietorship | Pvt. Ltd. | Partnership |
|---|---|---|
| KYC ( PDF Format) | ||
| Identity proof of Applicant & Co-applicants | Pan card of the company | Pan card of the company |
| Address proof of Applicant & Co-applicants | List of directors on shareholding pattern-certified by CA | Partnership Deed |
| Business vintage proof | Business vintage proof | Business vintage proof |
| GST registration | GST registration | GST registration |
| Article of Association and Memorandum of the company | Identity proof of all directors | |
| Identity proof of all directors | Address proof of all directors | |
| Address proof of all directors | ||
| Income Proof (Last 3 years)- Attested By CA & Directors ( PDF Format) | ||
| Company | Company | |
| Income Tax Return | Income Tax Return | Income Tax Return |
| Computation of Income | Computation of Income | Computation of Income |
| Balance Sheet | Balance Sheet | Balance Sheet |
| Profit & Loss | Profit & Loss | Profit & Loss |
| Creditors & Debtors | Creditors & Debtors | Creditors & Debtors |
| Complete all Audit Report | All Director's Report | Complete all Audit Report |
| 26 AS (2 years) | Complete all Audit Report | 26 AS (2 years) |
| GSTR-3B ( one year) | 26 AS (2 years) | GSTR-3B ( one year) |
| One year Bank Statement of all accounts(Both Saving & Current) | GSTR-3B (one year) | One year Bank Statement of current accounts. |
| All Directors | All Partners | |
| Income Tax Return | Income Tax Return | |
| Computation of Income | Computation of Income | |
| 26 AS | 26 AS | |
| One year Bank Statement of saving accounts. | One year Bank Statement of saving accounts. | |
| Other Documents ( PDF Format) | ||
| Current loan SOA if any | ||
| Ownership Proof * | ||
| Property Paper ( PDF Format) | ||
| Photocopy of draft sale deed and chain title documents | ||
| Builder buy agreement( For direct Allotment) | ||
| Authority approved Sanction letter | ||
| No objection certificate from the society and other documents as per legal report | ||
All documents to be self attested. The above list is indicative in nature and additional documents can be asked for.
Reasons to avail Loan Against Property with Posiitive Ally
- Connected with top Nationalized, Private banks and NBFCs, which helps you to get market’s most attractive & affordable loan.
- Enjoy the hassle-free experience with minimal documentation, doorstep document pick up at your desired location and no bank visits.
- Provide pre-loan & post loan support with advisory services
- Quick turnaround time and complete secure process.