Loan Against Property – Eligibility

A Loan Against Property allows you to unlock the value of your residential or commercial property for personal or business needs.

Eligibility Criteria

For Salaried Individuals

• Age: 25 to 60 years

• Employment: Salaried with a reputed private company / government / PSU

• Minimum work experience: 2–3 years

• Stable monthly income

• Credit score: 650+ preferred

• Property should be self-owned and clear of major legal issues

For Self-Employed / Business Owners

• Age: 25 to 65 years

• Business vintage: Minimum 3 years

• Stable income and banking transactions

• Credit score: 650+ preferred

• Property must be residential or commercial, owned by applicant/co-applicant

Documents Required for Loan Against Property

Personal Documents (For All Applicants)

• PAN Card (Mandatory)

• Aadhaar Card / Passport / Voter ID (Identity proof)

• Address proof (Aadhaar / Utility bill / Passport)

• Passport-size photographs

Income Documents

Salaried Applicants

• Last 3–6 months salary slips

• Last 6 months bank statements

• Form 16 / ITR (if required)

Self Employed Applicants

• Last 2–3 years ITR with computation

• Profit & Loss and Balance Sheet

• Business registration proof (GST / Shop Act / Udyam)

• Last 6–12 months bank statements

Property Documents

• Sale Deed / Conveyance Deed

• Title documents (minimum 13–30 years chain)

• Approved building plan

• Property tax receipts

• Occupation / Completion Certificate

• Encumbrance Certificate

• Latest property valuation report (by bank/NBFC)

Loan Features (Indicative)

• Loan amount: Up to 60–70% of property value

• Tenure: Up to 15–20 years

• Attractive interest rates

• Lower EMI compared to unsecured loans

Apply for Loan Against Property

Get higher loan amounts with longer tenure and flexible repayment options.