A Loan Against Property (LAP) is a secured loan that is sanctioned keeping your owned asset as mortgage with the lender. This asset can be either your owned house, or your any other commercial premise. The asset remains as collateral with the lender until the entire loan against property amount is repaid. Banks & NBFC’s provide LAP for Salaried as well as Self-Employed individuals. Interest rate and loan amount differs & depends on work profile, qualification & income / employer profile / nature of business / vintage of business / property type & valuation / annual income & profitability of the business / cash flow.
LAP Loans ( residential / commercial ) can be availed for multiple purposes like : Home Renovation / Personal Emergency / Marriage / Dream Vacation / Business Expansion / Debt Consolidation / Pay own contribution to purchase another asset. This segment is useful to raise money in easiest way for above requirements.
LOAN AGAINST PROPERTY (SALARIED INDIVIDUAL)
Pan Card and Aadhar Card
Photo Applicant & Co-Applicant.
Proof of identity
Current & Permanent residence address proof
Qualification Proof
Latest 2 Financial Year Form 16
Latest CTC (Cost to Company)
Latest 6 Months salary slip
Salary account Bank statement for 6 Months (updated)
Pan Card and Aadhar Card
Photo Applicant & Co-Applicant.
Proof of identity
Current & Permanent residence address proof
Qualification Proof
Company profile & Office proof
Latest 3 years ITR (with all schedules – CA Certified)
Current & Saving Bank statement for 1 year (updated)
Pan Card and Aadhar Card
Photo Applicant & Co-Applicant.
Proof of identity
Current & Permanent residence address proof
Company profile & Office proof
Latest 3 years ITR (with all schedules – CA Certified)
Current & Saving Bank statement for 1 year (updated)
-
Pan Card and Aadhar Card
-
Photo Applicant & Co-Applicant.
-
Proof of identity
-
Passport & Valid Visa
-
Overseas residence & Permanent (Indian) residence address proof
-
Qualification Proof
-
CBR report (Credit Bureau Report)
-
Latest Contract Letter & Latest CTC (Cost to Company)
-
Latest 6 Months salary slip
-
Overseas Salary account Bank statement for 6 Months (updated)
-
NRE / NRO bank statement for 6 Months (updated)
-
Pan Card and Aadhar Card
-
Photo Applicant & Co-Applicant.
-
Proof of identity
-
Passport & Valid Visa
-
Current & Permanent residence address proof
-
Qualification Proof
-
Latest Contract Letter & Latest CTC (Cost to Company)
-
CDC – Continuous Discharge Certificate (For Latest 3 Years)
-
NRE / NRO bank statement for 6 Months (updated)
