Loan against property
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Eligibility Criteria for Salaried Individuals
- Nationality: You must be an Indian citizen residing in India with property in a city we operate in.
- Age: Minimum age: 25 years* (18 years for non-financial property owners) *Age of the loan application for the individual applicant/co-applicant.
- CIBIL Score: A CIBIL Score of 700 or higher is ideal to get an approved loan against property.
- Employment status: As a salaried applicant, you must be employed with a stable income source from a public or a private company with a minimum of 3 years of work experience.
Documents Required
- Proof of Identity residence – Aadhaar/ passport/ driver’s license/ Voter ID/ and other government-issued IDs)
- Proof of Address (recent utility bill, property deed )
- Property Documents (sale deed, no objection certificate, and property tax receipts)
- Salary slips for the last 3 months, IT returns.
- Proof of employment (ID card issued by the employer.
- Bank account statement for the last 6 months reflects the salary credit.
Eligibility Criteria for Salaried for Self- Employed Individuals
- Nationality: You must be an Indian citizen residing in India with property in a city we operate in.
- Age: Minimum age: 25 years* (18 years for non-financial property owners) *Age of the loan application for the individual applicant/co-applicant.
- CIBIL Score: A CIBIL Score of 700 or higher is ideal to get an approved loan against property.
- Employment status: As a Self-employed applicant, you should have a business continuity of over 5 years in the current business.
Documents Required
- Proof of Identity residence – Aadhaar/ passport/ driver’s license/ Voter ID/ and other government-issued IDs)
- Proof of Address (recent utility bill, property deed )
- Property Documents (sale deed, no objection certificate, and property tax receipts)
- proof of income : (P&L Statement)
- Proof of business existence
- Bank account statement for the last 6 months
