#182/B, First floor, B.K Guda, S.R.Nagar, Hyderabad

Loan against Property

Get the maximum value out of your property in the form of a loan & fulfil your financial needs without any worries. Attractive interest rates, transparent processes and costs, minimal documentation, quick disbursals and expert guidance make our Loan against Property a better choice

Eligibility

Loan Amount

Rs 10 lakh – Rs 5 crore

Loan Type

Loan against property

Age

Minimum 25 Years, Maximum 65 Years or retirement age whichever is earlier.

Eligible profiles

Salaried & Self-Employed

Tenure

Up to 15 Years

End use

Business/Personal Utility/ Debt Consolidation

Documents Required

List of papers/ documents applicable to all applicants:

  • Employer Identity Card: PAN card, Aadhaar Card, Voter ID Card, Passport, or any other government ID.
  • Loan Application: Completed loan application form duly filled in affixed with 3 Passport size photographs
  • Proof of Identity: PAN/ Passport/ Driver’s License/ Voter ID card
  • Proof of Residence/ Address: Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card

Property Papers

List of papers/ documents applicable to all applicants:

  • Permission for construction (where applicable)
  • Registered Agreement for Sale /Allotment Letter/Stamped Agreement for Sale
  • Occupancy Certificate (in case of ready to move property)
  • Approved Plan copy (Xerox Blueprint) & Registered Development Agreement of the builder, Conveyance Deed (For New Property)
  • Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller

Account Statement

  • Last 6 months of Bank Account Statement.
  • If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year

Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:

  • Salary Slip or Salary Certificate of last 6 months
  • Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, acknowledged by IT Dept.

Income Proof for Non-Salaried Applicant/ Co-applicant/ Guarantor:

  • Business address proof
  • IT returns for last 3 years
  • Balance Sheet & Profit & Loss A/c for last 3 years
  • Business License Details(or equivalent)
  • TDS Certificate (Form 16A, if applicable)
  • Certificate of qualification (for C.A./ Doctor and other professionals)
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Common Questions

The bank assesses the loan amount based on your income financials as well as the value of the property.
Loan Against Property(LAP) can be availed by both salaried and self-employed individuals for personal and professional needs.
Can I avail Loan Against Property (LAP) for a commercial property?
When taking a Loan against Property, it is essential to insure the property being mortgaged.
Yes, you are allowed to foreclose the loan before the sanctioned tenure.
Yes, All the property owners should be party/co-applicant to the loan.

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