About Us

Loan Against Property

For whom
  • This product is aimed at applicants at the bottom of the pyramid with key businesses like, small shops, traders, retail stores, small manufacturing units, garages, service establishments, employees with cash salary etc
Purpose
  • Loan Against Residential / Commercial Property to meet business needs / expansion, renovation, improvement of shop, house, office, acquisition of equipment’s and personal finance i.e. higher studies, marriage etc
Key Features
  • Loan value up to Rs. 10 Lakhs
  • Repayment tenor up to 60 months
  • Minimal documentation and faster processing
  • Life cover and property insurance to the extent of loan amount
  • Disbursement directly credited to your bank account
Benefits
  • Monthly instalments enabling you plan your fund management
  • Doorstep services
  • Simple processing
Documents Required
Income documents of Applicant / Co-applicant
Salaried
  1. Application -
    • Duly filled application form with photographs of all Applicant & Co-applicants and signed across.
  2. Proof of Residence & Identity –  
    • Proof of Residence - A Valid Passport / Valid Driver's License / Voters Card / Aadhaar Card (Applicant & Co-applicants).
    • Proof of Identity - A Voter's Card / Valid Driver's License / Employer's Card / Aadhaar Card (Applicant & Co-applicants).
  3. Proof of Income –
    • Last 3 month's Salary Slips / Salary Certificate with Deductions.
    • Permanent Address confirmation from Employer.
    • Minimum 6 Month Updated banking of all bank account for Applicant / Co applicant /’s.
    • Loan Statement for all Current / Closed Loan.
  4. Other documents
    • Employment Contract / Appointment Letter in case current employment is less than 1 year old.
    • Last 6 month's Bank Statements showing repayment of any ongoing loans.
    • Account Payee Cheque for processing fee.
  5. Property related documents
    • Sale Deed / Agreement For Sale / Copy of the Allotment Letter.
    • Receipt/(s) of payment/(s) made to the developer.
    • Sanctioned Plan; if applicable.
    • Estimate of construction; if applicable.
    • N.A Order / Permission; if applicable.
Note: Originals will be taken post sanction of loan; before disbursement.
Self Employed (With income proof)
  1. Application -
    • Duly filled application form with photographs of all Applicant & Co-applicants and signed across.
  2. Proof of residence & Identity –  
    • Proof of Residence - A Valid Passport / Valid Driver's License / Voters Card / Aadhaar Card (Applicant & Co-applicants).
    • Proof of Identity - A Voter's Card / Valid Driver's License / Employer's Card / Aadhaar Card (Applicant & Co-applicants).
  3. Proof of Income –
    • Income Tax Returns along with computation of income for the last 3 Assessment Years.
    • Last 3 year's Balance Sheet and Profit & Loss A/c Statements, with Annexures/Schedules (Should be of both the individual and the business entity and attested by a CA).
    • Last 6 month's Current A/c Statements of the business entity and Savings Account Statements of the individual (Should be of both the individual and the business entity and attested by a CA).
  4. Other documents
    • Business Profile.
    • Latest Form 26 AS.
    • List of Directors and Shareholders with their individual shareholding certified by a CA / CS in case of the business entity being a company.
    • Memorandum and Articles of Association of the Company.
    • Partnership Deed in case of the business entity being a partnership firm.
    • Details of ongoing loans of the individual and the business entity including the outstanding amount, instalments, security, purpose, balance loan term, etc.
    • Account Payee Cheque for processing fee.
  5. Property related documents
    • Sale Deed / Agreement For Sale / Copy of the Allotment Letter.
    • Receipt/(s) of payment/(s) made to the developer.
    • Sanctioned Plan; if applicable.
    • Estimate of construction; if applicable.
    • N.A Order / Permission; if applicable.
Note: Originals will be taken post sanction of loan; before disbursement.
Self Employed (Without income proof)
  1. Application -
    • Duly filled application form with photographs of all Applicant & Co-applicants and signed across.
  2. Proof of residence & Identity –  
    • Proof of Residence - A Valid Passport / Valid Driver's License / Voters Card / Aadhaar Card (Applicant & Co-applicants).
    • Proof of Identity - A Voter's Card / Valid Driver's License / Employer's Card / Aadhaar Card (Applicant & Co-applicants).
  3. Proof of Income –
    • Assessed Income by the credit officer together with self-attestation of Applicant / Co applicants .
    • Purchase bills last 6 months.
    • Sale Bills for last 6 months.
    • Business Transaction Book Xerox.
    • Minimum 6 Month Updated banking of all bank account for Applicant / Co applicants.
    • Loan Statement for all Current / Closed Loan.
  4. Other documents
    • Business Profile.
    • Details of ongoing loans of the individual and the business entity including the outstanding amount, instalments, security, purpose, balance loan term, etc.
    • Account Payee Cheque for processing fee.
  5. Property related documents
    • Sale Deed / Agreement For Sale / Copy of the Allotment Letter.
    • Receipt/(s) of payment/(s) made to the developer.
    • Sanctioned Plan; if applicable.
    • Estimate of construction; if applicable.
    • N.A Order / Permission; if applicable.
Note: Originals will be taken post sanction of loan; before disbursement.
Apply Now
For any query dial Toll Free No :- 1800 266 7711
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