Mortgage Loan {LAP}

Unlock Your Property’s Potential, Fulfill Your Dreams!

“A Loan Against Property (LAP) is a type of secured loan in which a property, typically residential or commercial real estate, is used as collateral to secure the loan”

Mortgage Loan Features & Benefits

  • High-value financing

  • Convenient tenure

  • Foreclosure facility

  • Attractive rate of interest (ROI) starts from 8% p.a

Business Loan Eligibility

  • Age : 21 – 60 years Age : Minimum Age: An 21 years and Maximum Age: 70 years

  • Nationality : Indian citizen both [resident or non-resident]

  • Occupation : Salaried and self-employed individual.

  • Credit Score : at least 700+

  • Property Ownership : The individual must be the legal owner of the property.

  • Property Type : Property should be a residential or commercial property. Some banks & NBFC have some specific criteria regarding the type of location of property.

  • Legal clearance : Property should have clear legal titles, and there should be no disputes or litigations associated with it.

Required Documents for Mortgage Loan

KYC –

  • Aadhar card, Pan card, Photo

Identity Proof –

  •  Passport, Aadhar card, Voter ID, Driving license

Address proof –

  • Aadhar card, Rental agreement, Utility bills, Voter ID

Income proof For Salaried -

  • latest 3 months salary slip, Form 16 and income tax returns for the last 2-3 years

Income proof For Self Employed -

income tax returns for the last 3 years, Profit & Loss statement, Balancesheet, Business Registration Proof

Bank Statement –

  • For Salaried – Latest 6 months bank statement
  • For Self Employed – Latest 1 year bank statement

Coapplicant –

  • Coapplicant 2 photos, KYC
  • Loan account statement

Legal and Technical Documents -

  • No-objection certificate (NOC), Property valuation report,Legal opinion on the property

Property Documents for Mortgage Loan

  • Sale deed

  • Title deed of the property

  • Property tax receipt

  • Possession letter

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