Wednesday, June 22, 2016

Loan against Property – Eligibility Criteria and Documents Required - Finheal

Loan against property (LAP) is also known as 'Home Equity Loans' and is a kind of loan against the security of one's property. Loan against Property is considered to meet the financial needs of a person who before now has a house, which is free from any burden.
  • ID proof (PAN Card, Driver's license, Voter ID, Passport, Aadhar)
  • Address proof (Electricity bill, Telephone bill, Ration card, Bank statement, Credit card statement)
  • Passport Size Photo
  • 3 month's Salary slips
  • 3 month's Bank statement
  • Last 2 years Form 16
  • Sale Agreement
  • Property documents
  • Receipt of Booking/Advance payment (If any)
Reason for Applying Loan:-
  • Business Growth
  • Education/Marriage expenses
  • Buy of house
  • Improvement/Extension of existing Property
  • Medical Treatment
  • Any other personal Need