Eligibility Criteria for a Loan Against Property

In general, Loan Against Property Eligibility Criteria is determined by a variety of elements such as the individual's age, monthly wage or company revenue, total work experience, and CIBIL Score, among others.

Salaried Individuals

• Age Limit of Salaried Individuals - 28 to 60 years of age
• Work experience of salaried Applicants – Minimum 3 Years
• Should be being at public, private companies or MNC
• CIBIL Score should be above 750
• Nationality - Resident of Indian

Self-Employed Individuals

• Self-employed individuals must be between the ages of 25 and 70.
• The CIBIL Score should be greater than -750.
• Minimum number of years in business - 3-5 years
• Nationality - Indian resident

Documents Required

Individual

• Two photographs
• Pan card copy
• Aadhar card + passport
• Address proof if rented also required permanent address proof
• Last 3 years’ form -16, ITR with computation of the income if the file
• Last 1 year’s bank statement - salary account
• Loan schedule & sanction letter (if running)
• Complete property papers with chain & map +ATS
• Processing fee cheque in favor of bank
• Last 3 months salary slip + appointment letter

Prop Firm

• Photograph Both
• Pan Card Clear Copy Proprietor
• Address Proof (Pass Port, Voter Id Card) Proprietor
• Office Address Proof Latest (Electricity Bill, Telephone Bill)
• Firm Registration Certificates & GST Registration Copy
• Last 1 Year GST Return Copy
• Firm 3 Years ITR Computation, Profit Loss A/C, Balance-Sheet, Tax Audit Report, All Scheduled & Annexure
• Provisional Financial Ay 2023-24
• Bank Accounts (Current Account, Cc Account, Od Account Last 1 Year Updated)
• 6 Month Saving Account Statement Updated (Proprietor)
• If Running Any Loan Please Provide a Sanction Letter And Repayment Scheduled
• Agreement To Sell Copy
• Property Papers With Chain Sanction Map

Partnership Firm

• Photograph Partners
• Pan Card - Company, All Partners
• Address Proof - All Partners (Pass Port, Voter I Pan Card, Adhaar)
• Firm Address Proof- Latest Any Utility Bill
• Partnership Deed Copy
• GST Certificate
• GST Return Last 1 Year
• 3 Year Company ITR COI P/L A/C Balance sheet + Audit Report 3cb 3cd, All Annexures, Scheduled With C.A. Certified
• Provisional Financial Ay 2023-24
• 3 Years all Partner Individuals ITR + Computation
• Firm All A/C Bank Statement 1 Year Updated
• All Partner Saving A/C Statement 6 Month
• If Running Any Loan – Latest Sanction Letter + Track Records Or Repayment Scheduled

PVT LTD

• All Director’s Photograph
• Clear Pan Card - Company And All Directors
• Address Proof – Company And Directors
• List Of Director& Share Holder With Ca Certified As On Date
• Memorandum Order In Hand And Complete Copy (If Applicable)
• GST, Sale, Vat, And Ssi Registration Certificate
• 1 Year GST Returns
• All Directors Individuals ITR & Computation Last 3 Years
• Last 3 Years Complete Financial With Tax Audit Report And Annexure
• Provisional Financial Fy 2023-24 Or Month Wise Sale Figure Last 1 Year
• Company All Bank Account Statement 1 Year Updated
• All Directors Saving A/C Statement 6 Month