Eligibility Criteria & Document
Checklist for Applying Loan Against Property in India
Particulars
Introduction
Understanding Loan Against Property
Eligibility Criteria
Documents Required
How to Apply for a Loan Against Property
Loan Against Property: A Comprehensive Overview
A loan against property is a types of secured loan which is provided on the basis of collateral, Interest rates generally low as compared to other types of unsecured loans and more.
Benefits of Loan Against Property:
● Instant Approvals
● Flexible Repayments
● Higher Tenure
● Provide at lower rate of interest
What is the Eligibility Criteria for Loan Against Property
The loan against property eligibility criteria for a typically include age, property ownership, income, credit score, and loan-to-value ratio.
● Age Criteria
● Property Ownership
● Income and Credit Score
● Loan-to-Value Ratio
What are The Documents Required for Loan Against Property
For a loan against property, the required documents usually include identity proof, address proof, property documents, income proof, and bank statements. These documents are necessary to verify the borrower's identity, ownership, income stability, and creditworthiness.
● Identity Proof
● Address Proof
● Property Documents
● Income Proof
● Bank Statements