Which Documents Are Required To Apply For A Loan Against Property?
Lenders provide many choices for taking a loan against property. Many times it becomes tough to keep track of required documents. We have listed the documents most commonly requested for taking the property loan.
While applying for a loan against land, you need to take account of various factors including interest rates, tenure, and your eligibility for a loan against property eligibility. Most of the requested documents for self-employed and salaried individuals remain the same except for a few minor changes in the list. Your financial institution might ask you to provide some other records for further verification.
For More Details Visit here: https://www.fullertonindia.com/loan-against-property-documents-required.aspx
Documents Required to Apply for Property Loan:
- Bank statements of the past few months
- Proof of address of the borrower
- Salary slips in case of salaried persons
- Aadhar / PAN card
- Copy of documents related to the property mortgaged
- Income Tax Returns for salaried persons
- Miscellaneous documents for bank-specific requirements
Conclusion:
It is possible to avail a loan against the land from various banks, private lenders, and NBFCs according to the convenience of the borrower. You can check your eligibility for a loan against property to improve the chances of your loan application getting selected. A loan against property requires documents that are listed above, but make sure to check the specific requirements of your lenders.
Must Read: Factors That Affect Tenure of Loan Against Property
Post a Comment