Loan against property eligibility and documents
Loan against property eligibility depends on factors like income, credit score, and property value. Required documents include property ownership proof, ID proof, and income statements.
Eligibility criteria and documents required
Anyone can apply for our loan against property as long as they meet the criteria mentioned below. This loan offers financial flexibility by leveraging property as collateral. To qualify, applicants should review the loan against property eligibility criteria carefully to ensure they meet the requirements. This simple yet accessible financial solution can help you manage. By using your property as collateral, you can unlock access to large funds of up to Rs. 10.50 crore—it is a smart way to manage your finances with ease! Get funds within 72 hours* of approval.
Loan Against Property Eligibility Criteria
- Nationality:
You must be an Indian citizen residing in India with property in a city we operate in. - Age:
Minimum age: 25 years* (18 years for non-financial property owners)
Maximum age: 85 years* (including non-financial property owners)
*Age of the individual applicant/ co-applicant at the time of loan maturity.
*Higher age of co-applicant may be considered up to 95 years basis 2nd generation (legal heir) meeting age norms and to be taken as co-applicant on loan structure. - CIBIL Score:
A CIBIL Score of 700 or higher is ideal to get an approved loan against property. - Occupation:
Salaried, self-employed professionals like doctors, and self-employed non-professionals are eligible to apply.
Documents Required for Loan Against Property
- Proof of identity/ residence – Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
- Proof of income
- Property-related documents
- Proof of business (for self-employed applicants), and
- Account statements for the last 6 months
Loan Against Property Eligibility Criteria
- Nationality:
You must be an Indian citizen residing in India with property in a city we operate in. - Age:
Minimum age: 25 years* (18 years for non-financial property owners)
Maximum age: 85 years* (including non-financial property owners)
*Age of the individual applicant/ co-applicant at the time of loan maturity.
*Higher age of co-applicant may be considered up to 95 years basis 2nd generation (legal heir) meeting age norms and to be taken as co-applicant on loan structure. - CIBIL Score:
A CIBIL Score of 700 or higher is ideal to get an approved loan against property. - Occupation:
Salaried, self-employed professionals like doctors, and self-employed non-professionals are eligible to apply.
Documents Required for Loan Against Property
- Proof of identity/ residence – Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
- Proof of income
- Property-related documents
- Proof of business (for self-employed applicants), and
- Account statements for the last 6 months