Loan Against Property: Documents Required for Application
Provide the following documents required for a loan against property after completing the online application form.
Documents Required for Salaried Professionals
Keep these documents at hand –
- Identity proof such as Aadhaar card, PAN card or Voter ID card.
- Address proof such as Passport, Ration card, Utility bill, Aadhaar card etc.
- Latest salary slips.
- Bank account statements for the last 3 months.
- IT returns.
- Documents of the mortgaged property.
After submitting this list of documents needed to apply for a loan against property, your loan will be sanctioned, and you will find the amount disbursed to your bank account with 3-4 days.
Documents Required for Non-Salaried Individuals
Here is the loan against property documents required for self-employed individuals –
- Aadhaar card, Passport or Voter ID card as proof of identity.
- The voter ID card, Passport, Utility bill, etc. or any other proof of address issued by the government of India.
- Bank account statements for the last 6 months.
- Documents of the property which is mortgaged.
Submit these documents required for a loan against property to enjoy a quick and hassle-free loan approval from your preferred lender.
How to Apply?
Follow these steps to apply for a mortgage loan in India –
- Fill up the application form at the lender’s official website online.
- The lender’s representatives will get in touch with you within a day of receiving your application.
- Submit the required documents.
- Receive the loan approval within 48 hours of the application.
Now, that you are aware of the documentation procedure and how to apply one for a mortgage loan, apply successfully and find your loan sanctioned to you.
Additional Read: How the Mortgage Interest Tax Deduction Works in India
October 18th, 2019