Now Right Bank will come at your doorstep for Loan Against Property (LAP). A loan from INR 10 Lacs onwards depending on your needs, Borrow up to 100% of the market value of the property, Flexibility to choose between an EMI-based loan or an overdraft. High-tenure loans for ease of repayment. Cheapest interest rates. Simple and speedy processing. Loan for salaried, self-employed individuals & businessmen. Loan for Personal and business use also.

Required Documents For Loan Against Property

Common Documents

• 2 Photographs of each applicant & co-applicant

• Pan Card Copy each applicant & co-applicant

• Aadhaar card copy of each applicant & co-applicant

• Passport copy of each applicant & co-applicant

• Utility Bill (Address proof) of office and residence (latest month) of each applicant & co-applicant

 Income Documents

• Last 3 years ITR, computation of income of the company, P&L, Balance sheet, +all Annexure & schedule, Dr. & Cr. List. (self & CA attested)

• 3 years ITR, computation of income, P&L, Balance sheet of individual

• The last 12 months’ bank statements of individual

• The last 12 months’ bank statement of the company, and all the EMI reflections of any loans going on as per the Balance Sheet

• Sanction letter of all Loans & OD/CC (if any)

• Sales & Purchase Summery – last 3 years (till date)

• Dr. & Cr. List – last 3 years (till date)

Additional Documents

• MOA & AOA copy / Partnership Deed / For proprietorship firm – registration certificate or Business Proof (List of Directors/ Partners & Shareholder

• Pan card copy of Company

• Business Proof (Shop & Establishment Certificate, VAT, Sales Tax, GST, Service Tax, IEC)

• GST certificate of the Company

 Property Documents

• Sales deed

• OC & CC

• Share Certificate

• Approved Building Plan
• Agreement copy with the builder for a new property.

In the case of Balance transfer and Top up.

• LOD (List of Documents) from the banks where property mortgaged
• Repayment Schedule of all existing running loans.

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Advantages of Taking a Loan Against Property

• Cheaper than Personal Loans: It works out to be much cheaper than a personal loan, which is usually issued at interest rates in the region of 11.5% – 21%.
• Longer Loan Tenure: The tenure for a Loan Against Property is usually longer than that for a personal loan. Generally, LAP is given for a maximum tenure of 15 years.
• Lower EMI: Since the rate of interest is lower, many times, LAP Equated Monthly Instalments (EMI) turn out to be cheaper than those under personal loans.
• Simple documentation and Fast Approvals: LAP being a secured Loan has comparatively faster approvals and minimal documentation.

Loan Against Property can be taken for the following purposes

• Expanding your business

• Get your child married

• Send your child to higher studies

• Fund your dream holiday

• Fund Medical Treatments

In a nutshell, a Loan Against Property is a secured multipurpose loan with a larger tenure and a lesser rate of interest.

We are one of the best loan against property in India. You may apply online at Indexia Finance.

Indexia Finance is an Entire Loan destination, where you can fulfill your dreams. Indexia Finance provides bank loan and is amongst the top 3 finance companies and top 3 loan service providers in India