Loan Against Property in Delhi

Click to apply for Loan Against Property in Delhi

Loan Against Property is also called an unsecured loan that we can take for our use, which does not require any security or collateral and can be availed for any purpose, be it a wedding expenditure, a holiday, or purchasing consumer durables. A Loan Against Property is very handy & caters to all your requirements. The amount of loan can range from Rs. 50,000 – Rs. 30 lakh & the tenure for repaying the loan varies from 1 to year. Indexia Finance provides Loan Against Property Delhi which means we provide a doorstep facility, as now the right bank will come to your doorstep. You can apply online for a Loan Against Property in Delhi at the lowest rate of interest.

Advantages of Taking a Loan Against Property

  • Cheaper than Personal Loan: 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 Installments (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.

Required Documents For Loan Against Property Delhi

Generally, the documents required for Loan Against Property in Delhi to process your loan application are almost similar across all the banks. However, they may differ with various banks depending upon specific requirements, etc. The following documents are required for Loan Against Property Delhi by financial institutions to process the loan application.

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 the 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)
  • & 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