Whta documents bank ask for while taking a loan against property? How bank verify these documents? Please explain the complete procedure.
Nitin Arora
(Financial Audits)
(53 Points)
Replied 24 November 2015
Hi Naina
Detailed insights to each and every essential documents and eligibility criteria those are required to get a loan against property! I just want to add that some documents are also required as signature proof and the minimum eligible age is generally 25 years for a loan against property. For further details about the eligibility criteria and apply for a loan against property I am sharing with you a resources that will help you understand documents and eligibility criteria for loan against property:- https://www.bajajfinserv.in/finance/loan-against-shares/salaried-loan-against-shares-eligibility-and-documents.aspx
Naina Kapoor
(Financial Consultant)
(277 Points)
Replied 09 July 2020
Whether you want to expand your business, or you need funds for your personal use, child's education, managing your wedding expenses, expanding your business, or even handling unforeseen medical expenses, our Loan Against Property will cover all your financial needs. Documents required for loan against property depend upon the type of employment of an individual. Documents required for different types of employment are on the basis of:
Salaried individuals
Self-employed individuals.
Some of the Eligibility Criteria when applying for a Loan Against Property are as follows:
Minimum Age
Maximum age
Type of property funded
Resident of india
Salaried or self employed
Income proof
You can check more at https://www.bajajfinserv.in/loan-against-property-eligibility-and-documents
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