The steps to get a business loan against property are:
Eligibility Criteria
- Applicant must be between 21-65 years.
- Business should be operational for at least 3 years, proving stability and income capability.
- Property used as collateral must be legally owned by you or your business and it should be a clear title and free of legal disputes.
What are the Documents Required?
- Aadhaar, PAN card, passport, etc.
- Profit and loss statements, balance sheets, and recent bank statements.
- Title deed, property tax receipts, and a valuation report.
- Salary slips, income tax returns, and personal bank statements.
CAclubindia
