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Q.

What are the documents required for loan against property?

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Loan against property is a type of secured loan which is provided by the banks and financial institutions in exchange of a residential or commercial property. The property is treated as a security to get loan at lower interest rate. The loan against property is offered to salaried as well as self employed people. In this answer let us look at the list of documents required for loan against property. Read on!!

What are the documents required for loan against property?

Here is a list of documents you would need to get loan against property. You can find the documents required for salaried and self employed people:

For salaried employees:
  • Duly filled Application Form with Photograph

  • Proof of age (aadhaar card, passport, etc)

  • Residence proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)

  • Educational degrees

  • Salary slips for past 3 months

  • Last 2 years Form 16 

  • Bank statement for last 6 months

  • Photocopy of title of property, approved plan

For self employed people:
  • Duly filled Application Form with Photograph

  • Proof of age (aadhaar card, passport, etc)

  • Residence proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)

  • Educational degrees

  • Certificate and proof of business existence along with business profile

  • ITR of last 3 years

  • Bank statement for last 12 months from business and self

  • Photocopy of title of property, approved plan

This is the complete list of

documents required for loan against property.

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