Loan Against Property in Faridabad

Documents Required for a Loan Against Property in Faridabad

Our simple documentation requirements make sure that you have a hassle-free application process. Here is a list of documents that you must submit when applying for a Loan Against Property:

• Identification proof such as your Aadhaar Card, Passport, and Voter ID
• Mandatory documents such as PAN Card or Form 60
• Address proof such as your property tax receipts and utility bills (gas, electricity, and water)
• Income proof such as your most recent salary slips
• Employment proof such as your company ID card (in case of a salaried employee)
• Proof of business such as your business profile, partnership deed, and memorandum of association (in case of a self-employed individual)
• Income tax returns
• Photocopy of the documents of the property you are looking to mortgage such as Title Deed, Sale Deed, and Registration Certificate

Note: This is an indicative list of documents. Additional documents may be required at the time of loan processing.​​​

Eligibility Criteria for a Loan Against Property in Faridabad

Borrowers need to meet the following eligibility criteria based on their employment type:

• The applicant must be a resident of India.
• The applicant must have a work experience of up to 3 years (as a salaried individual) or a vintage of 3 years in the existing business (as a self-employed individual).
• A salaried applicant should be between 23 to 60 years** of age and a self-employed applicant should be between 23 to 70 years** of age.
• A CIBIL score of 750 or above is ideal for approval.

**The upper age limit is considered as the age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

*Terms and conditions apply.