Property Loan

LAP or Property Loan is one of the easiest financing options available currently in the market. It is provided by taking property as a mortgage.

What is Property Loan?

LAP or Property Loan is one of easiest financing option available currently in the market. It is provided by taking property as a mortgage. It is a common misconception among the borrower community that final loan amount should depend only on the final market value of the property. Usually, borrowers ask for questions like why I shouldn’t get a loan amount of 80 lac at least if my property value is Rs 1 Cr? This question is quite natural and you will get the answer to this in the following discussion.

Documents Required

  • 5 Photographs
  • Address Proof
  • I.D. Proof
  • 2 Stamp Paper of Rs.50/- in favor of the Applicant.
  • Bank Statement of last 6 months
  • File Charge Rs. 3500/-

Document Valid As Address Proof

  • Rashan Card
  • Electricity Bill
  • Mobile Bill
  • LandLine Bill
  • Passport
  • Mool Niwas Patra
  • House Tax Slip

Document Valid As ID Proof

  • PAN Card
  • Voter Card
  • Driving License
  • Job Certificate (at present) issued from company in which Applicant Working.
  • College Identity Card etc.
  • Document of Guarantor Required

Type Of Guarantor

  • Government Guarantor
  • Private Limited Guarantor
  • Property Guarantor

In Case Of Government Guarantor And Private Limited

  • 2 months Pay Slip / Bank Passbook photocopy
  • H.O.D & Salary In charge Signatures Along with his/her Stamp on Official Undertaking Bond Page No. X2. is Compulsory.
  • 7 Stamp Paper of (Rs. 500×1 + Rs.100×3 + Rs.50×2 + Rs.20×1)/-in favor of Guarantor. with Name, Address, Father Name & City with PIN Code (These must have a Signature & Thumb Impression and Public Notary)
  • One Photograph of each family member (Above 18 Years) (only in case of Private Limited Guarantor) (Above mentioned Terms & Conditions may change from time to time as per firm/company policy without any prior information)