• Loan amount: Up to 60-70% of the property's value

• Interest rate: Lower than personal loans, but higher than home loans
• Repayment tenure: 5-15 years
• Collateral: Property documents are held by the lender until loan repayment

Documents Required for Loan Against Property:

• For Salaried Individuals:

• A copy of any of the following as proof of residence:

• Ration Card
• Telephone Bill
• Electricity Bill
• Voter's ID Card

• A copy of any of the following as proof of identity:

• Voter's ID Card
• Employer's Card

• Latest Bank Statement/Passbook from where you can show a salary/income being credited for the previous 6 months

  Salary slip for the previous 6 months showing all deductions

  Form 16 for the previous 2 years

  Copies of all the property documents of the concerned property to be pledged for the loan

• For Self Employed Professionals/Individuals:

• Certified Financial Statement for the previous 3 years

  A copy of any of the following as proof of residence:

• Ration Card
• Telephone Bill
• Electricity Bill
• Voter's ID Card

• A copy of any of the following as proof of identity:

• Voter's ID Card
• Employer's Card

• Latest Bank Statement/Passbook from where you can show a salary/income being credited for the previous 6 months

  Copies of all the property documents of the concerned property to be pledged for the loan

•