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Loan Against Property Documents Required


Documentation Required:

Following are the loan against property documents required to submit for all applicants / co-applicants along with the completed and signed Application Form -

  • Identity Proof - Passport / PAN card / Voter's Identity Card / Driving License / Identity Card with applicant's photograph issued by Government, Aadhar Card
  • Address Proof - Passport / PAN card / Voter's Identity Card / Driving License / Latest Utility Bill (electricity, telephone, postpaid mobile phone, piped gas and water bill) / Property Tax Receipt / Bank or Post Office Savings Bank Account Statement / Letter of Allotment of Accommodation issued OR Leave and License agreements issued by Government to the employee
  • Signature Proof - Driving License / Passport / PAN Card / Bankers' Verification / Registered Sale Deed / Government Employee ID Cardk
  • Here is a checklist of documents required for loan against property for salaried individuals -
    • 3 Months Salary Slip for salaried employees or Salary Certificate
    • Copy of last 2 years Form 16 or IT Return
    • Bank Statement for the last 6 months of the Salary Account
    • Appointment / Confirmation Letter if current job tenure is less than 1 year
    • Any other documents if required
  • Here is a checklist of loan against land documents for self-employed individuals -
    • Partnership Deed in case of Partnership Firm; MOA/AOA in case of Company
    • Here is a concise list of loan against property documents - Copy of IT Return, Computation of Income, CA Certified Balance Sheet and Profit & Loss Account, all for the last 2 years
    • Bank Statement for the last 6 months of the Business Accounts
    • Office Address Proof
    • Tax audit report of individual partnership & company
    • Latest Share Holding Pattern Attested by CA/CS in case of Company
    • VAT/ Sales Tax Returns
    • List of Directors attested by CA/CS in case of Company
    • Sanction Letter for working capital limits & term loans with SOA
    • Copy of Degree Certificate in case of Professionals
    • Any other documents if required.
    • End use letter is one of the mandatory documents for loan against property cases.
    • It’s advisable to keep all these documents ready beforehand.
    • We want our customers to be clear about the loan against property requirements before applying for them to expedite the process.

Fees & Charges – After a detailed understanding of mortgage loan process in India, we would also like to be transparent in terms of all the charges and fees that will be levied while you apply for a loan against property.

Cheque bounce charges Rs.450
Overdue Interest 3% pm on unpaid amount
Loan reschedulement charges :  
a) EMI Cycle Date Change Rs.500 + Interest
b) Tenure/EMI Reschedulement 2% of POS
NOC Issuance charges First "Nil", Duplicate Rs.500
Legal / Collection/ Repossession & Incidental charges As per Actuals
SPDC retrieval Charges Rs.300/- at the time of Pre-closure/Swap/Matured/Customer Induced cancellations.
  Rs.450/- up to sixty days from the day of Pre-closure/Swap/Matured/Customer Induced cancellations.
Conversion Charges 0.5% of Outstanding Principal
Non Refundable Fee Loan up to Rs 28 lacs - Rs. 3,000/- + G.S.T
  Loan >Rs 28 lacs - Rs. 6500/- + G.S.T
Copies of Loan Documents/ Agreement/Retrieval of Share Certificate Rs.500/- per LAN
Charges on Part Disbursement Rs.750/-
Prepayment Statement Charges Rs.200/-
Statement of Account / Amortization Schedule Nil Charges
Prepayment Charges in case of Floating Rate 1) "Nil" for all floating rate term loans sanctioned to "individual borrowers"
  2) Prepayment charges will be applicable for Loan in which company, firm, etc. is a borrower or co-borrower
Semi Fixed rate of Interest 1) "Nil" prepayment charges, if the loan has been converted in floating rate of interest at the time of pre payment / pre closure.
  2) In case loan is on Fixed Rate at the time of closure, Prepayment Charges are "Nil" if Loan is pre closed through "Own Source"* of funds (It would be chargeable if closed through other than own source.)
Fixed Prepayment Charges are applicable if Housing Loan is not pre closed by "Own Source" * of funds
Loan cancellation Charges Cancellation charges of Rs 3000/- along with applicable interest amount from the date of disbursement till the date of cancellation will be charged.
Full Foreclosure Charges 4% of Pricipal outstanding + Taxes
Partial Payment Charges Rs.200/-