Loan Against Property Documents Required

When you apply for a Loan Against Property, you'll need to provide some documents. These documents are mostly similar across different lenders, but they might change a bit depending on your credit history, the type of property you own, where it's located, and other factors.

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Note: The documents required for a loan against property can vary from one lender to another. In addition to the above-mentioned list, lenders may request additional documents based on their individual policies and requirements. Documents Required for Loan Against Property

List of Loan Against Property Documents for Salaried Applicants

For salaried applicants, the documents needed for a Loan Against Property (LAP) include:

Identity Proof (any one of the following):

• Voter’s ID
• Employee ID
• Ration card
• PAN card
• Bank passbook
• Passport
• Driving License

Address Proof (any one of the following):

• Rent agreement
• Electricity bill
• Ration card
• Telephone bill
• Passport
• Driving License
• Bank passbook or statement

Proof of Job Continuity (any one of the following):

• Current employment certificate
• Current job appointment letter (if employed at the same job for over 2 years)
• Experience certificate (covering previous job details, including appointment and relieving letters)

Residence Ownership Proof (any one of the following):

• Electricity bill
• Maintenance bill
• Property documents

Copies of all Property Documents:

• Latest maintenance bill
• Sales deed/copy of Agreement
• Share certificate (if society formed)

Income Proof (any one of the following):

• Form 16
• Income tax returns for the past 3 years
• Bank statements (covering the last 6 months) or salary slips for the last 6 months

Other Important Documents:

• Processing fee cheque
• Sanction letter and payment track record of existing loans (if applicable)
• Proof of investments: Shares, fixed deposits, fixed assets (if any)

List of Documents for Loan Against Property for Self-employed Applicants:

For self-employed applicants, the documents needed for a Loan Against Property (LAP) include:

Address Proof (any one of the following):

• Rent agreement
• Electricity bill
• Ration card
• Telephone bill
• Passport
• Driving License
• Bank passbook or statement

Identity Proof (any one of the following):

• Voter’s ID
• Employee ID
• Ration card
• PAN card
• Bank passbook
• Passport
• Driving License

Income Proof (any one of the following):

• Latest 1-year bank statement (both savings and current)
• Last 3 years Income tax returns of the applicant with income computation attested by a Chartered Accountant
• Audited balance sheet and Profit & Loss accounts, including tax audit report if applicable

Office Address and Ownership Proof (any one of the following):

• Electricity bill
• Maintenance bill
• Property documents

Business Existence Proof (any one of the following):

• Saral copy (3 years old)
• Copy of tax registration
• Sales deed or agreement (executed)
• Company registration license

Copies of all Property Documents:

• Latest maintenance bill
• Sales deed/copy of Agreement
• Share certificate (if society formed)

Other Important Documents:

• Processing fee cheque
• Sanction letter and payment track record of existing loans (if applicable)
• Completed application form with photograph attached
• Professional degree certificate (for professionals)
• Proof of investments such as shares, fixed deposits, or fixed assets (if any)