Check property papers
Ownership, title, tax, approval, and chain documents should be clear.
Secured finance
Loan Against Property
Use an eligible residential or commercial property to check secured loan options for a larger need.
Before you start
Loan Against Property Eligibility and Document Guide
Property ownership, legal papers, value, income, and existing loans are important for this secured loan.
Important before you apply
Key points to consider for Loan Against Property
Check these points carefully before choosing an option or starting your application.
Understand valuation
The lender may approve only a part of the property value after legal and technical checks.
Plan repayment safely
Missing payments can put the mortgaged property at risk.
22 eligibility points
Eligibility Criteria
See the basic conditions normally checked before you can apply.
Eligibility Criteria - Indian Market Baseline
Applicant
- Resident Indian / Indian citizen as per lender policy.
- Salaried, self-employed professional, self-employed non-professional and eligible non-individual entities, depending on lender.
- Minimum age commonly 21 years.
- Maximum age varies widely by lender/product and should be checked at maturity; some NBFC LAP products permit materially higher ages than standard bank retail loans.
Credit
- 650-700+ may be considered depending on lender; 700+ is a stronger portal pre-screen.
- Clean repayment history and manageable existing obligations.
Income / continuity
Salaried
- Stable public/private-sector employment.
- Some large NBFC products ask around 3 years work experience.
Self-employed
- Stable business/profession; some products ask around 3-5 years continuity.
Property
- Applicant/co-applicant must have acceptable ownership/title rights.
- Property must be in a lender-serviceable location.
- Clear, marketable title.
- No unacceptable legal dispute/encumbrance.
- Property must pass lender legal and technical valuation.
- Loan amount depends on property valuation, LTV and repayment capacity.
- Property type/age/usage must be acceptable under lender policy.
34 document points
Document Requirements
Check which clear and valid documents you should keep ready.
Document Requirements
KYC
- PAN
- Identity/address OVD
- Photograph
- Signature verification where required
Salaried income
- Latest 3 salary slips
- Form 16, commonly up to 2 years
- Bank statements, commonly 6-12 months
- Employment proof / employee ID, where required
- ITR if lender requests
Self-employed income/business
- ITR, commonly 2-3 years
- Audited Balance Sheet and P&L
- GST returns where applicable
- Business registration/profession proof
- Bank statements, commonly 6-12 months
Core property papers
- Sale deed / title deed
- Chain of title / previous ownership documents
- Registration documents
- Encumbrance certificate or lender-equivalent title search documents
- Latest property-tax receipts
- Approved building / layout plan
- Occupancy Certificate / Completion Certificate where applicable
- Society/association NOC where applicable
- Mortgage-related documents
- Mutation / municipal records where applicable
- Lease deed / lessor permission for leasehold property, if applicable
- Any lender legal/technical due-diligence documents
Commercial-property additions can include
- Trade licence
- GST/business address proof
- Utility bills in business/entity name
Simple steps
Check a loan against property in three steps
Follow these three simple steps.
Check your eligibility
Review the income, age, credit, and document points for a loan against property.
Compare current options
Check the available lender options, total cost, EMI, and important terms.
Apply and track
Continue in your secure account and follow every application update.
Reference Basis
These public sources were checked for this guide. Rules can change, so open the source for the latest official information.