Loan Against Property

1. Dropline Overdraft
2. Term Loan

• For business purpose
• Balance Transfer of Existing limits/loans with other banks
• Consolidation of debt

• Individual (Proof of the business to be submitted)
• Proprietorship concern & Partnership firm
• LLP
• Private & Public Limited Companies

• 21 years

• 70 years (Income Considered)
• 75 years (Property owner & Income not considered) Maximum Age at the time of Loan maturity

• ITR Filing for the Past 3 year
• GST Returns (for Non- Individuals borrowers)
• Bank Account Statement Latest 1 Year - Epdf

The firm should be a profit making entity continuously for the past 3 years.

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• Residential properties / Commercial Properties located in Corporation or Municipality shall be accepted
• Panchayat residential plot situated in prime location can be accepted, if total extent is below 30 cents
• Industrial Properties can be accepted along with residential & Commercial properties
• Spouse of property owner is to join as guarantor.

• PAN Number
• KYC Docs (Copy of PAN Card and Aadhaar Card and Photographs)
• Proof of entity (Sole Proprietorship Declaration/ Memorandum and articles of association of the Company/Existing Partnership Deed etc.)
• GST Registration Certificate ( Non Individual borrowers)
• Latest 3 year ITR
• Latest 1 Year Bank Account Statement- Epdf

Title deeds, Possession Certificate, Encumbrance certificate, location certificate and sketch, Building Tax Paid Receipts, Land Tax paid receipts etc.

• Local Body License/ Statutory license (to be obtained and kept in records)
• INW statement of Individuals, Proprietors, Partners, promoters and guarantors.
• Rent Agreement, NOC from Tenants (if property is let out).
• Any other documents/license as required on the basis of line of activity