As I was gearing up to start my own business, I was in need of some funds and I decided to take out a loan on my property. Since I had an Axis bank account, I decided to opt for the loan from there. I called the customer helpline number of the bank and asked them what are the documents required for loan against property?
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What Documents Required for Loan Against Property?
The executive told me that I have to provide proof of identity, proof of address, date of birth proof, signature proof and proof of income. I have added the list of documents that I was asked to submit below.
Type of Documents | Documents |
Mandatory Documents | Duly filled Application Form and PAN Card |
Proof Identity | Passport, Aadhaar Card, Driving License, Voter ID. |
Proof of Address | Aadhaar Card, Driving License, Voter ID, Utility Bill, Property Tax Receipt. |
Date of Birth Proof | Passport, PAN Card, Aadhaar Card, Driving License, Birth Certificate, SSC Mark sheet. |
Signature Proof | Passport, PAN Card, Banker’s Verification. |
Proof of Income (Salaried) | 3 months pay slip, 6 months pay slip, 6 months bank statement showing salary credits, 2 yrs Form 16. |
The Axis Bank customer support guy also told me that other than the mandatory documents, I have to provide any one of the other types of documents. I hope you find this helpful.
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Loan against property is a type of secured loan which is provided by the banks and financial institutions in exchange of a residential or commercial property. The property is treated as a security to get loan at lower interest rate. The loan against property is offered to salaried as well as self employed people. In this answer let us look at the list of documents required for loan against property. Read on!!
What are the documents required for loan against property?Here is a list of documents you would need to get loan against property. You can find the documents required for salaried and self employed people:
For salaried employees:Duly filled Application Form with Photograph
Proof of age (aadhaar card, passport, etc)
Residence proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)
Educational degrees
Salary slips for past 3 months
Last 2 years Form 16
Bank statement for last 6 months
Photocopy of title of property, approved plan
Duly filled Application Form with Photograph
Proof of age (aadhaar card, passport, etc)
Residence proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)
Educational degrees
Certificate and proof of business existence along with business profile
ITR of last 3 years
Bank statement for last 12 months from business and self
Photocopy of title of property, approved plan
This is the complete list of
documents required for loan against property.
What are the Documents Required for Loan Against Property?
Ankit
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3 Year
2021-08-12T11:57:23+00:00 2025-02-17T16:06:30+00:00Comment
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