Loan against property is nothing but a loan which you avail by keeping your commercial/residential property as a collateral. Another name for Loan against property is a secured loan. The security in this kind of loan is the property owned by the person applying for the loan. The value of your property decides the amount of potential loan you will be sanctioned.
The types of Property against which LAP can be availed:
| Eligibility Criteria | Salaried Individual | Self-employed Individual |
| Age of the borrower should be between | 33 and 58 years | 25 and 70 years |
| Residential status | Resident of India | Resident of Delhi/NCR |
| Employment status | Should be a salaried individual employed in a public sector company, private company, or an MNC | Should be self-employed having a regular source of income |
| Maximum loan tenor available | Flexible tenor between 2 and 6 years | Flexible tenor up to 6 years |
| Identity Proof | Passport/ driving license/PAN card/ Photo credit card (with embossed Signature and last two months statement)/ banker's sign verification |
| Age Proof | PAN Card/ Passport/ Driving Licence/ School leaving certificate/ Voter's card/ Birth Certificate/ LIC policy (only for age Proof). |
|---|---|
| Address Proof | Passport/ Electricity bill/ Title deed of property/Rental agreement/ Driving license/ Election ID card/ Photo-credit card (with last two month statements) |
| Income Proof | Bank statement of the previous 6 months |
ULL is an organization dedicated to providing financial assistance to individuals and businesses in need. we offer credit facilities to individuals, sole proprietors, partnerships, companies, and other legal entities.
Copyright 2022 uttaranchalleasing - All Rights Reserved By uttaranchalleasing