Apply Loan Against Property

Loan Against Property : We, at vconnectbank.com help you to get the loan against property at the minimum borrowing expenses. This is a secured loan and it can be taken against the residential or commercial Property. This loan is always much better options than the unsecured loan during the period of business expansion or at the time of finanacial crises. The borrower has to pledge the property as collateral security with the lending istitution. Banks / NBFCs are generally provide 50% to 65% of the property value as a Loan Against Property. Generally, Banks & NBFCs give the higher loan amount on residential property as a loan than the commercial property of the property value.

 

Loan Against Property can be provided to Salaried employees, Self- Employed or Business Persons along with NRI’s , sunject to eligibility & Sanction.

Below are the basic documentation required for the process of home loan application.

Financials :

Applicant and co-applicants

  • Photograph — All the applicants.
  • Identity proof – Pan Card / Passport / Others
  • Residence proof – Electricity bill / Telephone bill / Others
  • Salaried Person – Latest 3 months salary slips / Latest 2 years Form 16 / Income Tax returns / Latest 3 years job continuity proof / Others
  • Self-Employed Person — Office proof / Present Business legal entity Proof / Latest 3 years Income Tax Returns along with computation of Income & Lastest 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account / Business profile / Others
  • Bank statement – Latest bank statement of last 6-12 months
  • As per the bank requirement, It may ask for any Other documents while processing your Home Loan application before & after the disbursal.

Proprty Papers :

  • Original your registered sale agreement
  • All the Original Chain of agreements pertians to your Flat/Property
  • Original Share Certificate
  • Approved Bldg Plan copy (Blue Print) along wth CC copy
  • Builder / Society Original NOC
  • Society Registration Certificate copy
  • As per the bank requirement, It may ask for any Other documents while processing your Home Loan application before & after the disbursal.