Loan Against Property
Yash Housing Finance
- Online Loan Against Property of up to ₹ 5 Crore*
- Instant Provisional Sanction
- Digital Application Process
- Minimal Documentation
Loan Against Property
When you need money, you can use your asset—whether it's a residential, commercial, or special-use property—as collateral against a Loan. If you own a home, you can quickly resolve financial issues related to business expansion, a child's higher education, a wedding, or a medical emergency. By mortgaging your property, you can easily get a Loan. Your home can help you realize your goals. Take advantage of low-interest mortgage loans.
Features and Benefits of a Home Loan
Attractive Interest Rates
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Minimum Documentation
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Lowest Processing Fees
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Maximum Year Tenure
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Calculate Your Monthly EMIs
Loan Against Property: Interest, Documents & Eligibility
Loan Against Property documents
Our Loan Against Property (LAP) application process is straightforward. For loan approval, you must submit the following documents in addition to the signed application form if you are self-employed or employed.
- Aadhaar Card, PAN Card, Passport, Voter ID etc.*
- Salary Slips (for salaried individuals), Bank Account Statements, Income Tax Returns*
- Title Deeds, including chain of documents of the previous owners (if any), property approval plan and non-encumbrance certificate*
- Appointment letter, in case you are associated with a company for less than a year**
- Bank Statements of the last 6 months to check Loan repayment capability, if you have any ongoing Loan with the Bank*
- Passport size photographs of the applicant and co-applicant, to be affixed on the application form*
- Business profile documents for self-employed non-professionals.*Â
Mandatory documents for Loan against Property
- Proof of Identity
- Proof of residence
- Proof of income
- Property documents
Mortgage Loan Eligibility
For securing a mortgage loan, the following eligibility requirements must be met:
- Age: The applicant should be between the ages of 21 and 65, or the age of retirement.
- Type of employment: Individuals who work for themselves or for a salary are eligible.
- Credit Rating: Most of the time, you have to have a credit score of 700 or higher to be eligible.
- Citizenship: For a mortgage loan, applicants must be Indian residents.
- Stability of Income: For a loan to be approved, lenders evaluate the applicant’s income stability and may require proof of steady income.
- Ratio of Debt to Income: The Debt-to-Income (DTI) ratio of an applicant is looked at by lenders to see if they can comfortably afford mortgage payments.
Let’s talk with experience advisors.
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Frequently asked questions
Why is life insurance worth it?
There are many answers to the question of why is life insurance important. But by and large, the most important one is ensuring your family’s financial security and peace of mind. If anyone depends on your income, they would most likely struggle if you were to pass away. That’s why life insurance is so important to have. There are different types of life insurance policies, but essentially they all pay cash to your loved ones when you die. Money from life insurance can be used to cover daily living expenses, a mortgage or rent payments, outstanding loans, college tuition and other essential expenses.
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Who can be a life insurance beneficiary?
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What is the process for getting life insurance?
There are many answers to the question of why is life insurance important. But by and large, the most important one is ensuring your family’s financial security and peace of mind. If anyone depends on your income, they would most likely struggle if you were to pass away. That’s why life insurance is so important to have. There are different types of life insurance policies, but essentially they all pay cash to your loved ones when you die. Money from life insurance can be used to cover daily living expenses, a mortgage or rent payments, outstanding loans, college tuition and other essential expenses.
Can life insurance be affordable on a tight budget?
There are many answers to the question of why is life insurance important. But by and large, the most important one is ensuring your family’s financial security and peace of mind. If anyone depends on your income, they would most likely struggle if you were to pass away. That’s why life insurance is so important to have. There are different types of life insurance policies, but essentially they all pay cash to your loved ones when you die. Money from life insurance can be used to cover daily living expenses, a mortgage or rent payments, outstanding loans, college tuition and other essential expenses.
How long do services take to complete?
There are many answers to the question of why is life insurance important. But by and large, the most important one is ensuring your family’s financial security and peace of mind. If anyone depends on your income, they would most likely struggle if you were to pass away. That’s why life insurance is so important to have. There are different types of life insurance policies, but essentially they all pay cash to your loved ones when you die. Money from life insurance can be used to cover daily living expenses, a mortgage or rent payments, outstanding loans, college tuition and other essential expenses.
