Loan Against Property in Bidar. Do you own a residential, commercial or Industrial property, if Yes, then Loan Against your Property is best suited to fulfill your business or personal needs. This type of loan can be availed by salaried and self-employed individuals. Loan Against Property can be used for Business Expansion, Working Capital, Personal Expenses etc…
“Our favorite holding period is forever”. Warren Buffett
Advantages of LAP (Loan Against Property)
LAP mostly used for the below purposes from businesses:
For Business Expansion
As an Alternative to Working Capital Loans
Leverage an unutilized assets to expand and growth business
LAP offers longer tenures of repayment leading to better repayment schedule
Loan against property is collateral back borrowing. The loan amount, eligibility and interest rates are directly related to type of property offered as collateral along with borrower's financial ability on repayment.
Borrower gets around 60% to 90% of the value of the property as loan, provided his repayment capacity aligns with the limit one is seeking to avail the loan.
Identity Proof and PAN Card, mandatory.
Residential Address proof in the form of an Aadhaar card, passport, voter ID card, registered rent agreement, landline bill, driving license, bank statement or passbook. You may also need to provide utility bills of the last 3 months.
Registered Sale Deed, or Lease Deed, or Conveyance.
Past sale deeds chain comprising each of the transactions related to the property since it was allotted for the first time.
Latest utility bill.
Latest House tax return or receipt.
Form 16 of the last 3 years, salary slip for the previous 6 months, last 6 months bank account statement representing salary credited to the account.
Application form with photo.
Identity Proof and PAN Card, mandatory.
Residential Address proof in the form of an Aadhaar card, passport, voter ID card, registered rent agreement, landline bill, driving license, bank statement or passbook. You may also need to provide utility bills of the last 3 months.
Office address proof, such as ownership, or lease, or rent agreement, or a utility bill.
Registered Sale Deed, or Lease Deed, or Conveyance.
Past sale deeds chain comprising each of the transactions related to the property since it was allotted for the first time.
Latest utility bill.
Latest House tax return or receipt.
Business profile
Certificate and proof towards the existence of business
Income Tax returns of the last 3 years for self and business, balance sheets audited or certified by a Chartered Accountant, profit and loss account, bank account statement for self and business for last 12 months.
Eligibility Criteria
Your eligibility depends upon your repayment capacity as determined by Banks and NBFCs. Things like your income, age, qualifications, number of dependants, spouse’s income, assets, liabilities, savings history, stability, property value and continuity of occupation are considered while computing your eligibility.
To access the initial eligibility below documents are required:
Property documents
Latest Bank Statement showing income for the past 12 months
Last three years Audited Financials
If you have the above documents ready and seeking a Loan Against Property to fulfill any of your business or personal goals do contact us , we would be happy to help you: Apply for Loan Against Property in Bidar.
For Business Expansion 
As an Alternative to Working Capital Loans
Leverage an unutilized assets to expand and growth business
LAP offers longer tenures of repayment leading to better repayment schedule 
Very competitive interest rates
Great way to consolidate the debt
Property documents
Latest Bank Statement showing income for the past 12 months
Last three years Audited Financials 
