We provide you with Loan Against Property with a simple eligibility criteria and minimal paperwork. Thereby, ensuring an easy and quick process to fulfil your financial needs.
| Salaried Individuals | Self-Employed Individuals | Firm / Company | |
| Eligible Borrowers | Salaried Individuals working with LLP / Private Limited / Public Limited Companies |
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Partnership or Private Limited companies engaged in Manufacturing, Servicing or Trading |
| Age | Applicant must be of minimum 25 years at the time of loan application and maximum 65 years or retirement age, whichever is earlier | Applicant must be of minimum 25 years at the time of loan application and maximum 65 years or retirement age, whichever is earlier | Proprietor / Key Partner / Key Director should be of minimum 25 years at the time of loan application and maximum 65 years at loan maturity. |
| Income | Net monthly take home salary should be at least ₹ 25,000 | Gross annual income should be minimum ₹ 3 Lakhs | Annual turnover should be of minimum ₹ 10 Lakhs |
| Experience / Vintage | Minimum Stability of 1 year in the current company with total minimum experience of at least 2 years |
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Business stability / Vintage of minimum 3 years in the same business |
| Citizenship | Individuals with Indian Citizenship | Individuals with Indian Citizenship | Proprietor / Partners / Directors with Indian Citizenship |
| Salaried Individuals | Self-Employed Individuals | Firm / Company | |
| Identity Documents |
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| Address Proof |
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| Income Documents |
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| Bank Account Statement | Latest 6 months’ bank statement evidencing salary credits | Operative bank account statement for last 6 months | Operative bank account statement for last 6 months |
| Property Documents | Property documents along with legal & technical clearance of the property | ||
*The above list is indicative and additional documents may be required during processing of your application.
Fill in your basic details on the online form.
Submit your KYC, Income documents, Bank account with a copy of property documents statements.
Application will process for a quick verification and assessment of your documents.
Get the loan approval in a hassle-free and quick process.
That’s it! Your Loan Against Property gets instantly disbursed.
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Formerly Known as Magma Housing Finance Limited
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