Poonawalla Housing Finance Housing Loan
Loan Against Property Eligibility Criteria

Enjoy festivities with Loan Against Property

At attractive interest rates
starting @ 13%* p.a.

Quick Loan Processing

Quick Loan
Processing

Higher Loan Amount

Higher Loan
Amount

Know the eligibility criteria and documents required Loan Against Property

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.

Check List Logo

Loan Against Property Eligibility Criteria

Arrow Logo
Salaried Individuals Self-Employed Individuals Firm / Company
Eligible Borrowers Salaried Individuals working with LLP / Private Limited / Public Limited Companies
  • Proprietor / Partners / Directors
  • Self Employed Professionals like Chartered Accountant, Company Secretary & Doctors
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
  • Should be in the same business for at least last 3 years
  • Professionals with qualification of CA / CS / Doctor should have minimum 1 year of practice experience
  • Minimum Stability of 2 years in the current business / profession
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
Document Logo

Documents Required for Loan Against Property*

Arrow Logo
Salaried Individuals Self-Employed Individuals Firm / Company
Identity Documents
  • PAN Card
  • Aadhaar Card
  • Passport (Not Expired)
  • Driving License with Photo
  • Voters Identity card issued by the Election Commission of India
  • Job Card issued by NREGA duly signed by an officer of the State Government
  • PAN Card
  • Aadhaar Card
  • Passport (Not Expired)
  • Driving License with Photo
  • Voters Identity card issued by the Election Commission of India
  • Job Card issued by NREGA duly signed by an officer of the State Government
  • Firm / Company PAN Card, GST Registration Certificate (If applicable) and Other Applicable Registration documents
  • KYC of Partners / Directors (PAN Card and Aadhaar Card)
Address Proof
  • Aadhaar Card
  • Passport (Not Expired)
  • Driving License with Photo
  • Voters Identity card issued by the Election Commission of India
  • Job Card issued by NREGA duly signed by an officer of the State Government
  • Letter issued by the National Population Register containing details of name and address
  • Aadhaar Card
  • Passport (Not Expired)
  • Driving License with Photo
  • Voters Identity card issued by the Election Commission of India
  • Job Card issued by NREGA duly signed by an officer of the State Government
  • Letter issued by the National Population Register containing details of name and address
  • Electricity bill for owned premises
  • Rent agreement for rented premises
  • Passport for Partner / Directors
Income Documents
  • Latest 3 months’ salary slip
  • Form 16
  • Income Tax Returns along with computation for last 2 years
  • Profit/Loss statement and balance sheet for last 2 years
  • Income Tax Returns along with computation for last 2 years
  • Profit/Loss statement and balance sheet for last 2 years
  • GST Returns
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.

How to Apply For Loan Against Property in 5 Easy Steps?

Circle
Apply Online Logo
Apply
Online

Apply Online

Fill in your basic details on the online form.

Circle
Submit Document Logo
Submit
Documents

Submit Documents

Submit your KYC, Income documents, Bank account with a copy of property documents statements.

Circle
Verfication Logo
Verification

Verification

Application will process for a quick verification and assessment of your documents.

Circle
Quick Approval Logo
Quick
Approval

Quick Approval

Get the loan approval in a hassle-free and quick process.

Full Circle
Easy Disbursal Logo
Easy
Disbursal

Easy Disbursal

That’s it! Your Loan Against Property gets instantly disbursed.

Blogs For You

Calling logo Get a Call Back Apply Now logo Apply Now