
#loanagainstproperty
Know more about Loan Against Property Loans
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*Salaried individuals can provide the Latest salary slips, last 2 years form 16, or ITR.
*Self-employed individuals and non-individuals must submit P&L statements and balance sheets.
Yes, you must submit a few income-related documents when applying for an Hybrid Term Loan Against Property. The documents you need may vary based on whether you are a salaried or self-employed individual.
For salaried individuals, the documents required are-
1. 3-6 months’ pay slip
2. 12 months of bank statements
3. 2 years form 16 or proof of employment continuity
For self-employed individuals, the documents required are-
1. 2 years ITR and computation of income
2. 2 years of P&L statements and balance sheet attested by your chartered accountant
3. 12 months of bank statements
Yes, to avail a Hybrid Term Loan Against Property with Tata Capital, you need to submit property documentation. We offer a hassle-free application process that includes minimal paperwork for verification.
Yes, to apply for an Hybrid Term Loan Against Property, you must submit age and residency-related documents.
To be eligible for this loan, you must be at least 23 years old at the time of application and up to 65 years for Salaried & 70 years for Self-Employed at the time of loan maturity. You need to submit any of the following documents as proof of age-
1. Aadhaar Card
2. PAN Card
3. Birth Certificate
4. Driving Licence
5. Passport
Proof of address is one of the documents required for an Hybrid Term Loan Against Property . You may submit any one of the following as residency proof-
1. Aadhar Card
2. Driving Licence
3. Voter ID
4. Property Tax Receipt
5. Landline bill
6. Gas Bill
7. Govt Issued ID Card
Yes, it is necessary to present bank statements for an Hybrid Term Loan Against Property. This helps us verify your income and financial stability. If you are a salaried individual, you need to submit 6 months of bank statements of your personal account showing salary credits. If you are self-employed, you must present 12 months’ bank statements of all your personal and business accounts.
If you don’t provide any of the documents required for an Hybrid Term Loan Against Property, it results in difficulties in assessing your eligibility and creditworthiness. This may prolong your loan approval loan against property process or even result in your application being rejected.
Submitting as many necessary documents as possible is advised to increase your chances of securing the loan and receiving better terms.
At Tata Capital, we focus on quick loan approvals. Once you submit all the necessary documents, we will start the verification process to determine your eligibility for the loan. Upon verification, if all checks out, you can expect the loan to be approved and disbursed within only a few days.