All you need to know
Personal loan for all your needs
Higher credit score increases the chances of loan approval. Check your CIBIL score today and get free insights on how to be credit-worthy.
Check Credit ScoreHome Loan with instant approval starting
@ 8.75% p.a
All you need to know
Home Loan for all your needs
Calculators
Business loan to suit your growth plan
All you need to know
Business loan for all your needs
Get secured business loans with affordable interest rates with Tata Capital. Verify eligibility criteria and apply today
Know MoreExplore Used Car Loans
Explore Two Wheeler Loans
Calculators
Avail Loan Against Securities up to ₹40 crores
All you need to know
Explore Loan Against Securities
Calculators
Higher credit score increases the chances of loan approval. Check your CIBIL score today and get free insights on how to be credit-worthy.
Check Credit ScoreAvail Loan Against Property up to ₹3 crores
All you need to know
Loans for all your needs
Calculators
All you need to know
Calculators
All you need to know
*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 OD 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. 6 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. 6 months of bank statements
No, to avail a loan against property overdraft with Tata Capital, you don’t need to submit any property documentation. We offer a hassle-free application process that includes minimal paperwork for verification. All you need to do is submit a few necessary documents including your identity proof, residence proof, photograph, income details, and duly filled application form.
Yes, self-employed individuals may have to provide some additional documents. Some documents required for OD loan against property for self-employed individuals include –
1. ITR and Income computation for 2 years
2. Balance sheets and profit and loss statements for 2 years, with the chartered accountant’s sign and seal.
3. 6-month bank statements of personal and business accounts.
4. Signature verification
These additional documents are required because the income structures of self-employed individuals are much more complex and varied compared to salaried individuals. Business-related documents help evaluate creditworthiness.
If you are applying online, you must upload copies of all the documents required for an OD loan against property through the application portal. In case of an offline application, physical copies of all the documents must be submitted.
Yes, to apply for an OD against the 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 old 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 OD . 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 OD 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 6 months’ bank statements of all your personal and business accounts.
If you don’t provide any of the documents required for an OD 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.
No, there are no charges or costs for submitting the documents required for the OD loan against the property. The only charge you have to bear is a processing fee when you apply for your loan, which is 1% of the loan amount for residential and commercial properties.
Submitted successfully
Uh oh, something went wrong
Please try again later.
Start an SIP in minutes by signing up with the Tata Capital Moneyfy App. We are your one stop shop for all things investment.
SMS sent successfully!
An SMS has been sent to XXXXXXX051
Click on the link in the
message
to download the Moneyfy App.
Looking for a seamless loan experience? Get the Tata Capital Loan App and Apply for loans, Download Account Statement/Certificates, Track your requests & much more.
SMS sent successfully!
An SMS has been sent to XXXXXXX051
Click on the link in the
message
to download the Moneyfy App.
Thank you for subscribing
We will send news and updates to your registered email ID
rahul.sharma@gmail.com
Click allow button to receive notifications
SMS sent successfully!
