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Loan Against Property

To fulfill your immediate need of cash for business or personal needs, applying for LAP can be an excellent financial option. PaisaBuddy gives Loans Against Property (LAP) facility at attractive interest rates to meet your current financial requirements without selling it. You just have to mortgage your existing commercial or residential property as collateral to get a loan. The funds will be raised in a short period of time based on the submitted documents and valuation of the property. Our customer care team will handle your property records and documents in a sensible manner.

The Paisabbuddy Loan Against Property offers you some great advantages:

  • You can avail of loans ranging from Rs 3 lacs to Rs 1 crore
  • You can avail of tenures up to 15 years
  • Eligibility up to 70% of the property market value
  • We provide you customized product offerings to suit your requirements
  • There are several easy repayment options you can avail of
  • Loans are processed in a quick and efficient manner
  • You can enjoy reduced EMI with longer term tenures
  • Flexible part prepayment options are available
  • Insurance options for Life and Property is provided at an attractive premium
  • You need to be at least 1 years in business (for Self-employed) or have 5 years work experience (for salaried individuals) 
  • The age requirement is minimum 23 years of age at the time of taking the loan and maximum of 70 years of age at the time of maturity

Who is Eligible?

  • Sole Proprietors and Partnership Firms
  • Micro Small and Medium Enterprises
  • Salaried and Self Employed Professionals

Here is an indicative list of documents that will be required to apply for a Loan Against Property from PaisaBuddy

  • Copy of PAN card
  • Copy of Aadhar Card
  • Last 1 year Bank statement of all bank accounts
  • Last 6 months salary slip from current organization.
  • Form 16
  • Copy of ITR for Last 3 years
  • Sanction Letter of any ongoing loan along with Loan repayment schedule and Statement Of Account
  • Copy of Title Documents of the property,
  • Approved Plan
  • Processing fee cheque

 

  • Copy of PAN card of business
  • Copy of Aadhar Card of Proprietor
  • Firm’s Certificate of Incorporation
  • Registration Certificate of Firm
  • Last 1 year’s Bank statement of all bank accounts of proprietor and firm
  • Last 3 year balance sheet and P & L of firm
  • Last 3 year ITR
  • Sanction Letter of any ongoing loan along with Loan repayment schedule and Statement Of Account.
  • Copy of Title Documents of the property,
  • Approved Plan
  • Processing fee cheque
  • Copy of PAN card of business
  • Copy of PAN card of all partners
  • Copy of Aadhar Card of all partners
  • Firm’s Certificate of Incorporation
  • Registration Certificate of Firm
  • Partnership Deed
  • Last 1 year Bank statement of all bank accounts of Firm
  • Last 6 Months Bank Statement of all bank Accounts of all Partners.
  • Last 3 year balance sheet and P & L of firm.
  • Last 3 year ITR
  • Copy of Title Documents of the property,
  • Approved Plan
  • Sanction Letter of any ongoing loan along with Loan repayment schedule and Statement Of Account
  • Processing fee cheque
  • MOA and AOA of Company
  • Copy of PAN card of Company
  • Copy of PAN card of directors
  • Copy of Aadhar Card of directors
  • Company’s Certificate of Incorporation
  • Registration Certificate of Company.
  • Last 1 year Bank statement of all bank accounts of company.
  • Last 3 year audit report, balance sheet and P & L of company.
  • Last 3 year ITR of Company
  • Copy of Title Documents of the property,
  • Approved Plan
  • Sanction Letter of any ongoing loan along with Loan repayment schedule and Statement Of Account
  • Processing fee cheque

* Loans are at the sole discretion of PaisaBuddy and are subject to guidelines of the Reserve Bank of India. PaisaBuddy may engage the services of marketing agents for the purpose of sourcing loan assets in certain locations.

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