Documentation

Documents Required for a Loan Against Property

Whether you are a salaried person or self-employed, we have a customised solution for you. Ruloans streamlined loan-process requiring minimal documentation guarantees a hassle-free memorable experience.

You will be required to furnish the following documents to initiate the loan process and avail a LAP at the earliest.

List of Documents Required for LAP

Photo Identity Proof

Voter ID
Passport
Aadhaar Card
Driving License

Age Proof

Voter ID
Passport
Driving License
Aadhaar Card
Birth Certificate
Secondary School Leaving Certificate
Pension Payment Order or Receipt
LIC Policy

Address Proof

Rent Agreement
Ration card
Passport
Driving License
Electricity Bill
Property Tax Receipt
Water Bill
Telephone Bill
Credit Card Bill

Income Proof

3 Months Salary Statement
6 Months Bank Statements

Income Tax

Form 16

Employment Proof

Employers Letter
Identification Card

Mortgage Property Documents

Sale Deed
Allotment Possession Letter
Society NOC
Occupancy Certificate
Form 7/12
Form 8A
Sale Deed
Stamped Agreement of Sale
Allotment Letter
No Objection Certificate or NOC
- Housing Society
- Builder
Possession Certificate
Land Tax Receipt

Existing Loan Documents if any

Additional Documents

Loan Against Property for Self-Employed, Non-Salaried and SMEs

Self-Employed, Non-Salaried and SMEs seeking funds as Loan Against Property will have to furnish additional documents listed below to commence the loans process.

Proof of Business
- PAN
- GST Registration Certificate
- Trade License Partnership Deed
- Article of Association
- Memorandum of Association
- Import Export Code
- Registration Certificate
- Professional Practice License for Doctors, Consultants, etc
- Registration Certificate of Establishment for Shops, Factories, and Other Establishments
- Business Address Proof

Income Proof - Financial Statement Audited by CA
- Profit and Loss Account Statement
- Balance Sheet
- 6 Months Bank Statements
Income Tax
- 3 years Income Tax Returns or Assessment Orders
- Advance Income Tax Paid

Related Blogs

Latest LAP News From Blog

by Ruloans
17 May, 2018

Why Take A LAP To Fund Your Child's Overseas Education

LAP or loan against property is a type of secured mortgage loan. One can use a loan against property to fulfil their various personal as well as professional needs. You can use the funds taken from loans against property to fund your child oversees education. Paying for a foreign university from India can be pretty exhausting on your wallet.

by Ruloans
08 January, 2020

Pay these major Wedding expenses with a Loan Against Property

The funds taken from loan against property can be used to pay various expenses of a wedding in Mumbai. You can have a grand wedding of your dreams by taking a LAP in Mumbai.

by Ruloans
19 September, 2020

Loan Against Property for Medical Treatments

When you choose Ruloans, you can expect the best customer service and our USP which is to help the customer right throughout the mortgage loan process until the application is approved. All of these services will be provided free of cost.

Reviews

What Our Clients Say

I really liked the loan against property by Ruloans. The moment I applied for it I got a call from their representative for further process. My documents were collected from home and the process was completed on time. A big thanks to Ruloans.

Subhash Verma

DGM

My loan against property was taken through Ruloans. It was a smooth process and they regularly updated me with the developments. Even they sanctioned my loan in a proper time frame. Surely recommended.

Devesh Waghela

Shopkeeper

I have purchased a loan against property via Ruloans. I'm comparing with other banks about the interest rate and the service has been good. I got the loan amount of Rs. 10 lakhs and the total tenure period of the loan is 15 years. I never faced any issues with this loan. I compared the rates of different banks and choose the best one. A good experience.

Sandesh Vishwakarma

Manager

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