Overview
It is a mortgage loan offered to individuals / firms / companies against their existing propertry. Typically the purpose of the loan is business expansion, debt consolidation, etc. , a LOAN AGAINST PROPERTY helps you unlock the hidden equity in your property holdings. You can borrow money using your property asa collateral and repay it in EMIS OVER TIME. This allows you to hold on to your property and and the same time raise funds for your business.
Who can apply?
LAP is available to both salaried and self-employed persons and against commercial as well as, residential property.
What document is required?
Front Crest Solutions Pvt Ltd promises to make it easy for everyone to borrow a personal loan. We understand your needs, so we have established eligibility criteria based on simple parameters.
In case of Salaried
- Latest 3 months salary slip / certificate for fixed salary / Latest Form 16
- Last 6 months bank statement/Passbook of the salary account
- Proof of Residence (Latest Electricity Bill, Utility bill, piped gas bill, telephone bill, Aadhar card, Passport, Voter ID, Driving License)
- Proof of identity (Valid passport, Voter’s ID, Valid Driving license with photograph, Pan card, Aadhar card)
- Copy of property paper to be mortgaged
In case of Self Employed
- IT- returns for the last 2 years along with computation of income certified by CA
- Last 6 months Bank statement for operative account both personal and business
- Proof of Residence (Latest Electricity Bill, utility bill, piped gas bill, telephone bill, Aadhar card, Passport, Voter ID, Driving License)
- Proof of identity (Valid passport, Voter’s ID, Valid Driving license with photograph, Pan card, Aadhar card)
- Copy of property paper to be mortgaged
- *All documents to be self attested