Documents required for Loan against property

It can be said that Loan Against Property implies the most secure method for availing a credit. One of the reasons is that the process of availing IIFL Loan Against Property is very simple and hassle-free. You can get your documents ready and avail the home loan against it. When you apply for the LAP, ensure to keep No Objection Certificate (NOC) and property papers ready. Loan Against Property can be availed by self employed, salaried, partnership firms & private limited companies.

To make your application process simpler, here is a list of documents that you will need:

Document Type

  • Click here to Download application form
  • PAN Card (mandatory) and any one of the below documents:

    1. Voter Card
    2. Aadhar Card
    3. Valid Passport
    4. Driving License
    5. Photo Credit Card
    6. Photo Identity card issued by Govt. body
    7. Letter from recognised public authority or public servant verifying the identity of the customer with photograph (not more than 30 days old)
  • Any one of the below documents:

    1. Voter Card
    2. Aadhar Card
    3. Valid Passport
    4. Letter from a recognized public authority or public servant verifying the identity and residence of the customer
    5. Latest Utility bill
    6. Rent agreement on stamp Paper
    7. Bank Statements reflecting address of borrowers of any commercial nationalized bank
    8. Credit Card Statement not older than 3 months
    9. Life Insurance Policy
    10. Residence address Certificate /letter by employer on company letterhead
    11. Copy of Sale Deed of the property (residence), if owned
    12. Municipal or property tax receipt
    13. Post office saving bank account statement
    14. Pension or family pension payment orders (PPOs) issued to retired employees by Govt. departments or Public Sector Undertakings, if they contain the address
    15. Letter of allotment of accommodation from employer issued by State or Central Govt. departments, statutory or regulatory bodies, and public sector undertakings, scheduled commercial banks, financial institutions, and listed companies. Similarly, leave and license agreements with such employers allotting official accommodation
    16. Documents issued by Govt. departments of foreign jurisdiction and letter issued by Foreign Embassy or Mission in India
  • All the documents given below:

    1. Last 2 months salary slip
    2. Last 6 months bank statement of salaried account
    3. Latest Form 16 / ITR
  • Documents related to running loans along with 6 months repayment bank statements
  • All the documents given below:

    1. Copy of complete chain documents of the property (as applicable)
    2. Copy of Approved Plan (if applicable)

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