Depending on whether you are salaried, or a self-employed professional, or a self-employed businessman, banks ask for different set of Loan against Property documents.

The documents required for loan against property are as follow:

For salaried individuals:

●        Proof of identity and residence proof

●        Salary slips for past 3 months

●        Form-16 issued by current employer

●        Bank statements of salary account for the previous six months

●        A cheque covering the administrative costs/processing incurred by the bank in processing the application

For Self-employed Businesspersons

●        Proof of identity and residence proof

●        Educational qualification certificates, degrees, diplomas, and other academic credentials

●        IT Returns of the three years preceding the one in which loan is applied for

●        Bank statements of six months preceding the one in which loan is applied for

For Self-employed Professionals

●        Identity and Address proof documentation

●        Certificates that prove your academic qualifications/credentials

●        All registration/licensing certificate pertaining to your profession

●        Business existence proof/business profile details

●        Previous 3 years’ balance sheets as well as P&L Statement of the company.

●        Acknowledged Income Tax statements of the company and self for previous 3 years

●        Last 6 months’ bank statement.