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Loan Against Property Documents

List of Documents Required for Loan on Property

Last Updated 20th Jan 2022

  • Application Form: Signed application form with photo
  • Identity Proof: Aadhar card, PAN, Passport, Voter ID card
  • Address Proof: Aadhaar card, Voter ID card, landline bill, registered rent agreement, driving license.
  • Income Proof: For salaried- Form 16, salary slips and bank statements and for self-employed bank statements, ITR and business proofs
  • Property Documents: Registered sale deed and house tax receipt and past sale deeds chain
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Mortgage Loan Documents

Mortgage loan documents play an important role in the loan against property application process. The bank collects the KYC, income and property documents from you in order to verify the authenticity of the loan applicant and property. They also ensure that accurate information is provided for the loan process. However, documents for loan against property vary among lenders depending upon the specific requirement. Here is the list of important documents required for land loan that are required by the banks or financial institutions to process your loan against property application.

Application Form and KYC Documents for Applying for Property Loan

Document Checklist Salaried Self Employed
Application Form with photo and signed by Primary Borrower and Co-borrower(s)
Identity Proof of Primary Borrower and Co-borrower(s)– PAN Card (Mandatory)
Residential Address proof of Primary Borrower and Co-borrower(s) – Any one of passport, Aadhaar card, voter ID card, landline bill, registered rent agreement, driving license, bank statement or passbook or utility bill. Bills and statements must not be more than 3 months old
Office address – ownership/ lease / rent agreement/ utility bill

Income Documents Required for Applying for Loan Against Property

Document Checklist Salaried Self Employed
Last 3 years Form 16, last 6 months salary slip, last 6 months bank account statement showing salary credit
Last 3 years ITR (self and business), profit and loss account, balance sheets certified/audited by a CA. Last 12 months bank account statement (self and business)
Certificate and Proof of Business Existence
Business Profile

Property Documents for Loan Against Property

Document Checklist Salaried Self Employed
Registered Sale Deed/ Conveyance/ Lease Deed
Latest utility bill
Past Sale Deeds Chain (each transaction in respect of this property since first allotment)
Latest House Tax Return/ Receipt

Documents for Transfer of Loan Against Property

Document Checklist Salaried Self Employed
Loan statement (loan track) and list of property documents (LOD) in possession of existing lender
Last 12 months statement of bank account from which loan EMI is paid

Additional Loan Property Documents Required For Self Employed/ Professionals/SMEs

Document Checklist Self employed SMEs
Income statements like past 3 months salary slips and 6 months bank statements. All financial documents to be attested by CA
Previous 12 loan statements (if loan taken)


How can I get a loan against my property without proof of income?

Getting a loan against property without proof of income is not an easy process . However, there are still a few ways which may help you to avail the loan against property without income proof:

  • You can take the loan with a co-applicant. This provides assurance to the banks about your ability to repay. The co-applicant will be considered as the main borrower since they have income proof.
  • You must maintain the minimum balance amount in a savings account or have sufficient funds. Sound banking activities increase the chances of availing a loan.
  • If there is any valid reason for not having fixed income then you may justify it to the bank authorities. Valid reasons may increase the chances of loan approval.

Can I get a loan without a salary slip?

Most banks ask for the salary slips for document verification, however, you can still avail a loan if you don`t have the salary slips by:

  • Requesting the employer for the receipt of the payment made or income certificate which may be accepted by banks.
  • You may also onboard a guarantor whose income can be used for eligibility. However, it needs to be checked with the lender for such approvals.
  • The bank account statement is another proof that the financial institution considers for your income provided the salary should be credited to the respective account.

How much property loan can be availed by the applicant?

An applicant can apply for property loan for maximum ₹ 10,00,00,000 depending upon the value of the property. Banks grant loans up to 90% of the property value. However, if you want a loan for more amount you can add a co-applicant as it increases eligibility of a borrower.

How much time will it take to get the loan against property after I submit the documents?

Once loans against land documents are submitted then it will take 4 days-7 days for document and property verification. If documents are not verified then it might take longer and the lender can ask you to submit a few more documents or reject the loan.

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