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Loan Against Property Documents Required
Loan Against Property Documents Required
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Documents Required for Loan Against Property

Loan against property offers a wonderful cushion for any financial needs one may have from time to time. Loan against property can be taken against residential or commercial property, in which the property is collateral as a security to lenders. Loan against property is available for weddings, business expansion, home renovation, etc. There is no restriction on the utility of the loan that is borrowed. Applying for a loan against property is also very easy. Lenders evaluate the property as well as the applicant’s profile. In this article, we will see what kinds of documents are required for loan against property.

What are the documents required for loan against property?

There are specific documents required for loan against property since the pledged property is collateral. Lenders will ask for documents pertaining to the property. Over and above, one needs to submit proof of residence, proof of income, and proof of identity. Below is an indicative list of the property documents required for loan against property. Please note that depending on your profile and the lender’s policy, additional documents may be requested.

  1. PAN & ID proof.
  2. Proof of residence - Aadhaar Card, government utility bills, etc.
  3. Proof of income – 2 years form 16 and salary slips for salaried individuals, CA audited financials and IT returns for self employed, etc.
  4. Bank statements of the past 6 months.
  5. Property related documents verifying ownership & registration.

Documents required for loan against property in Grihashakti are divided into salaried and self-employed borrowers:

*Terms and conditions applicable. Loans are sanctioned at the discretion of Fullerton Grihashakti. Please note that Aadhaar numbers should be masked before submission as per regulatory guidelines.

Eligibility criteria for loan against property

Eligibility for loan against property is extremely clear. Salaried individuals and self-employed individuals can apply for a Grihashakti loan against property. Eligibility for both the types of employers is listed below:

Salaried Self-employed
MNCs/Listed Public Ltd. Cos/Govt.  Self Employed Individual businessmen/ Sole Proprietorship
Organizations Private Ltd Cos / Closely held or unlisted companies / partnerships /proprietorship firms Self Employed Professional - Doctors /Architect's / CAs    
  Partnership Firms
  Private Limited Companies/ Closely held/ Unlisted Companies

Additional criteria are:


  • Salaried applicants must earn at least INR 25,000 per month (metro city residents) or INR 20,000 (non-metro city residents). Cash salary applicants won’t be accepted.
  • Salaried applicants must have an overall work experience of at least 1 year, with at least 6 months in the current organization
  • Self employed applicants must meet the criteria for minimum profit after taxes and turnover as per industry type and Grihashakti’s policy at the time of loan application.
  • Applicants must have a minimum CIBIL score of 700 or higher.

How to apply for a Loan against Property?

Grihashakti has a robust process of loan approval and disbursal. You can apply for a loan against property online. You need to initiate by clicking on the “Apply now” button on this page and then enter some basic details. Then our representatives will get in touch with you to take the process forward. Once the application is accepted for evaluation, a unique tracking ID will be given to you. You can track the status of your loan with this ID. On final approval, the loan is disbursed to you. You can even use our online tool, the EMI calculator, before applying for a loan. It gives your complete transparency in your future monthly outflow. This helps you plan your financial goals more efficiently.

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