Home Loan/LAP

Home loan is a secured loan provided against the house/ property and that property could be a personal or a commercial one. The basic purpose of taking a home loan is for purchasing a new house, for renovation, repair or extension of the house or expansion of existing home or for construction of a new home or for purchasing a new land on which the borrower can further construct a house.

Document Required For Home Loan:

The Various documents required for a home loan are Salary Slip, form-16, Six Months bank statement, ID proof, residence proof, copy of property papers and other supporting documents. For self employed bank require balance sheet, profit & loss account, Bank Statement copy of property papers and other supporting documents.

Loan Against Property

Loan Against Property is a loan taken against a house or a plot which a person have to mortgage. As compared with personal loan this is much cheaper loan and the loan is given against the certain percentage of the property value, usually upto 65%

Document Required For Home Loan/LAP:

The Various documents required for a home loan are Salary Slip, form-16, Six Months bank statement, ID proof, residence proof, copy of property papers and other supporting documents. For self employed bank require balance sheet, profit & loss account, Bank Statement copy of property papers and other supporting documents.