Loan Against Property

Home Loan

Shravani Fincorp

is a Finance Company that provides secured Morgage loans and bridge financing to small and medium-size corporates. We are the one-stop-shop for all types of lending solutions.

We manage the entire borrowing process for clients, starting by assisting our clients to choose the right product from the appropriate lending organization, till the time, the entire loan is disbursed.

Loan Against Property Eligibility

Securing a loan with shravani fincorp is simple, with minimal eligibility criteria, ensuring quick approval and prompt disbursal. The loan is evaluated on five key eligibility factors:

Age Criteria

Between 22 to 57 years.

citizenship

The applicant must be an Indian citizen.

Employment

Full-time job at specified organisations (Central Govt, PSU, MNCs, etc.) required for eligibility.

Work Experience

Minimum 1 year, with at least 1 month in the current job.

Required Document

Some required documents include last month's salary slip and others as needed.

Monthly Income

Net salary of at least ₹30,000 per month.

Required Document

To apply for a Personal Loan, just provide the following documents:

KYC documents

Government-issued IDs such as PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport.

Address proof

Rent agreement, utility bills, or passport.

Income proof

Latest salary slips for the last 3 months and bank statement of the past three months.

Co-applicant (Father/ Mother/ Wife)

Aadhar Card, PAN Card, Photo

Frequently Asked Questions

What is a Loan Against Property (LAP)?

A Loan Against Property is a secured loan where you pledge your residential, commercial, or industrial property as collateral to borrow funds

What are the eligibility criteria for a Loan Against Property?

Eligibility for LAP typically includes:

  • Age: Usually between 21 and 65 years.
  • Employment Status: Salaried individuals, self-employed professionals, and business owners are eligible.
  • Income: Your income should be stable, and lenders may set a minimum income requirement.
  • Credit Score: A good credit score (typically 650+) is preferred.
  • Property Ownership: The property should be in your name and have clear legal ownership without disputes.
What documents are required for a Loan Against Property?

You’ll need to provide proof of identity, proof of income (salary slips, tax returns), address proof, property documents (ownership papers, title deed), and bank statements.

How much can I borrow under LAP?

The loan amount usually ranges from 50% to 70% of the property’s market value, depending on your eligibility and the lender’s policies.

Shravani Fincorp provides secured loans and bridge financing to small and medium-size corporates. We are the one-stop-shop for all types of lending solutions.

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