Eligibility Criteria & Documents Required for LAP
Nationality, age, CIBIL score and occupation requirements, plus the document checklist for a Loan Against Property.
Eligibility Criteria & Documents Required for LAP
Eligibility Criteria
- Nationality: Must be PIO. NRI are also allowed*
- Age: The applicant must be between 21 years to 70 years
- CIBIL Score: A CIBIL score of 600+ or higher is ideal to get a home loan/loan against Property (LAP)
- Occupation: Salaried employee, a Professional Individual, and a self-employed professional.
Documents Required
- KYC Documents (Identity and address proof)
- Proof of Income (Salary slips or P&L Statement)
- Proof of Business (for self-employed applicants)
- Account statement for last one year
- ITR for last two years.
- Property Documents