Know Your Eligibility For The Loan Against Property (LAP)
Loan Against Property Eligibility
lonababa.com is the leading and fastest growing online loan portal offering a wide range of loans to a diverse and nationwide consumer base. We have the fastest loan approval process, and our representatives will reach you through phone within a few minutes of your filing the application online. Depending on the income profile, the following individuals are eligible to apply for a loan Against Property on laonbaba.com. See whether you adhere to loan against property eligibility.
- Individuals who are in permanent service and work in government organizations, institutions and PSUs and in reputed private sector firms
- The applicant must be at least 24 years of age and can be a maximum of 60 years of age at the end of loan tenure
Self-employed and other professionals
- All skilled and self-employed professionals like doctors, dentists, engineers, chartered accountants, company secretaries, accountants and others
- The applicant must not be less than 24 years of age and not more than 65 years of age at the end of loan tenure/loan maturity
LRD or Lease Rental Discounting
All Indian resident individuals can apply for lease rental discounting loans. The lessee company must be defined by the companies Act of 1956
At loanbaba.com, you can avail a loan against any kind of residential or commercial property (occupied-by-self or rented) through a fast process that can be accomplished online itself.
The documents required for the LAP may be uploaded online or submitted to the bank representative who reaches you within 2 days of your filing the LAP application online. You would require an identification proof (voter id, pan card among others, residence proof (passport, driving license, etc.), bank statements (showing your income or salary of the past 6 months) and lease agreement (for lease rental discounting loans).