Federal Bank Loan Against Property

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Right Documents - Easy Process

Required Documents to Apply for Federal Bank Loan Against Property

Salaried income documents

  • KYC of applicant & Co-Applicant
  • Last 3 Month Salary Slip of Applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 2 Year Form 16 of applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Appointment letter of applicant if available
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Latest utility Bill if owned residence or rent agreement if rented
  • 2 Reference with contact details

Self Employed person documents

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

1. KYC Means
If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo

Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If LAP is applied with Government Bank then 30 year chain is required
3. If applicant is professional, then his professional degree is required
Share & Apply

About Federal Bank Loan Against Property

You may avoid the unexpected panic brought on by a financial crisis by using a Loan Against Property (LAP). No matter how wealthy a person is, financial collapse can happen to anyone at any moment. When facing financial difficulties, the property provides a sense of security for the majority of people, but it often offers little in the way of everyday value. So why not make effective use of such security at times of need to deal with financial difficulties?

Apply for a Federal Bank Loan Against Property (LAP) with rates starting at 10.10% p.a. and a 10-year term. For a variety of company purposes, you could apply for a mortgage loan without any difficulty.

Are you a self-employed or a salaried individual lacking funds? Then applying for a loan against property is the one-stop solution for your issues. It would help if you started looking for some great banks near you offering your lowest interest rates and highest loan amounts to their customers. And Federal Bank is one of those right now, so we know more about Federal Bank Loan Against Property below in this article.

Advantages of Federal Bank Loan Against Property

  • Quick and easy loan approvals
  • Longer loan tenures
  • Attractive interest rates
  • Lowest processing fee of 0.50%
  • Loans for both residential and commercial properties
  • Flexible loan repayment options

Factors affecting Federal Bank Loan Against Property

  • Factors affecting Federal Bank Loan Against Property
  • Factors affecting Federal Bank Loan Against Property
  • You professional: if you are a salaried employee, the interest rates will be lower compared to the self-employed or businesspeople.
Work Process

Start with Federal Bank Loan Against Property in few steps

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

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