Information
Meet funding requirements for education, marriage, healthcare or any personal commitments by applying for a Loan against Property at Saraswat bank. With minimum documentations and quick approvals, you can mortgage your residential or commercial properties for taking a Loan against Property.
Eligibility:
-
Salaried
- Businessmen
- Professionals
- Proprietary
- Partnership Firms
- Private Limited Companies.
- The Property can be residential or commercial in nature
Loan Limit:
Repayment Period:
-
Revolving line of credit
- Term Loan with maximum repayment period of 10 years
Security:
-
By way of Mortgage (Legal / Equitable) of residential or commercial property
- The property should be owned by the Applicant or Spouse
- In case of Private Limited Company, the property acceptable as security can be in the name of the company or any of the Director
Documentation:
-
Duly filled prescribed application form
- Photograph, Photo Identity & Residence Proof of the Applicant & Guarantor
- Income proof (as applicable):
a) Salaried person: Salary slips for last 3 months or ITR/Form 16 for last 2 years and bank account statement
b) Businessman/Professional/self employed: Last three years audited profit & loss account and balance sheet, ITR with computation of income for last 3 years and Bank account statement for last 3 months. Documents for creating Mortgage as per list provided by bank
