Apply Bank Of Baroda Loan Against Property in Bangalore
Bank Of Baroda Loan Against Property in Bangalore
Apply for Bank Of Baroda Loan Against Property
About Loan Against Property
A loan against property (LAP) is exactly what the name implies — a loan given or disbursed against the mortgage of property. The loan is given as a certain percentage of the property’s market value, usually around 40 per cent to 60 per cent.
Loan against property belongs to the secured loan category where the borrower gives a guarantee by using his property as security.
Eligibility
- Repayment ability: Applicant should have been employed by your current organization or been involved in your business for a certain number of years
- Age: Applicant must qualify for the applicant age bracket defined by the lending institution Credit
- Rating: Applicant should have the bank specified credit score and suitable credit history Existing
- EMIs: Applicant should not have any other loan liabilities or must have strong ability to take addition debts.
Documents Required
- Passport Size Photographs
- Identity Proof: Aadhar Card, Voter’s ID Card, Employer issued ID card, Driver’s license, Passport Ration Card, Electricity bill etc
- Proof Of Age: Birth Certificate, Secondary school certificate(class 10), Passport
- Address Proof(like ration card, electricity bill etc)
- Income Proof
Bank Of Baroda had made the approval processes of loan Against Property much simpler and faster by minifying the required documents .
Contact Number
9482585670