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Loan Against Property Documents Required

  • Required Documents - Address, Identity Proof, Bank statement, Ownership of Residence
  • Avail Instant Loan Against Property with Simple Procedure
  • Apply for a Loan with Muthoot FinCorp

List of the required documents for Loan Against Property

Maximise your opportunities with hassle-free loan against property by Muthoot FinCorp. Whether it is a financial emergency or a business dream, a loan against property is the safest way to fuel your requirements. Meet your expenses easily by pledging your collateral and availing your loan. We offer you utmost ease by accepting your queries online and getting in touch with you within hours to furnish your requirements. Simply fill in the application form and upload your scanned loan against property documents to begin the process.

List of Required Loan Against Property Documents

  • Address Proof (any one of the following documents)

Passport / Ration card / Voter ID / Driving License / Registered Rental Agreement / Electricity or Landline bill issued within the previous 3 months

  • Identity Proof (any one of the following documents)

Driving License / Voters ID Card / Passport / Ration Card / Driving License / Photo Credit Card / PAN Card / Employee ID card for Government servants

  • Proof of Ownership of Residence: Any one of the following documents
  1. Property Documents - Original sale deed/Possession letter/NOC from Society
  2. Maintenance Bill/Electricity Bill
  • Bank statement: Last six months statement of salary account 
  • Pre-existing loans: In case of any existing loan, you are required to submit the sanction letter and the record of payments made.
  • Investment proof (if any): Proofs of fixed deposit, fixed assets, shares, etc.
  • Advance processing cheque: for the processing of loan documents.

LOAN AGAINST PROPERTY DOCUMENTS FOR SALARIED PERSONS

  • Proof of profession (any one of the following):
  1. Current employment certificate
  2. Experience certificate (previous job certificate or appointment/relieving letter)
  • Proof of Income (any one of the following)
  1. Income slip (Last 2 months)
  2. Increment or Promotion letter
  3. IT returns (for 3 years)
  4. Form 16
  5. Certified letter from Employer

LOAN AGAINST PROPERTY DOCUMENTS FOR SELF-EMPLOYED PERSONS

  • Proof of business (any one of the following)
  1. Sales deed/agreement 
  2. Saral copy (3 years old)
  3. Copy of tax registration
  4. Company registration certificate/license
  • Proof of Income 
  1. Income tax returns of the applicant of previous 3 years along with computation of income attested by a Chartered Accountant
  2. Audited balance sheet, Profit & Loss accounts, including tax audit report, if applicable.

Fee & Charges required for Loan Against Property 

Muthoot FinCorp believes in making loans convenient and economical for you. We believe in supporting your dreams without conditions. So, we ensure that you incur minimum losses when taking a loan against property from us. At Muthoot FinCorp, you don’t have to worry about paying a high price for availing a loan or when foreclosing your loan.

Our fees and charges are decided keeping your monetary requirements as our priority. The following charges and fees are involved when availing a loan against property in India from Muthoot FinCorp:

  • Application fees: 0.5% of the amount applied for
  • Processing fees: 2.5% of the loan amount approved
  • Pre-payment fees: No fee is applicable if the loan is prepaid from own sources or if the loan had a floating rate of interest.

The above charges are subject to change as per Muthoot FinCorp policies. To know more about our policies, fees and charges, visit your nearest Muthoot FinCorp branch or call our customer care centre at 1800 102 1616.

How to Apply for Loan Against Property Online?

There are several ways to apply for a loan against property with Muthoot FinCorp. 

  • Submit your query on our website

Step 1: Check your loan against property eligibility on our website. All the eligibility conditions are mentioned on the website. 

Step 2: Submit your details and requirements on the query form available on the website.

Step 3: Our customer care representative will get in touch with you to take the process forward. 

  • Call or Email our Customer Care Centre

Step 1: Check your eligibility on our website.

Step 2: Call us at 1800 102 1616 to get in touch with our representatives.

Step 2a: You can also drop in your query at info@muthoot.com

Step 3: Mention your requirements on call or on email. Our representative will guide you through the loan against property documents required, application and disbursal process.

  • Visit Your Nearest Muthoot FinCorp Branch

Step 1: Check your loan against property eligibility on our website.

Step 2: Locate your nearest branch here

Step 3:  Visit our branch to meet with our representative.

Step 4: Apply by filling in the application form and attaching your loan against property documents.

Note: 

  • You can only apply for a loan in a city with an existing Muthoot FinCorp branch.
  • The property being pledged should be self-occupied and all the owners must be co-applicants of the loan.

Frequently Asked Questions

The interest rate depends on various factors. It will vary according to loan amount, tenure and eligibility. You can get in touch with our customers care representative at 1800 102 1616 for more details.

Any salaried or self-employed person between the age of 21-65 years is eligible for a loan against property. You must note that all the owners of the property must be co-applicants of the loan. 

Please note you need to be a resident in a city with a Muthoot Fincorp Ltd to avail a loan. 

 

Yes, Muthoot Fincorp charges a minimal amount as an application and processing fee towards your loan. They are as follows:

  • Application fees: 0.5% of the amount applied for
  • Processing fees: 2.5% of the loan amount approved
  • Pre-payment fees: No fee is applicable if the loan is prepaid from your own sources or if the loan has a floating rate of interest.

The above charges are subject to change as per Muthoot Fincorp policies. 

Muthoot Fincorp allows you to get a loan of up to 50% value of the property. The maximum amount that you can avail is Rs 10,00,000. The amount depends on your eligibility. You can check our loan against property eligibility calculator to know the amount you can borrow.

 

  • Why Choose Muthoot FinCorp: India’s Leading NBFCs

    Over 4200 branches across India

  • Why Choose Muthoot FinCorp: India’s Leading NBFCs

    134+ years of legacy

  • Why Choose Muthoot FinCorp: India’s Leading NBFCs

    Over 30,000 employees serving millions of customer

  • Why Choose Muthoot FinCorp: India’s Leading NBFCs

    Walk in of over 1,00,000 customers a day

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