Loan Against Property - Documentation | IDFC FIRST Bank | IDFC FIRST Bank

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Loan Against Property - Eligibility & Documentation

ELIGIBILITY

MSMEs/non-individual entities

Companies (Pvt. Ltd.)
Partnership firms
LLPs
Sole proprietorships, etc

Individuals

Salaried
Professionals
NRI’s

DOCUMENTATION

For Salaried

Photo Identity Proof, Address Proof: As per RBI defined KYC guidelines
Income Proof: Latest 2 years’ ITR/Form 16, Last 6 months’ bank statement reflecting salary credit, latest 3 months’ salary slips
Details of Running Loans: Sanction letter, amort schedule/account statement
Property Document: Complete chain of property title deeds, approved layout/plan

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For Self-Employed

Photo Identity and Address Proof: As per RBI defined KYC guidelines.
Business Proof: Shop Act License/MOA & AOA/GST registration/ITR, Partnership Deed.
Income Proof: 12 months’ bank statement and GST returns, last 2 years’ ITRs and audited financials
Details of Running Loans: Sanction letter, amort schedule/account statement
Property Document: Complete chain of property title deeds, approved layout/plan