What is Loan Against Special Property?

LOAN AGAINST SPECIAL PROPERTY- Have a special property and need a loan? LASP is the best way forward

  • Loan Against Special Property can be availed against any special property such as school or a hospital
  • When it comes to Loan Against Special Property, it is not just restricted to schools or hospital, you can also avail a loan against properties such as farm houses, in order to raise finances.

Age Criteria

  • Min. 18 Years
  • Age upto 65 Years / Retirement Age

Who All Can Avail?

  • Self-employed Businessman
  • Self-employed Professionals
  • Salaried

Income Criteria

  • Self-employed :- Min. ITR of Rs.3 Lacs
  • Other Incomes :- Recurring-Rental, Interest Income can be consider

Property Criteria

  • Direct Allotment
  • Resale of Property

Benefits Through MMM

We offer best services and benefits in terms of functionalities are as under:-

  • Customization even if above criteria's are not satisfied
  • Save substantial interest by doing Balance Transfer at lower rates

Income Tax Benefits

  • If the loan taken is used or business or profession, you can claim the interest in respect of such loans.
  • Passport size photograph
  • Copy of PAN card, adhaar card
  • Latest utility bill for residence and office
  • Professional degree copy, if any.
  • VAT / Service Tax registration.
  • Last year VAT / Service Tax returns, as applicable.
  • Latest last 2 years Form 26AS
  • Latest last 3 years financials (ITR, Computation of income, the Audited balance sheet with all corresponding schedule, tax audit reports with all corresponding annexures)
  • Partnership deed / List of partners along with their profit ratio (on letterhead) / MOA & AOA / List of directors and shareholding pattern (on letterhead) / Form 32 [ as applicable]
  • Latest last 6-12 month's bank a/c statement of all operative bank accounts.
  • Details of all existing loans / credit facilities
  • The copy of property papers with complete chain-link and sanction plan.
  • Passport size photograph
  • Copy of PAN card, adhaar card
  • Latest utility bill for residence and office
  • Professional degree copy, if any.
  • Latest last 2 years Form 26AS
  • Latest last 3 years financials (ITR, Computation of income,and Form 16)
  • Copy of Appointment letter of current employer and relieving letter of last employer (if work continuity in current organization is less than 2 years)
  • Details of all existing loans / credit facilities
  • The copy of property papers with complete chain-link and sanction plan.
  • Latest salary slip for last 6 months.

Get a Quote

Now apply for a Home Loan online, All you need to do is provide your details below application form.