Special Property Loan
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
Checklist for SENP
- 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.
Checklist for Salaried:
- 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.