Loan Against Property Eligibility
Use your priced possession to your advantage with Reliance Loan against Property. Avail our tailor-made loans at competitive interest rates.
Check out the eligibility criteria for Loan Against Property you need to meet to get the financial assistance required.
Criteria | Salaried | Self-Employed | Self-Employed Non-Professionals |
---|---|---|---|
Type of Customers Funded | Salaried includes individuals employed in Multinational Organizations, listed Public Ltd. Co., Government Organization, Pvt. Ltd. Co., Closely held Unlisted Company, Partnerships or Sole Proprietorship | Individuals with professional qualifications like Practicing Doctors, Chartered Accountants, Engineers, Architect, Company secretaries | Businessmen engaged in various business like Dealers, Wholesalers, Distributors, Traders across Service, Trading & Manufacturing |
Minimum Age at Entry | 21 years | 21 years | 21 years |
Maximum Age at Loan Maturity | 58/60 years depending upon retirement age | 65 years | 65 years |
Minimum Gross Income | Rs. 500,000 | Rs. 500,000 | Rs. 500,000 |
Type of property Funded | Ready & Resale Properties, Under construction properties of pre-approved builders | Ready & Resale Properties, Under construction properties of pre-approved builders | Ready & Resale Properties, Under construction properties of pre-approved builders |
Minimum property Area for the Loan | Residential Property - 500 Sq.ft Commercial Property 250 Sq.ft | Residential Property - 500 Sq.ft Commercial Property 250 Sq.ft | Residential Property - 500 Sq.ft Commercial Property 250 Sq.ft |
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