LAXMINARAYAN FINANCIAL CONSULTING SERVICES

For Mortgage Loans

What is Mortgage Loan?

A mortgage loan is a type of secured loan where you can avail funds by providing your asset as collateral to the lender. This is a popular form of financing as it helps the borrower avail a high loan amount and prolonged repayment tenor..

A mortgage is usually a loan sanctioned against an immovable asset like a house or a commercial property. The lender keeps the asset as collateral until the borrower repays the total loan amount.

A home loan or a commercial property loan can be availed only to purchase a home or a commercial space respectively. On the other hand, a loan against property has no end-use restrictions. It can be used to fund overseas education, a wedding, a home renovation, etc.

Documents Required For Mortgage Loan

• 2 Recent Passport Size Photographs (Valid up to last six month captured)

• Photocopy of Property Documents

• Address Proof

• ID Proof

• Bank Statement of last Three month.

For Business Class : Pan Card/voter ID/last Two Years Income Tax Returns Front Page Copy/bank Passbook Front Page Copy/electricity Bill/ration Card or Gas Book Copy/optional: If You Have Business Registration Copy.

Documents Valid As Address Proof :

• Ration Card

• Electricity Bill

• Mobile Bill

• land Line Bill

• Passport

• Mool Niwas patra

• House tax slip water bill

• Gas Bill etc.

Documents Valid As ID Proof :

• PAN Card

• Voter cards

• Driving Lincense

• Job certificate (at present) issued from company in which works

• College Identity Card, Etc.

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For property loans

Property Loan for Commercial Residential Properties

Loan against property allows you to use the value locked up in a property to meet any expenses you may have. While the loan amount depends on the total value of your property, you are free to use the funds as you see fit. Your property acts as collateral for the loan, but you can continue to use it as before.

Some of the basic purposes for which this loan is usually taken are expanding business, acquiring assets, education needs, marriage, etc. The loan is granted against the mortgage of the residential/commercial/industrial property. The end use of the loan should be from the uses allowed by the bank. The borrower is required to declare the end use of the loan in its application form.

Documents Required For Property Loan :

• 2 Recent Passport Size Photographs (Valid up to last six month captured)

• Last two month Pay Slip

• Address Proof

• I.D Proof

• Bank Statement of last Three month.

For Business Class : Pan Card/voter ID/last Two Years Income Tax Returns Front Page Copy/bank Passbook Front Page Copy/electricity Bill/ration Card or Gas Book Copy/optional: If You Have Business Registration Copy.

Documents Valid As Address Proof :

• Ration Card

• Electricity Bill

• Mobile Bill

• land Line Bill

• Passport

• Mool Niwas patra

• House tax slip water bill

• Gas Bill etc.

Documents Valid As Address Proof :

• PAN Card

• Voter cards

• Driving Lincense

• Job certificate (at present) issued from company in which works

• College Identity Card, Etc.

Show Less

For property loans

Property Loan for Commercial Residential Properties

Loan against property allows you to use the value locked up in a property to meet any expenses you may have. While the loan amount depends on the total value of your property, you are free to use the funds as you see fit. Your property acts as collateral for the loan, but you can continue to use it as before.

Some of the basic purposes for which this loan is usually taken are expanding business, acquiring assets, education needs, marriage, etc. The loan is granted against the mortgage of the residential/commercial/industrial property. The end use of the loan should be from the uses allowed by the bank. The borrower is required to declare the end use of the loan in its application form.

Documents Required For Property Loan :

• 2 Recent Passport Size Photographs (Valid up to last six month captured)

• Last two month Pay Slip

• Address Proof

• I.D Proof

• Bank Statement of last Three month.

For Business Class : Pan Card/voter ID/last Two Years Income Tax Returns Front Page Copy/bank Passbook Front Page Copy/electricity Bill/ration Card or Gas Book Copy/optional: If You Have Business Registration Copy.

Documents Valid As Address Proof :

• Ration Card

• Electricity Bill

• Mobile Bill

• land Line Bill

• Passport

• Mool Niwas patra

• House tax slip water bill

• Gas Bill etc.

Documents Valid As Address Proof :

• PAN Card

• Voter cards

• Driving Lincense

• Job certificate (at present) issued from company in which works

• College Identity Card, Etc.

Show Less