Here’s a Checklist of Key Documents That You Should Submit While Applying For a Loan Against Property!

A loan against property is one of the easiest ways to raise funds when you are in need of money. Since it is a loan against property, the process is simpler and it requires lesser verification, comparatively.

Once you apply for the loan, you will be asked to submit documentation. These documents are mainly for the verification of your address, identity, and income. Lenders would also require documents related to the property you are pledging.

Below is the list of key loan against property documents you will be asked to submit:

  • Ownership proof

When you are applying for a loan against property, you should prove the property’s ownership to the lender first. For this, you can submit a copy of any of the below documents:

  • Ration card
  • Passport
  • Electricity, water, or gas bills
  • Voter ID
  • Bank account statements

When you are using these documents to prove your ownership, make sure that your name and address mentioned are correct. The details should be the same as the one in your application. In some cases, a representative of the lender may visit your property for verification as well.

  • Address proof

You will be required to submit proof of your current address when you are applying for a loan. If you live at the same address as the property you are pledging, the ownership proof will work as an address proof too. If you are not staying at the same property, you will need to submit a relevant document with the current address in it for verification.

  • Identity proof

You will also need to submit proof of your identity to the lender when you are applying for a loan. Below are some of the valid identity proofs:

  • Passport
  • Driving license
  • Aadhar card
  • Ration card

It is important to make sure the information in these cards matches the information in your address proof and loan application form.

  • Income proof

Lenders will want you to have a comfortable income with which you can pay back the loan. To prove this to the lenders, you will be asked to submit income proof.

If you are a salaried person, the latest salary slips are valid income proof that you can submit for a loan. Sometimes, the lender might ask for your bank statements too. And, if you are self-employed, a bank statement alone would suffice.

  • Income tax proof

Apart from the income proof mentioned above, most lenders would also require you to submit income tax proof for verification. Lenders can reaffirm your income through this. Your lender might also cross-check your information on your income tax records with the ones you have submitted while applying for verification.


Keeping the above-mentioned loan against property documents handy before you apply, in order to make the whole process easier for you.