Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

Documents Required for Loan Against Property

The process for availing loan against property at SMFG India Credit is fairly straightforward. We have kept the documents required for a loan against property to a minimal, and it may vary based on your source of income. You will have to furnish proof of identity, address and age along with the proof of income to support your application. You will also have to share the documents about the property that you are offering as collateral.

You will need to have the following documents handy to apply for SMFG India Credit 's loan against property:

  • Application form with a recent photograph
  • Proof of Identity (Passport Copy /Voter ID card /Driving License /PAN Card)
  • Address Proof (Ration card /Telephone Bill /Electricity Bill /Rental agreement /Passport copy /Bank Passbook or Statement /Driving License)
  • Age proof (PAN Card /Passport /any other certificate from a statutory authority)
  • Bank Statements (Bank statement /Bank Passbook for the last 6 months) OR Last 6 months salary slips
  • Form 16
  • Income Tax Returns for the last 3 years
  • Processing fee cheque
  • Documentation pertaining to the property offered as collateral

Additional documents for Loan Against Property for self-employed and SMEs

  • For Self Employed: Income statements and other financials for the past 2 years attested by a CA
  • For SMEs: Audited financials for the last 2 years

How to Apply for Loan against Property?

Before applying for a loan against property, we recommend using our loan against property EMI calculator to check the monthly EMI you may have to pay given a certain loan amount, interest rate and tenure. EMI amount should be one that you pay without stretching your resources thin. Once you have decided the loan amount and tenure you are comfortable with, click on the Apply Now button to apply for the loan.

  1. Click on the “Apply Now” button on the top right of the page. You will be taken to another page, where you can select “Loan Against Property”. Select the appropriate option depending on whether you are salaried, self-employed or an SME.
  2. Next, you will be taken to an online form. Enter your mobile number correctly. You will receive a 6 digit OTP - please enter this in the textbox provided on the website.
  3. Please enter your personal details as requested on the online form page. Click “Next”.
  4. Please enter your employment details as requested in the next step.
  5. Please enter your bank details as requested in the next step.
  6. Upload scanned copies of documents
  7. Click “Submit”. Within a few seconds, you will be informed if you are approved for the loan.
  8. Our customer care representative will get in touch with you for further information as your application goes through various checks.

Please note that the above list is indicative. More documents for loan against property application may be requested depending on your employment type, the type of mortgage loan you are applying for, and SMFG India Credit 's policies at the time of application.

To know more on loan against property documents, get in touch with us or apply now!

Page also available inहिन्दी - Hindi

Loan Against Property EMI Calculator

Use our EMI Calculator & quickly estimate the EMI on your mortgage.

12 Months180 Months

Your Calculated EMI*


Disclaimer The above calculator with graph & below table provide an approximate calculation of the EMI ( Equ... Read More


What Loan Against Property is used for?

Loan against property is the type of loan which you can avail of by using your residential or commercial property as collateral. You can borrow an amount equivalent to up to a maximum of 70%* of the value of the property. Such loans against property can be used for any large personal or business expenses.

Who can be a loan against property co-applicant?

To be eligible as a co-applicant for a loan against property, you must have either one of the following relations with the borrower:

  • Spouse: You may co-apply with your husband/wife.
  • Brother: Two brothers may co-apply for a loan.
  • Parent: Either parent can opt to be your co-applicant in the loan.
  • Partner: If you run a partnership firm, your key partner can co-apply.
  • Shareholder: If you hold more than 76% of the company’s shares, you can co-apply.   

If you are a daughter, you can co-apply with your parents if you are unmarried. Please note that in case of jointly held property, joint owners must be the co-applicants for the loan.

What is the process for loan against property?

To get a loan against property, follow these steps:

  • Check our eligibility criteria and use our Loan Against Property eligibility calculator to get an estimate of the maximum amount you may be able to borrow.
  • Check the documents required for loan against property and ensure you have all of them ready.
  • Use our Loan Against Property EMI Calculator to select a suitable tenure
  • Click on the “Apply now” button on this page. 
  • Enter the required information & submit.
  • Our representatives will get in touch with you to take the process ahead.

Is it possible to get a loan against property without proof of income?

No. Proof of Income is a must when applying for a loan against property. Salaried applicants are required to submit salary slips of the past 3 months, and self-employed individuals, as well as SMEs, are required to provide audited financial statements of the past 2 years to show a steady source of income.

How much time will it take to get a loan against property sanctioned?

Once the loan is sanctioned, the funds will be disbursed to your bank account within the same day. SMFG India Credit has a transparent process so that you are always aware of the status of your loan application.

Is loan against property taxable?

Loan against property is a mortgage loan, and thus, no matter what the end-use of the funds maybe, you don’t get any tax exemptions on a loan against property. The same applies to all loan against property products offered by SMFG India Credit.

How is a loan against property eligibility calculated?

Your eligibility for a loan against property mostly depends on your income, your net monthly obligations and your CIBIL score, apart from other factors. For details, please visit our loan against property eligibility page.

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* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.

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Have a query? You can contact us through any of the channels listed below.

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1800 103 6001 Timings: 9:00 AM to 7:00 PM (Monday to Saturday excluding public holidays & fourth Saturday of every month).