Is a copy of the property title deed necessary for a mortgage loan?

Yes, lenders require a copy of the property’s title deed to confirm ownership and ensure that the property is free from disputes or legal issues.

What is the importance of a credit score while availing of a mortgage loan?

A good credit score improves the chances of approval and may help secure lower interest rates. It reflects your repayment history and overall financial discipline.

Do I need to provide utility bills as proof of address for a mortgage loan?

Recent utility bills (electricity, piped gas, telephone, post-paid mobile, or water) can be accepted as proof of address if your OVDs (Passport, Aadhaar, Voter ID, Driving Licence, etc.) do not reflect the current address. However, if you provide only utility bills, you must submit an OVD showing the current address within 3 months of application.

Is a credit report part of the documentation needed for a mortgage loan?

Yes. Lenders check your credit score/report to assess creditworthiness and repayment history. You don’t need to provide it separately, as lenders obtain it directly from credit bureaus.

What is the time duration for receiving a Loan Against Property after submission of the documents?

Approval and disbursal are typically swift, but the exact timeline depends on applicant eligibility and the accuracy of the Loan Against Property documents provided.

Is property-related documentation mandatory for a mortgage loan?

Yes, property documents such as the title deed and ownership proof are mandatory, as they serve as security for the loan.

What is a Loan Against Property used for?

A Loan Against Property is a type of loan that 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.

What is the process for a 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 a 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 forward.

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 official account on the same day. SMFG India Credit has a transparent process so that you are always aware of the status of your loan application.

Is a Loan Against Property taxable?

Loans Against Property is a mortgage loan, and thus, no matter what the end-use of the funds may be, 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.

Loan Against Property
Documents Required

Maximise Your Benefits

Apply Now

Get your Loan Against Property Approved in Minutes

Apply Now

Mortgage Loan Documents

Applying for a Loan Against Property (LAP) or a mortgage loan involves submitting certain documents that allow lenders to verify your application and assess your eligibility. The Loan Against Property documents required generally serve as proof of identity, address, age, income, and financial stability.

Since this is a secured loan, property-related papers are also part of the mortgage loan documents checklist. These may include proof of ownership, a sale deed, or an Occupancy Certificate.

At SMFG India Credit, the Loan Against Property documents are kept minimal to make the application simple and hassle-free. The exact set may vary depending on whether you are a salaried individual, a self-employed professional, or an SME applicant.

By keeping the mortgage loan documents list updated and ready, you can speed up the approval process, as long as you fit the overall eligibility criteria.

Documents Required for a Loan Against Property

Below are the detailed mortgage loan documents checklists for salaried, self-employed applicants, and SMEs.

Loan Against Property Documents Required for Salaried Persons

Type of Document	Salaried Applicants
PAN Card	PAN card/Form 60 of the applicant and the co-applicant (if applicable)
Proof of Identity and Proof of Address (any one)	Passport Driving License Aadhaar Voter's Identity Card issued by the Election Commission of India Job card issued by MNREGA, duly signed by an officer of the State Government Letter issued by the National Population Register containing details of name and address
Age Proof (any one)	PAN Card Passport Copy Certificate from a Statutory Authority
Bank Statements	Latest bank statements for the last 12 months
Income Documents	Salary slips for the last 6 months Form 16 Income Tax Returns for the last 3 years
Property Documents	Documentation pertaining to the property offered as collateral
Other Essential Documents	Application form with a recent photograph Processing fee cheque

Loan Against Property Documents for Self-Employed / SMEs

Type of Document	Self-Employed / SMEs
PAN Card	PAN card/Form 60 of the applicant and the co-applicant (if applicable)
Proof of Identity And Proof of Address (any one)	Udyam Registration Certificate Certificate of Registrations Shop and Establishment Certificate Tax Registration Certificates etc. Passport Driving License Aadhaar Voter's Identity Card issued by the Election Commission of India Job card issued by MNREGA duly signed by an officer of the State Government Letter issued by the National Population Register containing details of name and address
Age Proof (any one)	PAN Card Passport Copy Certificate from a Statutory Authority
Bank Statements	Latest bank statements for the last 12 months
Income Documents (with CA certification wherever applicable)	Income Tax Returns for the last 3 years Financials for the last 2 years
Property Documents	Documentation pertaining to the property offered as collateral
Other Essential Documents	Application form with a recent photograph Processing fee cheque

Please note that in case of co-applicants, basic documents such as PAN, KYC documents, etc., will also be required.

The above mortgage loan document list is indicative. Depending on the specific loan product, your profile, and our policy at the time of loan application, additional documents may be requested.

Note:

Original identity, address, and supporting documents must be available for in-person verification. This may not apply if you are completing digital KYC.
If your submitted address proof does not reflect your current address, one of the Deemed OVDs may be accepted. Click here to check the list.
An OVD displaying the correct address must be submitted within three months of providing the initial address proof.

How to Apply for a Loan Against Property?

Follow these easy steps to apply for a Loan Against Property with SMFG India Credit:

Verify Your Contact Information
Click here to start your Loan Against Property application. Select whether you are salaried, self-employed, or an SME, then enter and validate your mobile number.
Provide the Requested Information
Fill in personal, employment, and bank-related details. Upload error-free and accurate mortgage loan documents to prevent delays in processing.
Submit and Wait for Approval
Click ‘Submit’ to receive your loan approval status shortly. The loan will be sanctioned after verification of your eligibility, property, and documents. Once you review and sign the loan agreement, final approval is granted, and the amount is disbursed.

Start Your Loan Against Property Journey Today!

Having the right eligibility documents required for a Loan Against Property is essential to ensure a smooth application process. It is important to note that the requirements can vary slightly depending on whether you are a salaried employee, self-employed, or an SME. Along with KYC documents, documents pertaining to the property to be kept as collateral and income proof are required for a Loan Against Property application. SMFG India Credit strives to minimise the documentation to make the loan application journey easier and quicker.

To strengthen your loan request, it is recommended to check the eligibility criteria and the Loan Against Property interest rates before applying. Our easy-to-use LAP EMI calculator will help you foresee the monthly payments and arrive at the loan amount and tenure that suits your financial goals.

Apply online now or get in touch with us to know how we can support your financial ambitions!

Please note that the above list is indicative. More mortgage loan documents 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 about the Loan Against Property documents, get in touch with us or apply now!

Page also available in: हिन्दी - Hindi

* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.

Loan Against Property EMI Calculator

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

Loan Amount

5,00,0005,00,00,000

Rate of interest

9%24%

Loan Tenure

Months

12 Months180 Months

Your Calculated EMI*

17,95,742

Apply Now

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

FAQs on Loan Against Property Documents Required

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.

Can I submit digital copies of mortgage loan documents?

Yes, SMFG India Credit accepts scanned or digital copies of mortgage loan documents during the initial application process. However, you may need to provide the original documents for in-person verification.

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.

Are co-applicant documents also required for a mortgage loan?

Yes. If there is a co-applicant, their PAN, identity proof, address proof, income proof, and other relevant documents must also be submitted along with the primary applicant’s documents.