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Loan Against Property

Loan against Property

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YES BANK introduces Loan Against Property (LAP). Unleash the power of your property to fulfill your dreams.

Eligibility

Salaried

  • Minimum Income – Rs.3 Lakhs Per Annum
  • Experience – 3 years in total employment

Self Employed

  • Minimum Income – Cash Profit of Rs.4 Lakhs Per Annum
  • Minimum Turnover – Rs.15 Lakhs per annum for service providers / commission income, Rs.10 Lakhs per annum for doctors, Rs.60 Lacs for non service providers
  • No of years in business / profession – minimum 3 years

Age norms:

  • Where income is considered for eligibility : Minimum 23 years at loan origination & Maximum 65 years or age of retirement whichever is less at loan maturity.
  • Where income is not considered for eligibility : Minimum 18 years at loan origination & Maximum 70 years at loan application or 85 years at loan maturity.

Schedule Of Charges

In case of any enquiry or to apply please call 1800 1200

key attractions

HIGH LOAN AMOUNT

Higher loan amount with attractive rates

SOLUTIONS

Tailor-made solutions to suit your business needs

features and benefits

Product variants

Loan for purchase of commercial property

  • Loan for purchase of commercial property

  • Term Loans against property

  • Dropline Overdraft Facility

  • Lease Rental Discounting

Residential as well as Commercial property

Residential as well as Commercial property accepted as collateral.

Balance Transfer facility

Balance Transfer facility with top-up available

Dropline Overdraft facility

Dropline Overdraft facility available for seasonal business requirements.

other benefits

  • Doorstep service

  • Funds can be used for business as well as personal needs.

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Documents Required

  • Proof of Identity and Signature

  • Proof of Address (Office and Residence)

  • Income Documents:

Salaried: 2 Latest salary slips and IT Returns / Form 16 for last 2 years

Self Employed Professionals: Last 2 years IT Returns with computation of income, audited Balance Sheet and Profit & Loss account including tax audit report if applicable and proof of turnover vide latest sales / service tax returns

Self Employed Businessmen / Retail SME Enterprises: Last 2 years IT Returns with computation of income, audited Balance Sheet and Profit & Loss

Have any other query?

Q. Does your Bank offer a Loan against an existing property?

A. Yes, we do offer loans against existing properties owned by customers or those jointly owned by customers and their immediate family members.

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Q. What type of Loans do your offer against properties owned?

A. Some of the variants which we offer against properties are:

  • Loans against Residential / Commercial / Industrial & Warehouse property as a pure term loan or as a Drop-line Overdraft facility

  • Loan for purchase of a Commercial Property

  • Loan against Rent Receivables – A collateral backed unique funding proposition against monthly rental income received by customers from their leased out Commercial or Warehouse properties.

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YES BANK introduces Loan Against Property (LAP). Unleash the power of your property to fulfill your dreams.



YES BANK Loan against Property

Real estate continues to stand out as one of the safest financial investment options and an essential asset. In the face of financial emergencies, solutions that involve mortgaging existing property as collateral prove to be more beneficial than selling.

With the inclusion of commercial as well as non-commercial property, mortgage loans allow you to make the most of your dormant investments. Be it for the expansion of existing business or to devote financial assistance to a start-up venture, a Loan against Property (LAP) from YES BANK is suitable for all your financial needs.

Why Opt for a Loan against Property

  • Secure & Prompt: Property is a static asset, making LAP one of the most secure loans. The time taken for the application, documentation and processing for LAP at YES BANK is swift, making it an ideal choice during financial urgencies.

  • Attractive Interest Rates: Mortgage loan interest rates are comparatively lower, along with a convenient and longer tenure available for its repayment.

  • You are in Control: The property stays under the ownership of the borrower, even in the unfortunate event of non-repayment of the mortgage amount. In such a scenario, the borrower can sell the property to settle the repayment issue while acquiring the balance amount to re-establish their financial assets.

  • Unlimited Growth: Refinance options enable continual growth of a business by utilizing an already mortgaged property.

Benefits of a Loan against Property from YES BANK

  • Availability of a higher loan amount at a considerably competitive interest rate for an extensive tenure.

  • Solutions tailored to suit every personal and professional financial requirement.

  • Residential & Commercial properties whether self-occupied, rented or vacant are accepted as collateral.

  • Multiple product variants on offer, including loans for buying or upgrading commercial property, term loans, drop-line overdraft facility & lease rental discounting loans.

  • Facility to transfer balance along with easy top-up provision.

  • No restrictions on the utilization of loaned amount. Can be used for personal as well as commercial needs.

  • Hassle-free application procedure with simplified documentation and prompt processing of the loan amount.

How to Apply for a LAP with YES BANK

YES BANK is driven to provide you with complete customer satisfaction. We provide convenient ways for you to apply for a loan against property in the following two ways:

  • Online Application: Modern-day technology enables you to access our varied offers and products online. So simply visit our website, check the individual loans section, click on the personal loan tab and read all the related information in depth at your own pace. After reading the documents, fill the application form, and our service expert will get in touch with you to further guide you through the application process.

  • Visit our Branch: Visit your nearest YES BANK branch for information regarding the application and processing of loans against property. Our trained experts will assist you with the entire process and respond to all your queries.

Eligibility for YES BANK’s LAP

YES BANK provides LAP as per the following eligibility pre-requisites as mentioned below:

Salaried —

  • Applicant must have a minimum annual income of INR 3 lakhs.

  • Where income is considered for eligibility : Minimum 23 years at loan origination & Maximum 65 years or age of retirement whichever is less at loan maturity.

  • Where income is not considered for eligibility : Minimum 18 years at loan origination & Maximum 70 years at loan application or 85 years at loan maturity

  • Minimum 3 years of total employment.

Self-Employed —

  • Minimum cash profit should be INR 4 lakhs per annum.

  • Minimum turnover is set at INR 15 lakhs per annum for service providers/commission income; INR 10 lakhs per annum for doctors; INR 60 lakhs for non-service providers.

  • Where income is considered for eligibility : Minimum 23 years at loan origination & Maximum 65 years or age of retirement whichever is less at loan maturity

  • Where income is not considered for eligibility : Minimum 18 years at loan origination & Maximum 70 years at loan application or 85 years at loan maturity

  • A minimum of 3 years into the current profession/business.

Documents for a YES BANK LAP

The duly filled application form is required with the following identification documents:

  • Photocopies of identity proof (with photograph) — Driving license/PAN card, Form 60/61, Passport/Voter’s ID/Ration card/Aadhaar card

  • Proof of address (residential and office) — Driving License/Voter’s ID/Ration card/Aadhaar card/Passport/registered lease agreement with utility bills in the name of the owner, not older than 3 months

  • Income proof: For salaried applicants – 3 latest salary slips & latest year IT return/Form 16 for the last 2 years

  • Proof of signature

  • Self-employed applicants – Last 2 years’ IT returns with computation of income, audited balance sheet and profit & loss account including tax audit report if applicable, and proof of turnover vide latest sales/service tax returns

  • Self Employed Businessmen/Retail SME Enterprises – Last 2 years’ IT Returns with computation of income, audited Balance Sheet and Profit & Loss

Being one of the most secure loans, a Secured Business Loan from YES BANK lives up to your expectations by offering unmatched benefits and options for customization. For any medical urgency, financial planning for the international education of your child or business expansion, a Loan against Property from YES BANK ensures complete peace of mind with its comprehensive and smart solutions.

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