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At a Glance

A loan against property is a secured loan availed against a residential property kept as collateral with the lender and it helps provide access to funds in times of need. As a secured loan, the interest rates are competitive and you can repay the loan in easy instalments. DBS Treasures offers a hassle-free process and end-to-end management with a dedicated mortgage specialist to enable quick disbursements.

If you wish to apply for a Loan Against Property (LAP), there are different sets of documents required based on the source of your income.

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Salaried Individuals

The list of documents required from salaried individuals (for all applicants / co-applicants) are:

  • Filled application form with your recent photograph
  • Identity Proof and Residence Proof (KYC)
    • PAN Card (Mandatory)
    • Passport
    • Voters ID
    • Driving License
    • Aadhaar Card (with the Aadhaar number masked)
  • Income Proof Documents
    • Salary slips for the previous 3 months
    • Bank statements for the previous 6 months showing salary credits
    • Last 2 years Form-16 and IT returns

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Self-Employed Individuals

Self-employed individuals need to provide the below documents (for all applicants / co-applicants):

  • Filled application form with your recent photograph
  • Identity Proof and Residence Proof (KYC)
    • PAN Card (Mandatory)
    • Passport
    • Voters ID
    • Driving License
    • Aadhaar Card (with the Aadhaar number masked)
  • Income Proof Documents
    • ITR/Assessment orders for the previous two years. A computation of income (including e-acknowledgement) certified by a CA must be provided as well.
    • Profit & Loss account with auditor's report and all annexures, along with the Audited Balance Sheet.
    • For those with secondary income – proof of receipt of rent, dividends, interest etc.
    • Last 6 months' Bank Statements (for all bank accounts maintained by them)
 

List of Documents for Property

  • Title Deeds with all the previous chains of property documents / agreements
  • Occupancy Certificate or CC and approved plan
  • Proof of no encumbrances on the property

Other important documents

  • Property purchase payment receipt proof
  • Employment Contract or Appointment Letter for customers whose current employment is less than one year old
  • Professional qualifications certificates for self-employed people
  • Proof of timely repayment for all other ongoing loans (last 6 months minimum)
  • Passport-size photograph(s) to be clearly affixed on the application form and signed across.
  • Cheque for processing fee favouring DBS Bank India Limited along with the name of the applicant.

The list of documents mentioned above are indicative and acceptance of these documents is based on DBS Bank's credit policy as applicable at the time of loan application. For more details, you can speak to your Relationship Manager (RM) or visit the nearest branch.

Applications received without adequate documentation, as requested by DBS Bank India Limited, may face delays in processing or outright rejection.

 

How to Apply

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*Terms & conditions apply. Credit at sole discretion of DBS Bank India Limited.

 

Frequently Asked Questions

You can take a loan against property for any personal or business use. You need to submit the end use declaration while applying and submitting the documents required for a loan against property.


Yes, you can have a co-applicant for your loan against property. That person can be your spouse, parent or an adult child.


Yes, there are mandatory documents required for a loan against property in case of a co-applicant. You will have to submit the identity (KYC), address and income proofs of the co-applicant.

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