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.
The list of documents required from salaried individuals (for all applicants / co-applicants) are:
Self-employed individuals need to provide the below documents (for all applicants / co-applicants):
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.
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.