Loan Against Property
Loan Against Property
This loan is defined as a secured loan offered to an person or institution from a bank or a non-banking financial company (NBFC) against the property mortgaged.
Description
Unlike any other unsecured loan, the loan against property is offered only against the property mortgaged to the bank or financial institution.
Eligibility Criteria
Salary: 5k & above
Age: 21 to 60 years
Length of service: 6 months or confirmed.
Company: Open for both listed & non-listed companies.
AECB: Existing credit history is preferred, though not mandatory.
Mandatory Requirements
A valid copy of passport, Resident Visa and Emirates ID
Copy of the documents of the property to be mortgaged.
Income Proof.
3-6 months of bank statement.
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