For salaried individuals, and for professionals and businessmen who are self-employed, the loan against property eligibility requirements in banks or for other institutions are pretty similar.

According to the eligibility criteria to avail Loan against property, you:

●        Must be an Indian national

●        Should be at least 21 years at the time of submission of the loan application

●        Must have been employed by the current organization or should be involved in the current business for a specific number of years

●        Meets the minimum required salary as well as monthly repaying capacity

●        A good credit history with proven track record of timely loan EMI and credit card bill repayment may help secure a lower interest rate and reduce processing times