• For Salaried Individuals:

☞Any property owner with substantial years of work experience (not less than two years) can apply for a loan against property in Mumbai.

☞The minimum age of the applicant should be not less than 24 years at the time of sanctioning the loan amount, whereas the maximum permissible age to avail loan against property is 65 years

• For Professionals:

☞Professionally qualified individuals such as doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants can also apply for loan against property

☞The minimum age of the applicant should be not less than 24 years at the time of sanctioning the loan amount, whereas the maximum permissible age to avail loan against property is 65 years.

• For Self-employed Individuals:

☞Any self-employed individual who is a owner of a property can apply for loan against property if he has a regular source of income.

☞The minimum age of the applicant should be not less than 24 years at the time of sanctioning the loan amount, whereas the maximum permissible age to avail loan against property is 65 years.

• Lease Rental Discounting (LRD):

☞Any individual residing in a property of any kind can apply for loan against property in Mumbai.

☞The lessee should mandatorily be an organization as defined under the Companies Act, 1956.

☞Funding can be done only against ready commercial property and will be restricted to 85% of the net present value of the future rentals or 50% of the value of property, whichever is lower.