
Loan against property allows you to use the value locked up in a property to meet any expenses you may have. While the loan amount depends on the total value of your property, you are free to use the funds as you see fit. Your property acts as collateral for the loan, but you can continue to use it as before.
Some of the basic purposes for which this loan is usually taken are expanding business, acquiring assets, education needs, marriage, etc. The loan is granted against the mortgage of the residential/commercial/industrial property. The end use of the loan should be from the uses allowed by the bank. The borrower is required to declare the end use of the loan in its application form.
For Business Class : Pan Card/voter ID/last Two Years Income Tax Returns Front Page Copy/bank Passbook Front Page Copy/electricity Bill/ration Card or Gas Book Copy/optional: If You Have Business Registration Copy.

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