Loan against Property Ratnakar Bank

My father wants to know about Loan against Property offering by Ratnakar Bank. So someone is here who will provide information about Loan against Property offering by Ratnakar Bank?

[sumit]

As you are looking for information about Loan against Property offering by Ratnakar Bank, so I am giving following information:

Ratnakar BankLoan against Property

Features:
Loan amount of upto 10 Crores
Both residential and commercial property accepted as collateral
Attractive interest rates
Fixed rate for first three years available
Minimal documentation and faster approvals
Convenient loan repayment option of upto 180 months
Avail loan upto 80% of your property value

Eligibility:
It can be availed by salaried individuals, self-employed individuals, self-employed professionals, sole proprietorships, partnership firms and private limited companies

Loan Against Property can be offered to Indian Residents only.

Salaried Individuals
Minimum gross salary of 150,000 per annum.
Minimum age at loan sanction - 23 years. Maximum age at loan maturity - lower of 60 years or retirement age.

Self-Employed Individuals and Professional
Minimum net profit as per latest year ITR / Financials of 150,000.
Minimum age at loan sanction - 23 years. Maximum age at loan maturity - 65 years.

Documents Required:
PAN Card - For Individual / Partnership Firm / Company
Identity Proof - Any one (e.g. Voter ID / Driving License / Passport)
Address Proof - Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)
Business Continuity Proof - Any one document dated 5 years old (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / COI / Partnership Deed)
Passport Size Photographs

Financial Documents Required:
For Salaried:
Last 2 years Income tax returns or latest 3 month salary slip or latest Form 16 issued by the employer.
Six months bank statement required with salary credits

For Self-Employed Individuals / Sole Proprietorships:
Latest audited ITR and financials for the last 3 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet

For Self-Employed Professionals:
Latest audited ITR and financials for the last 3 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet.
Professional Qualification Certificate and Degree Certificate for professionals. (Doctors, Architects, Chartered Accountants etc.)




I am attaching application form to apply for Loan Against Property at Ratnakar Bank for your reference: