We get the added benefit of the properties given on lease to credible companies by getting the funds from banks and NBFC’s against future rent receivables at a very competitive rate of interest and can use it either on your business or on acquiring new properties or any other use.
In this the EMI is restricted to the monthly rent received. Also the repayment period is restricted to the balance period of lease of that property
Sr. No | For Salaried Individuals | Self Employed Individuals having | ||
---|---|---|---|---|
Proprietorship Firm | Partnership Firm | Private Limited and Limited Company | ||
KYC Documents | ||||
1 | PAN Card | PAN Card | PAN Card | PAN Card |
2 | Aadhar Card | Aadhar Card | Aadhar Card | Aadhar Card |
3 | Current resident address proof | Current resident address proof | Current resident address proof | Current resident address proof |
4 | Appointment letter | Office Address Proof | Office Address Proof | Office Address Proof |
5 | Office ID card | GST Registration Certificate | GST Registration Certificate | GST Registration Certificate |
6 | Partnership Deed | MOA and AOA | ||
7 | List of partners and shareholding pattern onletter head | List of Directors and Shareholding pattern on letter head | ||
Income Documents | ||||
1 | Salary Slip – 6 months | GST Returns – 1 Year | GST Returns – 1 Year | GST Returns – 1 Year |
2 | Form 16 - 2 years | Income Tax Returns – 3 years | Income Tax Returns – 3 years | Income Tax Returns – 3 years |
3 | Bank Statement – 1 year | Bank Statement – 1 year | Bank Statement – 1 year | Bank Statement – 1 year |
Additional Documents Generally Required | ||||
1 | Existing loan – Sanction letter (if any) | Existing loan – Sanction letter (if any) | Existing loan – Sanction letter (if any) | Existing loan – Sanction letter (if any) |
2 | Rent Agreement | Rent Agreement | Rent Agreement | Rent Agreement |
Sr. No | Document |
---|---|
1 | Sale Agreement or Sale Deed with Registration Receipt, Stamp Duty, Index II |
2 | Chain of Agreement
with Registration Receipt, Stamp Duty, Index II This is required is there are resale transactions |
3 | Share Certificate |
4 | Occupancy Certificate ( OC ) |
5 | Commence Certificate ( CC ) |
6 | Approved Building Plans |
7 | Building Completion Certificate |
8 | Society Registration Certificate |
9 | Tax Paid Challan |
10 | Society Maintenance Receipt |
Note: - As there are different properties types like residential, commercial, industrial, etc. Property documents required will always change based on type of property and location at which the property is located. We have just given the general list of property documents. |