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Date : Aug 7, 2009

Question

sir, i am in need of loan against my property. due to my business slow down i am going for this. i have property worth ONE AND HALF CRORE(RS.1,50,00,000/-). I NEED SEVTYFIVE LAKHS(RS.75,00,000/-) AS LOAN TO BOOST AND PROMOTE BUSINESS FROM SLOW DOWN STAGE. CURENTLY I CANT SHOW MY INCOME PROOF FOR PAST TWO YEARS. TILL 2007 I CAN SHOW MY BUSINESS PROFILE WELL. IS THERE WAY TO GET LOAN WITHOUT INCOME PROOF WITH THIS ELIGEBILITY.

Answer

Income proof is mandatory for a loan against property.

 

 

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