Overdraft Facility Against Property

Unlock the potential of your property to avail flexible credit facility

Have a commercial or residential property which you can offer as collateral? Suvarnayug Bank’s Loan against Property is just what you need if you are looking for funding. Suvarnayug Bank offers easy and hassle-free Loan against Property. You can avail of a loan against residential or commercial properties at attractive rates of interest.

  Suvarnayug Bank's Overdraft Facility Against Property is available for salaried individuals as well as self-employed individuals and professionals. Find out more about the eligibility and documents required for Overdraft Facility Against Property, below. Individuals who are eligible for an overdraft facility against property:

Salaried individuals

  Any individual who is in permanent service in the government or a reputed company
  The applicant should be above 24 years of age at the time of loan commencement and upto the age of superannuation

  Any individual filing Income Tax returns can apply
  The applicant should be above 24 years of age at the time of loan commencement and upto 65 years at the time of maturity

  Professionals such as doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary and management consultants can apply
  The applicant should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity

List of 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 for all applicants and co-applicants

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.)

For Partnership Firms / Private Limited Companies :

  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 main account/s for last 6 months and 3 months of all other bank accounts mentioned in the balance sheet
  Partnership Deed and partnership authority letter for partnership firms
  Memorandum and Articles of Association and Board Resolution from the company
  Certificate of Incorporation (COI) for companies
  Latest shareholding patterns for Private Ltd. / Public Ltd. companies