Check Eligibility Criteria for Home Loan & Paperwork Needed
In a fast-paced world, access to easy credit is an obstacle you need to cross to complement your dreams and desires. We’ve eliminated all those hurdles for you and have optimized our loan processing protocols to offer you a quick and easy experience. Qualifying for the Capitalneed.com Home Loan is easy as we have an easy eligibility criterion and require only basic paperwork to approve a loan.
LAP Eligibility Criteria
| Description | Salaried Individuals | Self-Employed Individuals | Firm / Company |
| Eligible Borrowers | Salaried individuals working with LLP / Private Limited / Public Limited companies |
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Partnership or Private Limited companies engaged in manufacturing, servicing, or trading |
| Age | Applicant must be a minimum of 21 years at the time of loan application and should be a maximum of 60 years at loan maturity | Applicant must be a minimum of 18 years at the time of loan application and should be a maximum of 75 years at loan maturity | Proprietor / key partner / key director should be a minimum of 18 years at the time of loan application and should be a maximum of 75 years at loan maturity |
| Experience / vintage | 3 years of total experience and 6 months with the current employer | Should be in the same business/profession for the last 5 years | Business stability/vintage of minimum 5 years in the same business |
| Citizenship | Individuals must have Indian citizenship | Individuals must have Indian citizenship | Proprietor/partners/directors must have Indian citizenship |
Note: The above-mentioned eligibility list is indicative. Additional eligibility criteria may be required during loan processing by Capitalneed.com.
Documents Required For LAP
| Description | Salaried Individuals | Self-Employed Individuals | Firm / Company |
| Identity Documents | PAN Card/Aadhaar Card/Driving License/Voter ID/Passport | PAN Card/Aadhaar Card/Driving License/Voter ID/Passport | GST Registration Certificate (If applicable) and Other Applicable Registrations, KYC of Partners / PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport |
| Address Proof | The Electricity bill for owned premises, Rent agreement for Rented premises, Passport |
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The Electricity bill for owned premises, Rent agreement for Rented premises, Passport for Partner / Directors |
| Income Documents | 3-month salary slips |
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Income Tax Returns along with computation for the last 2 years, Profit/Loss statement and balance sheet for the last 2 years, GST Returns |
| Bank Account Statement | Salary credit bank account statement for the last 6 months | Operative bank account statement for the last 12 months | Operative bank account statement for the last 12 months |
| Property Documents | If already finalised, along with legal & technical clearance of the property | ||
*The above-mentioned documents list is indicative, and additional documents may be required during loan processing.
