Capital First Loan against Property

With a vision to be the leading financial service provider, Capital First caters to all the financial needs of the customer like Consumer Lending and Corporate Lending. The comprehensive product suite of Capital First is taking it towards the significant financial conglomerate of the country.

Individual’s property is of great value and Capital First helps unlock the hidden value of the property. Loan against property can be used both for personal or business needs. Moreover this loan can be repaid over an easy period of 15 years. At Loanstreet you can apply for LAP online and get a prompt approval with assured satisfaction.

Minimum Threshold For Capital First LAP Eligibility
  1. At least 24 years of age.
  2. Salaried/ Self-employed with regular source of income.
  3. Less than 65 years of age.
Documentation Required For Application Of Capital First LAP

Generally all banks follow same guidelines for collecting elementary documents. However there may be little variation with subject to specific requirements. Below listed are the documents that is required to process the loan faster. Self attested copies of Documents are solicited.

  1. The Signed application form duly filled with photograph.
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statements.
  3. Cheque of Processing Fee.
Salaried Individuals
  1. Last 2 years Form 16 or Income Tax Returns
  2. Last 3 months salary slips
  3. Last 6 months bank statement reflecting salary credits
Self employed Individual/ Proprietorship
  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificates
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans’ Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company
Partnership Firm/ Partnership LLP
  • Age proof of all the partners in the form of PAN Card, Passport or Adhar Card
  • PAN Card of the company
  • Residence proof of all the partners –Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.
  • Latest 12 months bank statement of the Company and of the Partners’ Savings Bank Account
  • Partnership deed
  • Existing Loans’ Sanction letters accompanied with repayment track
  • Business profile on the letterhead of the company
Private Limited / Limited Company
  • Application form duly filled with photographs of directors.
  • Age Proof of Directors- PAN Card, Aadhar Card, passport
  • Residence Proof of Directors- Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • PAN Card of Company
  • Education Qualification- A professional qualification certificate in case of Doctors/CA/Architects
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • MOA, AOA, List Of Directors, Share Holding Pattern of the Company
  • Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.
  • Latest 12 months bank statement of Company of all current accounts and the same for Director’s Savings Bank Account
  • Existing Loans’ sanction letter with repayment track of company and Individual Directors
  • Business Profile on the Letter Head of the Company
Property Documents
  • Occupancy Certificate
  • Approved Plan of building
  • Share certificate copy
  • Chain of deeds in case of resale property
  • Property Card
  • Nil Encumbrance Certificate- EC ( if applicable)
  • Current Sale agreement/ Draft Agreement
Capital First LAP Interest Rate
Rate of Interest 12 - 13.50%
Loan Tenure 5 years to 15 years
Processing Fees 1% of the loan amount + Service tax as applicable
Foreclosure charges 4%of the Outstanding + ST as applicable
Unique Features Of Capital First LAP
  • Document Custodial Facility at Capital first ensures that the customers’ documents are safeguarded as it is equipped with strong fire resistant storage room and world class security systems.
  • Accurate Repayment Track Record helps keep the customer updated on the amount of loan repaid.
  • Favourable rate of Interest.
  • The loan amount that can be taken is 70% of the Market Value
  • The maximum loan amount is Rs 25 Crores