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Unity Bank Loan against Property

A handy financial solution Unity Bank Loan Against Property allows borrowers to get loans by using their property as collateral. This kind of loan allows you to use the money for a variety of purposes. These include debt reduction, home renovations, business development, and support for higher education. LAP gives borrowers large loan sizes based on the appraised property value.

Rating 1.5 / 5★★★☆☆

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Unity Bank Loan against Property

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Here are a few factors

Rating 1.5 / 5★★★☆☆

Total - 2 ratings

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4 ★

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Location	40Km from Branch
CIBIL Score	650+
Applicant	Any Self Employed
Applicant Age	(i) Salaried: 21 year to 65 Year (ii) Self Employed: 21 Year to 70 Year
Loan Amount & Tenure	50 Lac-5 Cr (5 Year to 15 Year)
Login Fees	6500
Rate of Interest & Type	10%-13% (Reducing)
TAT	5 days
Processing Fees	1%-1.50%
Foreclosure Charges	upto 4%+GST
Insurance	As per Age of Applicant
Minimum Business Vintage	3 Year
Lock In Period	12 month
Part Payment Allowed	No
LTV	(i) Residential-70% (ii) Commercial-60% (iii) Industrial-40% (iv) School-60%
Product	(i) Fresh Loan (ii) BT+Topup (iii) Commercial & Industrial Purchase
Program	(i) Banking Program-3 Cr (ii) GST Product-3 Cr (iii) Income Program-5 CR (iv) Lease Rental Discounting-5 Cr (v) Without ITR-50 Lac (vi) Cash Rental-50 Lac
FOIR	Self Employed-80% of Cash Profit
Cautious Profile	No Cautious Profile
Negative Profile	(i) Politician (ii) Share Traders (iii) NBFC (iv) Police(v) Liquor Seller (vi)DSA (vii) Applicant living in dominated area (viii) Real Estate
Funded Property	(i) Residential Property (ii) Commercial Property (iii) Industrial Property (iv) Mall & Commercial Complex Property (v) Primary School & School (vii)Nursing Home<25 Bed (viii) Hotel & Restaurant (viii) Godown & warehouse (ix) Stone Slab Property (x) Lal Dora Property (xi) Sub-divided Property (xii) Basement if Map Approved (xiii) Khasra Khatauni Property (xiv)Subject to Sale Deed
Negative Property	(i) Lease hold Property without PTM (ii)Stand Alone Basement (iii) Auction Property (iv) Demolition List Property (v) ) GPA Property (vi) Gift Deed Property (vii) Single Sale Deed Property (viii)Without MAP Property (ix) Unapproved Freehold Property (xx) Legal & technical not clear(xxi) Farm House (xxii) Multi Tenanted Unit
Accepted Collateral	Other than Negative Property
Specific Property wise Funding Limit	(i) Lal Dora-5 Cr (ii) School-5 Cr (iii) Khasra Khatauni-5 Cr (iv) Stone Slab-5 Cr
Any Specific Product for Professionals	No
USP	(i) Upto 50 Lac No financial Required (ii) Clubbing of EMI upto 12 Loan for calculating Eligibility

Right Documents - Easy Process

Required Documents to Apply for Unity Bank Loan against Property

Salaried income documents

KYC of applicant & Co-Applicant
Last 3 Month Salary Slip of Applicant
Last 12 month Bank Statement of applicant & co-applicant
Last 3 year ITR with computation of income of applicant & co-applicant
Last 2 Year Form 16 of applicant
26AS of last 2 year of applicant & co-applicant
Appointment letter of applicant if available
Agreement to Sale if purchase case
Property Paper with complete chain of last 13 years
LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
Sanction letter of all running loan
Latest utility Bill if owned residence or rent agreement if rented
2 Reference with contact details

Self Employed person documents

KYC of applicant & Co-Applicant
Last 3 year ITR with computation of income of applicant & co-applicant
Last 3 year audited balance sheet of applicant
Last 3 year Tax audit report of applicant
Last 12 month Bank Statement of applicant & co-applicant
26AS of last 2 year of applicant & co-applicant
Copy of GST registration
Copy of MSME registration
Copy of Last 12 month GST return
Agreement to Sale if purchase case
Property Paper with complete chain of last 13 years
LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
Sanction letter of all running loan
Debt Sheet
Latest utility Bill of residence if owned or rent agreement if rented
Latest utility Bill of Office if owned or rent agreement if rented
2 Reference with contact details
Last 3 year Debtors & Creditors on letter head
List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

1. KYC Means
If Applicant is

Company-MOA, AOA, COI , PAN Card
Partnership Firm/LLP- Partnership Deed & PAN Card
Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo

For Co-Applicant

KYC means Adhaar Card, PAN Card, Passport Size Photo

Co-Applicant means in case of

Company : Directors
Partnership firm/LLP : Partners
Proprietorship Firm : Spouse of Proprietor

2. If LAP is applied with Government Bank then 30 year chain is required
3. If applicant is professional, then his professional degree is required

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FREQUENTLY ASKED QUESTIONS

How much CIBIL Score Do I need to apply for a Unity Bank Loan Against Property?

You should have at least 650+ CIBIL score to be eligible for Unity Bank Loan Against Property

How much processing fee will Unity Bank charge for processing my loan?

Unity Bank will charge 1.00 -1.5% on the loan amount.

How much can I expect against my residential property from Unity Bank?

You can expect upto 70% of your residential property’s market value.

Does Unity Bank offer any specific product for professionals?

No, Unity Bank does not offer any specific product for professionals.

How many years will Unity Bank offer me to pay back my loan amount?

Unity Bank will offer upto 15 years to pay back your borrowed amount.

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Unity Bank Loan against Property

Loan Amount : Upto 5 Cr

Rate of Interest : 10% Onwards

Tenure : Upto 15 Years

USP : Clubbing of EMI Upto 12 Loan for More Eligibility

Unity Bank Loan against Property

Here are a few factors

Required Documents to Apply for Unity Bank Loan against Property

Salaried income documents

KYC of applicant & Co-Applicant

Last 3 Month Salary Slip of Applicant

Last 12 month Bank Statement of applicant & co-applicant

Last 3 year ITR with computation of income of applicant & co-applicant

Last 2 Year Form 16 of applicant

26AS of last 2 year of applicant & co-applicant

Appointment letter of applicant if available

Agreement to Sale if purchase case

Property Paper with complete chain of last 13 years

LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case

Sanction letter of all running loan

Latest utility Bill if owned residence or rent agreement if rented

2 Reference with contact details

Self Employed person documents

KYC of applicant & Co-Applicant

Last 3 year ITR with computation of income of applicant & co-applicant

Last 3 year audited balance sheet of applicant

Last 3 year Tax audit report of applicant

Last 12 month Bank Statement of applicant & co-applicant

26AS of last 2 year of applicant & co-applicant

Copy of GST registration

Copy of MSME registration

Copy of Last 12 month GST return

Agreement to Sale if purchase case

Property Paper with complete chain of last 13 years

LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case

Sanction letter of all running loan

Debt Sheet

Latest utility Bill of residence if owned or rent agreement if rented

Latest utility Bill of Office if owned or rent agreement if rented

2 Reference with contact details

Last 3 year Debtors & Creditors on letter head

List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

FREQUENTLY ASKED QUESTIONS