Loan Against Property Without Income Proof: Possible?

Hero Housing Finance Ltd04 Oct, 2024Finance

A loan against property without income proof is a secured loan wherein one can use their residential or commercial property to get a loan. The amount that is sanctioned is based on the market value of the property, and it is usually around 60% to 70% of the property’s worth. Since the loan is provided against an asset, lenders tend to be more flexible concerning approval, even when the borrowers cannot provide standard income documentation.