Eligibility for Loan Against Property through Maaruti Finserv is available for both salaried individuals and business owners (self-employed), each with specific requirements.
Eligibility Criteria for Salaried Applicants
Must be an Indian citizen residing in India.
Age range typically between 21–60/65 years at loan maturity.
Should be employed with a government, public sector, MNC, or established private company for at least 3 years.
Minimum monthly income (varies by lender, commonly ₹12,000–₹15,000 or more).
Must have a good credit score (700+ preferred).
The property being pledged should have clear ownership and no disputes.
Eligibility Criteria for Business Owners/Self-employed
Must be an Indian citizen residing in India.
Age range generally 25–65/70 years at loan maturity.
The business should be operational and profitable for at least 3 years with valid financial records.
Minimum annual income of ₹3 lakh or more (varies).
Must have a good credit score (700+ preferred).
Must submit business registration and income proof documents.
The property must have a clear title with no ownership disputes.
Both categories are assessed for property valuation, CIBIL score, repayment capacity, and documentation as per the standard LAP process. Meeting these criteria increases the likelihood of approval and better loan terms.
