Loan Against Property: No Income Proof? No Problem!

Getting a loan against property without income proof or ITR is possible with the right approach. Lenders may consider factors like the property's high market value, your good credit score, and alternate income proofs such as bank statements or rental income. Adding a co-applicant or guarantor with stable finances can also improve eligibility. Non-Banking Financial Companies (NBFCs) and private lenders often have more flexible requirements than traditional banks. Opting for a lower loan-to-value ratio and ensuring clear property documentation can further enhance your chances of approval.