BOB Loan Against Property

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Loan Amount: 

1 - 300 Lacs

  • Ideal use of idle property - Generate additional income from an otherwise idle property.
  • Withdraw money as per your need and save on interest cost.
  • Deposit surplus money / regular income / salary and save interest.
  • Flexibility to withdraw money deposited earlier.
  • Can be availed either as overdraft or demand loan as per your need.
  • Salaried: 36 times of gross monthly income
  • Others: 5 times of average (last 3 years) annual income
  • Borrower should be valid owner of the property in question


  • Income proof (Form 16 along with salary certificate from the employer)

Professional / Self-employed

  • I.T. returns for past 3 years
  • Latest income tax assessment order (for overdraft amount of over Rs. 5 Lacs)
  • Income certificate from appropriate revenue authority like Tehsilldar/BDO/SDO (for agriculturist)
  • Original title deeds of the property offered for mortgage
  • Paid receipt of latest maintenance, water tax, municipal tax and any such taxes.
  • Non encumbrance letter from co-op society
  • Permission to create Equitable Mortgage from society
  • Last 6 months bank statements of main bank account