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Get the maximum value for your property with Sundaram Home. Our Loan Against Mortgage of Property (LAMP) facility helps you meet your financial needs with speedy process and competitive rates. The trust and reputation of Sundaram Home, will ensure that your property is in safe hands too!
Features

Tenure upto 10 years

Maximum finance against property value

Competitive interest rates

Continued occupancy on property

Flexible repayment options

Primary Applicant
Age: 18-65 YEARS
Nationality: INDIAN
Professional: SALARIED / SELF EMPLOYED
Gender: ALL GENDERS

Co-applicant
- Adding co-applicant helps in maximizing the loan amount.
- Co-applicant can be spouse or close family members.
- Attractive interest rate for women co-owners.
- All co-owners of the property ought to be co-applicants.
Gross Monthly Income (Rs.) 50000
₹ 5 K₹ 4 L
Tenure (Years) 1
1 Yr25 Yrs
Interest Rate (%) 8.5
6.5 %15 %
Other Loan Commitments (Rs.) 0
₹ 0₹ 4 L
Your Loan Eligiblity Amount is
0
Loan Amount 2000000
₹ 1 L₹ 400 L
Tenure (Years) 5
1 Yr25 Yrs
Interest Rate (%) 8.5
6.5 %15 %
Your EMI Amount is
0

- Aadhaar Card
- Driving Licence
- PAN Card (Mandatory)
- Passport
- Voter ID Card
- Bank Passbook with photo
- Photo Credit Card
- Any other Photo ID (subject to the satisfaction of the Company)

- SALARIED
- Last 6 months' Salary Slips
- Last 6 months' Bank Statements, showing salary credits
- Latest Form-16 and IT returns SELF EMPLOYED
- Last 12 months' GST Returns
- Last 6 months' Bank Statements
- Last 3 years' IT returns

- Original registered title deed in your favour
- Parent document copies * linking the chain of transactions over the past 15 years
- Encumbrance certificate for a minimum 13 years or (for prior period) @
- Original plan approved from the Competent Authority &Lay out Approved Plan
- Patta in your name
- Original Estimation
* If the parent deed is prior 13 years and covers the same extent of property currently owned then such original prior / parent deed is also required.
@ If the parent deed is prior 13 years covers the same extent of property currently owned then the EC from the date of the said Original purchase/acquiring of the property is required.
- Original registered sale deed for undivided share in favour of the customer
- Original sale and construction agreement (To be registered if applicable) in favour of the customer
- Original stamped receipt for the payments made by the customer to the builder (i.e. = Total property cost - Home loan amount)
- Encumbrance certificate for a minimum 13 years or for prior period if applicable
- Parent document copies for a minimum 13 years or for prior period of documents if applicable
- Permission of Mortgage Letter by the builder in favour of Sundaram Home's format
- Copy of approved plan and floor plan
- Handing over of possession of flat
- Completion certificate from builder
- Original sale agreement between the seller & the customer
- Original sale deed in favour of the seller
- Parent documents * for a minimum 13 years *
- Encumbrance Certificate for a minimum 13 years @
- Patta and house tax receipt/ EB receipt (latest)
- Original stamped receipt from the seller (i.e. = Total property cost – Home loan amount)
- Copy of approved Building plan & Lay out Approved Plan
- Draft sale deed
- Evidence of handing over of possession by the seller
* If the parent deed is prior 13 years and covers the same extent of property owned by the vendor then such original prior / parent deed is also required
@If the parent deed is prior 13 years and covers the same extent of property owned by the vendor, then the EC from the date of the said Original purchase/acquiring the property is required.
- Original sale agreement between the seller & customer
- Original sale deed in favour of the seller
- Original construction agreement in favour of the seller
- Original stamped receipts given by the builder favouring the seller
- Parent documents * for a minimum 13 years *
- Encumbrance Certificate for a minimum 13 years @
- Latest property tax / EB/ Water & Sewerage receipt in favouring the seller
- Original stamped receipt from the seller (i.e. = Total property cost – Home loan amount)
- Copy of approved plan and floor plan
- Evidence of handing over of possession by the seller
* If the parent deed is prior 13 years and covers the same extent of property owned by the vendor then such original prior / parent deed is also required
@If the parent deed is prior 13 years and covers the same extent of property owned by the vendor, then the EC from the date of the said Original purchase/acquiring the property is required.
THE POWEER OF ATTORNEY FORMAT USED IN CASE
When power of attorney is executed in India
- Attorney should be a resident of India
- Power of attorney is to be executed on a non-judicial stamp paper of Rs.100/- (State of Tamil Nadu)
- The executant should execute in each page of the Power of Attorney and wherever the blanks relevant details are to be duly filled in.
- A Judicial Magistrate or a Notary Public should ATTEST the signature of the executant.
In case of non-residents, if the power of attorney is being executed outside India
- The attorney should preferably be a resident of India
- The power of attorney should be executed on a plain paper as the case may be as applicable in the country in which the power of attorney is executed.
- Any authorised official of the Indian Embassy/Consulate/Trade commissioner / Notary in the country where the executant resides should attest the signature of the executant.
- The Power of attorney after being received in India, should be duly adjudicated / validated in the Concerned District Registrar, in India.

FAQs
Sundaram Finance offers you the opportunity to meet your personal financing needs for marriage, medical expenses or education or business needs of expansion, to debt refinancing to pay off existing loans, with its loan against property facility.
As an existing customer, you may avail a maximum funding not exceeding 60% of the market value of the mortgage property. The funding is capped off at 50% of the market value for new customers. Market value in both cases shall be assessed by Sundaram Home.
Both salaried and self-employed individuals can avail Sundaram Home’s loan against property provided they meet the eligibility criteria and present appropriate documents.
Loan against property can be availed for a maximum term of 15 years or until the age of superannuation of the availer, whichever is lower.
• Deposit of title deeds
• Additional security in the form of LIC Policies / Guarantees from verified third-party
Note: Security of the loan would generally be security interest on the property being financed by us and / or any other collateral / interim security as may be required by us.
You can find a checklist regarding documents required on Link to document section.