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                     How to get a loan against property?
A loan secured by property implies security in the form of residential or non-  
residential premises owned by the borrower. If something does not go  
according to plan and the borrower fails to close the obligations assumed in  
time, the property will be sold, and the proceeds from the sale will be used to 
 pay off the debt to the bank. But how to get a loan against property - 
read  in this article.
Necessary documents required by the bank
First of all, when applying for a mortgage, precise documentation must be  
presented to the bank. In this way, the Institute can assess the customer's  
present and future economic situation and calculate the risk it faces by 
lending  the loan amount requested by the customer for the loan. The 
documents  relating to the person include:
Identity card
Tax ID
Certificate of residence  
Certificate of Family Status
Certificate of service (if an employee)  
Photocopy of pay slip (if an employee)
Photocopy of bank statements (if self-
employed)
The documents relating to the person are required to adequately evaluate 
the  economic conditions of the customers, to know the income, the family 
burden,  and if there are past elements that could influence and increase the 
risks  deriving from the granting of the loan.
The documentation relating to the property, on the other hand, is used to  
know the value of the house and its origin, or whether it is a sale or 
something  else, and consists of:
Photocopy of the compromise  
Photocopy of the certificate of origin
In particular cases, the lender may request more information and other  
documents. Cases that require additional documentation may concern, for  
example, residents at risk, divorced, or self-employed.
What are the stages and timing of the loan application?
Below are indicated the steps to follow to apply for a mortgage:
When submitting the official loan application, you first need to verify that  
you meet the requirements and attach all the required documents to the 
bank.
Once the documentation has been delivered, it will take about 20 days to 
know  the response and know if the loan application has been accepted. In 
the event  of a positive outcome from the lender, it will take more or less 
another 30  days for the loan to be disbursed.
The times may vary from institute to institute, and the duration for the  
completion of the procedures described above is, in any case, indicative. To  
find out the times of the procedures foreseen by your bank, it is advisable to  
inquire directly through the customer assistance service of the latter.
In some cases, for example, such as when the bank from which the loan is  
requested carries out the granting of mortgages as its only activity, it will be  
possible to verify that the times for the procedures are shorter than those of  
traditional banks, around two weeks.
In any case, it is advisable to submit the loan application in advance and to  
find out about the offers proposed by the lenders by consulting the loan  
products to find the loan offers that best suit your needs.
If you are looking to get a loan against property quickly, visit  
recashloan.com, explore the options to choose the one that best suits your  
needs, fill out the form on the online website, and get money on credit for 
any  purpose with the best conditions.