Rs.4 Crore Loan Against Property: Overview
If you are looking for a loan of Rs.4 Crore, you can consider opting for a Loan Against Property (LAP), which provides access to a substantial amount of money quickly.
A Loan Against Property is a secured loan where a residential or commercial property is pledged as a collateral. The ownership rights of the property remain with the borrower, provided the loan repayments are made on time.
Rs.4 Crore Loan Against Property: Application Process
Steps to apply for a Rs.4 Crore Loan Against Property
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Make an Application
You may be asked to provide your personal details and information related to your property. This can be done either online or at a branch office location. -
Confirm All Details and Submit the Required Documents
Once your application is received, the details will be verified, and you will be asked to submit all the documents. -
Document Verification
Once you have submitted all the documents, your lender will cross-verify each of the documents submitted by you. Any wrong information provided by you can lead to loan application rejection. -
Get a Sanction Letter
Once all your details are verified for a Rs.4 Crore Loan Against Property, you will receive a sanction letter which will contain important details, such as the loan amount, the interest rate offered and loan tenor among others. -
Loan Disbursal
After further verification, you will receive the final loan agreement. After signing the loan agreement, the loan amount will be transferred to your account.
Rs.4 Crore Loan Against Property Eligibility Criteria
The eligibility criteria for a Loan Against Property of Rs.4 Crore includes:
| Salaried Applicants | Self-Employed Applicants |
|---|---|
| The applicant must be an Indian citizen living in a city where Bajaj Housing Finance operates. | The applicant must be an Indian citizen living in a city where Bajaj Housing Finance operates. |
| The applicant must be between the ages of 28 to 60 years**. | The applicant must be between the ages of 25 to 70 years**. |
| The applicant must have at least 3 years of work experience either at an MNC, or a Public or Private sector company. | The applicant's business must be able to generate a consistent source of income and have been in operation for at least 5 years. |
Bajaj Housing Finance offers loans against property at interest rates starting as low as 9.75%* p.a. for self-employed individuals. With us, you can get access to a loan amount as high as Rs.5 Crore* or even more. Looking for quick funding? Start your loan application today. You can also use our Loan Against Property EMI Calculator to know your EMIs and plan your loan journey with us in advance.
**The maximum age limit is considered as the age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile
*Terms and conditions apply.
