Loan Against Property Eligibility Criteria

Loan Against Property Eligibility Criteria

For salaried individuals

The eligibility criteria for a salaried individual seeking a loan against property from Bajaj Housing Finance Limited are:

  • Your age should be between 33 to 58 years
  • You should be a salaried employee in a private company, public sector or a multinational organization
  • You should be a resident of India who lives or owns a property in one of the following cities –
    1. Thane
    2. Delhi
    3. Kolkata
    4. Mumbai
    5. Chennai
    6. NCR
    7. Hyderabad
    8. Bangalore
    9. Pune
    10. Ahmedabad
    11. Navi Mumbai

For self-employed individuals

The following are the eligibility criteria for a self-employed individual seeking a Bajaj Housing Finance Limited Loan Against Property:

  • Your age should be between 25 to 70 years
  • You should be a self-employed individual with a steady income from your business
  • You should be an Indian resident, currently living or owning a property in one of the following cities –
    1. Bangalore
    2. Indore
    3. Aurangabad
    4. Nagpur
    5. Vizag
    6. Rajkot
    7. Vijayawada
    8. Pune
    9. Chennai
    10. Jamnagar
    11. Kolkata
    12. Madurai
    13. Nasik
    14. Surat
    15. Delhi
    16. Baroda
    17. Lucknow
    18. Raipur
    19. Hyderabad
    20. Cochin
    21. Salem
    22. Mumbai
    23. Jaipur
    24. Vapi
    25. Ahmedabad

Documents Required for a Loan Against Property*

For salaried individuals

  • Latest salary slips
  • Bank account statements of the previous 3 months
  • PAN card
  • Address proof
  • Copy of the documents of the property to be mortgaged
  • IT returns

For self-employed individuals

  • Bank account statements of the previous 6 months
  • PAN card
  • Address proof
  • Copy of the documents of the property to be mortgaged

*Please note that the list of documents mentioned is indicative. During loan processing, additional documents may be needed. These requirements will be communicated to you accordingly.