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 28 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 and owns a property in BHFL locations like-
    1. Delhi &NCR
    2. Mumbai & MMR
    3. Chennai
    4. Hyderabad
    5. Bangalore
    6. Pune
    7. Ahmedabad

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 a resident of India who lives and owns a property in BHFL locations like-
    1. Bangalore
    2. Indore
    3. Nagpur
    4. Vijayawada
    5. Pune
    6. Chennai
    7. Madurai
    8. Surat
    9. Delhi & NCR
    10. Lucknow
    11. Hyderabad
    12. Cochin
    13. Mumbai
    14. Jaipur
    15. Ahmedabad

Documents Required for a Loan Against Property*

For salaried individuals

  • Latest salary slips
  • Bank account statements of the previous 3 months
  • PAN card/Form 60 of all applicant
  • ID proof of all applicant
  • Address proof of all applicant
  • Copy of the documents of the property to be mortgaged
  • IT returns
  • Title documents as required by legal team 
  • Any other documents as may required

For self-employed individuals

  • Primary bank account statements of the previous 6 months
  • PAN card/Form 60 of all applicant
  • Address proof of all applicants
  • ID proof of all applicant  
  • Income documents like ITR/Financial etc
  • Copy of the documents of the property to be mortgaged
  • Title documents as required by legal team
  • Any other documents as may required

*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.