FAQs – Loan Against Property

A. The following parameters are taken into consideration for assessing an applicant’s eligibility for a loan against property: 

• Age
• Income
• Property value
• Existing obligations, if any
• Continuity/stability of business/employment
• Past borrowing track record
   

A. Yes, there must be an insurance policy throughout the loan tenor for the property against which you are availing a loan. You are required to provide the insurance proof to Bajaj Housing Finance Limited every year, or whenever required.

A. The title of the property should be clear, free of any litigation, and should not have an existing mortgage or loan.

A. Yes, you can. The co-owners of the property will be marked as co-applicants of the loan.

A. A pricing increase is directly influenced by the cost of funds. A pro-active repricing policy is set as a measure to ensure that there is no inordinate rise in your loan pricing against new acquisitions and that there is always parity for your loan against property.