Frequently Asked Questions About Loans Against Property-Banner_WC


Loans Against Property: Overview

Loans Against Property: Overview

An easy funding solution to avail, Loan Against Property is the answer to all big-ticket expenses. It is a secured loan, with the benefits of a personal loan at a more competitive interest rate that ensures your EMI outflow is a lot more manageable than it may have been with an unsecured loan. Eligible applicants may receive funding worth Rs.5 Crore* or higher, with zero end-use restrictions on their loan sanction within 72 hours* from loan approval. Be it for your child’s education, marriage, or any other expenses you have waiting in the pipeline – the Bajaj Housing Finance Loan Against Property is the ideal solution for it.

Loans Against Property: Commonly Asked Questions

Loans Against Property: Commonly Asked Questions

Like with all credit solutions, to get the loan sanction you desire, you will be expected to meet the basic Loan Against Property eligibility criteria. They are easy, just as they are hassle-free:

Particular Salaried Applicants Self-Employed Applicants
Age** Should be between 28 to 58 years Should be between 25 to 70 years
Citizenship Residing Indian Citizen Residing Indian Citizen
Employment and tenure Should be employed in a private company, public sector, or a multinational organization with a minimum work experience of 5 years Should have an existing business that is operational for more than 5 years

Yes, it is preferred that the collateral property have an insurance policy throughout the loan tenor. You are required to provide the insurance proof to Bajaj Housing Finance Limited every year, or whenever required. This protects both you and your family in the advent of property damage, or unforeseen circumstances.

Bajaj Housing Finance has a minimal documentation ask, making it easier for borrowers to secure the loan amount they desire. In the case of Loan Against Property, borrowers will also need to furnish certain documents to validate the value and legality of the property in question. These include a clear Title Deed, property tax receipts, and copies of other property-related documents.

Even if the property you would like to mortgage has other co-owners alongside you, such as your relatives or parents, you can still underwrite the loan without any hassles. In such cases, co-owners are included as co-applicants on the loan.

*Terms and conditions apply

Loan Against Property FAQS Article _wc

Loan Against Property FAQS_PAC_WC



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