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Home Loan Starting 6.70%*

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Machinery Loan: Overview

If you are a pensioner seeking the best place to get a loan against property to get you through your post-service years, Bajaj Housing Finance offers an attractive loan against property package specially designed for pensioners. This loan comes at a nominal interest rate, and you can use it to buy a house, cover medical expenses or invest reasonably in property development.

If you receive a pension, then you qualify for this awesome opportunity. Besides being a pensioner, you also need to have a property that you can use as collateral.

Loan Against Property for Machinery: Features and Benefits

Wondering what are the features and benefits of our loan against property for pensioners? Here are two benefits that should interest you.

  • Sizeable Loan Amounts

    Bajaj Housing Finance provides loan amounts as much as Rs.5 Crore* or higher, to eligible applicants, to allow them to address their financial needs without any hassles.

  • Balance Transfer Option

    We offer an excellent balance transfer option that lets you move your loan balance from the current lender to us. Doing so comes with a top-up loan and great tax benefits on your loan against property for pensioners' balance.

  • Comfortable Repayment Tenor

    Pensioners can enjoy a comfortable repayment tenor stretching up to 18 years to repay the loan without worrying their current and future finances

  • No End-use Restrictions

    A notable benefit of the Bajaj Housing Finance Loan Against Property is that there is no restriction on how you would like to channel the funds from your loan. One can use it to address any financial expenses they may have, such as medical bills, overseas education and wedding expenses.

Loan Against Property for Pensioners: Eligibility Criteria

Parameter Salaried Applicants Self-employed applicants
Citizenship Indian Resident Indian Resident
Employment Should be employed with a public or private sector company or a multinational organisation with a work experience of at least 3 years. Doctors and CAs should have a minimum of a three-year work tenure and non-professional self-employed should have a work experience of a minimum of 5 years.
CIBIL Score 750+ 750+
Age 28 to 58 years* 25 to 70 years*

How to Apply for a Loan Against Property for Pensioners

You can apply for our loan against property for pensioners either offline or online. If you prefer to apply offline, all you need to do is visit our physical location. We’re more than happy to receive your application.

Here Are the Steps Needed to Apply Online:

  • Fill in the application form with the required information.
  • Upon the completion of the form, our agents will contact you to move forward with the application.
  • Approval happens if we are satisfied with your application.
  • Once you get the approval notice, we ask that you submit your documents. This helps us to process your approved loan amount..

Note that not all documents can be uploaded online, so you may avail our door-step document pick up service as well.

Take a crucial step towards enjoying your post-work years by taking our loan against property for pensioners today.