Loan Against Machinery: Avail Machinery Loan Up to Rs.5 Cr*

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Loan Against Property for Machinery: Overview_WC

What is a Loan Against Property for Machinery?

A Loan Against Property for machinery is an financing option for borrowers seeking funds to address big-ticket expenses, especially business owners keen on investing in modern machinery to support their production and revenue generation. Borrowers can benefit from the sizeable loan sanction offered at a competitive interest rate that can be repaid over 17 years.

Loans Against Property  come with no end-use restrictions and can be used for any business purpose or debt consolidation, making it ideal for business owners as other loan options, such as a personal loan, would be comparatively more expensive.

Loans Against Property come with hassle-free eligibility parameters and minimal documentation requests – making it easier to secure approval on your Loan Against property application.

Loan Against Property for Machinery: Features and Benefits _WC

Loan Against Property for Machinery: Features and Benefits

The Bajaj Housing Finance Loan Against Property comes along with the following features and benefits:

Sizeable Loan Amount

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

Balance Transfer Option

We offer easy balance transfer options that let you move your loan balance from your current lender to us for better interest rates. You can also avail of an additional Top-up Loan above your ongoing Loan Against Property.

Comfortable Repayment Tenor

You can enjoy an extended repayment tenor stretching up to 17 years to repay the loan without worrying about compromising your future financial goals.

End-Use Flexibility

A notable benefit of the Bajaj Housing Finance Loan Against Property is that it can be used to address any business or housing finances they may have, such as the purchase of new machinery or home renovation.

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Loan Against Property for Machinery: Eligibility Criteria_WC

Loan Against Property for Machinery: Eligibility Criteria

The eligibility criteria for the Bajaj Housing Finance Loan Against Property are direct and easy to meet:

Eligibility Parameter	Salaried Applicants	Self-Employed Applicants
Citizenship	Indian Resident	Indian Resident
Employment Type and Tenure	Should be employed with a public/private sector company, or a multinational organisation with a work experience of at least 3 years	Should be able to establish a business vintage of at least 5 years at the current enterprise
Ideal CIBIL Score	750+	750+
Minimum and Maximum Age	28 to 60 years**	25 to 70 years**

**The upper age limit is considered as the age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

Loan Against Property for Machinery: Documents Required

In order to streamline the loan processing and increase the chances of quick approval, it's important to keep all the necessary documents*** required for a property loan handy when applying. With minimal paperwork, Bajaj Housing Finance has made the list of documents required for a Loan Against Property short and concise.

Eligibility Requirements	For Salaried Applicants	For Self-Employed Applicants
Proof of identity and address	PAN card, Aadhaar card, Voter ID, Passport, Driving License, utility bills, or any other government-approved photo identity and/or address proof	Identity and address proof are the same for both self-employed and salaried applicants
Proof of employment	Identity card issued by the employer	Document of business ownership, such as partnership agreement, and registration certificate
Proof of income	Latest salary slips Bank account statement for the last 3 months Mandatory documents such as PAN or Form 60 Income Tax Returns	Primary bank account statements for the last 6 months Mandatory documents such as PAN or Form 60 Income Tax Return Financial documents such as Balance Sheet and Profit and Loss Statement
Property documents	Copy of documents of the property to be mortgaged Title documents as required by the legal team	Same as for salaried applicants

***Additional documents may be required during the time of loan processing.

Loan Against Property for Machinery: Application Process_WC

Loan Against Property for Machinery: Application Process

If you’re looking for immediate funding to buy machinery, the Bajaj Housing Finance Loan Against Property is what can help the best. The loan amount can be deposited into your account within 72* hours from the time of application verification and loan approval. Apply for a loan today, using the following steps: