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Home Loan Starting 6.70%*

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Pensioners Loan: Overview

While every business desires to have the latest machinery to help them grow, it comes at a price. With increasing costs of the latest power tools, it is more difficult to upgrade your business and seek expansion today. However, taking a loan against property for machinery in India is a great way to stay above this challenge.

A loan against property for machinery is a type of loan that aids entrepreneurs and small business owners to procure machinery. It enables you to either purchase or upgrade your machinery, leading to increased production and higher profit margins.

Pensioners Loan: Features and Benefits

There are several benefits and features of a loan against property for machinery, but here are the most notable one.

  • Quick Approval and Disbursal

    Applying for this loan is hassle-free and with our easy-to-meet eligibility criteria and minimal documentation requirement. Following a speedy approval process, eligible applicants can get the money disbursed into their account in 72 hours*.

  • Flexible Repayment Options

    Another benefit of seeking a loan against property from Bajaj Housing Finance is the flexi-payment options borrowers enjoy. One can choose up to 18 years as their repayment tenor and take their time to repay the loan while saving for their future.

Loan Against Machinery: 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*

*Note that the upper age limit is considered as age, at the time of loan maturity

How to Apply for a Loan Against Property for Machinery

To apply for a loan against property for machinery from us, follow the easy steps below:

  • To apply for a loan against property for machinery from us, follow the easy steps below:
  • Supply the mandatory details displayed on your screen.
  • Submit the loan application form online.
  • Submit the application form.
  • Upon applying, our representatives will contact you to discuss your options.
  • If satisfied with your application, you will receive an approval notice. Submit the necessary documents to facilitate disbursal.

Note: Not all documents can be uploaded, so you will need to submit some in person and that documentation needs may change, basis the lender’s discretion.