Loan Against Property for Professionals: Overview
Bajaj Housing Finance Loan Against Property for professionals is designed to help doctors and chartered accountants secure sizeable funding for various business or housing needs. Eligible professionals can get a loan sanction worth Rs.5 Crore* or higher, basis eligibility, with end-use flexibility on the loan amount and quick disbursal within 72 hours* post document verification.
Loan Against Property for Professionals: Features and Benefits
Sizeable Loan Amount
Bajaj Housing Finance offers doctors and chartered accountants big-ticket Loans Against Property to help them meet their financial needs. Get funds worth Rs. 5 Crore* or higher, basis eligibility.
Attractive Interest Rates
Professionals can avail of Loans Against Property at competitive interest rates and save on the total cost of borrowing.
Quick Disbursal
We disburse the sanctioned loan amount in 72* hours from the time of document submission and approval, ensuring quick access to funds.
Easy Balance Transfer Facility
Transfer the balance on your existing Loan Against Property to Bajaj Housing Finance for a sizeable top-up and competitive rate of interest. Our Loan Against Property Balance Transfer option is seamless and hassle-free.
Flexible Repayment Tenor
A Loan Against Property can often be a long-term commitment, which is why it is important that you are given the option to repay at your pace. With a tenor of up to 17 years, Bajaj Housing Finance offers you the option of flexible repayment.
Online Account Management
Our online customer portal ensures convenience; access the details of your Loan Against Property account online anytime, anywhere.
Loan Against Property for Professionals: Eligibility Criteria
The Loan Against Property eligibility criteria are simple and easy-to-meet. The eligibility criteria includes:
- Applicants must be Indian citizens residing in the country
- Applicants should ideally have a CIBIL score of 750 or higher
- Professional applicants must be between 23 and 70 years** of age
**The upper age limit is considered as 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 Professionals: Documentation Requirements
To complete your application and ensure speedy approval, you will need to keep the following documents handy.
KYC documents
Applicants must submit their PAN Card or Form 60 as mandatory documents. Other required documents include Aadhar, Voter ID, Driver’s License, or Passport for KYC.
Income proof
Professional applicants must show their financials as applicable.
Taxation document
Applicants must submit their ITR records.
Property documents
Applicants must provide a copy of the documents of the property to be mortgaged, along with Title documents.
Note: This list is indicative. Additional documents may be needed during loan processing.
Loan Against Property for Professionals: Interest Rates and Charges
Bajaj Housing Finance offers Loans Against Property at an attractive interest rate of 9.40%* p.a. to professional applicants who satisfy the eligibility criteria. The lending terms and policies are simple and transparent, aiming to provide a hassle-free borrowing experience.
To learn more about the Loan Against Property charges, click here.
Calculate Your Loan Against Property EMI
Repayment Schedule
Loan Against Property for Professionals: Application Process
The application process for a Professional Loan Against Property is simple and convenient. Proceed with the following steps to apply for a Loan Against Property with Bajaj Housing Finance.
- Click on 'Apply Now' below and fill in the online application form with your personal, employment, and contact details.
- Then select the location of your property and provide your annual turn-over details.
- Enter your PIN code and the required loan amount.
- Proceed to the next step after entering the OTP and enter the rest of the financial and property related details.
- Click ‘Submit’ to submit the application form.
Our representative will get back to you in 24 hours* and guide you through the next steps, which will include document submission and verification.
Receive disbursal of your loan within 72 hours* from approval and document submission with Bajaj Housing Finance.
*Terms and conditions apply
