Loan Against Property for Self-Employed
A Loan Against Property or property loan is a type of secured loan that can be availed of by mortgaging commercial or residential property owned by the borrowers. Bajaj Housing Finance offers a substantial loan amount that can be repaid over a flexible tenor extending up to 17 to salaried, self-employed, or professional applicants.
If you are a self-employed applicant planning to avail of a Loan Against Property to meet business or housing expenses, opt for Bajaj Housing Finance for a sizeable sanction and quick disbursal.
Loan Against Property for Self-Employed: Features and Benefits
Loan Amount of Rs.5 Crore*
Bajaj Housing Finance offers a sizeable sanction of Rs.5 Crore* or more based on your eligibility.
Disbursal in 72 hours*
Get Loan Against Property disbursed in 72 hours* post document submission.
Flexible Repayment Tenor
Repay your Loan Against Property over a flexible tenor extending up to 17.
Flexible End-Use
A Loan Against Property can be availed for various requirements related to housing or business. You can also avail of a property loan for debt consolidation.
Eligibility Criteria for Self-Employed Applicants
The Bajaj Housing Finance eligibility criteria for self-employed applicants who wish to avail of a property loan are as follows:
- The applicant should ideally have a CIBIL score of 750 plus
- The applicant should be an Indian resident
- The applicant should be between 23 and 70 years** of age
- The applicant should demonstrate business continuity of at least 3 years
Read Also: Loan Against Property Eligibility Criteria for Professionals
Documents Required for Self-Employed Applicants
To avail of a property loan, you need to submit minimal documents***. Keeping the following documents handy will ensure a speedy approval process:
- Identity proof such as an Aadhaar Card, Voter’s ID, etc.
- PAN Card or Form 60 (mandatory)
- P&L statement
- Address proof
- Statements of your primary account for the last 6 months
- Proof of business vintage
- Documents of the property to be mortgaged
*** This list is indicative. Additional documents may be needed during loan processing.
Read Also: List of Documents Required for Loan Against Property
Loan Against Property for Self-Employed: Steps to Apply
The steps to apply for a Loan Against Property are:
- Navigate to the Loan Against Property application form on our official website.
- Next, select your ‘Employment Type’ and ‘Loan Type’.
- Enter your personal details such as name, date of birth, mobile number, PIN code, PAN, and annual turnover. Next, enter property details,
- Then, click ‘Submit’ to submit the application form.
After applying, our representative will call you within 24 hours* and walk you through the further steps.
*Terms and conditions apply.
Read Also: Loan Against Property for Professionals
