Overview of a Loan Against Property in Aurangabad
Aurangabad has witnessed a surge in infrastructure development, with notable projects including the expansion of road networks and improvements in public transportation. These initiatives aim to enhance connectivity and foster economic growth, contributing to the city's overall development and prosperity. Aurangabad has been named as a smart city and many people look forward to investing in the city’s real estate sector.
Loans Against Property draw low interest rates and therefore, have become a preferred means of arranging funds. If you are looking to avail of a Loan Against Property, consider opting for Bajaj Housing Finance.
Features and Benefits of a Loan Against Property in Aurangabad
Minimal Documentation Requirements
The Bajaj Housing Finance Loan Against Property requires basic documentation, ensuring a simpler application process with quick approval and disbursal.
Sizeable Loan Amount
A Loan Against Property from Bajaj Housing Finance allows you to benefit from a substantial loan. One can avail of a sanction of Rs.5 Crore* or higher, basis eligibility.
Easy-to-Meet Eligibility Criteria
The eligibility criteria for a Loan Against Property are basic, making it easier for prospective borrowers to secure funding when needed.
Flexible End-use
Funds sanctioned as part of a Loan Against Property can be used for business or housing expenses, as well as debt consolidation.
Competitive Interest Rates
We offer loans at interest rates starting as low as 9.40%* p.a. for salaried applicants, basis eligibility. With competitive rates, your cost of borrowing remains in check.
Longer Loan Tenor
We offer property loans with a repayment tenor of up to 17 years. Borrowers, thus, have the choice to opt for a tenor that best suits their repayment capacity.
Calculate Your Loan Against Property EMI
Repayment Schedule
Interest Rate and Fees of Loans Against Property in Aurangabad
Bajaj Housing Finance offers competitive interest rates on property loans, starting from 9.40%* p.a. to salaried applicants, basis eligibility. Along with our nominal processing fee of up to 4% of the loan amount + GST as applicable, the total cost of borrowing is kept minimal and reasonable. To know more about our fees and charges, please click here.
Eligibility Criteria for a Loan Against Property in Aurangabad
Self-Employed Applicants:
- Should be an Indian resident
- Should be aged between 23 and 70 years**
- Should show a minimum of 3 years of business continuity
- Should ideally have a CIBIL score of 750+
Salaried Applicants:
Should be an Indian resident
- Should be aged between 23 and 60 years**
- Should have a minimum employment experience of 3 year
- Should ideally have a CIBIL score of 750+
**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.
Documents Required for a Loan Against Property in Aurangabad
Self-Employed Applicants:
- PAN Card/Form 60 (mandatory)
- Aadhaar Card or Voter’s ID Card
- P&L Statement
- ITR Certificate
- Original property documents
Salaried Applicants:
- PAN Card/Form 60 (mandatory)
- Aadhaar Card or Voter’s ID Card
- Last 3 months’ salary slips
- Original property documents
Note: The list is only indicative and you may be asked to provide additional documents at the time of loan processing and verification.
*Terms and conditions apply.
Steps to Apply for a Loan Against Property in Aurangabad Online
Avail of a Loan Against Property in Aurangabad from Bajaj Housing Finance online by following these steps:
- Go to our application form.
- Fill up financial and personal details such as your employment profile, preferred loan type, additional income details, and information about the property to be mortgaged.
- Generate OTP and verify your mobile number.
- Proceed to fill in the rest of the details.
- Click ‘Submit’ to submit the application form.
Once you submit the application form, our representative will take you through the next steps.
You can choose Bajaj Housing Finance to apply for a Loan Against Property in Aurangabad, either online from the comfort of your home or in person at our nearby branch.
Secure a Loan Against Property in Aurangabad, and after document verification, the funds will be disbursed within 72 hours*.
The documents required to apply for a Loan Against Property in Aurangabad with Bajaj Housing Finance are minimal:
For Salaried Applicants
- KYC Documents: Aadhaar Card, Voter ID, PAN Card, or Form 60 (mandatory)
- Address Proof: Utility bills
- Income Proof: Salary slips for the last 3 months, Income Tax Return (ITR) documents, and bank statements for the past 3 months
- Property Documents: Papers related to the property being mortgaged
For Self-Employed Applicants
- KYC Documents: Aadhaar Card, Voter ID, PAN Card, or Form 60 (mandatory)
- Address Proof: Utility bills
- Income Proof: Bank statements for the past 6 months
- Business Proof: Proof of business vintage
- Property Documents: Papers related to the property being mortgaged
This list is indicative. We may request additional documents.
You can determine your eligibility for a Loan Against Property in Aurangabad simply with our online housing loan calculator. Provide information such as your city, date of birth, monthly income, and obligations to receive an instant loan estimate.
With Bajaj Housing Finance, you can apply for a Loan Against Property in Aurangabad at your convenience. You can complete the application process online from the comfort of your home. You can also benefit from our doorstep document pickup service for a seamless experience.
