Loan Against Property in Aurangabad: Overview
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 popular means of arranging funds in Aurangabad. If you are looking to avail of a Loan Against Property, choose Bajaj Housing Finance. Read further to learn more about our Loan Against Property features.
Loan Against Property in Aurangabad: Features and Benefits
Minimal Documentation Requirements
Bajaj Housing Finance’s Loan Against Property can be availed of with basic documentation. This saves time and ensures quick approval and disbursal of the loan.
High Loan Amount
A Loan Against Property from Bajaj Housing Finance allows you to enjoy the benefit of a substantial loan. One can avail of Rs.5 Crore* or higher, basis eligibility.
Easy-to-Meet Eligibility Criteria
The eligibility criteria for a Loan Against Property are basic. This makes the process of securing instant funding a lot easier for the borrowers.
Flexible End-use
Bajaj Housing Finance Loan Against Property funds can be used for business or housing expenses, or debt consolidation.
Competitive Interest Rates
We offer loans at interest rates starting as low as 10.10%* p.a. to salaried applicants, basis eligibility. This brings down your total cost of borrowing.
Longer Loan Tenor
We offer property loans with a repayment tenor that can be stretched up to a period of 17 years. Borrowers, thus, have enough time to repay the loan in easy instalments.
Loan Against Property in Aurangabad: Interest Rate, Fees, and Charges
Bajaj Housing Finance offers competitive interest rates on property loans, starting from 10.10%* p.a. to salaried applicants, basis eligibility. Along with a processing fee (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.
Loan Against Property in Aurangabad: Eligibility Criteria
Self-Employed Applicants:
- Should be an Indian resident
- Should be aged between 25 years and 70 years**
- Should show a minimum of 5 years of business continuity
- Should ideally have a CIBIL score of 750+
Salaried Applicants:
Should be an Indian resident
- Should be aged between 28 years 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.
Loan Against Property in Aurangabad: Documents Required
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.
