Loan Against Property in Aurangabad: Overview
Also known as the "City of Gates," Aurangabad is the fifth-most populated city in Maharashtra and is a major production centre for cotton textiles and artistic silk fabrics. Aurangabad has been named as a smart city and many people have invested 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. Here’s why.
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 borrowers who are on a tight timeline.
Flexible End-use
Bajaj Housing Finance’s Loan Against Property funds can be used for business expense, or overseas education, etc.
Competitive Interest Rates
We offer loans at interest rates starting as low as 10.10%*, basis eligibility. This brings down your total cost of borrowing.
Longer Loan Tenor
Bajaj Housing Finance’s property loan repayment tenor can be stretched up to a period of 18 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. Along with a processing fee of 7%*, the total cost of borrowing is kept minimal and reasonable. To know more about our fees and charges, please visit our website.
Loan Against Property in Aurangabad: Eligibility Criteria
Self-Employed Applicants:
- Should be an Indian resident
- Should be aged between 25 and 70 years**
- Should show a minimum of 5 years of business continuity
- Should have CIBIL score of 750+
Salaried Applicants
Should be an Indian resident
- Should be aged between 28 and 58 years**
- Should have a minimum employment experience of 3 year
- Should have CIBIL score of 750+
**Maximum age considered at the time of loan maturity.
Loan Against Property in Aurangabad: Documents Required
Self-Employed Applicants:
- Aadhar Card, or Voter’s ID Card of the borrower
- P&L Statement
- ITR Certificate
- Original property documents
Salaried Applicants:
- Aadhar Card, PAN Card and Form 60, or Voter’s ID Card
- Last 3 months’ salary slips
- Original property documents
- The list is only indicative, and you may be asked to provide additional documents required for a Loan Against Property as and when needed.
*Terms and conditions apply.
