Loan Against Property in Banswara: An Overview
The city of Banswara in Rajasthan builds much of its economy from the tourism industry. With visitors frequenting the place and residents opening new business ventures, the demand for property loans has gone up in the region.
In such a scenario, a Loan Against Property in Banswara from Bajaj Housing Finance can help you with securing funds that can be used to expand your business or invest in a to-let property. Find out more about Loan Against Property on this page.
Loan Against Property in Banswara: Features and Benefits
Attractive Interest Rates
Property loan interest rates are usually cheaper than personal or business loans due to its secured nature. If you plan to avail of a loan from us, you stand a chance to enjoy some of the most competitive interest rates on Loan Against Property sanctions.
Longer Tenor
Borrowers typically get a longer, flexible loan tenor that allows for easier loan repayment. With us, the desired loan repayment tenor can be as long as 17 years.
Multipurpose Loan
One of the best features of a property loan is that it can be used for various purposes – be it financing your home renovation or business expansion. It can also be used for debt consolidation.
Minimal Documentation
The Loan Against Property documentation process does not involve a lot of paperwork. All you have to do is provide the necessary documents with the application form and a representative will have them checked and verified at the earliest.
Loan Against Property in Banswara: Eligibility Criteria
The eligibility criteria set by the lender to apply for a loan against property in Banswara are as follows:
| Eligibility Parameters | Salaried Applicants | Self-Employed Applicants |
|---|---|---|
| Nationality and Citizenship | Applicants must be residing Indian citizens with a property located in a city we operate in | Applicants must be residing Indian citizens with a property located in a city we operate in |
| Age** | Applicants must be aged between 28 to 60 years | Applicants must be aged between 25 to 70 years |
| Employment Record | Applicants should be employed by a public/private firm or an MNC for at least 3 years | Applicants should have a vintage of at least 5 years at their current business |
**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 Banswara: Documents Required
The documentation requirements for a Loan Against Property is simple and direct:
- Proof of identity and residence: Voter’s ID/Driving License/Passport
- Mandatory documents: PAN card/Form 60
- Proof of income: Bank account statements, Income Tax Returns, etc.
- Property-related: Buyer agreement/title deed/property tax receipts, etc.
- Other documents: Documents related to the declared businesses and ventures (in the case of self-employed applicants)
Note that this list is only indicative and may change based on your loan application.
Loan Against Property in Banswara: How to Apply
For a speedy approval and disbursal, applicants should follow the steps mentioned below:
- Visit the Loan Against Property application form on the website
- Select your ‘Employment Type’
- Select ‘Loan Against Property Balance Transfer’, from the ‘Loan Type’ menu
- Submit your identification, property, and lender details
- Lastly, submit income details
- Submit the form successfully
Once you submit the form, you can expect a call from our representative within 24 hours* to walk you through the next steps.
*Terms and conditions apply.
