Overview of a Loan Against Property in Chennai
Chennai is the capital of Tamil Nadu and is famous for its infrastructure, IT sector, tourism, and premium healthcare facilities. The city’s growing prospects also lead to a growing demand for funding, be it for business or housing.
To help with this, we offer attractive Loan Against Property options starting as low as 9.40%* p.a for self-employed individuals, basis eligibility. Borrowers can enjoy benefits such as competitive interest rates, smaller EMIs, and a flexible repayment tenure upon availing of a loan from us.
Features and Benefits of a Loan Against Property in Chennai

End-Use Flexibility
A Loan Against Property provides the flexibility to utilise the loan amount for various purposes, such as housing needs, business expenses, or debt consolidation.

Competitive Interest Rate
Bajaj Housing Finance offers Loans Against Property to salaried, self-employed, and professional applicants at attractive interest rates.

Online Account Management
Access your loan account details and documents anytime anywhere with our Customer Portal.

Quick Disbursal
We provide quick disbursal within 72 hours* post document verification and approval.
Calculate Your Loan Against Property EMI
Repayment Schedule
Eligibility Criteria for a Loan Against Property in Chennai
Our minimal eligibility requirements make it easy for applicants to qualify for our Loan against Property. You can consider using our Loan Against Property Eligibility Calculator to estimate the loan amount you can qualify for. Here are some of the eligibility criteria that you will need to fulfil:
Age
Salaried, professional, and self-employed individuals can avail of a Loan Against Property with us. A salaried employee must be between 23 and 60 years** of age, and a self-employed applicant must be between 23 and 70 years** of age.
**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.
Nationality
The applicant must be an Indian resident.
Employment Status
A salaried individual must be employed at either an MNC or a public or private company for at least 3 years. A self-employed individual must be able to prove a regular source of income from their business with a vintage of 3 years or more.
Credit Rating
Applying for a loan against property with a CIBIL score of 750 or higher is ideal for approval.
Documents Required for a Loan Against Property in Chennai
Our minimal documentation requirement ensures quick loan approval. Here is a list of documents that you will need to submit based on your employment type:
Salaried Applicant:
- Identification proof, such as Aadhaar Card, PAN Card or Form 60 (mandatory), or Passport
- Proof of employment, such as a company identification card or an employment certificate
- Income documentation, such as recent salary slips
- Banking statements for the past 6 months
- Income Tax Returns
- Documents pertaining to the property that you wish to mortgage, such as a Title Deed
Self Employed Applicant:
- Identification proof, such as Aadhaar Card, PAN Card or Form 60 (mandatory), or Passport
- Proof of business, such as P&L Statements and Balance Sheets
- Banking statements for the past 6 months
- Income Tax Returns
- Profit and loss statements and company balance sheet
- Documents related to the property you wish to mortgage, such as a Title Deed
Note: This list is indicative. Additional documents may be requested at the time of loan processing.
Steps to Apply for a Loan Against Property in Chennai Online
Applying for a Loan Against Property with us is a simple and quick process. Here's how you can apply:
- Visit the Bajaj Housing Finance website.
- Fill in the application form with the required details such as your name, contact number, employment type, type of loan, monthly income, PIN code, and the required loan amount.
- Generate the OTP and enter it.
- Enter the financial and property-related details.
- Submit the application form.
Our representative will contact you within 24 hours* to discuss the next steps of your loan application, such as verification and documentation.
*Terms and conditions apply.
You can avail of a Loan against Property in Chennai and repay it over a flexible tenure of 17 years.
Our eligibility criteria for a Loan Against Property in Chennai is simple:
For Salaried Applicants
- Must be an Indian resident aged between 23 and 60 years**
- Should be employed with an MNC, public sector, or private company with a minimum work experience of 3 years
- The mortgaged property should be located in one of the cities where we operate
For Self-Employed Applicants
- Must be an Indian resident aged between 23 and 70 years**
- Should have a steady income from an established business with a minimum vintage of 3 years
- The mortgaged property should be located in one of the cities where we operate
**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.