Loan Against Property in Faridabad_collapsiblebanner_WC


Loan Against Property in Faridabad: Overview_WC

Loan Against Property in Faridabad: Overview

Faridabad is a major satellite city located near Delhi. It is considered an upcoming real estate investment hotspot, due to the fact that Faridabad is one of the fastest-growing cities. Availing of a Loan Against Property can help you leverage the value of your property for your investments in Faridabad.

What are the Features of a Loan Against Property in Faridabad_WC

Features of a Loan Against Property in Faridabad

A Loan Against Property has numerous advantages that will assist you in meeting your financial obligations without depleting your savings. Here are some of the benefits of a Loan Against Property in Faridabad with Bajaj Housing Finance:

Sizeable Loan Amount

Bajaj Housing Finance can assist you in obtaining funding worth Rs.5 Crore*, or even higher, basis eligibility. Factors such as the valuation of your property, the borrower’s eligibility, etc. can help borrowers secure a sizeable amount.

Minimal Documentation

The process for applying for a Loan Against Property in Faridabad is simple and straightforward. You are required to submit a prescribed set of documents and doing so will help you get approved quickly without hassles.

Flexible Repayment Tenor

Bajaj Housing Finance understands that a Loan Against Property is a sizeable financial undertaking and the borrower will need time to repay the loan, which is why a flexible repayment tenor of up to 17 years is offered on a Loan Against Property. This allows the borrower to plan their finances accordingly and repay the loan in a comfortable manner.

No Hidden Cost

Your Loan Against Property application is processed in the most transparent manner possible, with no extra hidden costs. The easy-to-understand terms and conditions will help you stick to your repayment schedule with ease.

Balance Transfer Facility

You can even transfer your existing loan over to Bajaj Housing Finance using the Loan Against Property Balance Transfer facility. The low interest rates, flexible repayment options, and reduced EMIs will help you save a sizeable amount.

Speedy Disbursal

With Bajaj Housing Finance, you can rest assured that you will receive the funds almost immediately. The loan amount is disbursed within 72 hours* of submitting your documents and the verification process.

Customised Repayment

With our customised repayment options, you can plan your EMIs as per your finances and repay your loan in a manner feasible for you.

What Documents are Required for a Loan Against Property in Faridabad_WC

Documents Required for a Loan Against Property in Faridabad

One of the most attractive aspects of a Loan Against Property from Bajaj Housing Finance is its minimal documentation requirement. Such simple procedures make the entire experience hassle-free for the borrower. Here is a list of documents that you must submit when applying for a Loan Against Property:

  • Identification proof such as your Aadhaar Card, PAN Card, Passport, Voter ID
  • Mandatory documents such as PAN Card, Form 60
  • Address proof such as your property tax receipts, utility bills (gas, electricity, and water)
  • Income proof such as your most recent salary slips
  • Employment proof such as your company ID card (in case of a salaried employee)
  • Proof of business such as your business profile, partnership deed, memorandum of association (in case of a self-employed individual)
  • Income tax returns
  • Photocopy of the documents of the property you are looking to mortgage such as Title Deed, Sale Deed, and Registration Certificate

Note: This list is indicative, and you may be asked to provide additional documents required for a Loan Against Property as and when needed.

What is the Interest Rate for a Loan Against Property in Faridabad_WC

Interest Rate for a Loan Against Property in Faridabad

For salaried and professional applicants, the interest rate on a loan against property starts as low as 10.10%* p.a. When you opt for a floating interest rate, you have the option to either link it to an external benchmark, i.e., the Repo Rate, or our internal benchmark.

What are The Eligibility Criteria for a Loan Against Property in Faridabad_WC

Eligibility Criteria for a Loan Against Property in Faridabad

  • The applicant must be a resident of India.
  • The applicant must have a work experience of up to 3 years (as a salaried individual) or a vintage of 5 years in the existing business (as a self-employed individual).
  • The age criterion for a salaried employee states that they should be between 28 to 60 years** old and a self-employed applicant should be between 25 to 70 years** old.
  • A CIBIL score of 750 or above is ideal for approval.

**The maximum age 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.

*Terms and conditions apply.

Loan Against Property in Faridabad_RA_WC

Loan Against Property in Faridabad_PAC_WC

People Also Consider