Loan Against Property in Faridabad: Overview
Faridabad is a satellite city near Delhi. As a growing city, Faridabad is becoming an investment hotspot for real estate. Availing of a Loan Against Property from Bajaj Housing Finance can help you leverage the value of your property to meet various financial expenses related to housing or business.
Features of a Loan Against Property in Faridabad
A Loan Against Property with Bajaj Housing Finance comes with several benefits such as:
Sizeable Loan Amount
Bajaj Housing Finance offers funding worth Rs.5 Crore*, or even higher, basis eligibility.
Competitive Interest Rates
We offer Loans Against Property at attractive interest rates starting as low as 9.75%* for self-employed applicants, ensuring manageable EMIs.
Flexible Repayment Tenor
We offer a flexible repayment tenor of up to 17 years, which allows a borrower to repay the loan comfortably.
Balance Transfer Facility
Transfer your existing loan over to Bajaj Housing Finance using the Loan Against Property Balance Transfer facility and benefit from low interest rates, flexible repayment options, and reduced EMIs, among others.
Speedy Disbursal
With Bajaj Housing Finance, you can receive the funds within 72 hours* of submitting your documents and completing the verification process.
Documents Required for a Loan Against Property in Faridabad
Our simple documentation requirements make sure that you have a hassle-free application process. Here is a list of documents that you must submit when applying for a Loan Against Property:
- Identification proof such as your Aadhaar Card, Passport, and Voter ID
- Mandatory documents such as PAN Card or Form 60
- Address proof such as your property tax receipts and 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, and 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 is an indicative list of documents. Additional documents may be required at the time of loan processing.
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. To learn more about our interest rates, click here.
Eligibility Criteria for a Loan Against Property in Faridabad
Borrowers need to meet the following eligibility criteria based on their employment type:
- 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).
- A salaried applicant should be between 28 to 60 years** of age and a self-employed applicant should be between 25 to 70 years** of age.
- A CIBIL score of 750 or above is ideal for approval.
**The upper age limit is considered as the 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.
