Loan Against Property in Guntur: Overview
Guntur, the heartland of Andhra Pradesh, is situated on the eastern coastal plain of India, close to Bay of Bengal. Guntur city is known for its hot pepper, cotton, and tobacco exports and has the largest chili market yard in Asia. It is a part of the East Coast Economic Corridor – an important industrial corridor in the country and hosts many important state offices and agencies. With the economic and population growth in this region, the demand for funds for business and personal use has also been increasing in Guntur. A Loan Against Property in Guntur from Bajaj Housing Finance is an easy way to secure funds, especially if you need money urgently to finance a need for housing or business purposes. It can also be used for debt consolidation.
A Loan Against Property is a secured loan offered against a commercial or residential property. Loan Against Property interest rates are usually lower than other loans and therefore, demand for this financial tool has also been increasing.
Loan Against Property in Guntur: Features and Benefits
Attractive Interest Rates
Applicants meeting the loan eligibility criteria can avail of a Loan Against Property on low-interest loans with affordable EMI options from Bajaj Housing Finance.
Relaxed Eligibility Criteria
The property loan eligibility criteria for loans availed of from Bajaj Housing Finance are quite simple, which ensures quick approval.
Meet Fund Requirements
Bajaj Housing Finance allows flexibility in the usage of funds for business or housing purposes. You can use the money to fund big-ticket expenses such as home renovation, business expansion, or debt consolidation.
Hassle-free Documentation and Quick Approval
Availing of a Loan Against Property from Bajaj Housing Finance requires minimal paperwork with a simple and hassle-free documentation process. This ensures quick approval, which is important, especially if you are taking out a loan to take care of a financial emergency.
Swift Fund Disbursal
With Bajaj Housing Finance’s Loan Against Property, funds become available to applicants within a few days. You can expect disbursal within 72 hours* of document submission and verification.
Flexible Loan Tenor
Loan repayment tenor for property loans availed of from Bajaj Housing Finance can be extended over a period of 17 years. This ensures affordability in the long run.
Flexi-loan Facility
This facility from Bajaj Housing Finance allows borrowers to borrow as many times as they want from a pre-sanctioned amount and pay interest only on the borrowed amount.
Loan Against Property in Guntur: Eligibility Criteria
For a Loan Against Property from Bajaj Housing Finance, one must fulfil the following eligibility criteria.
Self-Employed Applicants:
- You must be an Indian resident aged between 25 and 70 years**
- Minimum 5 years of business continuity must be shown
- Your CIBIL score must preferably be 750 or higher
- You must be the rightful owner of the property you wish to pledge as collateral
Salaried Applicants
- You must be an Indian resident aged between 28 and 60 years**
- Must have 3 years of work experience in a reputed company
- Your CIBIL score must preferably be more than 750
**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.
Loan Against Property in Guntur: How to Apply
Applying for a Loan Against Property with Bajaj Housing Finance is simple and easy. Follow these steps to avail of a loan quickly.
- Visit the Bajaj Housing Finance website and open our Loan Against Property application form
- Provide all the personal details, such as name, date of birth, address, phone number, and others in their respective fields
- Generate the OTP, confirm it and submit the form.
Our team member will get in touch with you within the next 24 hours* to explain the next steps.
*Terms and conditions apply.
