Loan Against Property in Gurgaon: Overview
Gurgaon is a part of the National Capital Region and a satellite city near New Delhi. The city is a major banking and financial hub, housing numerous national and multinational IT and software companies – attracting job seekers from all over India. Also called India’s ‘Millenium City’, Gurugram is the country’s 2nd largest IT hub and 3rd largest banking hub. Furthermore, the city’s posh neighbourhoods, reputable education institutions, massive shopping malls and well-developed infrastructure make it a real estate hotspot.
Bajaj Housing Finance extends Loans Against Property at competitive interest rates to the residents of Gurgaon to address their financial needs. Take this chance to raise the funds you need by mortgaging your property and benefit from our attractive lending terms.
Loan Against Property in Gurgaon: Features and Benefits
If you are in the market for a Loan Against Property, here’s what you stand to get when you borrow from Bajaj Housing Finance:
Loan Sanction of Your Choice
The size of the loan sanction is no bar if you meet all the eligibility parameters that we request. Get Rs.5 Crore* or higher based on your eligibility to address any big expense you have in the pipeline.
Easy Refinancing Options
If you require more funding and a more competitive interest rate on your existing Loan Against Property, you can transfer your existing loan balance to us and avail of an additional top-up loan with minimal paperwork.
Minimal Eligibility
All you have to do is meet our simple Loan Against Property eligibility criteria to qualify for a Loan Against Property with exceptional benefits.
Flexibility in Repayment
Select a repayment tenor ranging up to 17 years and repay your loan at your own pace. With Bajaj Housing Finance, the cost of borrowing is economical and manageable.
Swift Approval and Disbursal
We can approve your Loan Against Property application within 24 hours* once the application and property verification are completed to our satisfaction. After the approval, the amount is disbursed into your account in just 72 hours* .
Loan Against Property in Gurgaon: Documentation Needs
Following are some mandatory documents*** required when applying for a Loan Against Property:
| Document Type | For Salaried Individuals | For Self-Employed Individuals |
|---|---|---|
| KYC Documents | Aadhaar and Voter ID, Driver’s License or Passport | Aadhaar and Voter ID, Driver’s License or Passport |
| Mandatory Documents | Pan Card/Form 60 | Same as salaried applicants |
| Income proof | Latest salary slips, bank account statement for the last 3 months, Income Tax Returns | Primary bank account statements for the last 6 months, Income Tax Returns, latest financial statements such as Balance Sheet and Profit and Loss Statement |
| Employment proof | Identity card issued by the employer | Document of business ownership, such as partnership agreements, and registration certificate, amongst others |
| Property documents | Title documents and property tax statements | Title documents and property tax statements |
***Additional documents may be requested at the time of loan processing.
Loan Against Property in Gurgaon: Eligibility Criteria
If you are in the process of applying for a Loan Against Property from Bajaj Housing Finance, here are the eligibility parameters you will need to meet:
| Particulars | Salaried | Self-Employed Salaried |
|---|---|---|
| Citizenship | Only Indian citizens residing in India who live and own properties in one of the locations we operate in | Only Indian citizens residing in India who live and own properties in one of the locations we operate in |
| Age | Between 28 and 60 years** | Between 25 and 70 years** |
| Employment History | Should be employed in a private or public sector organization, or an MNC for at least 3 years | Should have a regular income source with a vintage of 5 years at their existing business |
**The upper age limit is considered as the age at the time of loan maturity. For applicants, the upper age limit may be changed, based on their property profile.
Loan Against Property in Gurgaon: Steps to Complete the Application Process
When you’re ready to apply for a Loan Against Property after checking and verifying your eligibility criteria, here are the steps to follow:
- Visit the online application form and fill in your personal, employment, and contact details.
- Fill in the location of your property, along with your annual turn-over details.
- Post form submission, our representative will connect with you to help you complete the rest of the process, which includes documentation and property verification.
- You will receive disbursal of your loan within 72 hours* of approval.
*Terms and conditions apply
