Overview of a Loan Against Property in Indore
Indore is the largest and most populous city in Madhya Pradesh. It is considered the state's education hub as it is home to the Indian Institute of Technology as well as the Indian Institute of Management.
Residents with urgent housing or business needs can avail of a Loan Against Property from Bajaj Housing Finance. Our Loan Against Property comes with attractive features and benefits, making it an ideal funding solution.
Features and Benefits of a Loan Against Property in Indore
Long Repayment Tenure
Enjoy a repayment period of up to 17 years, allowing manageable EMIs and stress-free repayment.
Flexible Fund Usage
Funds obtained through a Loan Against Property can be utilised for a variety of purposes, including housing needs, business expenses, or debt consolidation.
Quick Disbursement
The loan amount is disbursed to your account within 72 hours* of completing the documentation and verification.
Competitive Interest Rates
We offer Loans Against Property at attractive interest rates for both salaried and self-employed individuals, based on their eligibility.
Calculate Your Loan Against Property EMI
Repayment Schedule
Eligibility Criteria for a Loan Against Property in Indore
Bajaj Housing Finance has a simple Loan Against Property eligibility criteria that eases the loan application process, approval, and disbursal.
Salaried Individual:
- Applicant should be an Indian resident
- Applicant should have a work experience of at least 3 years
- Applicant should be aged between 23 to 60 years**
Self-Employed Individual:
- Applicant should be an Indian resident
- Applicant should establish business continuity for at least 3 years
- Applicant should be aged between 23 to 70 years**
**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.
Interest Rates and Charges for Loans Against Property in Hyderabad
Our interest rates for Loans Against Property start at 9.40%* p.a. for salaried applicants. When you apply for a Loan Against Property with Bajaj Housing Finance, you can expect higher loan sanction amounts, lower interest rates, and quick disbursement within 72 hours* of submitting your documents.
Floating Interest Rate for Salaried and Self-Employed Professional Applicants:
| Type of Loan | Rate of Interest |
|---|---|
| Loan Against Property | 9.40%* to 18.00%* |
| Loan Against Property Balance Transfer | 9.40%* to 18.00%* |
Floating Interest Rate for Self-Employed Applicants:
| Type of Loan | Rate of Interest |
|---|---|
| New Loan Against Property Application | 9.40%* to 18.00%* |
| Loan Against Property Balance Transfer | 9.40%* to 18.00%* |
To know more about our interest rates, click here.
Documents Required for a Loan Against Property in Indore
To apply for a Loan Against Property in Indore, you need to submit the following documents:
For Salaried Applicants
- Aadhaar Card or Voter ID
- PAN Card or Form 60 (mandatory)
- Proof of address such as Utility Bills
- Salary slips for the last 3 months
- Income Tax Return (ITR) documents
- Bank statements for the last 3 months
- Property documents for the mortgage
For Self-Employed Applicants
- Aadhaar Card, Voter ID, PAN Card, or Form 60 (mandatory)
- Proof of address such as Utility Bills
- Bank statements for the last 6 months
- Proof of business vintage
- Property documents for the mortgage
Note that this list is indicative.
Steps to Apply for a Loan Against Property in Indore Online
Step 1: Navigate to our Loan Against Property application form.
Step 2: Fill out the form by providing the following details:
- Full Name
- Mobile Number
- Employment type (salaried, self-employed, or self-employed doctors/CAs)
- Net Monthly Salary / Income
- PIN Code
- Required Loan Amount
Step 3:Generate OTP.
Step 4: Provide property-related and financial details.
Step 5: Submit the application form.
A representative from Bajaj Housing Finance will get in touch with you within 24 hours* for further processing, such as documentation and verification.
*Terms and conditions apply.
Yes, if you are looking for a Loan against Property in Indore, Bajaj Housing Finance offers flexible end-usage, quick disbursal, and sizeable loan amount.
To apply for a Loan Against Property in Indore, you need to submit the following documents:
For Salaried Applicants
- Aadhaar Card or Voter ID
- PAN Card or Form 60 (mandatory)
- Proof of address such as Utility Bills
- Salary slips for the last 3 months
- Income Tax Return (ITR) documents
- Bank statements for the last 3 months
- Property documents for the mortgage
For Self-Employed Applicants
- Aadhaar Card, Voter ID, PAN Card, or Form 60 (mandatory)
- Proof of address such as Utility Bills
- Bank statements for the last 6 months
- Proof of business vintage
- Property documents for the mortgage
Note that this list is indicative.
