Overview of a Loan Against Property in Jamnagar
Jamnagar has emerged as one of Gujarat’s most flourishing cities. Over the years, the city’s agricultural and industrial sectors have turned into ever-expanding financial markets. To provide financial support for residents looking to expand in Jamnagar, Bajaj Housing Finance provides Loans Against Property at competitive interest rates.
Features and Benefits of a Loan Against Property in Jamnagar
Here is a look at the top features and benefits of a Bajaj Housing Finance Loan Against Property:
Competitive Interest Rates
Property loans offered by Bajaj Housing Finance come at competitive interest rates, starting at 9.40%* p.a. for salaried applicants meeting our simple eligibility criteria.
Higher Loan Amount
The loan amount offered based on the borrower’s eligibility can be as high as Rs.5 Crore* or more. This also depends on the borrower’s profile and the type of property being mortgaged.
Flexible Tenure of up to 17 Years
Our Loan Against Property can be availed of for a longer, flexible tenure of up to 17 years. Such an extended period can help you repay the loan amount comfortably.
End-Use Flexibility
Borrowers can use the loan amount to address a variety of expenses, such as the cost of business expansion, home expansion, or debt consolidation.
Calculate Your Loan Against Property EMI
Repayment Schedule
Loan Against Property in Jamnagar: Interest Rates, Fees, and Charges
Salaried individuals can opt for a Loan Against Property at an interest rate of 9.40%* p.a. while incurring nominal charges. For more details about the fees and charges, click here.
Eligibility Criteria for a Loan Against Property in Jamnagar
Availing of Loans Against Property is easier with our easy-to-meet eligibility criteria. Here are some of the parameters included in our criteria:
| Eligibility Parameters | Salaried Applicants | Self-employed Applicants |
|---|---|---|
| Employment | Minimum 3 years of work experience in a public or private sector company or an MNC | Minimum 3 years of vintage in the current enterprise |
| Age | 23 to 60 years** | 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.
Documents Required for Loan Against Property in Jamnagar
We require only a few documents to process your Loan Against Property:
| Documents Required | Salaried Individuals | Self-employed Individuals |
|---|---|---|
| ID Proof and Address | Aadhaar Card, Passport, Voter’s ID, Driving License, Utility Bills, or any valid ID proof | Aadhaar Card, Passport, Voter’s ID, Driving License, Utility Bills, or any valid ID proof |
| Mandatory Documents | PAN Card or Form 60 | PAN Card or Form 60 |
| Proof of Employment | ID card issued by the employer | Documents pertaining to business ownership, for example, Registration Certificate and Partnership Agreement |
| Income Proof |
|
|
| Property Documents | Copy of documents of the property to be mortgaged | Copy of documents of the property to be mortgaged |
Note: Our representatives may request additional documents at the time of loan processing. These requirements will be communicated to you by our team.
Steps to Apply for a Loan Against Property in Jamnagar Online
Follow the simple steps given below to apply for a Loan Against Property with us:
Step 1: Go to our application form, and fill in the following details:
- Name
- Contact number
- Employment type (salaried, self-employed, or self-employed doctors/CAs)
- Type of loan
- Net monthly income or salary
- PIN code
- Required loan amount
Step 3: Generate OTP and enter it.
Step 4: Provide financial and property details.
Step 5: Submit the application form.
Once you submit the application form, our representative will connect with you for the next steps.
*Terms and conditions apply.
If you are looking to leverage your property, Bajaj Housing Finance offers quick disbursal within 72 hours* after the documents are verified.
The documents required to apply for a Loan Against Property in Jamnagar are:
For Salaried Applicants
- Aadhaar Card, Voter ID, PAN Card, or Form 60 (mandatory)
- Proof of address
- 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
- Bank statements for the last 6 months
- Proof of business vintage
- Property documents for the mortgage
Note: This is a tentative list. Additional documents may be requested by our representative.
