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Overview

Jamnagar is one of the flourishing cities in the state of Gujarat. 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 Limited provides Loan Against Property at competitive interest rates. Read on to know all the details – features and benefits, eligibility criteria, documents required and so on, before applying for a property loan in the city of Jamnagar.

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Features and Benefits

Here is a look at the top features and benefits of a Bajaj Housing Finance Loan Against Property in Jamnagar.

Competitive Interest Rates

Property loans offered by Bajaj Housing Finance Limited come at competitive rates starting at just 10.10%* p.a. for salaried and professional individuals depending on the borrower’s eligibility.

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 Tenor Up to 18 Years

The Loan Against Property can be availed of for a longer, flexible tenor of up to 18 years. Such an extended period can be enough to repay the loan amount comfortably.

Zero End-Use Restrictions

There are no restrictions on the usage of a property loan. This means the loan amount can be used to meet any financial purpose – to meet business expenses, pay for a wedding or a vacation, fund higher education, clear hospital bills, and so on.

Zero Foreclosure Charges and Part Prepayments

Individual borrowers opting for a floating rate of interest need not pay any additional charges for loan foreclosure or part prepayments.

Faster Disbursal

Disbursal of a property loan does not need over 72 hours* with Bajaj Housing Finance Limited. Once the process is in place, applicants can enjoy the loan amount directly in their accounts in less than 3 working days after submitting all the required documents.

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Interest Rate

Salaried individuals can opt for a Loan Against Property at an interest rate of 10.10%* p.a. plus additional nominal charges. For more details, borrowers can refer to the Loan Against Property interest rate calculator on the website.

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Loan Against Property in Jamnagar: Eligibility Criteria

Those interested in applying for a Loan Against Property should know the basic eligibility criteria for both salaried and self-employed individuals.

​Eligibility Criteria Salaried Individuals Self-employed Individuals
​​​Age 28 years to 60** years 25 years to 70** years
​Employment Status Must have at least ​​3 years of experience working in a public or private sector, or an MNC Must be able to present a steady source of income from an enterprise with a vintage of ​​​5 years or more
​​​Residential City and Property Ownership Ahmedabad, Bangalore, Delhi, Mumbai, Pune, among others Ahmedabad, Bangalore, Delhi, Mumbai, Pune, among others

Potential borrowers can check the property loan eligibility criteria using a mortgage loan eligibility calculator before sending out applications.

**Please note that the maximum age is the age considered at the time of loan maturity.

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Documents Required

Bajaj Housing Finance Limited is known for its minimal paperwork and faster disbursal. Tabulated below are the essential mortgage loan documents.

​​Documents Required Salaried Individuals Self-employed Individuals
​​​ID Proof and Address Aadhaar card, PAN card, Passport, Voter’s ID, Driving License, Utility Bills, or any valid ID proof/address issued by the Government of India Aadhaar card, PAN card, Passport, Voter’s ID, Driving License, Utility Bills, or any valid ID proof/address issued by the Government of India
​Proof of Employment ID card issued by the employer Documents pertaining to Business Ownership, for example, Registration Certificate and Partnership Agreement
Income Proof
  • Recent salary slips
  • Last 3 months’ bank statement
  • Income Tax Returns
  • Form No. 60
  • Last 6 months’ primary bank account statement
  • Financial Documents, such as Balance Sheets, Profit & Loss Statement
  • Income Tax Returns
​​​Property Documents Title documents needed by the Legal team Copy of the mortgaged property Title documents needed by the Legal team Copy of the mortgaged property

Please note that additional documents may be required at the time of loan processing. These requirements will be communicated to you by our team.

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How to Apply

Bajaj’s property loan application process is simple and straightforward. Individuals willing to apply must follow these steps:

  • ​Visit the lender’s portal
  • Go to the ‘Bajaj Loan Against Property Application Form’ section
  • Enter personal details – Name, Mobile Number, PIN code, Type of Loan, Loan amount, and a few others.
  • Submit the application form
  • Wait a day for the representative to call and guide you through document verification

Expect the lender to approve and sanction the Loan Against Property at the earliest. If all goes well, you can find the money in your account in less than 72 hours* . With all the relevant information prepare to apply for it online with Bajaj Housing Finance Limited.

*Terms and conditions apply.

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