Loan Against Property in Jamnagar_Banner_WC
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.
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.
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.
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.
Loan Against Property in Jamnagar: Eligibility Criteria_WC
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.
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|| || |
|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.
How to Apply_Jamnagar_WC
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.
Loan Against Property in Jamnagar_RA_WC