Loan Against Property in Jamnagar: Overview
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.
Loan Against Property in Jamnagar: Features and Benefits
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 Tenor of up to 17 Years
Our Loan Against Property can be availed of for a longer, flexible tenor 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.
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.
Loan Against Property in Jamnagar: Eligibility Criteria
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.
Loan Against Property in Jamnagar: Required Documents
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 |
|
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| 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.
*Terms and conditions apply.
