Loan Against Property in Kanpur: Overview
The leather capital of India, once known as Manchester of the East, Kanpur today is one of the major financial and industrial centres of North India. It is famous world-over for its chemical, textile, and leather industries. The booming business sector in the city has led to people investing in Kanpur’s real estate for years now. If you own a property in Kanpur – residential or commercial – you can avail of a loan against this property and use the funds to meet any business or personal requirements.
A Loan Against Property is a type of secured loan. These loans draw low-interest rates, come with a medium repayment tenor and zero end-use restrictions. These features have made loans against property in Kanpur quite popular. If you are looking to avail of a Loan Against Property, here’s why you must choose Bajaj Housing Finance.
Loan Against Property in Kanpur: Features and Benefits

Minimal Documentation Requirements
Bajaj Housing Finance asks for minimal documentation to process loans against property in Kanpur. This makes applying for a loan and getting approved quite simple and completely hassle-free.

Simple Eligibility
Simple and easy eligibility criteria for Property Loan from Bajaj Housing Finance is a major plus point when opting for a Property Loan. One can avail of quick loans with minimum eligibility.

High Loan Value
Whether it is for business expansion or for your child’s education, you can get a loan worth Rs.5 Crore* or more, basis eligibility, from Bajaj Housing Finance under the company’s LAP offering.

End-use Flexibility
Bajaj Housing Finance’s Property Loans come with zero end-use restriction. You can use the money to start a business, fund your child’s education, pay for your parent’s medical expenses, etc.

Reasonable Rate of Interest
Bajaj Housing Finance offers Property Loan interest rates starting as low as 10.10%*p.a. Low interest rates make EMIs affordable for borrowers and allow them to repay their loan without feeling the burden of EMIs.

Flexible Loan Tenor
At Bajaj Housing Finance, we give borrowers the option to repay their loan over a period stretching up to 17 years. This helps borrowers plan and repay their loans easily without disturbing their financial goals.

Option of Flexi-loan
Flexi-loan is an interesting option offered by Bajaj Housing Finance to its Property Loan borrowers. This facility allows borrowers to borrow multiple times from a pre-sanctioned loan amount and pay interest only on the borrowed amount. This facility allows borrowers to save greatly on the total interest paid.

Easy Balance Transfer Facility
By transferring your Property Loan to Bajaj Housing Finance, you not only enjoy the benefits of low-interest rates but also get the chance to avail of top-up loans of Rs.1 Crore* or more, basis eligibility.

Zero Foreclosure Charges
Property Loans availed from Bajaj Housing Finance on floating interest rates by individuals can be prepaid/foreclosed at any time at no extra cost.
Loan Against Property in Kanpur: Eligibility Criteria
Borrowers planning to avail of a property loan from Bajaj Housing Finance must fulfil the following criteria.
Self-Employed Applicants:
- The applicant must be an Indian resident,
- They must be between the age of 25 and 70* at the time of loan maturity
- They must be able to show at least 5 years of business vintage
- Their credit score should ideally be between 750 and 900
- The property against which the loan is being availed of should be in the name of the borrower
Salaried Applicants:
- Must be a resident of India
- The borrower’s age should be between 28 and 60* at the time of loan maturity
- The borrower must have at least 3 years of work experience in a reputed company
- Their credit score should ideally be between 750 and 900
- They must be the rightful owner of the property they wish to mortgage
Loan Against Property in Kanpur: Documents Required
To experience a hassle-free loan process in Kanpur, keep the below mentioned documents ready with you.
Self-Employed Applicants:
- Identity & Address proof like Aadhar Card, PAN Card, or Voter’s ID Card
- Balance sheet, Profit & Loss Statement for the last few years
- Form 16/Income Tax Return proof
- Original property documents
Salaried Applicants:
- Identity & Address proof of the borrower (Voter’s ID Card, Aadhar Card, PAN Card, and Form 60
- Last few pay slips of the borrower
- Original property documents
- Note that we may ask for more documents at the time of approval if need be.
Loan Against Property in Kanpur: How to Apply
Applying for a Property Loan from Bajaj Housing Finance in Kanpur is easy. You can visit any of our branches and our staff will help you complete the whole process smoothly.
If you want to make an application online, follow these steps:
- Go to Bajaj Housing Finance’s website; open the Loan Against Property page and click on the ‘apply now’ button
- During the next step, you will be required to provide few personal details like name, number, etc along with loan related details like type of loan and loan amount
- After this, you will be asked to generate an OTP which you will receive on your phone
- Submit the form and someone from our team will connect with you to explain the steps ahead
*Terms & conditions apply.