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Loan Against Property in Kolkata: Overview_WC

Loan Against Property in Kolkata: Overview

A Loan Against Property is a secured loan through which the borrower can secure sizeable funding by pledging their existing residential or commercial property as collateral. The funds you receive can be used to cover a variety of expenses, including business costs, the cost of debt consolidation, or housing-related needs.

Residents of Kolkata can also avail of a Loan Against Property from Bajaj Housing Finance to meet their financial commitments without delays or hassles.

An applicant can avail a plethora of benefits when applying for a loan against property with Bajaj Housing Finance.

Loan Against Property in Kolkata: Features and Benefits_WC

Loan Against Property in Kolkata: Features and Benefits

Competitive Interest Rates

Salaried and professional individuals can apply without hesitation for a Loan Against Property and benefit from interest rates as low as 10.10%* p.a.

Higher Loan Sanction Amount

Bajaj Housing Finance offers you a sizeable sanction of Rs.5 Crore* higher, depending on your property type and eligibility criteria.

End-Use Flexibility

The funds that you receive come with end-use flexibility, allowing you to put the funds to use for housing expenses, business needs, or debt consolidation. .

Flexible Tenor

Another advantage of borrowing a Loan Against Property is that you can enjoy lengthy repayment tenors of up to 17 years and repay the amount at your pace.

Speedy Approval

A Loan Against Property is the best way to get out of a financial bind. Apply now and you could have the funds in your account within 72 hours* of submitting your documents and passing the verification checks.

Loan Against Property in Kolkata: Eligibility Parameters_WC

Loan Against Property in Kolkata: Eligibility Parameters

Applicants are expected to meet the basic eligibility criteria in order to enjoy the most competitive terms on their Loan Against Property. To help optimise your application, consider using the Loan Against Property Eligibility Calculator:

Eligibility Criteria for salaried Employees:

  • Applicant should be an Indian resident.
  • Applicant should be working at an MNC, or a public or private sector company.
  • Applicant should be between 28 to 60 years** of age.
  • Applicant’s property must be located in any of the cities we operate in.
  • Applicant must have a minimum CIBIL score of 750.

Eligibility Criteria for Self-Employed Individual:

  • Applicant should be an Indian resident.
  • Applicant should be able to establish business continuity for 5+ years.
  • Applicant should be between 25 to 70 years** of age.
  • Applicant’s property must be located in any of the cities we operate in.
  • Applicant must have a minimum CIBIL score of 750.

**The maximum age 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.

Bajaj Housing Finance requires

Bajaj Housing Finance requires minimal documents*** to process a Loan Against Property. The following table displays the documents required. We recommend keeping these documents ready so that the loan processing would be easy and streamlined.

Eligibility Requirements For Salaried Applicants For Self-Employed Applicants
Proof of identity and address PAN card, Aadhaar card, Voter ID, Passport, Driving License, utility bills, or any other government-approved photo identity and/or address proof Identity and address proof are the same for both self-employed and salaried applicants
Proof of employment Identity card issued by the employer Document of business ownership, such as partnership agreement, and registration certificate
Proof of income
  • Latest salary slips
  • Bank account statement for the last 3 months
  • Mandatory documents such as PAN card or Form 60
  • Income Tax Returns
  • Primary bank account statements for the last 6 months
  • Mandatory documents such as PAN card or Form 60
  • Income Tax Return
  • Financial documents such as Balance Sheet and Profit and Loss Statement
Property documents
  • Copy of documents of the property to be mortgaged
  • Title documents as required by the legal team
Same as for salaried applicants

***Additional documents may be required at the time of loan processing.

Loan Against Property in Kolkata: How to Apply_WC

Loan Against Property in Kolkata: How to Apply

Applying for a Loan Against Property is an easy and hassle-free task, and Bajaj Housing Finance has simplified it further to make it time effective. Here is how you can apply:

Step 1: Visit the Bajaj Housing Finance website.

Step 2: Navigate to the Loan Against Property section of the website.

Step 3: Select the ‘Apply Now’ tab.

Step 4: Fill in the following details:

  • Full name
  • Contact details
  • Employment Type (salaried or self-employed)
  • Monthly income
  • PIN Code
  • Required loan amount

Step 5: Submit the application form

After you have submitted the application form, a customer representative from Bajaj Housing Finance will contact you for additional documentation and processing.

*Terms and conditions apply.

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