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 have no end use restrictions and can be used to cover a variety expenses, including business costs, the cost of debt consolidation, etc.
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
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.
Zero End-Use Restrictions
The funds that you receive come with zero end-use restrictions, allowing you to put the funds to use in any way you please.
Flexible Tenor
Another advantage of borrowing a Loan Against Property is that you can enjoy lengthy repayment tenors of up to 18 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
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 years to 58 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 years 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.
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.
