Loan Against Property in Mumbai: Overview
Mumbai, the financial center of India, houses some notable tourist destinations such as the Gateway of India, Elephanta Caves, and Marine Drive. Given its large volume of employment opportunities, individuals from across the country prefer settling in the city. It also contributes to the city's steep real estate costs.
The rising cost of living in Mumbai often leaves no scope for additional expenses. If you are looking for extra funds to finance big-ticket purchases, opt for a Loan Against Property in Mumbai by mortgaging your property. You can use the funds to address a variety of expenses such as weddings, higher education, and debt consolidation costs, amongst other bills.
Loan Against Property in Mumbai: Features and Benefits
Bajaj Housing Finance offers Loans Against Property to salaried, professional, and self-employed borrowers. Explore the unique features and benefits of a Loan Against Property:
Sizeable Value
Qualify and get a sizeable loan amount of Rs.5 Crore* or higher, basis eligibility. Meet all your big-ticket expenses with Bajaj Housing Finance Loan Against Property.
Convenient Tenor
Enjoy a flexible repayment tenor that goes up to 18 years. A long tenor helps in managing your monthly expenses easily.
Disbursal within 72 hours*
We process the loan amount quickly. Get the sanctioned loan amount within 72 hours* in your bank account, post-approval, and application verification.
Balance Transfer Facility
Opt for a Loan Against Property Balance Transfer facility with Bajaj Housing Finance and save on your interest payment. You can enjoy a substantial Top-up Loan facility.
Fast Processing
Submit all the requested documents and receive loan approval from us within 24 hours*.Keep all the necessary papers handy.
Manage Loan Online
Access our dedicated Bajaj Housing Finance customer portal and track your repayment status online anytime, anywhere.
Loan Against Property in Mumbai: Documents Required
We offer a Loan Against Property with minimal documentation. Submit the following to enjoy instant approval:
For Salaried Applicants
- Aadhaar Card/PAN Card
- Address proof
- Last 3 months’ salary slips
- ITR documents
- Bank account details of the last 3 months
- Documents of the property to be mortgaged
For Self-Employed Applicants
- Aadhaar Card/PAN Card
- Address proof
- Bank account details of the last 6 months
- Business vintage proof
- Documents of the property to be mortgaged
Note: This list is indicative. Additional documents may be needed during loan processing.
Loan Against Property in Mumbai: Eligibility Criteria
Check the eligibility for a mortgage loan to avail of maximum funds without hassle.
For Salaried
- Should be an Indian citizen residing in the country
- Age** should range from 28 to 58 years
- Must be employed at a public, private or multinational organisation
- The location of the property to be mortgaged should be in Mumbai
For Self-Employed
- Should be an Indian citizen residing in the country
- Age** should range from 25 to 70 years
- Must have a steady monthly income from the current business enterprise
- The location of the property to be mortgaged should be in Mumbai
** The maximum age is considered as age at the time of loan maturity.
Loan Against Property in Mumbai: How to Apply
Choose our Loan Against Property and get the money credited to the account within 72 hours* of approval. Following are the steps to avail of a Loan Against Property in Mumbai.
- Open the online application form
- Fill up details such as your employment profile, preferred loan type, additional income details and information about the property to be mortgaged
- Click on submit to complete the form
Following the submission of the form, a Bajaj Housing Finance representative will contact you to walk you through the remaining steps. You can expect the funds in your account in 72 hours* after your loan is approved and documents have been verified.
*Terms and conditions apply
