Overview of a Loan Against Property in Nagpur
With its rapidly developing infrastructure, Nagpur is emerging as a thriving commercial hub, offering an opportunity to leverage your property for business expansion. If you are planning to avail of a Loan Against Property in Nagpur to meet your business or housing-related expenses, you can consider applying with Bajaj Housing Finance and benefit from a competitive interest rate and a flexible tenor.
Features and Benefits of a Loan Against Property in Nagpur
Less Paperwork Required
Applying for a Loan Against Property with Bajaj Housing Finance requires minimal documentation, ensuring quick verification, approval, and loan disbursal.
Sizeable Loan Amount
With us, you can avail of a loan amount of Rs.5 Crore* or higher, basis eligibility.
Simple Eligibility
The eligibility criteria for a Loan Against Property with Bajaj Housing Finance are simple, ensuring a quick and hassle-free approval process. You can use the Loan Against Property Eligibility Calculator to determine the loan amount you can qualify for.
End-Use Flexibility
Funds availed of from Bajaj Housing Finance Loan Against Property come with end-use flexibility. The sanctioned funds can be used to expand your business, renovate your home, or for debt consolidation.
Competitive Interest Rates
Bajaj Housing Finance offers Loans Against Property at interest rates starting from as low as 9.40%* p.a. for salaried and professional applicants, ensuring manageable EMIs and comfortable repayment.
Quick Loan Processing
Our minimal documentation requirement and simple loan application process ensure quick disbursal. Expect to see funds in your account within 72 hours* of document submission and approval.
Long Repayment Period
A property loan from Bajaj Housing Finance can be repaid over a period of 17 years. This allows borrowers to repay their loans comfortably.
Flexi-Loan Advantage
Our flexi loan facility allows borrowers to avail of loans multiple times from a pre-sanctioned amount and pay interest on the borrowed amount only.
Calculate Your Loan Against Property EMI
Repayment Schedule
Interest Rate and Fees for a Loan Against Property in Nagpur
Bajaj Housing Finance offers competitive interest rates on Loans Against Property starting from 9.40%* p.a. for self-employed applicants. To learn more about our interest rates, Click here .
Eligibility Criteria for a Loan Against Property in Nagpur
To apply for a Loan Against Property with Bajaj Housing Finance, you will have to meet the following eligibility criteria:
Self-Employed Applicants:
- Must be an Indian resident aged between 23 and 70 years**
- Minimum 3 years of business continuity to be shown
- Must be the owner of the mortgaged property
Salaried Applicants
- Must be an Indian resident aged between 23 and 60 years** at the time of loan maturity
- Work experience of minimum 3 years in a reputed company
- Must be the rightful owner of the property they wish to mortgage
**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.
Documents Required for a Loan Against Property in Nagpur
Self-Employed Applicants
- Aadhaar Card, PAN Card or Form 60 (mandatory), or Voter’s ID Card
- P&L Statement
- ITR Certificate
- Original property documents
Salaried Applicants
- Aadhaar Card, PAN Card and Form 60 (mandatory), or Voter’s ID Card
- Last 3 months’ salary slip
- Original property documents
Note: Additional documents may be requested at the time of processing of the loan. Our team will inform you earlier about it if required.
Steps to Apply for a Loan Against Property in Nagpur Online
To apply for a Loan Against Property in Nagpur with Bajaj Housing Finance follow these steps:
- Go to the Bajaj Housing Finance website and click on the Loan Against Property application form
- Fill in personal details, such as name, date of birth, address, phone number, and other loan-specific details.
- Click on the submit form button once you have received the OTP.
Our team member will contact you within the next 24 hours* to complete the process.
*Terms and conditions apply.
To apply for a Loan Against Property in Nagpur, you need to submit the following documents:
For Salaried Applicants:
- Aadhaar Card, PAN Card, or Form 60 (mandatory)
- Proof of address
- Salary slips from the last 3 months
- Income Tax Return (ITR) documents
- Bank statements for the past 3 months
- Property documents
For Self-Employed Applicants:
- Aadhaar Card, PAN Card, or Form 60 (mandatory)
- Proof of address
- Bank statements for the past 6 months
- Proof of business vintage
- Property documents
Note that this is an indicative list of documents.
Our easy-to-meet eligibility criteria ensure easy loan approval and disbursal. Here are the eligibility criteria you need to meet to apply for a Loan Against Property in Nagpur:
For Self-Employed Applicants:
- Should be an Indian resident and citizen aged between 23 and 70 years**
- Should have a minimum of 3 years of established business vintage
- Should own the property being mortgaged
For Salaried Applicants:
- Should be an Indian resident and citizen aged between 23 and 60 years**
- Should have at least 3 years of work experience in a reputable organisation
- Should be the rightful owner of the property intended for mortgage
**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.
We offer competitive interest rates on Loans Against Property to self-employed, salaried, and professional applicants. To learn more about our interest rates, click here.
