Loan Against Property in Nagpur_Banner_WC


Loan Against Property in Nagpur overview_WC


Nagpur, often known as the “Orange City”, is one of the major trade centres for Oranges in India. It is also called the Tiger Capital of India as many Tiger reserves are located here. In a report, Nagpur was identified as the best city in India, topping in habitability, greenery, public transport and health care indices in 2013. These factors along with others have made Nagpur a famous real estate investment destination. The good news is, if you have a property in Nagpur, you can use it to your best advantage by taking a loan against it. A Loan Against Property is a secured loan where the borrower pledges his residential or commercial property as collateral for funds. Interest rates on such loans are low and these loans come with zero end-use restrictions.

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Features and Benefits

Less Paperwork Required

While applying for a Loan Against Property from Bajaj Housing Finance, you are required to submit basic paperwork. This saves time and ensures quick approval and disbursal of loan.

Big Loan Amount

Bajaj Housing Finance allows you to avail of a loan amount of Rs.5 Crore* or higher as loan from Bajaj Housing Finance, basis eligibility. The property loan calculator can help you calculate the best loan amount for you.

Simple Eligibility

The eligibility criteria for a Bajaj Housing Finance Loan Against Property from Bajaj Housing Finance is simple and ensures quick approval. Use the Loan Against Property eligibility calculator to know the amount you qualify for.

End-use Flexibility

Funds availed of from Bajaj Housing Finance under its LAP offering come with zero end-use restrictions and the money can be used by the applicant as they please.

Minimum Interest Rates

Bajaj Housing Finance offers Loan Against Property at interest rates starting from as low as 10.10%* p.a. for salaried and professional applicants. This makes EMIs affordable and ensures that your interest outgo does not impact your finances.

Quick Loan Processing

Bajaj Housing Finance has a short loan processing time. Expect to see money in your account within 72 hours* of document submission and approval.

Longer Repayment Period

A property loan from Bajaj Housing Finance can be repaid over a period of 17 years. This gives the borrower a chance to repay the loan in easy instalments.

Flexi-loan Advantage

Bajaj Housing Finance allows borrowers to avail of loans multiple times from a pre-sanctioned amount and pay interest on the borrowed amount only.

Interest Rate, Fees and Charges_WC

Interest Rate, Fees and Charges

Bajaj Housing Finance offers competitive interest rates on loans against property at interest rates starting from 10.10%* p.a. for salaried and professional applicants.

Loan Against Property in Nagpur Eligibility Criteria_WC

Eligibility Criteria

Loan Against Property from Bajaj Housing Finance requires the following eligibility:

Self-Employed Applicants:

  • Must be an Indian resident aged between 25 and 70 years**
  • Minimum ​​5 years of business continuity to be shown
  • CIBIL score of 750 plus
  • The applicant must be the owner of the mortgaged property

Salaried Applicants

  • Must be an Indian resident aged between 28 and 60 years** at the time of loan maturity
  • Work experience of minimum​ 3 years in a reputed company
  • 750 plus CIBIL Score is a must
  • Applicant must be the rightful owner of the property they wish to mortgage

**Please note that the maximum age is the age of the applicant at the time of loan maturity.

Loan Against Property in Nagpur Documents Required_WC

Documents Required

Self-Employed People

  • Aadhar Card, PAN Card, or Voter’s ID Card of the applicant
  • P&L Statement
  • ITR Certificate
  • Original property documents

Salaried People

  • ​Aadhar Card, PAN Card and Form 60, or Voter’s ID Card
  • Last 3 months’ salary slip
  • Original property documents

Additional documents may be requested at the time of processing of the loan. Our team will inform you earlier about it if required.

Loan Against Property in Nagpur: How to Apply Online_WC

Loan Against Property in Nagpur: How to Apply 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

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