Loan Against Property in Nasik: Overview
Situated in the state of Maharashtra, on the banks of river Godavari, Nasik is one of the fastest-growing cities in India. It has been a major industrial centre known for its automobile, engineering and manufacturing industries. It is, therefore, not very surprising that young individuals in Nasik often find themselves gravitating towards self-employment opportunities. However, starting a new business requires funds. The good news is if you have a property in Nasik, you can leverage the value of the property to arrange some funds for you.
A Loan Against Property from Bajaj Housing Finance Limited is one of the best options for the people of Nasik to arrange funds to meet big-ticket expenses like home renovation or business expansion.
Loan Against Property in Nasik: Features
Sizeable Loan Amount
Whether it is for business expansion or your child’s education, get a property Mortgage Loan of Rs.5 Crore* or more from Bajaj Housing Finance.
End-Use Flexibility
Bajaj Housing Finance offers property loans with flexibility on fund use. You can use the money to start a business, renovate your home or even for debt consolidation.
Low Interest Rates
Low property loan interest rates of 10.10%* makes Bajaj Housing Finance the right option for availing of loans during a financial crisis. Lower interest rates make EMIs affordable for borrowers and do not impact their financial standing.
Extended Loan Tenor
Since a property loan is a long-term commitment, Bajaj Housing Finance provides borrowers with a long loan repayment tenor stretching up to 17 years. This gives borrowers ample time to plan and repay their loans easily.
Balance Transfer & Additional Credit
By opting for a Loan Against Property Balance Transfer, you not only enjoy the benefits of low-interest rates but also get the chance to avail of a sizable Top-up Loan.
Loan Against Property in Nasik: Eligibility Criteria
To apply for a Loan Against Property in Nasik, the following eligibility criteria need to be matched:
For Salaried:
- Should be an Indian citizen residing in the country
- Age should range from 28 to 60 years**
- Must be employed at a public, private, or multinational organisation
- The location of the property to be mortgaged should be in Nasik
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 Nasik
A Property Loan eligibility calculator can help potential borrowers check their property loan eligibility criteria before applying for the loan.
**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.
Loan Against Property in Nasik: Documents Required
For Salaried Applicants
- Aadhaar Card
- PAN Card or Form 60 (mandatory)
- 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 or Form 60 (mandatory)
- Address proof
- Bank account details of the last 6 months
- Business vintage proof
- Documents of the property to be mortgaged
Please note that additional documents may sometimes be required for loan processing. Such requirements will be communicated to you by our team.
Loan Against Property in Nasik: Interest Rate, Fees, and Charges
Bajaj Housing Finance’s property loan interest rate typically starts at a reasonable 10.10%*, depending on the applicant’s eligibility factors. Borrowers are usually required to pay a processing fee of up to 4%. However, no other hidden charges for part prepayments or foreclosure are applicable for floating-interest loans availed of by individuals
Loan Against Property in Nasik: Steps to Apply
Follow the given steps to apply for a Property Loan in Nasik with Bajaj Housing Finance:
- On the Loan against Property page, find and click on the ‘Apply Now’ button
- Fill out all the fields
- Generate OTP and submit
Our representatives will verify the documents and evaluate the concerned property. On receipt of final approval, the money will be disbursed in 72 hours*
Bajaj Housing Finance’s online application process is simple and straightforward. If you are not comfortable applying online, walk into one of our branches and make an application in person.
*Terms and conditions apply.
