Loan Against Property in Noida: Overview
A prominent city in the NCR region and a satellite city near New Delhi, Noida has become a destination for young job seekers and students alike. Localities such as Sector 44, Sector 55 and 56, and Sector 15 boast a high liveability quotient, attracting many aspiring homebuyers to these parts of the city. Rising real estate demands in the city have increased property prices significantly.
The Bajaj Housing Finance Loan Against Property is a flexible funding solution, fit to aid your business or housing expenses. We offer loan sanction of Rs.5 Crore* or higher at a competitive interest rate, basis your eligibility.
Loan Against Property in Noida: Features and Benefits
Apart from its attractive price point, here are some other features of our Loan Against Property:
Simple Eligibility Criteria
Qualify for the Loan Against Property by meeting our easy eligibility parameters and submitting minimal documents.
Convenient Repayment Tenor
Repay your sizeable Loan Against Property over a tenor of up to 17 years as per your financial suitability.
Speedy Loan Processing
After you submit your Loan Against Property application successfully, the approval process is made easy and hassle-free with the assistance of our representative and doorstep document pick-up service.
Disbursal in 72 hours*
We disburse the loan amount into your account without any delays, within 72 hours* of loan approval and all the necessary verification processes.
Loan Against Property in Noida: Documents Required
Before making your Loan Against Property application, keep the documents you may need handy to minimise the time spent in the loan processing. Please bear in mind that the submission of PAN Card/Form 60 is mandatory for all applicants.
| Document Type | Salaried Applicants | Self-Employed Applicants |
|---|---|---|
| Employment Proof | Identity card issued by the employer | Valid document of current business ownership, such as partnership agreements and registration certificate. |
| Income Proof | • Latest salary slips and financial records for the last 3 months • Income Tax Returns | • Primary bank account statements for the last 6 months • ITR Records • Latest financial statements such as Balance Sheet and P&L Statements |
Note: This list is indicative. Additional documents may be needed during loan processing.
Loan Against Property in Noida: Eligibility Criteria
You can benefit from the easy-to-meet eligibility criteria for the Bajaj Housing Finance Loan Against Property. Here are the parameters you should meet:
| Eligibility Parameters | Salaried Applicants | Self-Employed Applicants |
|---|---|---|
| Nationality and Citizenship | Applicants must be residing Indian citizens with a property located in any of the cities we function in | Applicants must be residing Indian citizens with a property located in any of the cities we function in |
| Age | Applicants must be aged between 28 to 60 years** | Applicants must be aged between 25 to 70 years** |
| Employment History | Applicants to be employed in a private or public sector organisation or an MNC for at least 3 years | Applicants to have a regular income source with a vintage of 5 years at their existing business |
**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 Noida: Application Process
You have the option of obtaining a Bajaj Housing Finance Loan Against Property in Noida either by completing our online application form or by visiting one of our nearby branches in person. To apply online, follow the instructions provided below:
- Visit the Loan Against Property application form and fill in your personal, employment, and contact details.
- Select the loan type and enter the PIN code and required loan amount.
- Click on 'Generate OTP'.
- Enter the OTP.
- Select the location of your property, along with your annual turnover details, and submit the application form.
- After your application has been completed, our representative will connect with you to help you complete the rest of the process, which includes documentation and property verification.
Once your application has been verified and approved, you may expect your loan amount to be disbursed into your account within 72 hours* .
*Terms and conditions apply.
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