Loan Against Property in Raipur: Overview
Raipur, the capital of Chhattisgarh, is a major commercial hub for trade and commerce in Central India. The city is rich in mineral resources and is among the biggest producers of steel and iron in the country. With recent infrastructural developments in Raipur, real estate investments have increased.
If you have a residential or commercial property in Raipur and need funds for business or housing expenditures, you can leverage your property to avail of a loan against it. We offer Loans Against Property at competitive interest rates and flexible tenors.
Loan Against Property in Raipur: Features and Benefit
Competitive Interest Rates
Bajaj Housing Finance offers property loans at interest rates as low as 9.75%* p.a. for self-employed borrowers.
Basic Eligibility Requirements
Our easy-to-meet property loan eligibility criteria ensures easy and quick loan approval.
Easy Documentation and Quick Approval
To process your Loan Against Property, we require minimal paperwork, which ensures quick disbursal of the loan amount.
Quick Disbursal
A Loan Against Property allows borrowers to have quick access to funds when they need them for urgent expenses. With us, a borrower can expect loan disbursal within 72 hours* of document submission and verification.
Flexible Loan Tenor
A flexible tenor stretching up to 17 years ensures manageable EMIs and comfortable repayment.
Availability of Flexi-loan Facility
We allow eligible borrowers to avail of funds as many times as they want from a pre-sanctioned loan amount and pay interest only on the borrowed amount. This helps them reduce their total interest outgo.
Loan Against Property in Raipur: Eligibility Criteria
Applicants opting for a property loan from Bajaj Housing Finance should try and meet the following criteria to stand a better chance of loan approval:
Self-Employed Applicants
- The borrower must be an Indian citizen.
- The borrower must be aged between 25 and 70 years**.
- The borrower must be able to show at least 5 years of business continuity.
- Their CIBIL score must be over 750.
- The mortgaged property against which the loan is being availed of should be owned by the borrower.
Salaried Applicants
- The borrower must be a citizen of India.
- The borrower must be aged between 28 and 60 years**.
- The borrower must have a minimum of 3 years of work experience in a reputed company.
- The applicant must have a CIBIL Score of 750 plus.
- The applicant 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.
Loan Against Property in Raipur: Documents Required
Here are the documents you must keep handy if you wish to avail of a Loan Against Property from Bajaj Housing Finance:
Self-Employed Applicants:
- Mandatory documents such as PAN Card or Form 60
- KYC documents such as Aadhaar Card or Voter ID Card
- Profit & Loss Statement for the last couple of years
- Income Tax Return Certificate
- Original property documents of the property used as a collateral
Salaried Applicants:
- Mandatory documents such as PAN Card or Form 60
- KYC documents such as Aadhaar Card or Voter ID Card
- Latest salary slips
- Original property documents of the property used as a collateral
Please note that this is not an exhaustive list and our team members may require additional documents for loan processing. These requirements, if any, will be communicated to you by our team.
Loan Against Property in Raipur: How to Apply
Availing of a property loan from Bajaj Housing Finance is easy. Follow these steps to apply online:
- Navigate to our Loan Against Property application form.
- Fill in a few basic details such as your name, phone number, employment type, PIN code, and the required loan amount.
- Click on 'Generate OTP'.
- Fill in the required details related to your property and finances.
- Click on 'Submit'.
Once you submit the form, a Bajaj Housing Finance representative will connect with you and explain the rest of the process. Alternatively, you can also make an application in person by visiting one of our branches.
*Terms & conditions apply.
