Loan Against Property in Raipur_Banner_WC

Banner-Dynamic-Scroll-CockpitMenu_LAP

Loan Against Property in Raipur Overview_WC

Loan Against Property in Raipur: Overview

Raipur, the capital of Chhattisgarh, is a major commercial hub for trade and commerce in Central India. It is ranked as the 6th cleanest city in India and 7th in terms of ‘ease of living’ according to a report. The city is abundantly rich in mineral resources and is among the biggest producers of Steel and Iron in the country. This has led to people investing in the real estate sector here. So, if you have a property in Raipur and need money for business or housing use, you can leverage your property to arrange for money through a Loan Against Property.

A Property Loan is a secured loan where money is borrowed by mortgaging a residential or commercial property. Loans Against Property are cheap in terms of interest rate and the money comes with flexible end-use. The funds can be used to refurbish your home or expand your business. If you are looking to avail of a Loan Against Property in Raipur, choose Bajaj Housing Finance and benefit from competitive interest rates and longer tenor.

Loan Against Property in Raipur Features and Benefit_WC

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

We offer Property Loans with easy eligibility criteria. Most applicants can easily meet our property loan eligibility and achieve quick loan approval.

Easy Documentation and Quick Approval

A Loan Against Property in Raipur requires minimal paperwork. We are known for our hassle-free documentation process, which also ensures quick approval.

Quick Disbursal

A Loan Against Property allows borrowers to have quick access to funds, which is a big advantage especially during a financial crisis. With us, a borrower can expect loan disbursal within 72 hours* of document submission and verification.

Flexible Loan Tenor

A flexible loan repayment tenor stretching up to 17 years ensures affordability in the long run.

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 in the long run.

Loan Against Property in Raipur: Eligibility Criteria_WC

Loan Against Property in Raipur: Eligibility Criteria

The following eligibility criteria must be fulfilled by applicants wanting a Property Loan from Bajaj Housing Finance.

Self-Employed Applicants

  • 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

  • Must be a citizen of India
  • The borrower must be aged between 28 and 60 years**
  • Minimum 3 years of work experience in a reputed company is mandatory
  • 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 Require_WC

Loan Against Property in Raipur: Documents Required

Here are the documents you must keep handy with you 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
  • Borrower’s Aadhar Card or Voter ID Card
  • Profit & Loss Statement for the last couple of years
  • Income Tax Return Certificate of the borrower
  • Original Property Documents of the property used as collateral

Salaried Applicants:

  • Mandatory documents such as PAN card or Form 60
  • Voter’s ID Card, Aadhar Card of the salaried applicant
  • Latest salary slips
  • Original Property Documents of the property used as 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_WC

Loan Against Property in Raipur: How to Apply

Availing of a Property Loan from Bajaj Housing Finance is easy and does not require any special skill. Just follow these steps:

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.

Loan Against Property in Raipur_RA_WC

Loan Against Property in Raipur_PAC_WC

People Also Consider

KNOW MORE

KNOW MORE

KNOW MORE

KNOW MORE

Call_And_Missed_Call