Loan Against Property in Visakhapatnam: Overview
Visakhapatnam is home to the oldest shipyard and Eastern Naval Command headquarters. This has led to a rise in the number of people who have invested in the real estate sector of the city. The good news is property owners in Vishakhapatnam can now leverage the value of their property and get a loan against it.
A property loan is a secured loan offered against a commercial or residential property used as collateral. If you are looking for urgent funding, a Loan Against Property can be a handy option for you.
Loan Against Property in Visakhapatnam: Features and Benefits
Attractive Interest Rates
Bajaj Housing Finance extends Loans Against Property to applicants meeting the loan eligibility criteria at attractive interest rates starting from 9.40%* p.a.
Easy Eligibility
The Loan Against Property eligibility criteria are simple and easy to meet. This ensures easy approval for all.
Fund Use Flexibility
The best thing about a LAP sanction is that one can use the money as they deem fit – they can use it for business purposes, educational expenses or even debt consolidation.
Faster Approval and Swift Loan Disbursal
If you satisfy all eligibility parameters, you can expect to see money in your account within 72 hours* of document submission and approval.
Loan Against Property in Visakhapatnam: Interest Rate
Bajaj Housing Finance offers competitive Interest rates on Loans Against Property, starting from 9.40%* p.a., basis eligibility. To know more about our fees and charges, you can visit our website.
Loan Against Property in Visakhapatnam: Eligibility Criteria
For a Loan Against Property from Bajaj Housing Finance, one only needs to meet our basic eligibility criteria to enjoy the benefits.
| Eligibility Requirements | For Salaried Applicants | For Self-Employed Applicants |
|---|---|---|
| Employment status | Must be employed with a public or a private sector company, or an MNC (minimum of 3 years of experience) | Must be able to showcase steady income from an enterprise with a vintage of 5 years or more |
| City of residence and property ownership | Delhi, Mumbai, Bengaluru, Ahmedabad, and Pune, among others. | Delhi, Mumbai, Bengaluru, Ahmedabad, and Pune, among others. |
Loan Against Property in Visakhapatnam: Documents Required
| Eligibility Requirements | For Salaried Applicants | For Self-Employed Applicants |
|---|---|---|
| Proof of identity and address | PAN card, Aadhaar card, Voter ID, Passport, Driving License, utility bills, or any other government-approved photo identity and/or address proof | Identity and address proof are the same for both self-employed and salaried applicants |
| Proof of employment | Identity card issued by the employer | Document of business ownership, such as partnership agreement, and registration certificate |
| Proof of income |
|
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| Property documents |
| Same as for salaried applicants |
The list is only indicative, and you may be asked to provide additional documents required for a Loan Against Property as and when needed.
Loan Against Property in Visakhapatnam: How to Apply
To apply for a loan against property in Visakhapatnam with Bajaj Housing Finance follow these steps:
- Visit the Bajaj Housing Finance website and navigate to the page that has the Loan Against Property application form.
- Fill in your personal details, such as name, date of birth, address, phone number, etc.
- Fill in your income details next. Your income details will help us create a customized loan against property plan for you.
- Click on the submit form button. Our team member will get in touch with you within the next 24 hours to explain the rest of the steps.
*Terms and conditions apply
