Loans help us address difficult financial needs that can surprise us when we least expect it. It could fund a wedding, pay off heavy medical bills or address any last minute, big ticket expenses. A Loan Against Property allows you to access a sizeable loan amount so that you can cover such expenses without putting any restrictions on how you choose to spend it.
Before taking one, you should consider the mortgage loan tenor. If you take a Loan Against Property, your major concern besides the EMIs and the Loan Against Property interest rate should be the maximum tenor being offered.
Your lender expects you to repay the loan within the agreed period. Failure to repay the loan amount within the tenor results in the forfeiture of your property. In this article, you’ll learn about the Loan Against Property repayment tenor offered by Bajaj Housing Finance and what it means for your loan.
You must satisfy the eligibility requirements to qualify for the maximum tenor, which is 17 years, under Loans Against Property offered by Bajaj Housing Finance. Certain factors also play a major role in determining the tenor that you get. Knowing these factors enables you to know the exact tenor that lenders are likely to approve for you.
Read Also: How to Prepay a Loan Against Property
Below is a list of factors that we consider before deciding the tenor for a Loan Against Property:
- Your age
- Your credit profile
- Your income and obligations
You can now utilise your property to avail of a sizeable amount from Bajaj Housing Finance, with zero hassles. We are a customer-friendly housing finance company offering attractive loan deals designed to give you the most competitive loan terms based on your eligibility.
Some of the benefits you’ll enjoy from our Loan Against Property include tax benefits (where applicable), reduced interest rates, quick processing, and much more.
Read Also: Loan Against Property Eligibility
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