Loan Against Property of up to Rs.1.5 Crore
A Loan Against Property can be a beneficial financial option to obtain a substantial amount to cover expenses for home renovation, business expansion, or debt consolidation. Availing of a Loan Against Property from Bajaj Housing Finance comes with an array of benefits such as substantial sanction, long-term repayment options, minimal documentation, and a simple loan application process.
Features of Loans Against Property
Competitive Interest Rate
Salaried, self-employed, and professional applicants can benefit from a low interest rate that will allow them to repay the loan comfortably.
Quick Disbursement
A Loan Against Property can help deal with unexpected business and housing expenses. With a loan from Bajaj Housing Finance, you can expect to receive the funds within 72 hours* of submitting your documentation.
Sizeable Sanction
Borrowers can benefit from the sizeable loan sanction amount depending on their eligibility, applicant profile, and the property being mortgaged.
Fund Big-Ticket Expenses
The funds you receive can be used to renovate your home, expand your business, or for debt consolidation.
Long Repayment Tenor
Bajaj Housing Finance provides a long repayment tenor that can last up to 17 years, allowing you to repay the loan comfortably.
Documents Required for a Loan Against Property
For a Loan Against Property with Bajaj Housing Finance, you only need to submit minimal documentation. It can be in your best interest to keep these documents handy before applying so that you can enjoy a hassle-free loan application process and get approved quickly. The documentation required varies depending on the type of employment.
Documents required of Salaried Applicants
- Mandatory documents such as PAN Card or Form 60
- Proof of Identify such as PAN Card, Aadhaar Card, Passport, Driving License, and Voter ID Card
- Address proof such as Property Tax Receipts, Utility Bills, and Ration Card
- Employment proof such as Company identity card
- Proof of Income such as Salary slips for the past 3 months, Banking Statements for the past 3 months, Form 60, and Income Tax Returns
- Documents of the property you are mortgaging such as Title Deed
Documents required of Self-Employed Applicants
- Mandatory documents such as PAN Card or Form 60
- Proof of Identify such as PAN Card, Aadhaar Card, Passport, Driving License, and Voter ID Card, etc.
- Business proof such as documents pertaining to the ownership of the business such as Partnership Agreement, and Registration Certificate
- Proof of income such as Company banking statements for the past 6 months, Income Tax Returns, and company financial documents such as Balance sheet and Profit and Loss statements
- Documents of the property you are mortgaging such as Title Deed.
Note: This list is only indicative, you may be requested for additional documents at the time of applying.
Loan Against Property of up to Rs.1.5 Crore: Interest Rates
For salaried and professional applicants, the Bajaj Housing Finance Loan Against Property interest rate starts at just 9.40%* p.a. Borrowers benefit not only from a low interest rate, but also from the substantial sanction, competitive interest rate, and quick disbursement time just 72 hours* after document submission.
How to Apply for a Rs.1.5 Crore Loan Against Property?
The process of applying for a Loan Against Property is simple and straightforward with Bajaj Housing Finance. Here is how you can apply for a Loan Against Property:
- Visit the Loan Against Property application form.
- Enter the required details such as name, contact details, employment type, monthly income, PIN code, and required loan amount.
- Generate and enter OTP.
- Submit the application form.
Following the submission of the application form, a customer representative from Bajaj Housing Finance will contact you within 24 hours* for further processing.
*Terms and conditions apply.
