2 Crore Loan Against Property _Banner_WC

Banner-Dynamic-Scroll-CockpitMenu_LAP

Avail of a Loan Against Property _WC

A Loan Against Property is a type of secured loan that allows you to obtain a large sum of money to meet your expenses. Like a personal loan, you can use the money however you see fit, such as for business expansion, renovation, a child's education, or even debt consolidation. Salaried individuals and businesses alike can obtain a property loan by pledging commercial or residential property as collateral. However, when opting for a Loan Against Property, it is critical to ensure that the property's title is clear.

Eligibility for a Loan Against Property_WC

Eligibility for a Loan Against Property

When applying for a Loan Against Property, Bajaj Housing Finance requires you to meet their minimum eligibility criteria to be approved, and these criteria vary depending on your employment type.

Salaried Employee

  • The applicant must be an Indian citizen residing in one of the cities where Bajaj Housing Finance operates.
  • The applicant must be between the ages** of 28  to 58 years old.
  • A minimum of 3 years’ experience working for a multinational corporation or a public or private sector organisation.

Self-Employed

  • The applicant must be an Indian citizen residing in one of the cities where Bajaj Housing Finance operates.
  • The applicant must be between the ages** of 25 to 70 years old.
  • The applicant must have a business that can generate a consistent income and has been in operation for at least 5 years.

**Age considered at the time of loan maturity.

Documents required for a Loan Against Property_WC

Documents required for a Loan Against Property

Bajaj Housing Finance requires you to submit a minimal number of documents and at the time of applying you must keep the necessary documents in order to get approved quickly and enjoy a streamlined process. The documents that you will need to submit differ on the basis of your employment type.

Salaried Applicants

  • Identity Proof: PAN Card, Aadhaar Card, Voter ID, and Passport.
  • Address Proof: Utility bills, Ration Card, and Property Tax Receipt.
  • Employment Proof: Company ID Card, and Employment Letter.
  • Income Proof: Latest salary slips, Banking statements for the past 3 months, Form 60, and Income Tax Returns.
  • Property Documents: Documents of the property you are looking to mortgage such as Title Deed, Registration certificate, and Sale Deed.

Self-Employed Applicants

  • Identity and Address proof for salaried and self-employed applicants remains the same.
  • Business Proof: Partnership agreement, Registration certificate, and Memorandum of Association.
  • Income Proof: Banking statements for the past 6 months, Income Tax Returns, Balance Sheet, and Profit and Loss Statements.
  • Property Documents remain the same as well.

Note: This list is only indicative, you may be requested to submit more documents basis your case.

How to Check your Loan Against Property EMIs_WC

How to Check your Loan Against Property EMIs

The application process for a Loan Against Property is simple and straightforward. All you have to do is visit the property loan calculator page on the Bajaj Housing Finance website. There you will have to look out for a form where you will need to input all necessary information. Once done, a calculator will display your EMIs, total interest and The total loan amount.

Once you have established your financial details you can proceed to apply for a loan against property. You can follow these steps to know how to do so:

  1. Visit the LAP application form.
  2. Enter the required details such as Full Name, Contact Details, Employment Type, Type of Loan, Monthly Income, and your Required Loan Amount.
  3. Submit the Application Form.

Once you have submitted the complete application form, a customer representative from Bajaj Housing Finance will get in touch within 24 hours to guide you through the next steps.

*Terms and conditions apply.

2 Crore Loan Against Property _RAS_WC

2 CR Loan Against Property _PAC_WC

People also consider

KNOW MORE

KNOW MORE

KNOW MORE

KNOW MORE

Call_And_Missed_Call