Pay-off Your Debt with a Loan Against Property

Pay-off Your Debt with a Loan Against Property_banner

APPLY NOW

Banner-Dynamic-Scroll-CockpitMenu_LAP

Pay-off Your Debt with a Loan Against Property _WC

5 min 14 Feb 2024

Paying Off Debt with Loan Against Property

Highlights:

What is Debt Consolidation?
Why You Choose a Bajaj Housing Finance Loan Against Property for Debt Consolidation?

In the case of multiple debts, keeping track of all the EMI schedules and due dates can be challenging. Moreover, one can incur penalties for missed EMI payments. To avoid defaulting on their EMIs, borrowers can opt for debt consolidation and ensure streamlined repayment of their loans

Debt consolidation is the process of taking one loan to pay off multiple loans. When borrowers avail of a debt consolidation loan, they can benefit from low interest rates and save on the total interest outgo. Further, when one opts for debt consolidation, one has to keep track of only one EMI date. This makes repayment easier and saves borrowers from penalties.  

Bajaj Housing Finance offers Loans Against Property (LAP) which comes with end-use flexibility. The loan amount availed through a property loan can be used to consolidate your debts. To learn more about the benefits of our Loan Against Property, read further.

Bajaj Housing Finance Loan Against Property for Debt Consolidation

1. Substantial Loan Amount

With Bajaj Housing Finance, borrowers can avail of substantial funds of Rs.5 Crore* or more, basis eligibility. This sizeable sanction can cover all other loans, making loan repayment easy.

2. Flexible Repayment Tenor

By availing of a Loan Against Property from Bajaj Housing Finance, you can benefit from a long repayment tenor of up to 17 years. This flexible repayment period ensures convenient repayment of the loan by keeping EMIs manageable.

Also Read: Pick the Right Loan Against Property Tenor

3. Low Interest Rates

Bajaj Housing Finance Loans Against Property interest rates start at just 9.40%* p.a. for self-employed individuals. Our competitive interest rates ensure feasible EMIs, allowing you to save on the total interest outgo.

4. Quick Loan Disbursal 

With Bajaj Housing Finance, you can expect to see funds in your account within 72 hours* of document submission and approval. This makes it a convenient financial solution to meet urgent expenses.

5. End-Use Flexibility

A property loan availed of from Bajaj Housing Finance comes with end-use flexibility. You can use the funds for debt consolidation, paying for your home renovation, or business expansion.

Also Read: Things to Check Before Taking a Loan Against Property for Education

*Terms and conditions apply.

Blog-Intro-Disclaimer

DISCLAIMER:

While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent errors or delays in updating the information. The material contained in this website and on associated web pages, is for reference and general information purposes, and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. Neither Bajaj Housing Finance Limited nor any of its agents/associates/affiliates shall be liable for any act or omission of the Users relying on the information contained on this website and on associated web pages. In case any inconsistencies are observed, please click on contact information.