Mortgage Loan Process

Mortgage loans are a type of secured loan where the borrower must pledge collateral to avail of a loan. Mortgage loans come with the benefits of sizeable loan sanctions and a longer repayment tenor so that you can repay your loan comfortably. With this, one can also experience a faster loan approval and disbursal process given the nature of the security.

Additionally, mortgage loans can be availed at lower interest rates. Mortgage loan interest rates are lower than unsecured loans because collateral is pledged. This reduces the risk of lending.

A prominent benefit of this type of loan is the interest rates. Mortgage loan interest rates are lower as compared to unsecured loans such as personal loans. Collateral in the case of mortgage loans reduces the lending risks making it more afforable than unsecured loans.

Bajaj Housing Finance offers one of the fastest mortgage loans with the lowest interest rates. Applicants can easily check how much EMI they have to pay using a Loan Against Property EMI Calculator and apply accordingly.

The Loan Against Property eligibility criteria is easy-to-meet and basic, so applicants can qualify for the loan amount they desire with ease.

Loan Against Property Eligibility Criteria

​The Bajaj Housing Finance Loan Against Property eligibility criteria are simple and easy-to-meet. Meet these criteria to get a loan at attractive interest rates from us.

• Applicants must be residing citizens of India 
• Applicants must have an ideal CIBIL score of 750 or higher
• Salaried applicants must be between 28 and 60 years** of age
• Self-employed applicants must be between 25 and 70 years** of age
• Salaried applicants must be employed with a public, private or a multinational organization with a minimum work experience of 3 years
• Self-employed applicants must be able to establish a minimum of 5 years of business

**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

Documents required for a Loan Against Property

To complete your application, you will need to keep the following documents handy.

• ​KYC Documents – Photo ID includes, PAN card, Aadhar Card, or Voter ID. Residential proof can include utility bills or bank passbook. PAN card or Form 60 are mandatory documents.
• Income Proof – Salaried applicants must submit their last 3 months’ salary slips, and self-employed applicants need to establish a steady flow of income from the existing business for 5 years through P&L statements, among other documents
• Taxation Document – Applicants must submit their latest ITR as requested
• Property Documents – Applicants must provide a copy of the documents of the property to be mortgaged, along with Title documents

Note: This list is indicative. Additional documents may be needed during loan processing.

The application process for a Loan Against Property is simple and convenient. Proceed with the following steps to apply for a Loan Against Property with Bajaj Housing Finance.

1. ​Fill in the online application form with your occupation and Loan Against Property type

2. Next, fill in your personal, residential and financial details to complete submission

3. A Bajaj Housing Finance representative will get in touch with you. Submit all the necessary documents to them, by opting for the doorstep document pick-up service

4. Receive disbursal of your loan within 72 hours* of approval and verification

*Terms and conditions apply