Rs. 25 Lakh Loan

A Rs. 25 lakh loan can help you finance large expenses such as home renovations, business expansion, or debt consolidation. There are multiple options to get a loan, including secured loans against investments and unsecured personal loans. Choosing the right loan depends on your needs, financial profile, and repayment capacity.

Secured loans, like loans against shares, or mutual funds, offer lower interest rates and easier approval. Unsecured loans, such as personal loans, may have stricter eligibility requirements and higher interest rates. This guide explains the different ways to secure a Rs. 25 lakh loan, eligibility criteria, documents required, application process, and EMI calculations.

6 ways to get a Rs. 25 lakh loan

The table below outlines different loan options, their interest rates, tenure, and application links.

Loan product	Interest rate	Loan tenure	Details and application link
ESOP Financing	up to 15% p.a.	Up to 36 months	Learn more and apply for ESOP Financing
Loan Against Bonds	Up to20% per annum	Up to 36 months	Learn more and apply for Loan Against Bonds
Loan Against Insurance Policy	Up to 24% p.a.(In case of lock-in policies, compounding interest will be chargedIn case of lock-in free policies, simple interest will be charged)	Up to 96 months	Learn more and apply for Loan Against Insurance Policy
Loan Against Mutual Funds	8-15% per annum	Up to 36 months	Learn more and apply for Loan Against Mutual Funds
Loan Against Shares	8-15% per annum	Up to 36 months	Learn more and apply for Loan Against Shares

Eligibility criteria for a Rs. 25 lakh loan

To qualify for a Rs. 25 lakh loan, you must meet certain eligibility criteria. Lenders evaluate factors such as income, credit score, employment type, and existing financial obligations.

• Age: 18 to 65 years
• Income: Stable income source from salary, business, or investments
• Employment status: Salaried or self-employed professionals/business owners
• Asset ownership: Existing investments in bonds, shares, or insurance

Lenders may have additional criteria depending on the loan type and security offered. This is based on Bajaj Finance loan against securities.

Documents required for Rs. 25 lakh loan

When applying for a Rs. 25 lakh loan, you need to submit essential documents for verification. These documents vary based on the loan type and lender but generally include:

Official Valid Documents (OVDs) for KYC:

• Identity proof: Aadhaar, PAN, passport, Voter ID or driving license
• Address proof: Utility bills, passport, driving license, or Aadhaar card

Other documents:

• Income proof: Salary slips, IT returns, or business financial statements
• Bank statements: Last six months’ statements
• Investment proof: Ownership documents for shares, bonds, mutual funds, or insurance policies
• Loan application form: Completed and signed form as per lender’s requirement

Additional documents may be needed based on the type of loan applied for.

How to apply for a Rs. 25 lakh loan

Applying for a Rs. 25 lakh loan involves a few simple steps. Online applications offer quick approval, while offline applications require visiting a bank or NBFC branch.

Step-by-step process:

1. Choose a suitable loan type – Compare ESOP financing, loans against bonds, or shares to find the right option.
2. Check eligibility criteria – Ensure you meet the lender’s requirements, including credit score and asset ownership.
3. Gather necessary documents – Keep ID proof, income proof, and investment details ready for faster processing.
4. Apply online or offline – Visit the lender’s website or branch to submit your loan application.
5. Get loan approval – The lender will verify documents, check credit history, and approve the loan if all conditions are met.
6. Disbursement – Once approved, funds are transferred to your bank account within a few days.

Choosing secured loans against investments can speed up the approval process and lower interest rates.

Benefits of Rs. 25 lakh loans against investments

Opting for a loan against investments instead of a personal loan offers multiple advantages:

• Retain ownership: Continue earning returns on your investments while using them as collateral.
• Lower interest rates: Secured loans have lower rates than unsecured loans.
• Quick processing: Faster approval and disbursal due to asset-backed security.
• No end-use restriction: Use the funds for business expansion, investment, or personal needs.
• Higher loan amounts: Large ticket sizes available based on asset value.
• Loan to value (LTV): Lenders offer 50% to 90% of the investment’s value as a loan, ensuring substantial borrowing capacity.

This makes loans against investments an efficient way to raise funds without liquidating assets.

Choosing the right secured loan option ensures minimal financial burden while maximising investment returns.

Conclusion

A Rs. 25 lakh loan can be obtained through multiple secured and unsecured options. Loans against investments offer lower interest rates, faster processing, and flexibility, making them a great alternative to personal loans.

Before applying, compare different loan products, check eligibility, and choose a repayment plan that suits your financial goals. Always read the terms and conditions carefully to avoid hidden charges.

Explore Loan Against securities by Bajaj Finance Limited.