Applying for a mortgage loan has become more convenient than ever, thanks to digital platforms like Bajaj Finance. Whether you are a salaried professional or a self-employed individual, securing substantial funds against your property is now a seamless process. With Bajaj Finance, you can avail a mortgage loan of up to Rs.10.50 crore*, with funds disbursed within 72 hours* of approval. The online application process is straightforward: fill out the loan against property application form, provide your property and income details, and submit the necessary documents. Once submitted, a relationship manager will guide you through the remaining steps. This streamlined approach eliminates the need for extensive paperwork and multiple branch visits. Additionally, Bajaj Finance offers flexible repayment options, competitive interest rates, and the freedom to use the funds for various purposes, be it business expansion, education, or personal needs. In this article, we will delve into the step-by-step process of applying for a mortgage loan online with Bajaj Finance, ensuring you have all the information needed to make an informed decision.
How to apply for a mortgage loan
Step-by-step guide to applying for a loan against property
- Click on “APPLY” button on this page.
- Enter your 10 digit mobile number and OTP.
- Fill in the application form with your Personal Details, Business/Employment/Professional details, Property details and proceed.
- Enter your loan amount that you need, choose from our three loan variants- Flexi term loan, Flexi hybrid loan, and Term loan.
- Choose the repayment tenure - You can select tenure option of 12 month to 180 month and click on proceed.
Once you submit these details, you can expect a call from our relationship manager who will guide you through the remaining application steps.
Apart from the easy application, Bajaj Finserv offers other perks through its mortgage loan, such as a high loan amount of up to Rs. 10.50 crore* and funds in your account in 72 hours*. You can also access the Flexi facility, a long repayment tenor, and competitive interest rates. Best of all, there are no restrictions on how you can use the funds.
*Conditions apply
FAQs
What is the maximum loan amount on Mortgage Loan?
Mortgage Loan is a secured credit availed against the mortgage of a property. Bajaj Finserv offers Loan Against Property with a high-value credit for individuals from two income groups. Know your answer to what is the maximum loan amount on Mortgage Loan below.
Self-employed individuals – Maximum amount of up to Rs. 10.50 crore*.
Salaried individuals – Maximum amount of up to Rs. 10.50 crore*.
However, the maximum amount you can avail also depends on the property’s current market value and the loan to value in mortgage loan offered by the lender. Bajaj Finserv offers Loan to Values as high as 80% of the property’s value.
Apply for Bajaj Finserv’s Mortgage Loan to maximise the available amount and meet your big-ticket funding needs.
What facilities do you get if you take Bajaj Finserv Loan Against Property?
You can enjoy several facilities with Bajaj Finserv Loan Against Property. Make the most of it during the loan tenure to maximise the accompanying benefits.
a) Part-prepayment and foreclosure – Utilise these facilities to reduce your loan burden at any time before the tenure ends. Individuals opting for Bajaj Finserv Mortgage Loan at floating rates can do so without paying any additional charges.
b) Balance transfer facility – Opt for this facility and benefit from lower interest rates with a high-value top-up amount.
c) Flexi loan facility – It lets you withdraw from a pre-sanctioned loan amount, and you pay interest only on the withdrawn amount.
All these facilities make Bajaj Finserv’s Property Loan a unique financing option. Fill up the online form to apply for it.
Is it possible to get a self-employed Loan Against Property?
Self-employed individuals can avail a Property Loan upon meeting specific eligibilities. Bajaj Finserv offers a self-employed loan on property to individuals who are sole proprietors, running a business in partnership, owning a company or qualify for other special cases.
- Bajaj Finserv offers a loan against property to self-employed and salaried individuals aged 25 years (18 years for non-financial property owners) to 85 years* (including non-financial property owners)
* 85 years* of age or less at the time of loan maturity - Be a self-employed person with a stable income source
- Be an Indian resident living in the following cities – Delhi, Hyderabad, Kolkata, Thane, Mumbai, Pune, Chennai, Ahmedabad, Vizag, Bangalore, Surat, Udaipur, Indore, Aurangabad and Cochin
Meet the eligibilities and apply with necessary documents. Avail India’s fastest Property Loan and enjoy disbursal within 4 days of approval.
If a property is jointly owned; can one still take a Loan Against Property co-applicant?
Yes, if a property has multiple owners, one can still avail a Property Loan. However, to avail this loan, it is necessary that all the co-owners apply as Loan Against Property co-applicant.
Individuals who can be co-applicant for Loan Against Property –
- Borrower’s spouse
- Son and father/ mother
- Brothers
- Unmarried daughter with parents
Co-application is also mandatory in other cases.
- For a partnership firm, its key partners.
- For a company, individuals who own above 76% of shares.
- If a company is mortgaged, all of its directors and partners.
- Karta, in case the joint family’s income is considered.
Maximise the value of Loan Against Property with co-applicants. Apply for it with Bajaj Finserv.
Frequently asked questions
Mortgage Loan is a secured credit availed against the mortgage of a property. Bajaj Finserv offers Loan Against Property with a high-value credit for individuals from two income groups. Know your answer to what is the maximum loan amount on Mortgage Loan below.
Self-employed individuals – Maximum amount of up to Rs. 10.50 crore*.
Salaried individuals – Maximum amount of up to Rs. 10.50 crore*.
However, the maximum amount you can avail also depends on the property’s current market value and the loan to value in mortgage loan offered by the lender. Bajaj Finserv offers Loan to Values as high as 80% of the property’s value.
Apply for Bajaj Finserv’s Mortgage Loan to maximise the available amount and meet your big-ticket funding needs.
You can enjoy several facilities with Bajaj Finserv Loan Against Property. Make the most of it during the loan tenure to maximise the accompanying benefits.
a) Part-prepayment and foreclosure – Utilise these facilities to reduce your loan burden at any time before the tenure ends. Individuals opting for Bajaj Finserv Mortgage Loan at floating rates can do so without paying any additional charges.
b) Balance transfer facility – Opt for this facility and benefit from lower interest rates with a high-value top-up amount.
c) Flexi loan facility – It lets you withdraw from a pre-sanctioned loan amount, and you pay interest only on the withdrawn amount.
All these facilities make Bajaj Finserv’s Property Loan a unique financing option. Fill up the online form to apply for it.
Self-employed individuals can avail a Property Loan upon meeting specific eligibilities. Bajaj Finserv offers a self-employed loan on property to individuals who are sole proprietors, running a business in partnership, owning a company or qualify for other special cases.
Bajaj Finserv offers a loan against property to self-employed and salaried individuals aged 25 years (18 years for non-financial property owners) to 85 years* (including non-financial property owners)
* 85 years* of age or less at the time of loan maturityBe a self-employed person with a stable income source
Be an Indian resident living in the following cities – Delhi, Hyderabad, Kolkata, Thane, Mumbai, Pune, Chennai, Ahmedabad, Vizag, Bangalore, Surat, Udaipur, Indore, Aurangabad and Cochin
Meet the eligibilities and apply with necessary documents. Avail India’s fastest Property Loan and enjoy disbursal within 4 days of approval.
Yes, if a property has multiple owners, one can still avail a Property Loan. However, to avail this loan, it is necessary that all the co-owners apply as Loan Against Property co-applicant.
Individuals who can be co-applicant for Loan Against Property –
Borrower’s spouse
Son and father/ mother
Brothers
Unmarried daughter with parents
Co-application is also mandatory in other cases.
For a partnership firm, its key partners.
For a company, individuals who own above 76% of shares.
If a company is mortgaged, all of its directors and partners.
Karta, in case the joint family’s income is considered.