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Introducing Bajaj Finserv Rental Deposit Loans For Tenants And Landlords

  • Highlights

  • A renovated, furnished home can fetch higher rent for landlords

  • Renting a home involves multiple expenses for tenants too

  • Get up to Rs.5 lakh via Bajaj Finserv Rental Deposit Loan

  • Refurbish your property, or pay brokerage & other costs with it

According to the Economic Survey 2017-18, 28% of Indians live on rent in urban cities. With increasing cost of purchasing a home as well as modern lifestyles where moving cities for jobs is common, renting a home is on an increase, for both homeowners as well as tenants. However, the process of letting out a home to earn an income and renting a home may cause financial strain at first. With the Bajaj Finserv Rental Deposit Loan, you need not worry about this. This funding solution offers up to Rs.5 lakh to aid both tenants and landlords.

Here is how you can use it to your advantage.

How tenants can benefit

The most common expense that you have to bear when looking to rent a home is paying the security deposit upfront, which is usually equal to 3 months’ rent. Additionally, you need to pay brokerage and a month’s advance rent too.

When you add moving and transportation expenses and well as supplementary expenses related to household appliances, installing a cable or internet connection and more, this amount can easily go up to a few lakhs. Using the Bajaj Finserv Rental Deposit Loan, you can easily cater to all these costs, without putting your investments and savings in jeopardy.

Additional Read: How to Lower Your EMIs by 45%?

How landlords can benefit

By ensuring your home is well-equipped with necessary furniture, fittings, and furnishings, you can create the potential to earn a higher regular income from tenants. In fact, studies show that an unfurnished flat that you rent at Rs.25,000 can command at least Rs.30,000 when it is well furnished. With many choices in the market, tenants may look elsewhere if the property isn’t well maintained, isn’t newly painted, or has been left in disarray by the previous tenant. You can address all these renovation and improvement expenses utilising the amount from the Bajaj Finserv Rental Deposit Loan.

Why to choose the Bajaj Finserv Rental Deposit Loan

With ample funding of up to Rs.5 lakh, the Bajaj Finserv Rental Deposit Loan serves your interests no matter whether you are a tenant or a landlord. Not only it is quick, offering money in your bank account in just 24 hours, but it is also easy to apply for with minimal documents and an online application. To support your busy lifestyle, this financing option also helps you get doorstep services so you don’t need to travel to a branch, and offers to draft and register your rent agreement too.

Additional Read: Rental Deposit Loans Help House-Owners Maximise Rental Yield

Repaying this loan is also convenient, as you can choose a tenor up to 36 months based on your income and existing obligations. You also have the freedom to part-prepay the loan at no extra charges. Finally, you can also benefit from value-added services of accessing a card protection plan to safeguard your debit and credit cards in case you lose your wallet as well as customised insurance schemes to protect you financially in case of unforeseen events.

With all these benefits at your fingertips, get ready to lease or rent a home across more than 200 Indian cities! Once your rental agreement is verified, you will receive the loan account in just 24 hours from the time you apply.

The content of this document is meant merely for information purposes. The personal loan features mentioned in this article are subject to updation, completion, revision, verification and the same may change materially based on policy revisions. For more details, please visit our Personal Loan terms and conditions page here.

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