Bajaj Finserv in your city
Indore serves as the headquarters of the eponymous division and district in Madhya Pradesh. The largest city of the state is a popular hub for education with institutes like IIM and IIT.
Get an adequate source of financing in Indore with Bajaj Finance. We offer loan against property at a competitive interest rate.
Features and benefits
Applicants interested in availing a loan against property in Indore can read more to know about the features of the Bajaj Finserv Home Loan.
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Reasonable rate of interest
Starting from 8% to 14% per annum, Bajaj Finserv offers applicants affordable borrowing option to fit their finances.
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Speedy disbursal
No more long waits for loan amounts with Bajaj Finserv. Find your sanction amount in your bank account in just 72 hours* hours from approval.
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Ample sanction amount
Bajaj Finserv provides loan amount up to Rs. 10.50 crore* to eligible candidates and to boost your home buying journeys.
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External benchmark linked loans
By opting for Mortgage Loan linked to an external benchmark, applicants can enjoy reduced EMIs along with favorable market conditions.
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Digital monitoring
Now keep a close eye on all your loan developments and EMI schedules through the Bajaj Finserv online platform.
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Long tenor stretch
The Bajaj Finserv loan against property tenure stretches up to 15 years allowing borrowers a buffer period to plan out their EMI payments.
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Zero contact loans
Experience a truly remote loan application process from anywhere in India by applying Bajaj Finserv online loans against property and getting an easy approval.
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No prepayment and foreclosure charge
If all borrowers and co-borrowers are individuals, loan availed on floating interest rates, and loan taken for purposes other than business use, then there will be no foreclosure/ part-prepayment charges. However, apart from above situation part pre-payment charges are applicable for term Loan up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment. Part pre-payment charges are not applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi.
Indore sits on the southern edge of the Malwa Plateau. The financial district of the city houses the Madhya Pradesh Stock Exchange and serves as the state’s financial capital. Besides being an important commercial hub for goods and services, Indore is neighboured by major industrial areas including Indore SEZ, Pithampur, Laxmibainagar Industrial Area, Sanwer industrial belt and many more. Prominent IT parks spread across the city drive both employment and economy.
If you are a salaried or self-employed individual with a steady and regular source of income, apply for a loan against property at attractive interest rates. Bajaj Finserv brings some exclusive features like high LTV, long repayment tenor, flexible terms and conditions, part-prepayment and foreclosure facilities, etc.
To apply online, simply fill up an application form with accurate details.
Eligibility and documents loan against property in Indore:
Make sure you fulfil all the eligibility criteria to improve your chances of approval.
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Citizenship
Indian resident
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Employment
Working at an MNC, a private/ public limited company or self-employed
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Age
Minimum age: 25 years* (18 years for non-financial property owners)
Maximum age: 85 years* (including non-financial property owners)
*Age of the individual applicant/ co-applicant at the time of loan maturity.
*Higher age of co-applicant may be considered up to 95 years basis 2nd generation (legal heir) meeting age norms and to be taken as co-applicant on loan structure.
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CIBIL score
Check your CIBIL Score for FREE750+
Bajaj Finserv sanctions secured loans like these based on simple loan against property eligibility criteria and some basic documents. Make sure you meet all the requirements as per our terms and conditions for the best features and advantages.
Fees and charges for loan against property in Indore
Besides loan against property interest rates, there are other processing fees and charges associated with the credit. Know everything beforehand.
Frequently asked questions
Failing to repay the loan shall lead to liquidation of your mortgaged property. You can easily lower this risk on your asset my making on-time EMI payments.
Avoid missed or delayed payments by keeping a constant track on your EMIs via our customer portal – Experia.
You can keep a property with multiple owners as collateral. However, getting all of them as co-applicants is mandatory.
Yes. Tax benefits on loan against property are available under Section 24 and 37(1) based on the end-use of credit.
