Loan Against Property

Kind of Property for Mortgage Loan

What kind of Property be Mortgaged

Availing a loan against property involves mortgaging the property to the lender to avail the funds. Bajaj Finserv offers such advances against several types of mortgage property which you can keep as collateral to avail the loan.

Check out the list of properties you can mortgage to avail a high-value Mortgage Loan of up to Rs.3.5 Crore. The repayment tenor goes up to 20 years and you can choose the tenor according to your repayment capabilities. Borrowers can also enjoy multiple other attractive features and benefits from a Bajaj Finserv Loan Against Property.

Mortgage one of the following types of property to avail the funds.

Self-Occupied Residential House

You can keep a residential property you live in as mortgage with Bajaj Finserv to avail a loan. Mortgaging a residential property also fetches the lowest rate of interest, which makes repayment more affordable.

Rented Property – Residential or Commercial

If you have a rented residential or commercial property, mortgage it to avail a Property Loan from Bajaj Finserv. For properties that have high saleability, Bajaj Finserv offers a high Loan to Value of up to 75% of the property’s current market value.

Rented Residential or Commercial Property – Vacant

You can also avail this loan with Bajaj Finserv if you have a rented residential or commercial property that is vacant.

Additional Read: How to use Reverse Mortgage

Shared Property

Co-owned properties by family members also come under the types of mortgage property Bajaj Finserv accepts. Apply with the co-owners and mortgage it to avail a loan of high value. The co-owners should be specifically related like son and father, son and mother, brothers, unmarried daughter and parents, etc. You need to furnish basic documents of all co-owners to avail the loan.

Mortgage your property with Bajaj Finserv and enjoy repayment-friendly interest rates and charges. Calculate the payable EMI with the online mortgage calculator to estimate your monthly outflows and plan your finances accordingly.