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Loan Against Property in Faridabad: Overview

Faridabad holds the record for being one of India’s most populous cities and has been described as the third fastest-growing city in India. Situated about 284 kilometres south of Chandigarh, Faridabad is one of Delhi’s major satellite cities with huge opportunities for real estate investment. A loan against property can give you the leverage you need to profit from the growing real estate industry in Faridabad. If you’re currently a homeowner then using your home to obtain a loan for strategic investment opportunities is a great idea. 

For the people of Faridabad, Bajaj Finserv offers loans against property for any purpose. There’s no limit to the amount of funding, and what’s more? We charge a low interest rate for every loan amount. 

If you need urgent funding for your business or any other pressing need, this article will show you everything you need to know. Read on to learn more. 

Features of Loan Against Property in Faridabad

Why take a loan against property from us in Faridabad? We have numerous reasons why choosing to do business with us is a great move. 
Some of them are:

  •  Loan of Rs.5 Crores or More

    Sizeable Funding

    Bajaj Finserv sanctions funds worth Rs.5 Crore or more, based on the value of the property mortgaged, to eligible applicants in Faridabad. Use these funds to address any expense you wish to, with no restrictions.

  • Minimal Documentation 

    Easy Documentation

    Bajaj Finserv makes it easy for you to avail of a loan against property by simplifying the application process. We ask for minimal documentation, and that coupled with our easy-to-meet eligibility requisites makes the entire process a breeze and boosts your chances of being approved for a loan amount you desire, provided you meet all our necessary asks.

  • Flexible Tenors

    Flexible Repayment Tenor

    We provide flexible loan tenors to our customers, where they can choose to pay their loan against property in Faridabad over a period ranging up to 18 years. This allows for a comfortable repayment plan that doesn’t infringe upon your financial goals and savings.

  • Customised Repayment Options

    Customised Repayment Options

    To make your life stress-free, Bajaj Finserv also extends a customized loan repayment plan to suit your needs and requirements. This means that you can pay your loan back in a way that is comfortable and catered to your financial standing.

  • Speedy Disbursal

    Speedy Disbursal

    Bajaj Finserv provides you with the fastest turn-around time so that you get the loan as soon as possible. If you fulfil all our eligibility criteria, we will process your loan within 72 hours* of document submission.

  • Hassle-free Balance Transfer Facility

    Hassle-free Balance Transfer Facility

    Get a high-value top-up loan by transferring your existing loan against property to Bajaj Finserv. With our attractive offers and affordable interest rates, we give you the best experience for a loan against property in Faridabad, with reduced EMIs and more savings.

  • No Hidden Charges

    Zero Hidden Charges

    Are you worried about hidden charges while availing of a loan against property? At Bajaj Finserv, that is never a cause for worry. We conduct a transparent loan approval process without any hidden charges. With easy-to-understand terms and conditions, apply for a loan and get exactly what you bargain for.

  • Contact-free loans

    One Loan for All Your Needs

    The benefit of seeking a loan against property is the versatility of the funds. Bajaj Finserv provides you with loans against fully constructed freehold residential and commercial properties in Faridabad, with no restriction on its end use. Applicants can choose to channel the funds to address any number of expenses, including:
    • Business needs
    • Marriage expenses
    • Medical expenses
    • Any other personal needs 

Documents Required for a Loan Against Property in Faridabad

Below is a checklist of the documents you must provide before taking a loan against property from us: 

  • Proof of identity and address
  • Recent salary slips
  • Bank account statement of up to 3 months 
  • Income Tax Returns
  • Property documents 

Application Guide for Loan Against Property in Faridabad 

While you can apply offline at our Faridabad office, here’s a guide for online application.

  • Complete the application form on our website. 
  • A representative will contact you, kindly respond to process the application. 
  • Within 48 hours*, your application is approved. 
  • Upon submission of the necessary documents, you get paid within 72 hours*.
Note, however, that some documents can’t be uploaded online. So, we may ask you to visit the nearest branch to you to submit those documents.

No matter your financial standing, we guarantee a low interest rate on any amount that you take from us. We provide quick disbursals, a personalized repayment option, and many more. Click here to get started today. 

Latest Interest Rate for Loan Against Property in Faridabad 

Salaried and professional applicants can take a property loan from us at the rate starting at 9.50%* p.a. If you opt for the floating interest rate scheme, then you can reap the rewards of interest rate cuts. Other related charges include processing fees, loan statement charges, and equated monthly instalment (EMI) bounce charges. 

A quick tip: The loan tenor and amount applied will help us select your loan against property interest rate.

How to Qualify for a Loan Against Property in Faridabad 

The below list highlights our requirements for a loan against property. To be eligible, you must:

  • Be a residing citizen of India. 
  • Be aged between 28 to 60 years if you’re a salaried applicant. Self-employed applicants must be aged between 25 to 70 years. 
  • Possess work experience of up to 3 years. 
In addition, you must also have a credit score of at least 725. 

Did you know, a good CIBIL score can help you get a better deal on loans and credit cards?