A Loan Against Property in Jaipur is a secured form of credit offered by banks and financial institutions, where borrowers can mortgage their residential, commercial, or industrial property to avail of funds. This loan can be used for multiple purposes — business expansion, education, wedding, medical emergencies, or even debt consolidation. Since the loan is backed by an asset, interest rates are relatively lower compared to unsecured loans.
Jaipur, being a growing real estate and business hub in Rajasthan, sees rising demand for mortgage-backed credit. Whether you are a salaried individual or a self-employed professional, using your idle property to unlock funds is a financially strategic move. Read on to understand the broader scope of loan against property in Jaipur.
Features and benefits of loan against property in Jaipur
Applicants interested in availing a loan against property in Jaipur can read more to know about the features of the Bajaj Finserv Loan Against Property.
Affordable rate of interest
Bajaj Finserv offers applicants an affordable loan against property option to fit their finances.
Money in the account within 72 hours*
Quit worrying about financial emergencies. Bajaj Finserv takes only up to 72 hours* to credit the amount to your account.
Financing of Rs. 10.50 crore*
Loans against property are available of up to Rs. 10.50 crore*, basis eligibility. Meet your financing needs effortlessly.
Balance transfer facility
Enjoy lower interests on an existing loan by opting for a loan against property balance transfer. Get high-value top-up loans too.
Easily accessible loan amount
Access all your loan against property information, including EMIs, outstanding balance, documents, etc. via our customer portal – My Account.
Tenure options
Tenors of up to 15 years are available for salaried applicants with a good credit profile.
Flexi loans
Enjoy added repayment flexibility and bring down your EMIs by up to 45%* with the Flexi loan facility.
Part-prepayment and foreclosure
Reduce your debt burden with our loan against property part-prepayment and foreclosure facilities at nominal or zero charges.
Eligibility criteria and documents required for loan against property in Jaipur
Anyone can apply for our loan against property as long as they meet the criteria mentioned below.
Eligibility criteria
Nationality: You must be an Indian citizen residing in India with property in a city we operate in.
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.
CIBIL Score: A CIBIL Score of 700 or higher is ideal to get an approved loan against property.
Occupation: Salaried, self-employed professionals like doctors, and self-employed non-professionals are eligible to apply.
Documents required
- Proof of identity/ residence - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
- If your current address is not the same as the OVD document provided, please share any of the listed DOVD documents.
- Proof of income
- Property-related documents
- Proof of business (for self-employed applicants), and
- Account statements for the last 6 months
How to apply for loan against property in Jaipur?
Applying for loan against property in Jaipur is a straightforward process. Follow these steps:
- Click on “APPLY” button on loan against property 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 Term Loan, and Term loan.
- Choose the repayment tenure - You can select tenure option of 12 month to 180 month and click on proceed.
Our representative will guide you on the next steps
Most lenders now offer online applications, enabling faster approvals and real-time updates.
Loan Against Property in Jaipur is a versatile financing tool that helps you unlock the hidden value of your property without selling it. Whether you are growing your business or managing personal milestones, LAP offers a secure, long-tenure, and cost-effective funding route.
Loan against property in Jaipur interest rates and charges
Loan against property interest rates in Jaipur typically start from 8% per annum, depending on the applicant’s credit score, income, and property type. Borrowers may also incur processing fee, legal, valuation, and documentation charges as part of the processing. Prepayment and foreclosure are allowed, with minimal or no charges depending on the lender.
