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Loan Against Property in Kota: Overview

If you desire to purchase a new house or strengthen your business and don’t know how to do it, then this article is for you. New and existing customers of Bajaj Finserv can now access our redesigned loan against property and pay less on their desired loan amount.

A loan against property enables you to make payments on high-value expenses, whether for business or personal reasons. We do not set a limit on what you can use the money for and we offer quick responses to all loan applications. You can also close the loan early through the prepayment option.

This article will explain how you can benefit from a loan against property in Kota. Let’s proceed.

Features of Loan Against Property in Kota 

Many people see loans as a bad thing because they believe that repayment drains their monthly salary and prevents them from saving money. However, taking a loan from us gives you access to different several benefits like:

  •  Loan of Rs.5 Crores or More

    Access Big Ticket Loans

    We offer loans worth Rs.5 crores or even more, basis eligibility, to new and existing customers. You can even get more money, but this depends on your eligibility status. To get accurate information about your eligibility status, please use our loan against property eligibility calculator.

  • Minimal Documentation 

    Swift Disbursal

    Just as we assure you of minimal documentation, doorstep service, and simplified eligibility criteria, we also promise to pay your desired amount within 72 hours* of you submitting the required documents. 

  • Adaptable Repayment Tenor

    Adaptable Repayment Tenor

    With a repayment tenor of up to 18 years, you can avail yourself of a loan against property. We also offer a prepayment facility allowing you to close the loan early without being charged.

  • Hassle-free Balance Transfer Facility

    Availability of Balance Transfer

    You can now easily transfer your existing loan balance from one lender to us. Take advantage of our modest requirements to enjoy a sizable top-up loan. 

  • Fastest Turnaround Time

    Flexi Dropline

    With this feature, you can borrow whenever you want and pay interest on only the amount used. This enables you to organize your finances while making payments on interest-only Equated Monthly Instalments (EMIs). 

  • Contact-free loans

    Virtual Account Management

    Instead of visiting our branch office, you can perform operations on your account from home. Simply log in and review your loan details at any time.

How Can You Apply for a Loan Against Property in Kota? 

We have simplified our application method to allow you to take loans without stress. Here are the guidelines to follow:

  • Fill out the application form, supplying the required information.
  • Within 24 hours of applying, our representative will contact you to advance your application. 
  • Expect to be paid the approved amount within 72 hours* of submitting the documents.

Loan Against Property Eligibility

Salaried individuals and professionals, like chartered accountants, can take affordable loans against property from us. However, applicants in both categories must fulfil certain conditions. Complying with our directives lets us rapidly process your loan application and disburse the approved amount. Below are the two categories of requirements:

Eligibility Criteria
  • Applicants must be Indian citizens living in India
  • Applicants must be salary earners or professionals 
  • Applicants must have up to 3 years of work experience 
  • Applicants need to have a credit score of 725 upward
  • If you are a salaried applicant, you must belong in the age range of 28 and 60 years Professionals need to be aged between 25 and 70 years
Documents
  • Salary slips from 3 months ago 
  • Bank account statements from 3 months ago
  • Proof of identity like a Permanent Account Number (PAN)
  • Proof of address
  • A copy of the property documents
  • Income Tax Returns
A quick tip: One of our representatives may contact you for more documents if the need arises.

Loan Against Property in Kota Interest Rates

When you apply for a loan against property from us, we charge interest rates starting at 8.40%* per annum as loan against property interest rate for any amount. This applies to salaried and professional applicants. The loan to value ratio (LTV) is currently at 75%, and the processing fees are reliant on the loan amount.

How Can You Apply for a Loan Against Property in Kota? 

We have simplified our application method to allow you to take loans without stress. Here are the guidelines to follow:

  • Fill out the application form, supplying the required information.
  • Within 24 hours of applying, our representative will contact you to advance your application. 
  • Expect to be paid the approved amount within 72 hours* of submitting the documents.

How to Decide on a Tenor for Your Loan Against Property

Before applying, we advise you to consider the fact that a loan is a long-term deal and you must select the appropriate tenor. Here’s a to-do list that will help you make the best decision for your specific situation:

  • Evaluate your current financial commitments
  • Study your budget
  • Review your future motives, particularly the financial aspect

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