Bajaj Finserv in your city
Nestled on the Vaigai river banks, Madurai is known as the cultural capital of Tamil Nadu and houses several historical monuments. Economy-wise, it is an important educational and industrial centre in the state’s southern region.
Visit our branch or apply online to avail a cost-effective loan against property in Madurai. Bajaj Finserv brings 100% transparent terms and conditions. We have a branch here.
Features and benefits
Applicants interested in availing a loan against property in Madurai 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 20% (fixed or floating rate of interest), Bajaj Finserv offers applicants an affordable home loan 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, to boost your home buying journeys.
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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 tenor 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.
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Loan subsidies
Avail of the loan subsidies offered under the PMAY scheme, with Bajaj Finserv. Approach us for updated terms and best home loan deals.
Madurai is the state’s 3rd largest urban agglomeration, followed by Chennai and Coimbatore. The reputed Agricultural College and Research Institute, Madurai Medical College, Madurai Law College, Homeopathic Medical College, etc. run here. Traditionally, an agro-based economy, Madurai generates revenue from rice and cotton cultivation, jasmine plantation, poultry-farming, brick-making, carpentry, pottery and mat-weaving. The city also has a strong presence of small scale industries, IT companies, automotive industries, etc.
Bajaj Finserv helps you fulfil your dreams and necessities effortlessly with a personalised loan against property. With no restriction on end-use, utilise the money for home renovation, wedding, debt consolidation, travel and accommodation, higher education, business expansion and more.
Walk into our branch for financial assistance or access all information, including application form, online.
Eligibility and documents for loan against property in Madurai
To qualify for a high-value loan in Madurai, fulfil the simple eligibility criteria from Bajaj Finserv.
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Employed
Self-employed or working at an MNC, private/ public firm
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Citizenship
Indian, resident of the country
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CIBIL score
750 and above
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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.
Besides eligibility, the documentation required for this loan is also minimal. Go through a hassle-free verification process with a few basic papers only. Bajaj Finserv ensures quick loan approvals once you meet all the requirements accurately.
Interest rates, fees and charges
Interest rates on Loan Against Property offered by Bajaj Finserv are one of the lowest in the market. Other applicable charges like processing fees, penalty, etc. are also minimal.
Check out how to apply for Loan Against Property in Madurai and proceed with the same. Keep the necessary documents handy to receive the fastest approval.
