Rajkot, located in the Saurashtra region of Gujarat, is the 4th largest city in the state with a population of 1.8 million as of 2018. City Mayors, a global think tank concerned with urban affairs, recently ranked Rajkot as the 7th fastest growing city in the world.
With such a booming economy, Rajkot is home to several heavy and small scale industries. The Gujarat Industrial Development Corporation has invested heavily in the area, and it has led to numerous fledgling small and mid-sized businesses with a constant need for financing.
One of the most secure ways to avail funds for business or personal use is a Loan Against Property. Such secured loans offers access to a high loan amount with flexible tenures and easy repayment terms.
Here’s everything you need to know about Loan Against Property in Rajkot from Bajaj Finserv.
Bajaj Finserv Loan Against Property in Rajkot is a high-value secured loan. Self-employed individuals can avail up to Rs.3.5 crore. The maximum loan amount cap for salaried individuals is set at Rs.1 crore. The final loan amount, however, depends on several factors such as the value of the mortgaged property and income of the borrower. Bajaj Finserv offers up to 80% of the value of the mortgaged property.
Loan Against Property is a long-term loan. It comes with flexible tenures ranging between 2 and 20 years for salaried individuals. For self-employed borrowers, the repayment tenure is up to 18 years. Such long tenures make it easy to repay the loan as the EMI amount remains substantially low.
Bajaj Finserv assures quick processing of application within 72 work hours. The loan amount is typically disbursed within 3-4 days of application.
A Mortgage Loan from Bajaj Finserv comes with several benefits which make it the preferred mode of availing finance to meet any financial need. Firstly, there are no end usage restrictions on these credits. You may utilise the credit amount for child’s education abroad or even for wedding expenses.
Secondly, Bajaj Finserv brings you pre-approved offers, which make it incredibly convenient and time-friendly to apply for the credit. Such offers are available on both unsecured credits like personal loans and secured advances like a mortgage loan.
Meet the easy mortgage eligibility criteria to avail property loan. Bajaj Finserv’s Loan Against Property eligibility criteria is among the easiest available.
Avail high-value Property Loan with attractive mortgage interest rates. Charges and fees applicable are also minimal.
Apply for the Loan Against Property simply by calling on 1800-103-3535, if you are a new client or 020-3957-5152, if you are an existing customer, also visit loan against property contact details. You can also apply for the loan by filling up the online application form.