Get a loan against property despite a low CIBIL score
To apply for a loan against property, lenders require you to meet their minimum requirements. Among these is the criterion that you must have a CIBIL score of at least 750 to qualify. Naturally, with a poor or low CIBIL score, you may find it harder to qualify for most offerings. The solution to this problem is to learn how to improve your credit score, but the most helpful practices to improve your score will take time.
Bajaj Finserv offers a loan against property even for those applicants who have a low CIBIL score. With this offering, all you need to do is adhere to the simple loan against property eligibility and document requirements and you can avail of funding of Rs. 5 Crore** without any hassles.
Moreover, you enjoy the benefit of a flexible tenor that ranges up to 15 years* when you opt for this loan. When combining this flexibility with the nominal loan against property interest rates and charges, you can truly optimise your repayment for maximum affordability. So, whether you’re looking to fund a big-ticket personal expense or take your business to the next level, be sure to opt for the Bajaj Finserv Loan Against Property.
To avail of a loan against property, you need to mortgage either a residential or commercial property that you own. You may also mortgage land, manufacturing space or other such plots. Whatever you pledge is used as a security, which may be liquidated by the lender to recover the outstanding amount in case of non-payment. Due to the secured nature of the loan, you may be able to avail funding even if you have a low CIBIL score.