Documents required for mortgage loan
For salaried individuals*
- Latest salary slips
- Bank account statements of the previous three months
- PAN card/ Form 60 of all applicants
- ID proof
- Address proof
- Document of the property to be mortgaged
- IT returns
- Title documents
For self-employed individuals*
- Primary bank account statements of the previous six months
- PAN card/ Form 60 of all applicants
- Address proof
- ID proof
- Income documents like ITR returns and financial statements
- Documents of the property to be mortgaged
- Title documents
*Please note that the list of documents here is indicative. Additional documents may be required during loan processing.
Mortgage loan: Eligibility and documents required
Whether you need to manage your personal expenses such as a wedding, home renovation, overseas education, or fund business-related expenses, loan against property can be one of the solutions to cover these expenses. You can avail of loan up to Rs. 10.50 Crore* if you meet the eligibility criteria. Apply with a hassle-free process and minimal paperwork.
Repay over a flexible loan against property tenure ranging up to 15 years*. Calculate your monthly instalments with our Loan Against Property EMI Calculator and know the convenient repayment schedule.
Eligibility criteria for mortgage loan
You can easily qualify for the Bajaj Finserv Mortgage Loan with our relaxed eligibility terms that cater to both salaried and self-employed applicants.
For salaried
To get approval for a mortgage loan as a salaried individual, meet the following requirements.
-
Nationality
Resident of India, owning property at the following locations:
Delhi and NCR, Mumbai and MMR, Chennai, Hyderabad, Bangalore, Pune, Ahmedabad
-
Age
You must be between 25 years (18 years for non-financial property owners) to 85 years* (including non-financial property owners)
* 85 years* of age or less at the time of loan maturity -
Employment
Salaried employee of any private, public or multinational organisation
For self-employed
Meet our simple criteria to avail a self-employed mortgage loan.
-
Nationality
Resident of India, owning property at the following locations:
Bangalore, Indore, Nagpur, Vijayawada, Pune, Chennai, Madurai, Surat, Delhi and NCR, Lucknow, Hyderabad, Cochin, Mumbai, Jaipur, Ahmedabad
-
Age
You must be between 25 years (18 years for non-financial property owners) to 85 years* (including non-financial property owners)
* 85 years* of age or less at the time of loan maturity -
Employment
Self-employed individual with a steady income from business
List of eligibility criteria
Meet the following mortgage loan eligibility criteria to avail the advance.
Eligibility Requirements |
For Self-employed Individuals |
For Salaried Individuals |
Age limit |
You must be between 25 years (18 years for non-financial property owners) to 85 years* (including non-financial property owners)* 85 years* of age or less at the time of loan maturity |
You must be between 25 years (18 years for non-financial property owners) to 85 years* (including non-financial property owners)* 85 years* of age or less at the time of loan maturity |
Employment status |
Must have a regular income source |
Must be a salaried individual employed with an MNC, a private company or a public sector company |
Residential status |
Should be a resident Indian citizen |
Should be a resident Indian citizen |
Maximum loan eligibility |
Up to Rs. 10.50 Crore* |
Up to Rs. 10.50 Crore* |
Availability of loan tenure |
Tenure flexibility of up to 15 years |
Tenure flexibility between 2 and 20 years |
Eligibility and documents FAQs for mortgage loan
You can easily apply for our loan against property through an online application process.
Once your application is approved, your mortgage loan amount is disbursed within 72 hours**.
**Conditions apply
You need to furnish KYC, income proof, address proof and the relevant property documents to apply for mortgage loan.
You can access mortgage loan up to Rs. 10.50 Crore*. However, the loan amount available depends upon the lender’s loan to value ratio.
You will need to apply with a co-applicant, justify the lack of documentation, and prove that your finances are in good health.
Yes, you can avail a mortgage loan against an owned house to purchase of a new property if you meet the eligibility criteria.
Multiple factors work in to determine mortgage loan eligibility. Check out the following list of criteria that affect eligibility requirements.
- Age of the applicant
- Employment status, i.e., salaried or self-employed
- The organisation of employment for salaried employees
- Source of income for self-employed individuals
- Residential status of the applicant
- City of residence
The mortgage loan amount available for an applicant further depends on the current market value of property to be mortgaged and the Loan to Value (LTV) ratio extended by the lender.
