Mortgage loan: Documents required

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’re looking to finance personal obligations such as a wedding, home renovation, and overseas education or fund business-related expenses, the Bajaj Finserv Mortgage Loan is an ideal solution. You can access Rs. 5 Crore, or more if you are an eligible applicant. Apply with a hassle-free process with minimal paperwork and receive the approved amount within three days**.

Repay over a flexible loan against property tenor ranging from two to 18 years. Calculate your monthly instalments with our Loan Against Property EMI Calculator to come up with a convenient payment schedule.

**Conditions apply

Mortgage loan: Eligibility criteria

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
    Nationality

    Resident of India, owning property at the following locations:

    Delhi and NCR, Mumbai and MMR, Chennai, Hyderabad, Bangalore, Pune, Ahmedabad

  • Age
    Age

    23 to 58 years

  • Employment
    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
    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
    Age

    28 to 70 years

  • Employment
    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

Between 25 years and 70 years years

Between 33 and 58 years

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. 5 crore*

Up to Rs. 5 crore*

Availability of loan tenor

Tenor flexibility of up to 18 years

Tenor flexibility between 2 and 20 years

Mortgage Loan: Eligibility and Documents FAQs

Do I need to visit a branch to apply for loan?

You can easily apply for our loan against property through an online application process.

How long does it take to get a mortgage loan?

Once your application is approved, your mortgage loan amount is disbursed within 72 hours**.

**Conditions apply

What documents do I need to apply for this loan?

You need to furnish KYC, income proof, address proof and the relevant property documents to apply for mortgage loan.

How much can I borrow under a mortgage loan?

You can access mortgage loan up to Rs. 5 crore*. However, the loan amount available depends upon the lender’s loan to value ratio.

How can I get a loan without proof of income?

You will need to apply with a co-applicant, justify the lack of documentation, and prove that your finances are in good health.

Can I mortgage an owned property to buy a new one?

Yes, you can avail a mortgage loan against an owned house to purchase of a new property if you meet the eligibility criteria.

Which factors affect mortgage loan eligibility?

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.

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