Navratri is a time of celebration, new beginnings, and prosperity. For many families in India, it is also an ideal opportunity to make significant life decisions, such as buying a new home. Financial institutions like Bajaj Finance understand this sentiment and bring attractive mortgage loan offers during Navratri. A mortgage loan allows you to invest in a property while spreading repayment over a fixed tenure with affordable EMIs. Seasonal offers, like the Navratri mortgage loan, often come with lower interest rates, flexible repayment options, and faster processing. With careful planning and the right financial partner, this festive season can be the perfect time to step into your dream home.
What is a mortgage loan and how does it work?
A mortgage loan is a secured loan provided against the collateral of a property. Typically used for purchasing residential or commercial property, it allows borrowers to pay a substantial portion of the property price upfront and finance the remaining amount through EMIs over several years.
How it works:
- Property as collateral – The property you intend to buy or already own acts as security.
- Loan approval – The lender assesses your eligibility based on income, credit score, and repayment capacity.
- Disbursement – Once approved, the loan amount is disbursed directly to the property seller or builder.
- Repayment – Borrowers repay through EMIs that include principal and interest.
What is the navratri mortgage loan offer?
Financial institutions bring special Navratri mortgage loan offers to help homebuyers make their dream home a reality. Key highlights include:
- Attractive interest rates for a limited period during the Navratri festival.
- Quick approval process with minimal documentation.
- Flexible tenure options to suit different repayment capacities.
- Option to avail higher loan amounts based on property value and eligibility.
- Additional benefits for existing Bajaj Finserv customers, such as loyalty offers or faster processing.
These offers are designed to make home financing easier, enabling buyers to leverage festive season benefits while investing in real estate.
Key benefits of choosing Bajaj Finserv Loan Against Property
- Flexible Tenure Options – Choose EMIs that suit your financial comfort.
- High Loan Amounts – Finance larger properties without compromising liquidity.
- Quick Disbursal – Fast processing ensures you don’t miss out on festival deals.
- Minimal Documentation – Less paperwork, more convenience.
Eligibility criteria for Bajaj Finserv Loan Against Property
- Nationality: You must be an Indian citizen residing in India with property in a city we operate in.
- 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. - CIBIL Score: A CIBIL Score of 700 or higher is ideal to get an approved loan against property.
- Occupation: Salaried, self-employed professionals like doctors, and self-employed non-professionals are eligible to apply.
How to apply for the Bajaj Finserv Loan Against Property?
Step-by-step guide to applying for a loan against property
- Click on “APPLY” button on this page.
- Enter your 10 digit mobile number and OTP.
- Fill in the application form with your Personal Details, Business/Employment/Professional details, Property details and proceed.
- Enter your loan amount that you need, choose from our three loan variants- Flexi term loan, Flexi Hybrid Term Loan, and Term loan.
- Choose the repayment tenure - You can select tenure option of 12 month to 180 month and click on proceed.
Conclusion
A mortgage loan is an essential tool for those looking to purchase property without paying the full price upfront. The Navratri mortgage loan offer provides a timely opportunity to avail lower interest rates, faster approvals, and flexible repayment options. By applying during Navratri, buyers can make culturally significant investments while also enjoying financial advantages. With proper planning, verification of documents, and leveraging festive benefits, this Navratri can truly be the time to turn your dream home into a reality. Digital tools, online applications, and loan against property EMI calculator make the process more convenient than ever, ensuring a seamless home-buying experience.
