Onam, the grand harvest festival of Kerala, is a time of joy, family gatherings, and vibrant celebrations. From decorating homes with pookalams (floral carpets) to hosting sumptuous sadya (feast), every aspect of the festival reflects abundance and togetherness. However, such celebrations often come with financial responsibilities. If you are looking for a way to make your Onam celebrations truly memorable without worrying about funds, Bajaj Finserv Loan Against Property offers the perfect solution. With festive mortgage loan offers tailored for Onam, you can unlock high-value funds effortlessly and enjoy flexible repayment options. Read on to discover how Bajaj Finserv Loan Against Property can help you celebrate Onam stress-free.
Mortgage loan offers for Onam
A mortgage loan is a secured loan where a borrower pledges real estate, such as a house, land, or commercial property, as collateral to obtain funds from a lender. It is commonly used for purchasing property, renovating a home, or meeting large financial needs. The loan amount depends on the property’s market value, borrower’s income, and repayment capacity. Festive mortgage loan offers are designed to provide financial support during festivals like Onam. These loans allow you to leverage the value of your property to access high-value funds, which can be used for various purposes such as home renovation, purchasing new furniture, or even hosting family gatherings. Bajaj Finserv Loan Against Property stands out with its quick disbursal, competitive interest rates, and flexible repayment options, making it an ideal choice for your Onam financial needs.
Need funds right away? Get funds up to Rs. 10.50 crore based on your mortgaged property within 72 hours* of approval.
Why choose a mortgage loan during Onam festival?
Opting for a mortgage loan during Onam offers several advantages that can help you celebrate the festival without financial stress. Here is why it is a smart choice:
- Access high-value funds: Get up to Rs. 10.50 crore based on your property’s market value.
- Flexible repayment tenure: Choose a repayment period of up to 15 years.
- Competitive interest rates: Enjoy interest rates starting from 9% p.a., ensuring affordability.
- Hassle-free application process: Minimal documentation and a straightforward application process make it easy to apply.
Enjoy lower EMIs starting from Rs. 750/lakh and longer repayment tenures to celebrate Onam without financial stress.
Whether you want to renovate your home, buy new appliances, or fund a family celebration, a mortgage loan ensures you have the financial freedom to make your plans a reality.
Eligibility criteria and documents required for mortgage loan
Anyone can apply for our loan against property as long as they meet the criteria mentioned below.
Eligibility criteria
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.
Documents required
- Proof of identity/ residence - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
- If your current address is not the same as the OVD document provided, please share any of the listed DOVD documents. Click here to view the documents.
- Proof of income
- Property-related documents
- Proof of business (for self-employed applicants), and
- Account statements for the last 6 months
How to apply for mortgage loan?
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.
Benefits of choosing a mortgage loan during festive offers
Here are the key benefits of opting for a Bajaj Finserv Loan Against Property during Onam:
- Large funds: Use the funds for home renovation, travel, weddings, or any other purpose.
- Flexible repayment options: Start with interest-only EMIs and pay the principal later.
- Quick disbursal: Get funds within 72 hours* of approval.
- Simple eligibility and minimal documentation: Hassle-free application process ensures quick approval.
Conclusion
Onam is a time to celebrate with your loved ones, and financial constraints should not hold you back. Bajaj Finserv Loan Against Property offers the perfect festive financial solution with high-value funds, flexible repayment options, and quick disbursal. Whether you are planning to renovate your home, host a grand feast, or simply make the celebrations extra special, a mortgage loan ensures you have the financial freedom to do so.
*Terms and conditions apply.
