Meeting your business’s immediate and medium-term funding needs is now convenient with a business loan against property. Get high-value loans of up to Rs. 50 lakh to fulfil diverse funding needs related to your business.
Avail the self-employed loan to fund restocking inventory, office renovation, expansion of existing operations, working capital requirements, etc.
Business Loan Against Property: Features and Benefits
Fulfil immediate funding needs with a hassle-free and easy business loan against property of up to Rs. 50 lakh.
Business loan against property is based on the valuation of the property provided for mortgage and requires no income documents.
Both self-employed and salaried individuals can avail this loan with ease against property mortgage.
Borrowers can provide up to 2 properties as collateral to avail the loan.
Transfer your existing loan balance to Bajaj Finance Ltd. and repay the loan at a lower interest rate.
To avail the business loan against property, fulfil the below eligibility requirements-
|Eligibility Parameter||Eligibility Criteria|
|Age||For self-employed – Between 25 and 70 years
For salaried – Between 25 and 60 years, or up to retirement (whichever is earlier)
|Minimum income||Minimum monthly earning of Rs. 24,000 for salaried applicants.|
|Residence||Borrowers must stay in their current residence for at least 12 months.|
|CIBIL score||Personal CIBIL score of 750 or above; no commercial CIBIL score required|