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 of 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 secured business loan of up to Rs.50 lakh.
Business loan against property is based on the valuation of the property provided for a mortgage and requires no income documents.
Both self-employed and salaried individuals can avail of this secured business loan with ease against property mortgage.
Borrowers can provide up to 2 properties as collateral to avail of 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||Between 24 to 70 years* of age (*Age should be 70 years at loan maturity) .
For Non-financial property owner: 80 Years (At loan maturity)
For salaried, maximum age is up to retirement
|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 685 or above; no commercial CIBIL score required|