Loans against property are secured financing options lenders provide by keeping a property as security. Different lenders list down various mortgage property types that classify as collateral to avail this loan.
Although the mortgage requirements vary between lenders, a few general property types classify as a mortgage for majority of lenders. Bajaj Finserv also provides you Loan Against Property on a mortgage of these possession types.
i. Residential Property
ii. Commercial Property
iii. Property With Multiple Owners
A property with multiple owners is also usable as a mortgage to avail this credit. However, the ownership must be shared among family members with the following relations.
Both self-employed and salaried individuals can apply for a property loan and enjoy credits tailor-made for their specific needs.
Additional Read: Can you sell your Property under Debt
Hassle-free application procedure and loan disbursal within four days of approval offered by Bajaj Finserv makes it one of the fastest Property Loans. Fill up the online form to apply for this loan in a few minutes.