What is the application process for a loan against property?
2 min
A loan against property is a secured loan with no restrictions on usage. It has a high loan-to-value ratio and a long repayment tenor. Once you fully repay the loan, you regain access to property documents that you pledge as collateral during the application process.
Steps to apply loan against property
To apply for a Bajaj Finserv Limited Loan Against Property, follow these steps:
- Apply for a loan against property through an online form
- Enter personal and property details
- Provide income details for the best offer
Once you submit these details, our relationship manager will call and take you through the remaining application steps.
Benefits of Loan Against property fom Bajaj Finserv
Apart from the easy application, Bajaj Finserv Limited offers other benefits with this loan.
- Comfortable tenor: Salaried and Self-employed individuals can enjoy a flexible repayment tenor of up to 15 years
- High loan amount: You can avail of loan up to Rs. 10.50 crore* at a lower interest rate.
- Doorstep paperwork pickup: The required loan against property documents is basic, and you can request an executive to collect them from your home
- Easy eligibility criteria: If you are salaried, your age must be between 25 years to 85 years (including non-financial property owners) or less at the time of loan maturity, whereas if you are self-employed, your age must be between 25 years to 85 years (18 years for non-financial property owners). Additionally, you must have a steady income and own a property in a specified location.
- Flexi privilege: Through our Flexi facility, borrow multiple times from the sanctioned limit and pay interest only on the utilized amount. Also, pay with interest-only EMIs for the initial part of the tenor.
Disclaimer: Upper age limit is considered at the time of loan maturity
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