How to Get a Loan Against Property?
The Bajaj Housing Finance Loan Against Property is a versatile mortgage loan that can help you meet a variety of expenses, such as business expansion, home renovation or debt consolidation. One of its most significant features is the flexible use of its loan sanction.
To seek a Loan Against Property, you will need to pledge an immovable asset (a property you own) as a collateral. You can gain access to funding worth Rs.5 Crore* or even higher, basis eligibility, for an extended repayment tenor.
Eligibility Criteria
Our Loan Against Property eligibility criteria are easy to meet. Given below are some of the criteria one should meet, basis their employment type:
For Self-Employed Applicants:
- Applicants should ideally have a CIBIL score of 750 or higher
- Should be a residing citizen of India
- Should be between 25 and 70 years** of age
- Should prove a minimum of 5 years of business continuity
For Salaried Applicants:
- Applicants should ideally have a CIBIL score of 750 or higher
- Should be a residing citizen of India
- Should be between 28 and 60 years** of age
- Should be employed with a public, private or a multinational organization with at least 3 years of experience
**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.
Documents Required
We require minimal documentation to process your Loan Against Property. Keep the following documents handy to ensure speedy verification and disbursal:
For Self-Employed Applicants:
- PAN Card or Form 60 (mandatory), Aadhaar Card or Voter’s ID Card
- P&L statement
- Latest ITR
- Property documents
For Salaried Applicants:
- PAN Card or Form 60 (mandatory), Aadhaar Card or Voter’s ID Card
- Last 3 months’ salary slips
- Property documents
Note: This list is indicative. Additional documents may be needed during loan processing.
Steps by Step Guide to apply for a Loan Against Property
The steps to apply for a Loan Against Property are simple and the application journey is time-efficient and hassle-free. Follow the steps to complete your application successfully:
- Visit the Loan Against Property application form hosted on the official website
- Select your ‘Employment Type’ and ‘Loan Type’
- Enter your name, date of birth, mobile number, PIN code, PAN, monthly salary (for salaried and professional applicants), annual turnover (specific to self-employed applicants) and property location
- Submit the form and complete the Loan Against Property application journey
Our representative will call you within 24 hours* and walk you through the documentation.
Calculate Your Loan Against Property EMI
Repayment schedule
All Loan Against Property Calculators
Connect with Our Customer Care Support
Whether you are an existing Loan Against Property borrower with us or an aspiring one, you may have queries and questions regarding the product and our offerings. All customers and non-customers are encouraged to connect with us through the following modes:
- Contact Number: 022 4529 7300
- Email Address:bhflwecare@bajajfinserv.in
*Terms and conditions apply
