Loan Against Property in Ahmedabad: Overview
Ahmedabad is a Tier-1 city situated in Gujarat and is famous for its ports and trading routes. Known for its textile industry and architectural landmarks, it is also a hub of education and entrepreneurship, with renowned institutions and a thriving startup ecosystem. If you need funds for your business expansion, opt for a Loan Against Property with Bajaj Housing Finance.
A Loan Against Property is one of the most viable methods of securing a sizeable amount of finance to tackle any big-ticket expenses. We offer a loan amount of Rs.5 Crore* or higher, basis eligibility, at competitive interest rates and long-term tenors that last up to 17 years.
Loan Against Property in Ahmedabad: Features and Benefits
Competitive Interest Rates
We offer Loans Against Property at competitive interest rates to both salaried and self-employed individuals, basis eligibility.
Higher Sanction Amounts
Based on your eligibility and the market value of your property, the amount sanctioned for a Loan Against Property can be as high as Rs.5 Crore*, or even higher.
Quick Disbursement
The loan amount is disbursed into your loan account within 72 hours* after the necessary documentation and verification processes are completed. This is ideal when you are looking to gather funds in case of an emergency.
Flexibility in Fund Use
The funds that you avail of from a Loan Against Property can be used for various purposes such as to meet your housing or business-related expenses. Additionally, you can use these funds for debt consolidation.
Long Term Tenor
Our flexible repayment tenor that lasts up to 17 years ensures comfortable repayment and manageable EMIs.
Loan Against Property in Ahmedabad: Interest Rates
Bajaj Housing Finance offers competitive interest rates to salaried and self-employed individuals; the interest rate on LAP begins at 9.75%* p.a., for self-employed applicants. To learn more about Loan Against Property interest rates, click here.
Loan Against Property in Ahmedabad: Documents Required
Bajaj Housing Finance requires minimal documentation, allowing the borrower to avoid the hassle of gathering numerous documents. Having the following documents on hand will streamline your loan process and assist in getting your loan application approved quickly.
Salaried Employee:
Identification Proof:
- PAN Card or Form 60 (mandatory)
- Aadhaar Card
- Passport
- Driving License
- Voter ID
Address Proof:
- Property Tax receipt
- Utility bills such as electricity, water, or gas bill
Income Proof:
- Latest salary slips
- Banking statements for the past 6 months
- Form 16
- Income tax returns
Employment Proof:
- Company ID card
- Employment certificate
Property Documents:
- A photocopy of the documents of the property you are looking to mortgage
- Sale Deed
- Title Deed
- Registration Certificate
Self-Employed Individual:
Identification Proof:
- PAN Card or Form 60 (mandatory)
- Aadhaar Card
- Passport
- Driving License
- Voter ID
Address Proof:
- Property Tax Receipt
- Utility bills such as electricity, water, or gas bill
Employment proof:
- Company profile
- Partnership Deed
- Registration Certificate
Income Proof:
- Company banking statements for the past 6 months
- Income Tax Returns
- Profit and Loss Statements
- Balance Sheet
Property Documents:
- A photocopy of the documents of the property you are looking to mortgage
- Sale Deed
- Title Deed
- Registration Certificate
Note: This list is indicative, and you may be asked to provide additional documents required for a loan against property as and when needed.
Loan Against Property in Ahmedabad: Eligibility Criteria
To avail of a Loan Against Property from Bajaj Housing Finance, you need to meet the following eligibility criteria:
- You must be an Indian resident.
- The property should be in any of the locations where we operate.
- Your age should be between 28 to 60 years** if you are a salaried applicant and between 25 and 70 years** if you are a self-employed applicant.
- A salaried employee must either be working at an MNC, a public or private company.
- A CIBIL score higher than 750 is ideal for approval.
- **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.
*Terms and conditions apply.
