Loan Against Property in Aurangabad: Overview
Aurangabad has witnessed a surge in infrastructure development, with notable projects including the expansion of road networks and improvements in public transportation. These initiatives aim to enhance connectivity and foster economic growth, contributing to the city's overall development and prosperity. Aurangabad has been named as a smart city and many people look forward to investing in the city’s real estate sector.
Loans Against Property draw low interest rates and therefore, have become a preferred means of arranging funds. If you are looking to avail of a Loan Against Property, consider opting for Bajaj Housing Finance.
Loan Against Property in Aurangabad: Features and Benefits
Minimal Documentation Requirements
The Bajaj Housing Finance Loan Against Property requires basic documentation, ensuring a simpler application process with quick approval and disbursal.
Sizeable Loan Amount
A Loan Against Property from Bajaj Housing Finance allows you to benefit from a substantial loan. One can avail of a sanction of Rs.5 Crore* or higher, basis eligibility.
Easy-to-Meet Eligibility Criteria
The eligibility criteria for a Loan Against Property are basic, making it easier for prospective borrowers to secure funding when needed.
Flexible End-use
Funds sanctioned as part of a Loan Against Property can be used for business or housing expenses, as well as debt consolidation.
Competitive Interest Rates
We offer loans at interest rates starting as low as 10.10%* p.a. for salaried applicants, basis eligibility. With competitive rates, your cost of borrowing remains in check.
Longer Loan Tenor
We offer property loans with a repayment tenor of up to 17 years. Borrowers, thus, have the choice to opt for a tenor that best suits their repayment capacity.
Loan Against Property in Aurangabad: Interest Rate, Fees, and Charges
Bajaj Housing Finance offers competitive interest rates on property loans, starting from 10.10%* p.a. to salaried applicants, basis eligibility. Along with our nominal processing fee of up to 4% of the loan amount + GST as applicable, the total cost of borrowing is kept minimal and reasonable. To know more about our fees and charges, please click here.
Loan Against Property in Aurangabad: Eligibility Criteria
Self-Employed Applicants:
- Should be an Indian resident
- Should be aged between 25 and 70 years**
- Should show a minimum of 5 years of business continuity
- Should ideally have a CIBIL score of 750+
Salaried Applicants:
Should be an Indian resident
- Should be aged between 28 and 60 years**
- Should have a minimum employment experience of 3 year
- Should ideally have a CIBIL score of 750+
**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.
Loan Against Property in Aurangabad: Documents Required
Self-Employed Applicants:
- PAN Card/Form 60 (mandatory)
- Aadhaar Card or Voter’s ID Card
- P&L Statement
- ITR Certificate
- Original property documents
Salaried Applicants:
- PAN Card/Form 60 (mandatory)
- Aadhaar Card or Voter’s ID Card
- Last 3 months’ salary slips
- Original property documents
Note: The list is only indicative and you may be asked to provide additional documents at the time of loan processing and verification.
*Terms and conditions apply.
