Overview of a Loan Against Property in Bhopal
Bhopal is the capital of Madhya Pradesh and, due to its diverse cultural background, the real estate market has grown exponentially over the years. It is also renowned for its environmentally conscious infrastructure.
Bajaj Housing Finance offers Loans Against Property at competitive interest rates, allowing you to leverage your property to meet financial requirements.
Features and Benefits of a Loan Against Property in Bhopal
Attractive Interest Rates
Bajaj Housing Finance offers competitive interest rates on Loans Against Property, starting as low as 9.40%* p.a. for salaried individuals, basis eligibility.
Sizeable Loan Amount
A Loan Against Property can be used to fund any big-ticket expense that you may have, such as debt consolidation, business expansion plans, or housing requirements.
Flexible Tenure
With Bajaj Housing Finance, you can choose a long-term tenure of up to 17 years to help you repay the loan comfortably, without compromising your other financial goals and commitments.
Speedy Disbursement
We aim to disburse the sanctioned loan amount to your bank account in as little as 72 hours*, following documentation, verification, and loan approval.
Digital Monitoring
Our commitment to ensuring an easy borrowing experience continues even after disbursal. Enjoy easy access to all your loan accounts and information through the Bajaj Housing Finance Customer Portal.
Calculate Your Loan Against Property EMI
Repayment Schedule
Documents Required for a Loan Against Property in Bhopal
When applying for a Loan Against Property, you must provide certain documents. Our documentation requirements for a property loan are simple. The following documents are required for both salaried and self-employed individuals:
Salaried Individuals
- Mandatory documents: PAN Card or Form 60
- Identification Proof: Aadhaar Card, Voter ID, Passport, and Driving License
- Income Proof: Latest salary slips, banking statements for the past 3 months, and Income Tax Returns
- Employment Proof: Company identification card and appointment documentation
- Property documents: Photocopy of the documents of the property you are looking to mortgage, such as Title Deed
Self-Employed Individuals
- Mandatory documents: PAN Card or Form 60
- Identification Proof: Aadhaar Card, Voter ID, Passport, and Driving License
- Income Proof: Company banking account statements for the past 3 months, Income Tax Returns, Balance Sheet, and Profit and Loss Statements
- Employment Proof: Document of business ownership, Partnership Deed, and Registration Certificate
- Property documents: Photocopy of the documents of the property you are looking to mortgage, such as Title Deed
The list is only indicative and you may be asked to provide additional documents required for a Loan Against Property as and when needed.
Eligibility Criteria for a Loan Against Property in Bhopal
To apply for a Loan Against Property in Bhopal, you need to meet the following eligibility criteria:
For Salaried Applicants
- Should be an Indian resident aged between 23 and 60 years**
- Should be employed with an MNC, public sector, or private company with a minimum work experience of 3 years
- The mortgaged property should be located in one of the cities where we operate
For Self-Employed Applicants
- Must be an Indian resident aged between 23 and 70 years**
- Should have a steady income from an established business with a minimum vintage of 3 years
- The mortgaged property should be located in one of the cities where we operate
**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.
Interest Rates for Loans Against Property in Bhopal
Bajaj Housing Finance offers competitive Loan Against Property rates to eligible salaried, professional, and self-employed individuals. To learn more about our fees and charges, click here.
Steps to Apply for a Loan Against Property in Bhopal Online
Applying for a Loan Against Property is a simple and straightforward process:
- Visit the loan application form on the official website.
- Fill the required details such as name, contact details, employment type, net salary income, type of loan, and the required loan amount.
- Proceed to generate OTP and enter it.
- Enter property and finance-related details.
- Submit the loan application form.
Following the submission of the loan application form, a representative from Bajaj Housing Finance will contact you within 24 hours* to walk you through the next steps. It is recommended that you keep all necessary documents handy to expedite your loan processing.
*Terms and conditions apply.
You can apply for a Loan Against Property in Bhopal with us through our online application form or by visiting our nearest branch.
You need to submit the following documents*** to apply for a Loan Against Property in Bhopal:
- Aadhaar Card, Voter ID, PAN Card, or Form 60 (mandatory)
- Address proof
- Salary slips for the past 3 months, Income Tax Return (ITR) documents, and Bank statements for the last 3 months (for salaried applicants)
- Bank statements for the past 6 months and Business vintage proof (for self-employed applicants)
- Documents related to the property being mortgaged
***The list of documents is indicative.
Our easy-to-meet eligibility criteria to apply for a Loan Against Property in Bhopal are:
For Self-Employed Applicants
- Should be an Indian resident aged between 23 and 70 years**
- Must have a consistent income from the current business with at least 3 years of vintage
- The property to be mortgaged should be situated in one of the cities where we have operations
For Salaried Applicants
- Must be an Indian resident aged between 23 and 60 years**
- Should be employed with an MNC, public sector, or private company with a minimum experience of 3 years
- The mortgaged property should be located in one of the cities where we operate
**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.
