Overview of a Loan Against Property in Chandigarh
Chandigarh is the capital city of Haryana and Punjab and is one of India's first planned cities. Over the years, infrastructure has expanded to include modern amenities, IT parks, and improved transportation systems, supporting its growth as a hub for education and technology. These robust infrastructural developments have led to an increase in the property value in the city. If you are planning to leverage your assets for housing or business expenditures, consider applying for a Loan Against Property from Bajaj Housing Finance.
Features and Benefits of a Loan Against Property in Chandigarh
Low Interest Rates
Bajaj Housing Finance offers competitive interest rates for a Loan Against Property for both salaried and self-employed individuals.
Higher Sanctions
With Bajaj Housing Finance, you stand to receive sizeable amounts as high as Rs.5 Crore* or higher, basis eligibility.
Flexibility in Fund Usage
The funds that you receive from a Loan Against Property can be used to meet your big-ticket expenses such as home renovation, business expansion, or debt consolidation.
Disbursal in 72 hours*
With Bajaj Housing Finance, you can expect your property loan to be disbursed into your loan account within 72 hours* of submitting your documents.
Calculate Your Loan Against Property EMI
Repayment Schedule
Documents Required for a Loan Against Property in Chandigarh
Our Loans Against Property require minimal documentation, making the entire application process easy and efficient. Keep the following documents handy:
- KYC documents such as PAN Card or Form 60 (mandatory), Aadhaar Card, or Passport
- Address proof such as Utility Bills and Property Tax Receipts
- Income proof such as salary slips (for salaried applicants)
- Company related documents such as company profile, incorporation certificate, and memorandum of association (for self-employed applicants)
- Banking statements for the past 3 months
- Income Tax Returns
- Documents related to the property that you are planning to mortgage such as Title Deed
Note: Additional documents may be requested at the time of loan processing.
Interest Rates for Loans Against Property in Chandigarh
Bajaj Housing Finance offers attractive interest rates for both salaried and professional individuals, starting at 9.40%* p.a. This benefit is accompanied by long-term tenures, flexible repayment options, and quick disbursal within 72 hours* of document submission.
Eligibility Criteria for a Loan Against Property in Chandigarh
Here are the eligibility criteria you need to meet when applying for a Loan Against Property in Chandigarh:
A self-employed applicant should be:
- An Indian resident aged between 23 and 70 years**
- Demonstrate a stable income from a business with a business vintage of at least 3 years
- The owner of the mortgaged property situated in one of the cities where we operate
A salaried individual should be:
- An Indian resident aged between 23 and 60 years**
- Employed in an MNC, public sector, or private company with a minimum of 3 years of work experience
- The rightful owner of the mortgaged property 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.
Steps to Apply for a Loan Against Property in Chandigarh Online
The process of applying for a Loan Against Property with Bajaj Housing Finance is simple. Follow the steps given below to apply online:
Step 1: Visit the Loan Against Property application form.
Step 2: Enter the required details such as:
- Full name
- Contact details
- Employment type
- Net Monthly income or salary
- PIN code
- Required loan amount
Step 3: Generate the OTP and enter it.
Step 4: Complete the rest of the application form.
Step 5: Submit the application form.
Upon submitting these details, a customer representative from Bajaj Housing Finance will get in touch with you within 24 hours* for further processing and documentation.
*Term and conditions apply.
The eligibility criteria to apply for a Loan Against Property in Chandigarh are:
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 at least 3 years of work experience
- The property to be mortgaged 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.
Borrowers need to submit the following documents when applying for a Loan Against Property in Chandigarh:
For Salaried Applicants
- KYC Documents: Aadhaar Card, Voter ID, PAN Card, or Form 60 (mandatory)
- Address Proof: Utility Bills
- Income Proof: Salary slips for the last 3 months, Income Tax Return (ITR) documents, and bank statements for the past 3 months
- Property Documents: Papers related to the property being mortgaged
For Self-Employed Applicants
- KYC Documents: Aadhaar Card or Voter ID
- Mandatory Documents: PAN Card or Form 60
- Address Proof: Utility Bills
- Income Proof: Bank statements for the past 6 months
- Business Proof: Evidence of business vintage
- Property Documents: Papers related to the property being mortgaged
Note that this is an indicative list of documents.
