Loan Against Property in Hyderabad: Overview
The Telangana state capital, Hyderabad, is a major commercial centre in Southern India. It is home to a rapidly expanding IT sector and many reputed educational institutes. To keep up with the rising costs of living and real estate, Loans Against Property have become a popular choice for the city’s residents.
The Loan Against Property application process is not as daunting as you may think. You just need the right information on how to get a mortgage loan. Luckily, we’ve got you covered. Through this page, you will learn everything there is to know about seeking a Loan Against Property.
Loan Against Property in Hyderabad: Features and Benefits
Sizeable Loan Amount
Bajaj Housing Finance lets you access a sizeable loan sum at a competitive Loan Against Property interest rate. To salaried and professional individuals, we offer loans worth Rs.5 Crore* or higher, basis eligibility.
Flexible Tenor
Whether you are a salaried, a self-employed or a professional applicant, you can choose the tenor that suits you. Bajaj Housing Finance offers up to 17 years to repay your Loan Against Property comfortably, at your own pace.
Easy Balance Transfer
If you have an existing Loan Against Property with a different lender, consider transferring your loan balance to Bajaj Housing Finance for more competitive lending terms, basis eligibility.
Minimal Documentation
You don’t need much documentation to access Loans Against Property from Bajaj Housing Finance. Our documentation requirements are minimal and direct.
Loan Against Property in Hyderabad: Documents Required
You need the following documents to avail of a Loan Against Property in Hyderabad:
For Self-Employed Applicants:
- Mandatory documents such as PAN card or Form 60
- KYC documents such as Aadhar Card, or Voter’s ID Card
- Financials such as P&L statement
- Latest ITR filing
- Property documents for verification
For Salaried Applicants:
- Mandatory documents such as PAN card or Form 60
- KYC documents such as Aadhar Card, or Voter’s ID Card
- Last 3 months’ salary slips to establish a steady flow of income
- Property documents for verification
Note: This list is indicative. Additional documents may be needed during loan processing.
Loan Against Property in Hyderabad: Eligibility Criteria
The eligibility criteria for Loans Against Property differs from lender to lender. Bajaj Housing Finance takes into account the following parameters while determining the eligibility for self-employed and salaried applicants:
For Self-Employed Applicants:
- Ideal CIBIL score should be 750 or higher
- Should be an Indian citizen residing in the country
- Age should be between 25 to 70 years**
- Establish a minimum of 5 years of business continuity
For Salaried Applicants:
- Ideal CIBIL score should be 750 or higher
- Should be an Indian citizen residing in the country
- Age should be between 28 to 60 years**
- Employed with a public or a private sector office or an MNC
** The maximum age is considered as the 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 Hyderabad: How to Apply
Apply for a Loan Against Property by walking into any Bajaj Housing Finance branch and making an application. You can also choose to apply online for a faster loan processing experience. Simply fill the Loan Against Property application form by filling in all the requested details. Our representative will then connect with you for further processing of the loan application.
*Terms and conditions apply
