Loan Against Property in Hyderabad

As a major commercial centre in South India, Hyderabad (Telangana’s capital) is a place many people love to live in. This is why mortgage loans in Hyderabad are a hot topic among residents. Whether you’re self-employed, work in an IT firm, in manufacturing, or any other industry, you should learn about mortgage loans in Hyderabad.

The mortgage loan process in Hyderabad is not as daunting as you might be thinking. You just need the right information on how to get a mortgage loan in this beautiful city. Luckily, we’ve got you covered. Through this article, you will learn everything there is to know about mortgage loans in Hyderabad:

• 

  Minimal Documentation

  You don’t need much documentation to access mortgage loans in Hyderabad. The list of documents to submit is pretty basic. The bank or financial institution just needs to ascertain that you have a legitimate means of paying back and then, the loan is approved in about 72 hours.

• 

  You Choose Your Tenor

  Whether you’re on a salary or self-employed, you can choose the tenor that suits you. Salaried individuals can choose from 2-20 years while self-employed individuals get 18 years maximum.

• 

  Balance Transfer

  Do you have an existing loan with a credit facility? You can transfer your loan against property from any part of India to any credit facility in Hyderabad to fully maximize your mortgage loan.

• 

  Affordable High Value Loans

  Bajaj Housing Finance Limited lets you access high-value loans of large amounts at an affordable loan against property interest rate. For salaried individuals, we offer loans up to Rs.1 crore, while self-employed persons can avail of loans up to Rs. 3.5 crore.

Here, below, are the documents you need to get a loan against property in Hyderabad.

For Self Employed Individuals:

• Application form with photograph
• Aadhaar card, voter’s ID Card, pan card, or any other proof of residence
• Proof of education
• Business license and business profile
• Income tax return for last 3 years
• Income statement and balance sheet for last 3 years
• Bank statements for the last 3 months

Salaried Individuals:

• Application form with photograph
• Aadhaar card, voter’s ID card, pan card, or any other proof of residence 
• Latest payslips
• Form 16
• Last 6 months’ bank statement
• Processing fee demand draft