Overview of a Loan Against Property in Mumbai
Mumbai, a major financial hub of India, offers numerous employment opportunities. This draws people from across the country, contributing to high demand and real estate prices in the city.
If you are looking for funds for any purchases or expenses in Mumbai, consider the Bajaj Housing Finance Loan Against Property. By mortgaging your property, you can secure the funds needed for home renovations, business expansion, or debt consolidation, ensuring you have the financial flexibility to meet your needs.
Features and Benefits of a Loan Against Property in Mumbai
Bajaj Housing Finance offers Loans Against Property to salaried, professional, and self-employed applicants. Explore the features and benefits of a Loan Against Property:
Loan Amount of Rs.5 Crore*
You can get a sizeable loan amount of Rs.5 Crore* or higher, basis eligibility. Meet all your business or housing related expenses with Bajaj Housing Finance Loan Against Property.
Long Repayment Tenor
Enjoy a flexible repayment tenor that goes up to 17 years. A long tenor helps in managing your monthly expenses easily.
Disbursal within 72 hours*
We process the loan amount quickly. Get the sanctioned loan amount within 72 hours* in your account, post approval, and application verification.
Balance Transfer Facility
Opt for a Loan Against Property Balance Transfer facility with Bajaj Housing Finance and save on your interest payment. You can also enjoy a substantial Top-up Loan facility.
Fast Processing
Submit all the requested documents and receive loan approval from us within 24 hours*.
Manage Loan Online
Access our Bajaj Housing Finance customer portal and track your repayment status online anytime, anywhere.
Calculate Your Loan Against Property EMI
Repayment Schedule
Interest Rates for Loans Against Property in Mumbai
We offer Loans Against Property at attractive interest rates to salaried, professional, and self-employed individuals. For detailed information on interest rates, click here.
Documents Required for a Loan Against Property in Mumbai
We offer a Loan Against Property, also known as a mortgage loan, with minimal documentation. Submit the following to enjoy instant approval:
For Salaried Applicants
- Aadhaar Card/PAN Card or Form 60 (mandatory)
- Address proof
- Last 3 months’ salary slips
- ITR documents
- Bank account details of the last 3 months
- Documents of the property to be mortgaged
For Self-Employed Applicants
- Aadhaar Card/PAN Card or Form 60 (mandatory)
- Address proof
- Bank account details of the last 6 months
- Business vintage proof
- Documents of the property to be mortgaged
Note: This list is indicative. Additional documents may be needed during loan processing.
Eligibility Criteria for a Loan Against Property in Mumbai
Check the eligibility for a mortgage loan to avail of maximum funds without hassle.
For Salaried Applicants
- Should be an Indian citizen residing in the country
- Indian resident with the age between 23 and 60 years**
- Must be employed at an MNC/public/private firm with at least 3 years of work experience
- The location of the property to be mortgaged should be in one of the cities where we operate
For Self-Employed Applicants
- Should be an Indian citizen residing in the country
- Indian resident with the age between 23 and 70 years**
- Must have a steady income from the current business with a minimum vintage of 3 years
- The location of the property to be mortgaged should be 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.
Loan Against Property in Mumbai: Steps to Apply Online
Choose our Loan Against Property and get the funds credited to the account within 72 hours* of approval. Following are the steps to avail of a Loan Against Property in Mumbai.
- Open the online application form.
- Fill up details such as your name, mobile number, employment profile, preferred loan type, income details, PIN code and loan amount.
- Next, enter your OTP and proceed to add your financial details. Please note that the fields may differ basis your employment type.
- Click on Submit to complete the form.
Following the submission of the form, a Bajaj Housing Finance representative will contact you to walk you through the remaining steps.
*Terms and conditions apply
Yes, both salaried and self-employed applicants must provide proof of income along with the other documents required for a Loan Against Property in Mumbai.
To apply for a Loan Against Property in Mumbai, you need to meet the following eligibility criteria:
For Self-Employed Applicants:
- Must be an Indian citizen residing in the country
- Age should fall between 23 and 70 years**
- A minimum of 3 years of business vintage
For Salaried Applicants:
- Must be an Indian citizen residing in the country
- Age should fall between 23 and 60 years**
- Should have at least 3 years of employment with a public or private sector organisation or an MNC
**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.
To learn about the current interest rate for a Loan Against Property in Mumbai, click here.
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