Overview of a Loan Against Property in Raipur
Raipur, the capital of Chhattisgarh, is a major commercial hub for trade and commerce in Central India. The city is rich in mineral resources and is among the biggest producers of steel and iron in the country. With recent infrastructural developments in Raipur, real estate investments have increased.
If you have a residential or commercial property in Raipur and need funds for business or housing expenditures, you can leverage your property to avail of a loan against it. We offer Loans Against Property at competitive interest rates and flexible tenors.
Features and Benefits of a Loan Against Property in Raipur
Competitive Interest Rates
Bajaj Housing Finance offers property loans at interest rates as low as 9.40%* p.a. for self-employed borrowers.
Basic Eligibility Requirements
Our easy-to-meet property loan eligibility criteria ensures easy and quick loan approval.
Easy Documentation and Quick Approval
To process your Loan Against Property, we require minimal paperwork, which ensures quick disbursal of the loan amount.
Quick Disbursal
A Loan Against Property allows borrowers to have quick access to funds when they need them for urgent expenses. With us, a borrower can expect loan disbursal within 72 hours* of document submission and verification.
Flexible Loan Tenor
A flexible tenor stretching up to 17 years ensures manageable EMIs and comfortable repayment.
Availability of Flexi-loan Facility
We allow eligible borrowers to avail of funds as many times as they want from a pre-sanctioned loan amount and pay interest only on the borrowed amount. This helps them reduce their total interest outgo.
Calculate Your Loan Against Property EMI
Repayment Schedule
Eligibility Criteria for a Loan Against Property in Raipur
Applicants opting for a property loan from Bajaj Housing Finance should try and meet the following criteria to stand a better chance of loan approval:
Self-Employed Applicants
- The borrower must be an Indian citizen.
- The borrower must be aged between 23 and 70 years**.
- The borrower must be able to show at least 3 years of business continuity.
- Their CIBIL score should ideally be 750 or above.
- The mortgaged property should be owned by the borrower.
Salaried Applicants
- The borrower must be a citizen of India.
- The borrower must be aged between 23 and 60 years**.
- The borrower must have a minimum of 3 years of work experience in a reputed company.
- The applicant should ideally have a CIBIL score of 750 plus.
- The applicant must be the rightful owner of the property they wish to mortgage.
**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.
Documents Required for a Loan Against Property in Raipur
Here are the documents you must keep handy if you wish to avail of a Loan Against Property from Bajaj Housing Finance:
Self-Employed Applicants:
- Mandatory documents such as PAN Card or Form 60
- KYC documents such as Aadhaar Card or Voter ID Card
- Profit & Loss Statement for the last couple of years
- Income Tax Return Certificate
- Original property documents of the property used as a collateral
Salaried Applicants:
- Mandatory documents such as PAN Card or Form 60
- KYC documents such as Aadhaar Card or Voter ID Card
- Latest salary slips
- Original property documents of the property used as a collateral
Please note that this is not an exhaustive list and our team members may require additional documents for loan processing. These requirements, if any, will be communicated to you by our team.
Steps to Apply for a Loan Against Property in Raipur Online
Availing of a property loan from Bajaj Housing Finance is easy. Follow these steps to apply online:
- Navigate to our Loan Against Property application form.
- Fill in a few basic details such as your name, phone number, employment type, PIN code, and the required loan amount.
- Click on 'Generate OTP'.
- Fill in the required details related to your property and finances.
- Click on 'Submit'.
Yes, you can secure sizeable funds at a competitive rate with a Loan Against Property in Raipur from Bajaj Housing Finance.
Here is a list of documents*** required to apply for a Loan Against Property in Raipur:
Self-Employed Applicants:
- Mandatory documents (PAN Card or Form 60)
- KYC documents (Aadhaar Card or Voter ID Card)
- Profit & Loss Statement for the last couple of years
- Income Tax Return Certificate
- Original property documents of the property used as a collateral
Salaried Applicants:
- Mandatory documents such as PAN Card or Form 60
- KYC documents such as an Aadhaar Card or Voter ID Card
- Latest salary slips
- Original property documents of the property used as a collateral
***This list is indicative.
