Overview of a Loan Against Property in Vijayawada
Vijayawada is a renowned temple town in Andhra Pradesh. It is a prominent centre for educational institutions, attracting students from across the nation who wish to pursue their studies here. The city has also been recognised for its cleanliness and energy conservation efforts, securing national awards. Various infrastructural projects aimed at enhancing connectivity, alongside the development of commercial and industrial hubs, are drawing in investments, generating employment, and boosting economic growth.
Seek a Loan Against Property in Vijayawada from Bajaj Housing Finance by mortgaging your property to secure a sizeable amount. You can use the loan amount to either fund home renovation or business expansion.
Features and Benefits of a Loan Against Property in Vijayawada
Instant Disbursal
Once your Loan Against Property is approved and your documents are verified, you may expect the sanctioned amount to be disbursed into your account within 72 hours*.
Sizeable Loan Amount
You can secure a substantial loan amount of Rs.5 Crore* or higher, basis your eligibility and the value of the property you wish to mortgage.
End-Use Flexibility
The loan amount can be utilised for various financial requirements, such as debt consolidation, home renovation, and business expansion.
Easy Document Pick-up
We provide prompt doorstep document pick-up services to make the second leg of your Loan Against Property application smoother and more comfortable for you.
Convenient Repayment Options
A Loan Against Property is a long-term commitment and therefore, we provide repayment flexibility. You can repay the loan comfortably over a repayment tenor of up to 17 years.
Balance Transfer and Top-up Benefits
Enjoy a reduced interest rate by transferring your existing Loan Against Property to us and save on your EMIs. You can also benefit from a sizeable Top-up Loan to fund your housing expenses.
Calculate Your Loan Against Property EMI
Repayment Schedule
Documents Required for a Loan Against Property in Vijayawada
To apply for a Bajaj Housing Finance Loan Against Property, you will need to provide the following documents:
| Documents Required | Salaried Applicants | Self-Employed Applicants |
|---|---|---|
| KYC Documents | Aadhaar Card, Voter ID, Passport, Driving License, Utility Bills, etc. | Aadhaar Card, Voter ID, Passport, Driving License, Utility Bills, etc. |
| Employment Proof | Valid identity card provided by the existing employer | Valid document of current business ownership, such as Partnership Agreements and Registration Certificates, among others |
| Mandatory Documents | PAN Card or Form 60 | PAN Card or Form 60 |
| Income Proof |
|
|
Note: Additional documents may be required at the time of loan processing.
Eligibility Criteria for a Loan Against Property in Vijayawada
The Bajaj Housing Finance Loan Against Property eligibility parameters are easy-to-meet and fulfil:
- Applicants must be residing citizens of India
- Applicants should ideally have a CIBIL score of 750 or higher
- Salaried applicants must be between 23 and 60 years** of age
- Self-employed applicants must be between 23 and 70 years** of age
- Salaried applicants must be employed with a public, private or a multinational organisation with a minimum work experience of 3 years
- Self-employed applicants must be able to establish a minimum of 3 years of business continuity in their existing business
**The upper age limit 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.
You can use our Loan Against Property Eligibility Calculator to estimate the loan amount you can be eligible for.
Steps to Apply for a Loan Against Property Online in Vijayawada
With Bajaj Housing Finance, the process to apply for a Loan Against Property is easy. Follow the mentioned steps to finish your application process:
- Visit the application form and provide your personal, employment, and contact details.
- Select the loan type and enter your monthly income details.
- Enter the PIN code and the required loan amount.
- Generate OTP and enter it in the respective field.
- Enter financial details and property-related information.
- Submit the application form.
After you submit the form, a Bajaj Housing Finance representative will get in touch with you to walk you through the rest of the process, including documentation, shortly. You can submit all the necessary documents by opting for the doorstep document pick-up service for speedy approval.
*Terms and conditions apply.
If you are planning to avail of a Loan Against Property in Vijayawada, you can consider applying with Bajaj Housing Finance as we offer quick disbursal and end-use flexibility.
Here is a list of documents*** required to apply for a Loan against Property in Vijayawada:
For Self-Employed Applicants:
- Mandatory documents (PAN Card or Form 60)
- KYC documents (Aadhaar Card or Voter’s ID Card)
- 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 Aadhaar Card, or Voter’s ID Card
- Last 3 months’ salary slips to establish a steady flow of income
- Property documents for verification
***This list is indicative and additional documents may be requested.
Related Articles
Loan Against Property for Start-ups
356 5 min
All You Need to Know About LTV Ratio
376 3 min
Loan Against Property for Doctors
342 9 min
