What is the Loan Against Property Repayment Tenor?

Loans help us address difficult financial needs that can surprise us when we least expect it. It could fund a wedding, pay off heavy medical bills or address any last minute, big ticket expenses. A mortgage loan allows you to access a high loan amount so that you can cover such expenses, without putting any restrictions on how you choose to spend it.

Before taking one, you should consider the mortgage loan tenor. If you take a loan against property, your major concern besides the EMIs and the loan against property interest rate should be the maximum tenor offered for your loan against property.

Your lender expects you to repay the loan within the agreed period. Failure to comply results in the forfeiture of your property. In this article, you’ll learn about the loan against property repayment tenor offered by Bajaj Housing Finance and what it means for your loan.

The loan against the property tenor is the duration of your loan. You must satisfy the eligibility requirements to qualify for the maximum tenor, which is 18 years, under loan against property offered by Bajaj Housing Finance. Certain factors also play a major role in determining the tenor that you get. Knowing these factors enables you to know the exact tenor that lenders are likely to approve for you.

Factors that Affect the Loan Against Property Tenor

Below is a list of the factors that we consider before approving a loan against a property tenor: 

  • Your desired loan amount
  • The value of the EMIs
  • Your age
  • Your credit score and credit history
  • Ongoing loans, if any
  • Occupational status

Take a Loan Against Property Today

You can now utilise your property to avail of a huge loan amount from Bajaj Housing Finance, with zero hassles. We are a customer-friendly housing finance company offering incredible loan deals designed to give you the most competitive deal based on your eligibility.

Some of the benefits you’ll enjoy from our loan against property offers include tax benefits, reduced interest rates, quick processing, and much more. To join the league of those benefiting from our amazing loan against property offers, click here to apply today.