CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: Bajaj Finance, a leading name in India’s financial sector, has a streamlined financial solution for individuals seeking significant funds through its Loan Against Property (LAP). With competitive mortgage loan interest rates, flexible repayment tenures, and a seamless application process, Bajaj Finance empowers customers to unlock the value of their property to meet a wide array of financial needs.
Bajaj Finserv Loan Against Property provides an ideal solution for individuals who wish to use their property as collateral while continuing to retain ownership. Offering attractive mortgage loan interest rates, this loan can be used for various purposes such as education, medical expenses, or business investments.
Key Features of Bajaj Finserv Loan Against Property
Competitive Mortgage Loan Interest Rates: Bajaj Finance provides some of the most competitive mortgage loan interest rates in the market, ensuring that borrowers can comfortably manage their repayments.
High Loan Amounts: Bajaj Finance offers high property’s market value, ensuring that borrowers have access to substantial funds to meet their financial requirements.
Flexible Repayment Tenures: With repayment options ranging up to 15 years, borrowers can customise their EMIs to suit their financial situation, offering greater flexibility and ease in managing their repayments.
Easy Online Application Process: The application process for Bajaj Finserv Loan Against Property is simple and quick, requiring minimal documentation. Borrowers can apply online and enjoy swift approvals, ensuring quick access to funds.
Part-Prepayment and Foreclosure Options: Bajaj Finance provides the flexibility of part-prepayment and foreclosure charges, allowing borrowers to close their loan early and save on interest.
Eligibility Criteria for Bajaj Finserv Loan Against Property
Bajaj Finserv Loan Against Property is available to a wide range of borrowers. The following eligibility criteria must be met:
Nationality: Applicants must be Indian citizens residing in India, with property located in a city where Bajaj Finance operates.
Age:
Minimum age: 25 years* (18 years for non-financial property owners).
Maximum age: 85 years* (for both financial and non-financial property owners). (Age of the individual applicant/ co-applicant at the time of loan maturity.)
Higher age of co-applicant may be considered up to 95 years basis 2nd generation (legal heir) meeting age norms and to be taken as co-applicant on loan structure.
CIBIL Score: A CIBIL score of 700 or higher is ideal to increase the likelihood of loan approval.
Occupation: Salaried professionals, self-employed professionals such as doctors, and self-employed non-professionals are eligible to apply.
