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Bajaj Finserv Loan Against Property
Among India's top private banks, Bajaj Finserv provides loans secured by either residential or commercial property. The Bajaj Finserv loan against property allows customers to take out up to 60% of the appraised value of the asset they are financing. Bajaj Finserv offers several repayment alternatives and reasonable interest rates with its customizable lending solutions. With the fact that approvals are completed in only three days, a Bajaj Finserv loan secured by the property you own may be the ideal option for all of your monetary needs. The loan procedure is swift and simple, and door-to-door services are available.
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Bajaj Finserv Loan Against Property
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Bajaj Finserv Loan Against PropertyHere are a few factors
| Location | PAN India |
| CIBIL Score | 700+ |
| Applicant | Any Salaried or Self Employed Professional |
| Applicant Age | Salaried-23
Year to 62 Year Self Employed Professional -22 Year to 70 Year |
| Loan Amount & Tenure | 20
Lac to 25 Cr (5 Year to 15 Year) |
| Login Fees | Nil |
| Rate of Interest & Type | Salaried:8.80%
to 10% Self Employed Professional: 8.90% to 10% |
| TAT | Salaried-2 Days, Self Employed Professional-3 days |
| Processing Fees | 0.50% to 1 % |
| Foreclosure Charges | Upto 4% |
| Insurance | Insurance Charges:0%-2% |
| Minimum Business Vintage | 3 Year for Self Employed Professional |
| Lock In Period | 12 Month |
| Part Payment Allowed | Yes |
| LTV | (i) Residential-90% (ii) Commercial-90% |
| Product | (i) Fresh Loan (ii) BT+Topup (iii) Commercial & Purchase |
| Program | Banking
Program-5 Cr GST Program-2 Cr Income Program-25 Cr Gross Receipts (for CA, Doctors)-3 Cr |
| FOIR | If Annual Income<6 Lac-60%, 6lac-10 Lac-65%, 10lac-15 lac-70%, >15 lac-18 lac-75%,>18Lac-80% |
| Cautious Profile | No Cautious Profile |
| Negative Profile | (i)
All Self Employed Person other than Professionals (ii) Employee with Proprietorships Firm (iii) Advocates (iv) Police |
| Funded Property | (i) Residential Property (ii) Commercial Property |
| Negative Property | Other than approved Residential & Commercial Property |
| Accepted Collateral | All Approved Residential & Commercial |
| Specific Property wise Funding Limit | No |
| Any Specific Product for Professionals | Yes,
For Chartered Accountant & Doctors & Architect: Maximum Loan upto 3
Cr (For Doctor -4 time of cash profit & for CA 3 time of cash profit) |
| USP | 1.
Zero Login Fees 2. For Doctors & CA, funding can be done upto 100% of market value upto 1 cr |
| Additional | Funding to NRI is doing |
Bajaj Finserv Loan Against Property EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 8 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,699 |
| Total Interest | ₹ 4,386 |
| Loan Amount + Interest | ₹ 104,386 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,258 | ₹ 1,839 | ₹ 26,097 | ₹ 75,742 | 24.26 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,744 | ₹ 2,547 | ₹ 78,291 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for Bajaj Finserv Loan Against Property
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
About Bajaj Finserv Loan Against Property
Apply for a Bajaj Finserv Loan Against Property (LAP) with a maximum loan amount of Rs. 3.5 crore and affordable interest rates between 8.25% and 18% p.a. Choose a tailored Loan Against Property for a sudden need, a wedding, the development of your business, or education. Both salaried employees and self-employed workers may get low-cost or high-cost property loans because of the alluring Bajaj Finserv LAP interest rates. Other advantages include customizable interest-only EMI alternatives, swift approvals and disbursements, and adjustable terms with a long tenure.
Key highlights of Bajaj Finserv Loan Against Property
The sudden need for finances is sometimes unavoidable, whether personally or professionally. So, consider a loan against property as the first and best option for immediate funds. Also, as per the market trends, Bajaj Finserv Loan Against Property has been acting like a boom because of its lowest interest rates and higher loan amounts. Let us move ahead in this article and learn more about the benefits and other details of Bajaj Finserv Loan Against Property.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
Collateral includes both privately owned homes and business buildings like stores and offices.
The loan amount is up to 21 crores of rupees.
You can, indeed. To close your account, you must send a written notice to the closest Bajaj Finserv office. While prepaying, you can be required to pay a modest amount as a penalty. Nevertheless, it varies depending on the loan value and interest rate.
You can make partial prepayments, and there are no fees associated with floating interest.
You have three options for applying: online, in person, or at a nearby Bajaj Finserv branch.
Yes, you may be penalized by 2% of the EMI amount.
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