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Loan Against Property

Here are a few factors

Rating 5 /
Total - 1 ratings
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Location 50Km from Branch
CIBIL Score 700+
Applicant Any Self Employed Person
Applicant Age 22 Year to 70 Year
Loan Amount & Tenure 20 Lac to 5 Cr
(5 Year to 15 Year)
Login Fees Nil
Rate of Interest & Type 9% to 10% (Reducing)
TAT 3 Days
Processing Fees 0.50% to 1 %
Foreclosure Charges Upto 4%
Insurance Insurance Charges:0%-2%
Minimum Business Vintage 3 Year
Lock In Period 12 Month
Part Payment Allowed Yes
LTV (i) Residential-70%
Product (i) Fresh Loan (ii) BT+Topup 
Program Banking Program-2 Cr, GST Program-2 Cr,Income Program-5 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) Advocates (ii) Police (iii) Jewellers (iv) Real Estate (v) DSA (vi) Liquor Shop
(vii) Person living in dominated area (viii) Politician
Funded Property Only Approved Residential Property
Negative Property Other than approved Residential
Accepted Collateral All Approved Residential
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 
Right Documents - Easy Process

Required Documents to Apply for Bajaj Housing Finance Loan Against Property

Salaried income documents

  • KYC of applicant & Co-Applicant
  • Last 3 Month Salary Slip of Applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 2 Year Form 16 of applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Appointment letter of applicant if available
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Latest utility Bill if owned residence or rent agreement if rented
  • 2 Reference with contact details

Self Employed person documents

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

1. KYC Means
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
For Co-Applicant
  • 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
2. If LAP is applied with Government Bank then 30 year chain is required
3. If applicant is professional, then his professional degree is required
Share & Apply

About Bajaj Housing Finance Loan Against Property

To address financial demands, Bajaj Housing Finance provides a secured loan against property. You can get high-value loans with reasonable interest rates and repayment terms over the period of time that you choose. They provide nominal interest rates starting at 8.25% p.a. that are reasonable and economical. The computation of information and documentation may be done quickly and simply.

Here are a few factors about Bajaj Housing Finance Loan Against Property

If you are looking to purchase a property but have a limited budget or don't want to take another loan, consider a Loan Against Property (LAP). Under this scheme, you can obtain cash from banks using the value of your existing property as collateral. Eligibility for LAP is fairly straightforward, and it has no minimum requirement for income or assets. Your eligibility will be determined on the basis of your existing property, its value, and various other factors. Bajaj Housing Finance Loan Against Property is an excellent option for borrowers who want to keep a property they already own as collateral and avail of funds.
With the Bajaj Housing Finance Loan Against Property, you can avail of a loan as high as Rs.5 Cr* or higher, subject to eligibility and repayment over a tenor of up to 18 years. The loan will be disbursed within three business days of submission of all necessary documentation.

Work Process

Save Your Time with a Simple Loan Process

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Leave Your Question

FREQUENTLY ASKED QUESTIONS

Taking a loan against property has many advantages. This type of loan is better suited to people who have an unencumbered house that they can use as collateral for the same. It allows you to receive a large sum of money depending on the value of your property and repay it over the course of a decade or so.

A great way to improve your eligibility for a loan against property is to pay off existing obligations, including all your income sources, apply for a longer tenure on the loan and maintain a healthy credit score.

Lenders will fix their own eligibility calculator for the loan against property. However, there are many third-party websites available where you can check for your eligibility in a fast and easy way. You can use the Bajaj Housing Finance Loan Against Property Eligibility Calculator for a quick and accurate estimation of your loan eligibility. Proper reading is necessary to understand all terms and conditions of the loan.

Yes, you must take out an insurance policy on the property for which you are borrowing money. You will have to provide Bajaj Housing Finance Limited with proof of your insurance every year, or whenever they ask for it.

Yes, you can, even having a co-owner will increase your chance of eligibility. Whereas the co-owner will have to show up as a co-applicant too.

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