There may be times when you need an emergency sum of funds to finance your child’s higher education, meet an unforeseen medical emergency, bearing wedding expenses, etc. A Bajaj Finserv Loan against Property can be your incomprehensible source of financing in such situations. This loan is gaining popularity thanks to its easy-to-use features and substantial loan amount that proves useful in such financial crunches.
Advantages Of Availing Loan Against Property From Bajaj Finserv
If you avail Loan against Property from Bajaj Finserv, it will enable you to enjoy numerous benefits such as –
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High-Loan Amount
The company provides this customised loan facility to both salaried professionals and self-employed individuals. If you are a salaried individual, you can enjoy loan amount up to Rs. 1 Crore, and Rs. 3.5 Crore for the self-employed at attractive interest rates.
Besides, you can enjoy quick approval of loan amount with a simple loan against property eligibility criteria and fast disbursal of the sum within 4 days. This feature makes a Loan Against Property from Bajaj Finserv an affordable solution to meet various needs. Customers can use the credit amount immediately to purchase a house, invest in a business or pay for overseas education right away.
They also bring you pre-approved offers that make procuring loans quick and hassle-free. These pre-approved offers are applicable on unsecured credits like personal loans, business loans and secured advances such as home loans among numerous other financial products.
Thus, when looking to avail loan against property to fund high-value purchases, opting for leading NBFCs like Bajaj Finserv can be a smart financial decision. Know the documents you need to have when applying for a loan against property to gain approval and disbursal at the earliest.
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Flexible Repayment Tenure
Apart from providing a high-value financial advance – you also benefit from convenient repayment tenure, ranging from 18-20 years (depends on whether you are salaried or self-employed), based on the customer profile and repayment capacity of the loan.
To ascertain which tenure best suits you, borrowers also have the option to use a loan EMI calculator and forecast your monthly payment amount. Additionally, Bajaj Finserv charges minimal fees on prepayment and foreclosure – making this Loan against Property facility borrower friendly.
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Flexi Loan And Balance Transfer Facility
To offer borrowers greater flexibility of repayment and usage, Bajaj Finserv offers the Flexi Loan facility. This innovative feature allows a customer to perform multiple withdrawals from his/her sanctioned loan amount as per the requirements. Interest is levied only on the withdrawn amount making it pocket-friendly.
Along with this, you also enjoy easy balance transfer option to transfer an existing loan to Bajaj Finserv Loan against Property – with nominal documentation and quick loan processing. These features let you manage your finance efficiently.
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Top-up Loan Offers An Additional Finance Option
To make availing finances even more customer-friendly, Bajaj Finserv has introduced high-value top-up loans over your existing loan at affordable rates of interest. As a top-up loan comes with no end-usage restriction, it helps a borrower to fund any financial emergency which might crop up while he/she is still repaying the loan against property.
What do you Need to Apply?
You need to furnish these documents –
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Identity proof such as PAN card, Aadhaar card along with address proof.
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Bank account statements from the previous 3 and 6 months for salaried and self-employed individuals respectively.
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Income tax returns.
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Latest salary slips for salaried people.
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Documents of the property that will be mortgaged.
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Profit and Loss balance sheet audited by a CA for businessmen.
You need to keep these documents handy and check your eligibility criteria before applying for a Bajaj Finserv Loan against Property. This ensures a hassle-free and quick loan approval process.
All of these features are the reasons why Bajaj Finserv’s Loan against Property is the best financial solution for your broad range of requirements. Besides, with the company’s pre-approved offers. Know how loan against property apply online using these tailor-made deals and enjoy financing faster.
