Loan against property is a secured credit that can be used as a financial tool to acquire substantial amounts of funds to finance your education plans, debt consolidation, marriage, business development, etc.
Generally, loan against property offers a low rate of interest with extended tenure. The benefits increase when the lender is a non-banking financial company like Bajaj Finserv.
These are the features you need to know about Loan Against Property from Bajaj Finserv –
- Loan Against Property Interest Rates
The interest rates on your loan depend on several factors. It varies on your type of employment; salaried or self-employed. Salaried employees are offered interest rates that range from 10.10% to 11.50%, while for self-employed people it ranges between 10.50% and 14.50%.
- Substantial Loan Amounts
Salaried personnel can up to Rs. 1 Crore as a credit; while self-employed can avail up to Rs. 3.5 Crore.
- Flexible Tenure
Bajaj Finserv allows salaried individuals to opt for a loan tenure ranging from 2-20 years. Self-employed personnel can avail of property loan tenure for up to 18 years.
- Problem-Free Loan Disbursal
Bajaj Finserv completes your loan against property process in just 4 days with simple eligibility criteria and minimal documentation.
- Balance Transfer Facility
You can transfer your loan against property balance to Bajaj Finserv through a balance transfer facility with minimal documentation.
The objective of the Bajaj Finserv mortgage loan is for borrowers to enjoy strong monetary assistance that helps them form a cost-effective solution to their financial troubles.