A Complete Guide on Property Loan and it Features and Benefits

A Complete Guide on Property Loan and it Features and Benefits

Introduction of Property Loan ● Loan Against Property is a secured loan product that can be useful for both salaried individual as well as businesses. ● Loan Against Property can be termed as a mortgage loan, it is the loan value ratio which depend on the the property. ● It can be used for both personal as well as business requirement with no end-usage restriction.

Benefits of Loan Against Property The loan against property tax benefit is part of the features of the loan against property. There are many reason to apply for loan against property. ● For great value which fulfill our various needs. ● This allows lender to go forward with an easy documentation process. ● Loan Against Property is a secured loan product that can be useful for both salaried individuals as well as businesses. ● Bajaj Housing Finance is eligible criteria for loan against property which are easy to meet and navigate.

Required Document for Loan Against Property In general, banks required the following document for sort of loans: ● Income tax return to rule out any legal noncompliancance ● Address and identity proof, like the Aadhaar card ● PAN card ● Bank statement of the past six months-3 years ● Proof of employment and self-organisation

Features of Property Loan There are following features which make easy to understand property loan:● Tax benefits ● Lower interest rate ● Long repayment tenure ● No prepayment penalty ● Instant disbursal

Eligibility Criteria for Property Loan ● Any salaried professional who is permanent employee of an organisation can apply for property loan. ● Self-employed individuals who are income tax payers also eligible for loan against property. ● The eligibility for loan against property is also calculated base on value of mortgage property.

Apply for Property Loan Applying for property loan is very simple. First we have to check all the necessary detail as well as EMIs payable. The below guide will walk you through our easy Home Loan application process.

1. Visit our application form 2. Enter your full name, mobile number, PIN code, and occupation type 3. Enter your date of birth, PAN number, income, and other details Once you submit the application, our representative will get in touch with you within 24 hours* and explain the next steps and include document submission and verification.

More Info:BAJAJ HOUSING FINANCE LIMITED Cerebrum IT Park, 5th Floor B2 Building, Holy Cross Rd, Kalyani Nagar, Pune, Maharashtra 411014 Phone number : +91 8698010101 Email id: bhflwecare@bajajfinserv.in

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