How can a CIBIL defaulter get a loan against property?
Your CIBIL score helps lenders assess your creditworthiness and how likely you are to repay on time. As for a CIBIL defaulter, it is harder for you to get approval on a loan as you have a low CIBIL score which makes you a high-risk borrower. However, you can apply for a Bajaj Finserv Mortgage Loan with a low CIBIL score.
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Factors that make availing low credit loan possible
Below are the factors that can make the low credit loan possible for borrowers
- High value mortgage: To avail the Bajaj Finserv Loan Against Property, you will be required to mortgage a high-value property. This may allow you to obtain a substantial loan amount even if a low loan-to-value ratio is offered due to your sub-par credit score
- High and stable source of income: Typically, Bajaj Finserv has easy-to-meet mortgage eligibility criteria. But, as a CIBIL defaulter, you will need to have a high and stable source of income. This helps assure the lender of timely repayment and reduces the risk of default . A loan against property is not just a solution—it is a lifeline for those looking to consolidate debts or pursue major financial goals. Check the offers on loan against property in just 2 steps.
- Low debt-to-income ratio: Debt-to-income ratio is the ratio of all existing liabilities against your income. The lower it is, the better your capability to repay a new loan. Your chances of availing a property loan increase if you maintain a debt-to-income ratio of 30% or less
With Bajaj Finserv the mortgage interest rates and loan charges are among the lowest in the market. To enjoy the benefits of this offering, even as a CIBIL defaulter, apply online.
Leverage the unmatched benefits of a loan against property—your gateway to financial freedom, regardless of your credit history. Check our loan against property eligibility now.
Manage your needs with a Bajaj Finserv Loan Against Property
Unlock the value of your property and secure funds to protect and monetize your intellectual property with a Bajaj Finserv Loan Against Property. Whether you need capital for patent registrations, copyright enforcement, trademark protection, or business expansion, this financial solution provides the necessary funding with convenience and flexibility.
Key benefits of a Bajaj Finserv Loan Against Property:
- High loan amounts: Access funding of up to Rs. 10.50 Crore* to manage your unexpected expenses or even grow your business. Ready to start? Check if you are eligible and see how much you can borrow in just two simple steps!
- Flexible repayment tenures: Enjoy repayment terms of up to 15 years*, ensuring financial stability while managing your expenses.
- Simple application process: With minimal documentation and easy eligibility criteria, you can apply online seamlessly from the comfort of your home or office.
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