Bajaj Finserv in your city
Delhi, the national capital, is the country’s political centre. Economy-wise, the city has evolved as a prominent commercial, economic, and trading centre.
If you are looking for a flexible loan against property, approach Bajaj Finserv, one of the country’s most reliable lenders. We have a branch here.
Features and benefits
Applicants interested in availing a loan against property in Delhi can read more to know about the features of the Bajaj Finserv loan against property.
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Hassle-free balance transfer
Move your existing loan against property to Bajaj Finserv and to avail better interest rates enjoy top-up loans of up to Rs. 1 crore* or higher.
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Repay easily
The repayment tenor ranges up to 15 years, giving you ample time to preplan your payment schedule.
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High value financing
Address your bigger monetary needs with no restriction using loan against property of up to Rs. 10.50 crore*, basis eligibility.
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External benchmark linked loans
By opting for the Bajaj Finserv loan against property linked to an external benchmark, applicants can enjoy reduced EMIs along with favourable market conditions.
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Manage account digitally
Check all your loan developments and EMI schedules through the Bajaj Finserv online platform.
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Zero contact loans
Experience a truly remote loan against property application from anywhere in India by applying Bajaj Finserv online loan against property and getting an easy approval.
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Zero foreclosure charge
If all borrowers and co-borrowers are individuals, loan availed on floating interest rates, and loan taken for purposes other than business use, then there will be no foreclosure/ part-prepayment charges. However, apart from above situation part pre-payment charges are applicable for term Loan up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment. Part pre-payment charges are not applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi.
Delhi is at the centre of the NCR or National Capital Region. Recent estimates, as of 2016, rank the capital city as the 2nd most manufacturing-intensive metro area of the country. In terms of economy, it is the largest commercial hub in North India. The residents of Delhi are employed at government offices, private limited firms, manufacturing units, etc. It boasts one of the fastest growing and largest retail industries in the nation. Some other revenue-generating sectors include real estate, construction, health, power and community services.
One of the leading private financiers, Bajaj Finserv, offers loans against property in Delhi. Both salaried and self-employed applicants can borrow up to Rs. 1 crore and up to Rs. 10.50 crore* after fulfilling the eligibility criteria. Once approved, track your repayments, EMIs, outstanding balance and all other details through the account management facility online. Simply log in to the customer portal – My Account.
Eligibility Criteria of Loan Against Property in Delhi
Meet these following eligibility criteria for loan against property to improve your chances of approval.
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CIBIL score
750 and above
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Age
Minimum age: 25 years* (18 years for non-financial property owners)
Maximum age: 85 years* (including non-financial property owners)
*Age of the individual applicant/ co-applicant at the time of loan maturity.
*Higher age of co-applicant may be considered up to 95 years basis 2nd generation (legal heir) meeting age norms and to be taken as co-applicant on loan structure. -
Nationality
Resident Indian citizen
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Job status
Salaried employee or self-employed individuals
While there is no minimum income requirement for this secured loan, you must possess a regular and stable source of income. It strengthens your repayment capability and makes you a credible borrower.
Loan against property in Delhi: Interest rates and charges
Loan against property in Delhi offers attractive interest rates starting at just 8% per annum, making it a viable financing option. Bajaj Finance provides a transparent loan process, ensuring you understand all associated fees, such as processing charges, foreclosure fees, and more. With flexible repayment terms and no hidden costs, this loan option caters to both salaried and self-employed individuals. You can leverage your property's value while continuing to own and use it in Delhi.
Frequently asked questions
No, you cannot get a 100% loan against the property in Delhi. Typically, financial institutions provide a loan amount of up to 60% to 75% of the property's market value. This is to ensure a safety margin for the lender and mitigate risks. Bajaj Finserv, for example, offers competitive Loan Against Property rates with flexible repayment options, allowing borrowers to access substantial funds without selling their property.
Yes, income proof is generally required for a loan against property. Lenders need to assess the borrower’s repayment capacity. Documents such as salary slips, bank statements, Income Tax Returns, or profit and loss statements (for self-employed individuals) are typically required. Bajaj Finserv simplifies the documentation process, ensuring quick approval and disbursement.
The processing fee for a loan against property in Delhi varies depending on the lender and the loan amount. It generally ranges between 0.5% to 2% of the loan amount. Bajaj Finserv offers competitive processing fees and transparent terms to make the borrowing process hassle-free for customers.
