Loan Against Property in Dhule
As part of a mortgage loan, or ar loan against property (LAP), you avail of a loan while keeping your property as collateral. At the end of the tenor, when you repay the entire sum with interest, the property ownership is once again returned to you. The biggest advantage here is that throughout the tenor, you are still free to use the property as you deem fit.
The exact amount you can avail of varies as per your profile (employment, income, financial, and credit) and the property in question (location, condition, and valuation). As per guidelines, you can avail of up to 80% of your property’s market value as a loan against property. Both residential and commercial properties can be used to apply for financing under LAP.
Features and benefits of a Loan Against Property in Dhule
Just like in other cities, taking a property loan in Dhule has several advantages. With Bajaj Finserv, you are assured of a number of benefits when it comes to the application, as well as in terms of loan servicing.
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Simple paperwork
Tedious paperwork can make for a difficult application process, which is why we request only minimal documents when you apply for a property loan in Dhule, or any other city for that matter.
All we need are the documents that prove your identity, address, employment/ income source, and of course, property ownership. Since your property serves as a collateral in the case of a LAP, documentation is kept to a minimum. This speeds up the loan review process and approval time.
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Nominal interest rate
We offer competitive interest rates to ease the burden of repayment. While this does make repayment easier, loan affordability varies from person to person, and it is best you check the EMIs applicable in your case to know what loan amount and tenor your should opt for to comfortably repay the sum without defaulting.
Use our online calculator to determine your loan against property EMI. When you select an amount, the tool gives you a clear picture of what your monthly payments will be like. It's fast, accurate, and helps you to avoid last minute surprises.
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The option to prepay/ foreclose at no additional cost
If you would like to repay the loan completely before the tenor lapses, there's a way out. 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.
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Balance transfer facility
If you're looking for a lender with favourable terms and conditions, look no further. You can initiate a balance transfer from your current lender to Bajaj Finserv.
Not only can you access multiple benefits, but also have the option to avail of a sizable top-up loan of Rs. 1 crore* or higher or above, basis eligibility. You can use the top-up amount however you deem fit; it comes with no end-use restrictions.
Current interest rates and charges for loan against property in Dhule
The foremost consideration for any loan is of course what you will pay as interest alongside the principal amount. Below are the current interest rates:
Loan Against Property Interest Rate (Floating)
Employment Type |
Effective ROI (p.a.) |
Salaried |
9% to 12% per annum (Floating rate of Interest) |
Self-employed |
9% to 12% (Floating rate of Interest) |
For a complete list of loan against property interest rate, please click here.
Eligibility criteria and documents needed to apply for a loan against property in Dhule
To be considered eligible for a loan against property you need to satisfy the following prerequisites:
- You need to be an Indian citizen (resident)
- You should have a means of steady income whether as a salary earner or professional
- 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 - You should own a property that can serve as collateral in one of the cities we operate in
To process your application, we require the below documents.
- Recent bank account statements and salary slips for salaried individuals and professionals
- Permanent Account Number (PAN) card, Aadhaar Card, etc. as proof of identity
- Proof of address, such as utility bills, etc.
- Documents of the property pledged as collateral, such as title deed and property tax receipts, among others
- ITR copies
** The upper age limit is considered as age, at the time of loan maturity.
Required documents for loan against property in Dhule
Below are the documents required for loan against property from Bajaj Finance
- Proof of identity/ residence - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
- Proof of income
- Property-related documents
- Proof of business (for self-employed applicants), and
- Account statements for the last 6 months
How to apply for loan against property in Dhule?
Here’s a simple guide to applying for a loan against property from Bajaj Finance:
- Click the 'APPLY' button on this page.
- Enter your pin code and click ‘Proceed’.
- Provide your basic details, including full name and mobile number.
- Choose the loan type, enter your net monthly income, area pin code, and desired loan amount.
- Generate and submit the OTP to verify your phone number.
- Fill in additional information, such as your property location, current EMI or monthly obligations, and PAN number.
- Click the ‘Submit’ button to complete your application.
Frequently asked questions
Yes, you can get a loan against agricultural land in Dhule. However, the land must meet specific criteria set by the lender, such as location, documentation, and income proof requirements.
The value of your property in Dhule is assessed by a professional valuer, considering factors like market conditions, location, property type, and condition. Lenders typically offer a percentage of the appraised value.
Yes, lenders usually charge a processing fee for loans against property in Dhule. This fee typically ranges from 0.5% to 2% of the loan amount, depending on the lender and loan terms.
Yes, prepayment of a loan against property in Dhule is possible. Some lenders may charge a prepayment penalty, but many offer flexible prepayment options without extra charges after a certain period.
Yes, some lenders offer special schemes for senior citizens seeking loans against property in Dhule. These may come with lower interest rates or relaxed eligibility criteria to cater to their financial needs.
