Bajaj Finserv in your city
Kolkata serves as an important centre of financial, commercial and business activities in Eastern India. The capital city of West Bengal holds rich historical significance and is, hence, a prominent tourist destination for Indians and foreigners alike.
To address your monetary needs, avail a loan against property in Kolkata from Bajaj Finserv. Make easy repayment over a longer tenor.
Features and benefits
Applicants interested in availing a loan against property in Kolkata can read more to know about the features of the Bajaj Finserv Home Loan.
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Reasonable rate of interest
Starting from 9% to 12% (Floating rate of Interest), Bajaj Finserv offers applicants affordable borrowing option to fit their finances.
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Speedy disbursal
No more long waits for loan amounts with Bajaj Finserv. Find your sanction amount in your bank account in just 72 hours* hours from approval.
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Ample sanction amount
Bajaj Finserv provides loan amount up to Rs. 10.50 crore* to eligible candidates and to boost your home buying journeys.
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External benchmark linked loans
By opting for the Bajaj Finserv Home Loan linked to an external benchmark, applicants can enjoy reduced EMIs along with favourable market conditions.
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Digital monitoring
Now keep a close eye on all your loan developments and EMI schedules through the Bajaj Finserv online platform.
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Long tenor stretch
The Bajaj Finserv Loan Against Property tenor stretches up to 15 years allowing borrowers a buffer period to plan out their EMI payments.
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Zero contact loans
Experience a truly remote loan application process from anywhere in India by applying Bajaj Finserv online loans against property and getting an easy approval.
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No prepayment and 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.
Over the years, the economy of Kolkata improved massively to become the 3rd most productive metro region of the country. Information technology is a major sector that developed at a rate of 70% annually. Apart from IT, the city’s revenue generators include infrastructure, real estate, hospitality, retail, hotels, large shopping malls and other sectors. A few of the oldest public sector companies are based in this capital city of West Bengal.
Residents in Kolkata can address their diverse financial requirements with loans of Rs. 5 crore. With no end-use restriction, you can invest or expend the money at your own discretion. Enjoy the fastest processing of loan against property in Kolkata within 72 hours* only. Once received, monitor details like outstanding balance, interest payable, EMIs, statements, etc., through our online account management facility.
Loan Against Property in Kolkata Eligibility and Documents
Match the simple eligibility criteria for a loan against property in Kolkata before applying.
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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.
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Credit score
700 and above
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Nationality
Resident Indian
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Job status
Employed at an MNC, private/ public firm or self-employed
Being a secured loan, a CIBIL score close to 700 can be sufficient for the credit. However, the better you fulfil the eligibility criteria, the lower is the risk to your asset. Make the best use of Bajaj Finserv Loan Against Property and repay strategically without defaulting.
Loan against property in Kolkata interest rates and charges
There are nominal processing fees and associated charges involved, along with affordable interest rates on loan against property.
Frequently asked questions
You can avail up to 75% - 90% of the property’s market value as a loan in Kolkata. Bajaj Finserv sanctions up to Rs. 10.50 Crore* for salaried applicants and for self-employed borrowers.
If you fail to repay the loan, your mortgaged property will be liquidated to recover the outstanding amount. You can easily reduce this risk by paying your EMIs on time.
You can enjoy tax benefits on your loan against property under Section 24 and Section 37(1). However, that depends on the end-use of the fund.
