Get loan against property in Vadodara
Vadodara is Gujarat’s 3rd largest city that houses the district headquarters. It is famous for Maharaja Sayajirao University of Baroda, Lakshmi Vilas Palace, Maratha royal family’s residence, and more.
Be it planned or unplanned, overcome your financial crises with loans against property in Vadodara. Enjoy exclusive features from Bajaj Finserv.
Apply online for quick approval within 72 hours*.
Features and benefits of loan against property in Vadodara
Applicants interested in availing a loan in Vadodara can read more to know about the features of the Bajaj Finserv loan against property.
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Affordable rate of interest
Bajaj Finserv offers applicants an affordable Loan Against Property interest rate options to fit their finances.
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Money in the account within 72 hours*
Quit worrying about financial emergencies. Bajaj Finserv takes only up to 72 hours* to credit the amount to your account.
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Higher loan amount
Loans against property are available of up to Rs. 10.50 crore* basis eligibility. Meet your financing needs effortlessly.
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Balance transfer facility
Enjoy lower interests on an existing loan by opting for Loan Against Property Balance Transfer. Get high-value top-up loans too.
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Easily accessible loan amount
Access all your loan against property information, including EMIs, outstanding balance, documents, etc. via our customer portal – Experia.
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Repay over flexible tenors
Choose a repayment schedule considering your financial ability. Choose from tenors of up to 15 years for loan against property.
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Flexi loan facility
With Flexi loans, enjoy repaying as per convenience and lower EMIs as interest rates are levied on the withdrawn amount only.
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Part-prepayment and foreclosure
Reduce your debt burden with our loan against property part-prepayment and foreclosure facilities at nominal or zero charges.
Vadodara’s economy is supported by several large-scale industries, including Vadodara Manufacturing Division, Indian Oil Corporation, L&T, Reliance Industries Limited, Gujarat State Fertilizers & Chemicals, ONGC, etc. More than 35% of the country’s manufacturers of power transmission and distribution equipment are based in Vadodara. There are also close to 800 ancillaries that support the bigger players. Other revenue generators of the city are state government assistance, taxes, and service provision.
To address your goals and urgencies adequately, Bajaj Finserv brings high-value loans against property in Vadodara. Our loans are accessible to borrowers, owing to easy-to-meet eligibility criteria and minimum documents. Make your repayments comfortably with a tenor of up to 15 years.
How to apply for loan against property in Vadodara?
Here’s a step-by-step guide to applying for a loan against property in Vadodara with Bajaj Finance:
- Click the 'Apply' button on this page.
- Enter your pin code and click ‘Proceed.’
- Provide your basic details, including your full name and mobile number.
- Select the type of loan, along with your net monthly income, area pin code, and the loan amount needed.
- Generate and enter the OTP to verify your phone number.
- Fill in additional details like your property location, current EMI or monthly obligations, and your PAN number.
- Click the ‘Submit’ button.
Eligibility criteria and documents
Check the mortgage loan eligibility, and know if you qualify for a larger loan against property.
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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 -
Job-status
Either self-employed or salaried
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Citizenship
Indian resident
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CIBIL score
Above 750
Bajaj Finserv makes loans against property more accessible to borrowers. Meet our hassle-free eligibility criteria and submit a few documents only to speed up the application process. Receive complete loan-related information from our customer portal – Experia, post sanctioning of the fund.
Interest rates and charges
Before applying for a loan against property, it’s crucial to review the loan against property interest rates, processing fees, and other associated charges offered by Bajaj Finserv. The interest rates on such loans vary depending on factors like the loan amount, property value, and your creditworthiness. Bajaj Finserv provides competitive interest rates, ensuring affordable repayment options. Additionally, processing fees and administrative charges may apply, so it's important to understand the complete cost structure. Always check for any hidden fees or prepayment penalties, and consider comparing rates with other lenders to make an informed decision.
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) |
Popular loan against property in India
Frequently asked questions
Yes, depending on lender’s eligibility you may get a loan against agricultural land in Vadodara, provided the land is not under cultivation restrictions. Lenders may assess the land’s value, location, and your repayment ability.
If you fail to repay your loan against property in Vadodara, the lender may initiate legal proceedings and eventually take possession of the property through foreclosure to recover the outstanding amount.
Yes, you can transfer your existing loan against property to another lender in Vadodara through a balance transfer. This can help reduce your interest rates or get better loan terms.
Yes, you can use a loan against property in Vadodara for business expansion. Many business owners leverage their property to secure funds for new investments, infrastructure development, or operational needs.
Yes, there are tax benefits on loans against property in Vadodara. The interest paid on the loan used for business purposes is deductible under Income Tax Act.
