A mortgage loan is a type of secured loan that you can avail by keeping an immovable asset as mortgage with the lender. The asset can be a residential/commercial property or other immovable properties like heavy machinery.
This type of loan is secured on the borrower’s property as per process which is called mortgage origination. Such loans are long-term advances with repayment tenors ranging from 15 – 20 years and interest rates much lower compared to unsecured advances. You can utilise the loan amount to meet diverse funding needs involving big-ticket expenditures.
Overseas education, a grand wedding, growing business needs, or unforeseen medical expenses – no matter what your need may be, finance them easily with a Bajaj Finserv Mortgage Loan. Bajaj Finserv now offers Mortgage Loans customised to the needs of salaried and self-employed individuals.
High-value loans made affordable
Bajaj Finserv facilitates you to access a higher loan amount at affordable Mortgage Loan interest rates. Salaried personnel can avail up to Rs.1 crore, while self-employed individuals can get a loan of up to Rs.3.5 crore.
Hassle-free loan disbursal
With minimal documentation and quick processing, the application for your loan is completed in just 4 days, making this the fastest Loan Against Property. You can also avail doorstep service for submitting your mortgage loan documents.
Salaried individuals can avail a suitable tenor ranging from 2 to 20 years to repay the loan conveniently. Self-employed individuals can select a tenor of up to 18 years to repay the loan. You can part-prepay or prepay your loan anytime at minimal charges.
Easy balance transfer facility
You can easily transfer your existing mortgage loan to Bajaj Finserv and get a high-value top-up loan.
Flexi Hybrid feature
This option allows you to borrow as you need and pay interest only on the amount utilised. You can manage your finances effectively and pay interest-only EMIs.
With tools like Mortgage Loan Eligibility Calculator and Mortgage Loan EMI Calculator, you can manage your loan easily. Read the step-by-step process to know how to apply for Mortgage Loan