You may reach a crossroads in your life when you don’t have enough finances to meet your needs. In such a situation, you can raise funds without selling your property or depleting your savings by availing a loan against your property. With a loan against property, you can get a large sanction against real estate that you own to cater to all your financial requirements with ease, without losing ownership of this valuable asset.
With top lenders you can get a high sanction against your property via easy application methods and quick processing. You can apply for a Loan Against Property from lenders like Bajaj Finserv to access funds up to Rs.3.5 crore if you are self-employed, and up to Rs.1 crore if you are salaried. Also, you can enjoy flexible tenor of up to 18 years if you are self-employed and between 2 and 20 years if you are salaried. With an online application process and disbursal in no time at all, this loan offers funds to you in a flash.
Read on to how a loan against property makes borrowing money quicker and smoother.
Speedy Application and Approval
With Bajaj Finserv, availing a loan against property is as quick as asking your family member for a loan! Your application will go under processing as soon as you submit an online form. You can get approval in minutes and proceed to submit the requisite documents that are few in number as well.
Hassle-Free Loan Disbursal
Like you withdraw cash instantly from an ATM, you can have the funds you need in your bank account just as quickly with this loan. When you conform to the loan against property eligibility criteria and submit the required documents, loan amount will be deposited directly into your bank account within 72 hours of approval.
Convenient Flexi Facility
This feature offered by Bajaj Finserv allows you to withdraw money as per your needs. Just as you can use your cash in hand whenever you want, in a quantity that you desire, you can withdraw money from your sanctioned amount as and when you need it, in parts. Additionally, you have to pay interest only on the amount utilised and not on the total loan sanction. To make managing your cash flow simpler, you can choose to pay interest-only EMIs and repay the principal at the end of the tenor. Opting for this repayment option gives you savings of up to 45%.
Additional Read: Who provides the best cash loans online?
Online Loan Management
Most lenders, including Bajaj Finserv, allow you to apply for a loan online at any time, from anywhere. Apart from this, you can manage all your account-related details via a secure, online customer portal. You can pay your EMIs, know your due amount and do more with its online account management system. Need cash in minutes? No problem. Simply log on to Experia, the customer portal, and request a release of funds. No matter where you are, you’ll be able to access the amount you need.
Now that you understand how a loan against property is similar to availing instant cash, apply for it online within minutes. To speed up access to funds even further, check your pre-approved offer from Bajaj Finserv and view customised loan deals. Use your pre-approved offer to apply to simplify and speed up the borrowing process even more.