Bajaj Finserv Mortgage Loan Interest rates in Jodhpur
upto To 21,00,00,000 | |
---|---|
Commercial Properties | 12.50% |
Industrial Properties | 13.00% |
Residential Properties | 11.50% |
Loan To Value (LTV) For Bajaj Finserv Mortgage Loan in Jodhpur
upto To 21,00,00,000 | |
---|---|
Commercial Properties | 55.00% |
Industrial Properties | 45.00% |
Residential Properties | 80.00% |
Features of Bajaj Finserv Mortgage Loan Jodhpur
Type | Features |
---|---|
Processing Fee | 2.0% |
Pre Closure Charges | Non Individual - 4% |
Part Payment Charges | Allowed |
Min Tenure | 5 Years |
Max Tenure | 15 Years |
Min Age | 25 Years |
Max Age | 60 Years |
Min Loan Amount | Rs.30,00,000/- |
Max Loan Amount | Rs.21,00,00,000/- |
Bajaj Finserv Mortgage Loan Jodhpur Charges
Type | Charges |
---|---|
Penal Interest | 2% Per Month |
Duplicate Statement Charges | Free |
Insurance Cover | Upto Loan Amount |
Inspection Charges | Free |
Legal Opinion Valuation Charges | Free |
Bounce Cheque Charges | Rs.2500/- |
Photocopy Documents | Free |
Charge For Exchanging E C S Mandate | Nil |
Repayment Schedule Charges | Free |
Loan Re Schedulement Charges | Free |
N O C Issuance Charges | Free |
Documentation For Mortgage Loan
For Salaried Persons
- Filled Application form
- Identity Proof (PAN CARD)
- Address Proof
- Latest 3 months Payslips
- Job Continuity Proof
- 2 Passport Size colour Photographs
- Co-Applicant identity proof, Address Proof
- Co-Applicant relationship Proof and Photograph
- 6 months Bank Statements
- 3 Post Dated Cheques/ECS Mandate
- Property Related documents
For Self Employed/Professionals
- Filled Application form
- Identity Proof
- Address Proof
- Last 2 years Income Tax Returns
- Professional/Self employed existence proof for more than 3 years
- 2 Passport Size colour Photographs
- Co-Applicant identity proof, Address Proof
- Co-Applicant relationship Proof and Photograph
- 6 months Bank Statements
- 3 Post Dated Cheques/ECS Mandate
- Property Related documents
Identity Proof For Mortgage Loan
- Passport
- Driving License
- PAN card
- Photo credit card (with embossed Signature and last two months statement)
- Banker's sign verification
Age Proof For Mortgage Loan
- PAN Card
- Passport
- License
- School leaving certificate
- Voter card
- Birth Certificate
- LIC policy (only for age Proof)
Address Proof For Mortgage Loan
- Passport
- Telephone bill (BSNL/MTNL)
- Electricity bill
- Title deed of property
- Rental agreement
- Driving license
- Election ID card
- Photo-credit card (with last two month statements)
Income Proof For Mortgage Loan
- Latest salary slip
- Current dated salary Certificate with latest form 16.
- Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
Job Continuity Proof
- Form 16
- Relieving letter
- Appointment Letter (for last two months)
- Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)
Bajaj Finserv Mortgage Loan FAQ's
What is Loan Against Property?
"A Loan Against Property as the name suggests is a loan given against the mortgage of property. Generally speaking, you can avail a loan against property for any of the following: 1. Loan Against Commercial Property 2. Loan Against Residential Property 3. Loan for Purchase of Commercial Property 4. Loan Against Plot 5. Lease Rental Discounting "
How to Apply for a Loan Against Property?
"A Loan against property is for professionals, self-employed, individuals with high net worth, salaried people, Proprietary firms, Partnership firms, Companies (Pvt. /Public Ltd.,) and NRIs - subjected to compliance of Bank’s/RBI guidelines. You can apply online for a loan against property while there are always options to visit the branch or even call or SMS and get the representatives to attend to you at a place and time of your convenience. "
What is the interest rate for loan against property?
Bajaj Finserv has a diversified portfolio for Loan Against Property where you can avail Mortgage Loan Against property, Loan Against Plot, Loan Against Commercial or Residential Property or even a Loan for Purchase of Plot. Bajaj Finserv offers attractive Loan Against Property interest rates with nominal fees and charges. Feel free to use our Loan Against Property EMI Calculator for further estimates.
What are the documents required for Loan Against Property?
Loan Against Property has its own set of documents, eligibility criteria and mortgage requirements. In order to read about documents required for Loan Against Property as well as to check eligibility criteria in detail, please click here
About Bajaj Finserv
The company is currently engaged in consumer finance businesses, life insurance, and general insurance and has plans to expand its business by offering a wide array of financial products and services in India. Apart from financial services, Bajaj Finserv is also active in wind–energy generation.
Bajaj Finserv Highlights
About Other Banks
ICICI Bank
Axis Bank
HDFC Bank
Magma Fincorp
DHFL
Citi Bank
Dcb Bank
IDBI Bank
IndusInd Bank
Kotak Mahindra Bank
RBL Bank
State Bank of India
Standard Chartered Bank
Avanse
LIC Housing Finance
Fullerton
TATA Capital
Credila
HDFC Limited
Aditya Birla Housing Finance
Capital First
Edelweiss
Indiabulls Housing Finance
Religare Finvest
Yes Bank
Canara Bank
Bank of Baroda
Things Keep In Mind While Avail a Mortgage Loan
A mortgage is actually made up of several parts – the collateral you used to secure the loan, your principal and interest payments and insurance.
Since most mortgages last 10 to 15 years of monthly payments, you should understand the how exactly it will works for you.
Type of Collateral You Are Offering
Principal And Interest
The principal is simply the sum of money you borrowed on mortgage.
Interest is what the lender charges you to use the money you borrowed, usually expressed as a percentage called the interest rate.
Principal and interest comprise your monthly payments in a process called amortization, which reduces your debt over a fixed period of time. With amortization, your monthly payments largely go toward paying off the interest in the early years, and gradually reduce the principal later on.
Factors That Affect your Loan Interest Rates
Expert Advice
Best Practices for Mortgage Loan
Things not to do for Mortgage Loan
Mortgage Loans Vs Lease Rental Discounting
Lease Rental Discounting | Mortgage Loan |
---|---|
Lease Rental Discounting (LRD) will be based on the actual rental you are receiving on the property. | Mortgage loans will be provided based on already owned property. |
There is no restriction on LRD loan usage. It can be used for any purpose. | There is no restriction on mortgage loan usage. It can be used for any purpose. |
Lease Rental Discounting (LRD) will be provided for max of 10 years, However it depends on the rental agreement Tenure. | Mortgage loans will be restricted to max of 10 years of term, which will be varying from bank to bank in India. |
Interest rate will be very from 11.00% to max of 15.00% based on the bank to bank. Generally Lease Rental Discounting (LRD) will be fixed interest loans. | Interest rate will be very from 10.5 % to max of 15% based on the bank to bank. Generally mortgage loans will be fixed interest loans. |
The money received from the LRD will be used for any purpose. There is no end use restriction on the amount. | If the money received from a mortgage loan is used for business purposes, the interest can be claimed as an expense on the balance sheet of the business. |
Loan can be availed up to max of Rs. 20.0 Cr under Lease Rental Discounting (LRD). | Mortgage Loans can be avail up to Rs. 30.0 Cr based on the type of property and its usage and value of property and eligibility of applicants as per banks norms. |
There will be pre payment changes will be applicable for Lease Rental Discounting (LRD). This will be vary from 1% to 4% as per bank internal guidelines. | There will be pre payment changes will be applicable for mortgage loans. This will be vary from 1% to 3% as per bank internal guidelines. |
Part/Pre Payments will be allowed based on the internal policies of the banks for Lease Rental Discounting (LRD). | Part/Prepayment will be allowed as per bank internal policies for Mortgage loans. |
Lease Rental Discounting (LRD) eligibility depends on the type of tenant and credibility of tenant. | Mortgage loans also avail with the joint eligibility as company and director or blood relatives. |
Banks can consider 90% of the Lease Rental value as repayment for loan under the Lease Rental Discounting (LRD) . | In Mortgage Loan max of 65% property value can avail as a Loan based on the type of property. |
You can avail a top loan facility on your Lease Rental Discounting (LRD). | Top up facility will be varying from bank to bank internal guidelines. |
About Jodhpur
"Jodhpur is the second biggest city in Rajasthan. It is about 335 km west of Jaipur, the capital city. Since it lies on the geographic centre of the state, it has emerged as an important tourist transit base.This city is often referred to as the ‘Gateway to Thar’ because it is located right on the border of the Thar Desert. It is also popularly called the ‘Sun City’ because it experiences bright and sunny days throughout the year.
Another name for this city is ‘Blue City’ because the houses around the Mehrangarh Fort are all painted blue.The history of this place dates back to the time when the Rathores were forced by the Afghans to leave Kaunaj, which was their original homeland. They settled in Pali, which is located close to present day Jodhpur.Rathore Siahaji tied the knot with the sister of a local prince, which added to the power and strength of the Rathore Clan. After some time, they succeeded in driving the Pratiharas out of Mandore, which is located at a distance of about 9 km from present day Jodhpur, and made it their capital city.However, after some time, they felt that they required a secure capital. As a result, Jodhpur was formed by Rao Jodha, the chief of the Rathore clan, in 1459, to serve as a capital city and the city was also named in his honour. Earlier this place was known as Marwar.The Rathores shared healthy relations with all the Mughal kings, except Aurangzeb. After Aurangzeb's death, the Mughals were driven out from Ajmer by Maharaja Ajit Singh and it was made a part of Marwar (present day Jodhpur). Jodhpur started developing into a modern city under the rule of Maharaja Umed Singh. It further prospered under the British rule."
Other Cities Loan Offers
Places To Be Visited In Jodhpur
Kailana Lake
:Kailana Lake is located on west of the city. This is yet another artificial lake, which was constructed in the year 1872 by Pratap Singh. This is one amongst the most frequented lakes in Rajasthan. It is a birdwatchers’ paradise. You could sail on a boat if you aim to add some breathtaking photographs to your collection. The view of sunset would be stunning.
Mehrangarh Fort
Beyond question, Mehrangarh Fort tops the list of ‘must visit’ places in Jodhpur. It is one among the largest Indian forts. This invincible fort stands magnificently 400 feet above the city. Rao Jodha constructed the fort in 1459 AD. Though the attempt to construct the fort was started in 1459, the fort had seen many centuries before it was completed. Hence, you could find that the style of architecture represents various periods. The grandeur in architecture is awe-inspiring. It offers stunning views of the city. The fort stands as a symbol of power.
Jaswant Thada
Jaswant Thada was built in memory of Maharaja Jaswant Singh, the Second in the year 1899. This is close to Mehrangarh Fort. The tranquility of the marble construction is enchanting. The carvings are intricate. Inside Jaswant Thada, you will find the portraits of the Rathore rulers. The grounds of Jaswant Thada consist of a stunning multilevel garden, intricately carved gazebos and a pond.
Balsamand Lake
:Balsamand Lake is an artificial lake that was constructed by Balak Rao Parihar in 1159 AD. The lush greenery around the lake has mango groves, papaya groves and groves of guava, plum and pomegranate. Balsamand Lake Palace was intended to serve as summer resort for the royal family of Jodhpur. The lawns and gardens with birds and peacocks finding their homes here, the place is exquisite. The palace reflects Rajputana style of architecture. The palace turned heritage hotel was built of red sandstone.
Clock Tower
Clock Tower is a famous landmark in the Old City. It was constructed by Maharaja Sardar Singh during his tenure between 1880 and 1911. The clock tower offers a good view of the fort. Sardar Market is adjacent to Clock Tower where a wide range of products is sold. You can find handicrafts, saris, spices, vegetables and a lot more. There are over 7000 shops and you can have a great shopping experience here.
Mandore Gardens
Mandore, belonging to the 6th century, was Marwar’s capital before Jodhpur was established. Mandore Gardens here attract tourists in great numbers. The Mandore Gardens also house a government museum, a ‘Hall of Heroes’ and a temple to 33 crore Gods. Various artifacts and statues found in the area are housed at the museum. The architectural splendor of the bygone era is clearly evident here.