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Loan Against Property Eligibility of a Borrower

valid until: 24 Sep 2021date published: 24 Sep 2020

Loan against property (LAP) can prove to be a saviour during financial crunches for its capacity to generate high-value financing. Also known as a property loan, this borrowing option allows individuals to apply for a high loan quantum via property mortgage.

Following are some of the factors that determine the eligibility for a loan against property.

For Salaried Employee

The applicant must age between 33 and 58 years
Borrowers should be the resident of India
The applicant should be employed with any public sector, private company or MNC

For self-employed individuals

The borrower must be between the age of 25 and 70 years
They should be self-employed with a steady source of income
Applicants need to be the residents of India

For more information about loan against property eligibility you can visit bajaj finserv website.
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Loan Against Property Eligibility of a Borrower

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