Salaried individuals, self-employed business owners and self-employed professionals including Doctors, Chartered Accountant can apply for Bajaj Finserv Loan Against Property. Primarily, following eligible criteria will apply.
Salaried
1. Applicant should be an Indian Resident.
2. Age criteria for application: 28 to 60 years
3. The applicant should be employed with a private, public or MNC with a minimum of 3 years of work experience.
4. LAP Tenure: 2 to 20 years
5. Max Loan Amount: Up to 1 crore
Self-employed
1. Applicant should be an Indian Resident.
2. Age criteria for application: 25 to 70 years
3. The applicant should have a valid and acceptable proof of income.
4. LAP Tenure: Up to 18 years
5. Max Loan Amount: Up to 3.5 crore
The self-employed applicants can apply Bajaj LAP on following locations-
Delhi NCR, Mumbai, Thane, Pune, Aurangabad, Surat, Ahmedabad, Indore, Kolkata, Udaipur, Hyderabad, Chennai, Vizag, Bangalore and Cochin.
Professionals:
Chartered Accountants
1. The applicant must have an active Certificate of Practice (CoP) for a minimum of 4 years.
2. The applicant must own a house/ office at one of the Bajaj Finserv approved locations.
Doctors
1. The doctor should a resident Indian citizen and the minimum age for application should be 26 years.
2. The applicant should hold a recognized medical practitioner’s degree in Homoeopathy, Ayurveda, Dentistry and others.
3. The applicant should have a relevant number of working experience:
| Qualification | Work experience (Minimum years post qualification) |
| Super Specialist Doctors (MD/MS/DM) | 3 years |
| Graduate Doctors (MBBS) | 3 years |
| Dentists (MDS/BDS) | 5 years |
| Homeopathic and Ayurvedic Doctors (BAMS/BHMS) | 6 years, must own a house |
| Homeopathic Doctors (DHMS) | 15 years, must own a clinic |
Also Read – 7 Factors That Affect Loan Against Property Eligibility
