Noida is one of the systematically planned cities in India and lies in Uttar Pradesh. The full form of Noida is the New Okhla Industrial Development Authority. The town is closer to the National capital New Delhi and is a part of the National Capital Region (NCR).

Over the years, the city has seen developments all around, and that’s one of the reasons that have increased the value of real estate properties here.

If you live in Noida or have a property here, and looking for some huge money, you don’t need to sell your asset. Instead, you can opt for the loan against property in Noida facility and get up to Rs.3.5 crore from leading lenders to fund your needs.   

The loan against property in Noida is a unique facility where you need to keep your property as collateral with a lender to get a higher amount of money.

The loan is offered as per the market value of the property and according to a borrower’s loan against property eligibility. Generally, a borrower may get between 60-80% market value of his/her property as the loan.

For What Purposes You Can Use The Loan Against Property In Noida?

It is up to you to use the funds out of the loan against property limit such as:

• For sending your children overseas for higher education
• For meeting a medical emergency
• For expanding a business
• For arranging for a wedding ceremony of your child
• For buying a new home
• For all other personal needs

The loan against property in Noida works as a personal loan, and hence, it is up to the wish of a borrower how he/she plans to use the money.

However, before you could apply for the loan against property in Noida and get approval, you will need to prove the eligibility for the same. Have a look:

Loan Against Property Eligibility At A Glance

• You need to be aged between 25-70 years
• You either need to be a salaried or self-employed individual
• You need to have a consistent source of money
• You need to be an Indian citizen and should have your property in a list of the cities as notified by your prospective lender

Loan Against Property Documents Required

You will also need to furnish some documents before applying for the mortgage loan in Noida such as:

• Latest Salary Slips (not applicable for salaried)
• Last 3/6 months’ bank account statements for salaried/self-employed  
• KYC details
• Copy of the documents of the property that you wish to mortgage

You are now aware of the complete information about the loan against property eligibility and documents, which will help you, apply for it online without issues.

Bajaj Finserv offers pre-approved deals on loan against property, home loans, business loans, doctor loans, personal loans, EMI finance and more. The purpose of such deals is to simplify your overall loan procedure and make it faster. You can share your basic details like name and contact number to check out your pre-approved loan offers right away.