1 hr ago

Bajaj Finance Promotes Property-Backed Loans for Large Expenses

A loan against property lets an eligible property owner borrow money by offering a home or commercial property as security.

Bajaj Finance says borrowers may be able to receive up to Rs.

15.50 crore, depending on their situation.

The money may be used for approved needs such as business costs, education, medical care, weddings, or home work.

The borrower must repay the loan over an agreed period.

Interest rates and extra charges affect the total cost.

A longer repayment period can make each monthly payment smaller.

However, it can also make the total interest larger.

An EMI calculator helps people compare payment options before applying.

The article is sponsored content and says ThePrint journalists did not write or report it.

Key facts

Advertised loan amount: Up to Rs. 15.50 crore, subject to eligibility and applicable terms
Advertised interest rate: 7.5% to 14.25% per annum
Maximum repayment tenure: Up to 15 years
Eligible collateral: Eligible residential or commercial property
Possible uses: Business, education, medical, wedding, debt consolidation, renovation, and construction expenses
Advertised disbursal timing: Within 72 hours after approval, subject to verification
Loan variants: Flexi Term (Dropline) Loan, Flexi Hybrid Term Loan, and Term Loan

theprint.in · 2 hrs ago