Unlock Funds Against Your Property in Bhiwadi | Apply with Loanpao
Overview of Mortgage Loan in Bhiwadi
Bhiwadi, a thriving industrial hub in Rajasthan’s Alwar district within the NCR, offers robust opportunities for property owners to leverage mortgage loans. Also known as loans against property, these loans allow you to unlock funds for business expansion, education, or personal needs by pledging residential or commercial property. Lenders like AAVAS Financiers, HDFC Bank, and ICICI Bank provide mortgage loans in Bhiwadi up to ₹1 crore with interest rates starting at 9% p.a. Loanpao simplifies the process by helping you compare offers, verify eligibility, and apply online, with disbursal in 15–30 days.
Eligibility Criteria for Mortgage Loan in Bhiwadi
Criteria
Details
Age
21 to 65 years
Income
Minimum ₹25,000/month (salaried); stable business income (self-employed)
Employment
Salaried (2 years experience) or self-employed (3 years business continuity)
Credit Score
Minimum 650; higher scores secure better rates
Property Ownership
Clear title of residential/commercial property in Bhiwadi
Documents Required for Mortgage Loan in Bhiwadi
Identity Proof: Aadhaar, PAN Card, Driving License, Passport, or Voter ID.
Address Proof: Utility bill, Aadhaar, or rental agreement (Bhiwadi address).
Income Proof: Salary slips (last 3 months), bank statements (last 6 months), ITR (last 2 years).
Property Documents: Title deed, sale agreement, property tax receipts, approved plan, and NOC.
Photograph: Recent passport-size photograph.
Benefits of Mortgage Loan in Bhiwadi
Loan amounts up to ₹1 crore based on property value.
Competitive interest rates starting at 9% p.a. in 2025.
Flexible repayment tenures up to 15 years.
No end-use restrictions; use funds for business, education, or personal needs.
Quick disbursal within 15–30 days post-property verification in Bhiwadi.
Factors Affecting Mortgage Loan in Bhiwadi
Interest Rate
Rates range from 9% to 15% p.a., depending on credit score, property type, and lender policies.
Loan Amount
Up to 60–70% of property value, capped at ₹1 crore, based on income and repayment capacity.
Credit Score
A score above 650 ensures better terms; lower scores may increase rates or reduce loan amounts.
Property Type
Residential or commercial properties in Bhiwadi’s approved areas qualify; clear titles are mandatory.
How to Apply for a Mortgage Loan in Bhiwadi
Follow these steps to apply for a mortgage loan in Bhiwadi through Loanpao:
Visit loanpao.in and select "Mortgage Loan in Bhiwadi."
Complete the online application form with details (name, Bhiwadi address, income).
Upload required documents (Aadhaar, income proof, property papers).
Compare offers from top Bhiwadi lenders like AAVAS, HDFC, and ICICI Bank.
Get approval and funds disbursed within 15–30 days in Bhiwadi.
Loan Eligibility for Mortgage Loan in Bhiwadi
Check your eligibility for a mortgage loan in Bhiwadi with Loanpao’s tool:
Enter your monthly income (minimum ₹25,000).
Provide your credit score (preferably above 650).
Specify your employment type (salaried or self-employed).
Include details of your Bhiwadi property (residential or commercial).
Loanpao will evaluate your eligibility and recommend the best mortgage loan offers in Bhiwadi.