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BAJAJ FINSERV LOAN AGAINST PROPERTY

Loan Against Property of up to Rs 10.50
crore
EMIs starting from 2750/lakh | Flexible tenure options

Manage your urgent financial needs by getting a loan against your property for a tenure of
up to 15 years*. We offer a loan amount of up to Rs. Rs. 10.50 crore*, and you can use the
loan amount without any end-use restrictions. Enjoy additional benefits like no foreclosure
charges*, quick disbursal, and hassle-free application process.

Bajaj Finserv
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Our Values

  • Trust
  • Transparency
  • Integrity
  • Excellence
Features and benefits of our home loan
Loan amount of up to Rs. 10.50 crore*
Manage your urgent financial needs with a sizeable loan amount of up to Rs. 10.50 crore* sanctioned based on your mortgaged property.
Low interest rates
Our loan against property comes with affordable interest rates starting from 8% to 14% (Floating rate of Interest) p.a
Disbursal in 72 hours*
Get money in your bank account within 72 hours*- of the approval & subject to receipt of all applicable documents and basis risk policy.
Tenure of up to 15 years*
You can repay your loan amount conveniently with a repayment tenure ranging up to 15 years*
No foreclosure fee for individuals
With no end-use restrictions, use the loan amount for an emergency or pay for wedding expenses, higher education or business expansion
No foreclosure charges*
If all borrowers and co-borrowers are individuals, loan availed on floating interest rates, and loan taken for purposes other than business use, then there will be no foreclosure/ partprepayment charges.
Externally benchmarked interest rates
Link your loan to an external benchmark such as the Repo Rate and benefit during favourable market trends.

Terms and conditions apply

  • Eligibility criteria and documents required
  • Anyone can apply for our loan against property as long as they meet the criteria mentioned below
  • Eligibility criteria
    Nationality: You must be an Indian citizen residing in India with property in a city we operate in
  • Age: Minimum age
    25 years (18 years for non-financial property owners)
  • Maximum age
    85 years (including non-financial property owners) *Age of the individual applicant/ co-applicant at the time of loan maturity. *Higher age of co-applicant may be considered up to 95 years on the basis of 2nd generation (legal heir) meeting age norms and to be taken as co-applicant on loan structure.
  • CIBIL Score:
    A CIBIL Score of 700 or higher is ideal to get an approved loan against property.
  • Occupation:
    Salaried, self-employed professionals like doctors, and self-employed nonprofessionals are eligible to apply.
  • Documents required
    Proof of identity/ residence - Aadhaar/ passport/ voter's ID/ driving license/ letter from NPR/ NREGA job card
  • Proof of income
  • Property-related documents
  • Proof of business (for self-employed applicants), and
  • Account statements for the last 6 months
  • Note: This is an indicative list that may change based on your actual loan application.
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FAQ

1. What is the maximum loan amount I can avail through Bajaj Finserv's Loan Against Property?

Bajaj Finserv offers Loan Against Property (LAP) up to ₹10.50 crore, depending on factors like the property’s market value, applicant’s income, and credit profile. This substantial loan amount can be utilized for various purposes, including business expansion, higher education, or medical emergencies.

2. Are there any restrictions on how I can use the funds from a Loan Against Property?

No, Bajaj Finserv’s LAP comes with no end-use restrictions. Borrowers can use the funds for a variety of needs such as funding a child’s education, renovating a home, consolidating debts, or investing in business opportunities.

3. What are the eligibility criteria for salaried individuals applying for a Loan Against Property?

Salaried applicants should be Indian residents aged between 25 and 85 years at the time of loan maturity. They must be employed with a stable income source from a public or private company, with a minimum of 3 years of work experience. Additionally, a CIBIL score of 700 or higher is considered ideal for approval.

4. How quickly can I expect the loan amount to be disbursed after approval?

Bajaj Finserv ensures swift processing, with loan disbursal typically occurring within 72 hours of approval, provided all necessary documents are submitted and verified. This quick turnaround helps borrowers address urgent financial needs promptly.

5. What repayment options are available for a Loan Against Property?

Borrowers can choose from various repayment methods, including standard EMIs, part-prepayments, and foreclosure. Bajaj Finserv offers flexible tenure options of up to 15 years, allowing borrowers to select a repayment plan that aligns with their financial capabilities.