Loan against property up to Rs. 20 Lakh
Bajaj Finserv thus brings Rs. 20 Lakh loan to help you meet your financial requirements. You may also utilise the loan amount to meet your professional expenses like infusing working capital in your business.
The accompanying features and benefits of this loan against property give you multiple reasons to avail it.
Features and Benefits of Rs. 20 Lakh Loan Against Property
Applicants interested in availing a property loan up to Rs. 20 lakh can read below points to know about the features of the Bajaj Finserv loan against property.
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Fast approval and disbursal
Get a green light for your loan against property application quickly and receive funds in your account within 72 hours* of approval.
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No limit on end use
Utilise our mortgage loan for personal and professional needs alike. There are no restrictions on how to use the money.
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Flexible tenor
Enjoy comfortable loan repayment over a period of up to 15 years if you’re self-employed, and up to 15 years, if you’re salaried.
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Flexi advantages
Use the Flexi facility to pay interest-only EMIs at the start of the tenor. Withdraw or part-prepay multiple times, if you wish to.
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High top-up loan
Carry out a balance transfer to Bajaj Finserv at low interest rates and also get extra finance sans additional documentation.
Loan against property up to Rs. 20 Lakh
Our Loan Against Property gives you funds of up to Rs. 20 lakh to use as you please, be it for your business or child’s education. In fact, by pledging a property of higher value, you can secure up to Rs. 10.50 crore* as a loan. The low interest rates make repayment hassle-free, and the long tenor helps you tailor repayment as per your affordability. You can simply use the loan against property EMI calculator to determine this.
You benefit even when you carry out a balance transfer to Bajaj Finserv, as you can enjoy better interest rates, as well as a substantial top-up loan without submission of additional documents.
Eligibility criteria and documents required for salaried applicants
Our property loan eligibility criteria are uncomplicated, and you only have to submit a few documents to prove your eligibility when you fill the online application form. Following are the documents required from salaried customers.
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Nationality
Resident of India, owning property in the following locations:
Delhi & NCR, Mumbai & MMR, Chennai, Hyderabad, Bangalore, Pune, Ahmedabad -
Age
You must be between 25 years (18 years for non-financial property owners) to 85 years* (including non-financial property owners)
* 85 years* of age or less at the time of loan maturity -
Employment
Salaried employee of any private, public, or multinational organization
Eligibility criteria and documents required for self-employed applicants
Our property loan eligibility criteria is equally simple for self-employed individuals. Following are the documents required from them.
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Nationality
Resident of India, owning property in the following locations:
Bangalore, Indore, Nagpur, Vijayawada, Pune, Chennai, Madurai, Surat, Delhi & NCR, Lucknow, Hyderabad, Cochin, Mumbai, Jaipur, Ahmedabad -
Age
You must be between 25 years (18 years for non-financial property owners) to 85 years* (including non-financial property owners)
* 85 years* of age or less at the time of loan maturity -
Employment
Self-employed individual with a consistent income from business
Interest Rates, Fees, and Charges on Rs. 20 Lakh Loan Against Property
We levy competitive loan against property interest rates and associated charges. Once you know the costs involved, learn how to apply for mortgage loan.
*Conditions apply
Loan Against Property EMI Based On Amount |
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Frequently asked questions
The EMI for a Rs. 60 lakh loan against property depends on factors such as the interest rate, loan tenure, and type of loan. For a Rs. 20 lakh loan against property at 8% interest and a 15-year tenure, the Equated Monthly Installment (EMI) is approximately Rs. 19,352. This calculation considers the loan amount, interest rate, and tenure, ensuring manageable repayment over the loan period.
