Features and benefits

To find more about the features and benefits of a loan against property, read on.

  • Reasonable rate of interest

    Reasonable rate of interest

    Bajaj Finserv offers applicants an affordable funding option to fit their finances.

  • Quick loan disbursal

    Quick loan disbursal

    Get the sanction in your account within 72 hours* of approval on your application.

  • High-funding sanction amount

    High-funding sanction amount

    Bajaj Finserv provides loan amounts of as much as Rs. 5 crore* to eligible candidates and even more, to boost your buying journeys.

  • Digital monitoring and minimal documents

    Digital monitoring and minimal documents

    Now keep a close eye on all your loan developments and EMI schedules through the Bajaj Finserv online platform.

  • Flexible tenor

    Flexible tenor

    A long mortgage repayment tenor of up to 18 years allows you to repay the loan at your convenience, without financial strain.

  • Prepay conveniently

    Prepay conveniently

    Part-prepay or foreclose your loan at any time to lower your outgo, while incurring nil or nominal charges.

  • Unique Flexi facility

    Unique Flexi facility

    Part-prepay or withdraw from your mortgage loan without any extra charge. Pay only interest as EMIs for the initial tenor.

Loan against property up to 50 lakhs

Secure a property you own to avail a loan against the property of up to Rs. 50 lakhs from Bajaj Finserv. Pledge a higher value property to get a loan of Rs. 5 crore*, or higher, basis eligibility. You can use the loan sanction to pay for diverse personal and professional needs such as weddings, business expenses, medical expenses, or higher education, as there is no restriction on usage.

The loan has attractive interest rates, and you can use the hassle-free balance transfer option to transfer an existing loan to Bajaj Finserv. Doorstep document collection makes application easy, and you can get the money in your bank account in just 72 hours* of approval.

The eligibility criteria are simple, and you can repay the loan comfortably, over a long tenor of up to 18 years through manageable EMIs. Use the Loan Against Property EMI Calculator to determine EMIs in advance.

*Conditions apply

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Fees and charges for loan against shop for salaried borrowers

Bajaj Finserv has competitive property loan rates for easy repayment.

For salaried borrowers where benchmark rate (BR) is salaried floating reference rate (SAL-FRR) prevailing BR is 12.9%, type of rate is floating, the effective rate of interest will be as followed:
 

Loan type

BR + Spread

Effective Rate of Interest (per annum)

Loan Against Property

FRR-4.40% to FRR -0.90%

8.50% to 12.00%


Fees and charges for loan against shop for self-employed borrowers

Bajaj Finserv has competitive property loan rates for easy repayment.

For self-employed borrowers where benchmark rate (BR) is self-employed floating reference rate (SE-FRR), prevailing BR is 13.3%, type of rate is floating, the effective rate of interest will be as followed:
 

Loan type

BR + Spread

Effective Rate of Interest (per annum)

Loan Against Property

FRR-3.30% to FRR +0.20%

10.00% to 13.50%

Eligibility criteria to avail a loan against property up to Rs. 50 lakhs

Our loan against property eligibility criteria are easy to meet. You can avail a sanction of Rs. 50 lakhs without any hassle.

  • Nationality

    Nationality

    Resident of India, owning property in the following locations:
    Delhi & NCR, Mumbai & MMR, Chennai, Hyderabad, Bangalore, Pune, Ahmedabad (for salaried employees) or Bangalore, Indore, Nagpur, Vijayawada, Pune, Chennai, Madurai, Surat, Delhi & NCR, Lucknow, Hyderabad, Cochin, Mumbai, Jaipur, Ahmedabad (for self-employed individuals)

  • Age

    Age

    23 years to 62 years (for salaried individuals) or 28 to 60 (for self-employed individuals)

  • Employment

    Employment

    Salaried employee of any private, public or multinational organization or self-employed individual with a consistent income from business

How to apply for a loan against property up to Rs. 50 lakhs

Apply for the Bajaj Finserv loan by following these 3 simple steps.

  1. 1 Click on our application form to apply online
  2. 2 Submit your personal and property details
  3. 3 Provide your income details for the best offer

Once you submit your application, our relationship executive will call and guide you on the next steps.