Features and benefits of Rs. 50 lakh loan against property
To find more about the features and benefits of a loan against property, read on.
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Reasonable rate of interest
Bajaj Finserv offers applicants an affordable funding option to fit their finances.
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Quick loan disbursal
Get the sanction in your account within 72 hours* of approval on your application.
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High-funding sanction amount
Bajaj Finserv provides loan amount of up to Rs. 10.50 crore* to eligible candidates, to boost your home buying journeys.
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Digital monitoring and minimal documents
Now keep a close eye on all your loan developments and EMI schedules through the Bajaj Finserv online platform.
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Flexible tenor
A long mortgage repayment tenor of up to 15 years allows you to repay the loan at your convenience, without financial strain.
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Prepay conveniently
Part-prepay or foreclose your loan at any time to lower your outgo, while incurring nil or nominal charges.
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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 up to Rs. 10.50 crore*, 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 15 years through manageable EMIs. Use the Mortgage Loan Calculator to determine EMIs in advance.
*Conditions apply
Loan against property EMIs for loans of Rs. 50 lakh
Here are a few tables to offer insight into the EMIs payable for different conditions. You can also use our loan against property EMI calculator to calculate EMIs for different loan amounts with different tenures.
Condition 1: When the tenure varies for a loan amount of Rs. 50 lakhs availed at an interest rate of 8%* p.a.
Loan amount |
Interest Rate |
Tenure |
EMI |
Rs. 50 lakh |
8%* p.a |
5 years |
Rs. 1,01,382 |
Rs. 50 lakh |
8%* p.a |
10 years |
Rs. 60,664 |
Rs. 50 lakh |
8%* p.a |
15 years |
Rs. 47,783 |
Rs. 50 lakh |
8%* p.a |
20 years |
Rs. 41,822 |
Rs. 50 lakh |
8%* p.a |
25 years |
Rs. 38,591 |
Rs. 50 lakh |
8%* p.a |
30 years |
Rs. 36,688 |
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. However, you can also calculate property area using our area converter to know the amount of loan you are eligible for.
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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
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 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 Click on our application form to apply online
- 2 Submit your personal and property details
- 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.
Loan against property EMI based on amount
EMI Based on Amount |
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Frequently asked questions
The Equated Monthly Installment (EMI) for a loan against property will depend on the loan amount, the interest rate, and the loan tenure. You can utilise the Bajaj Finserv Loan Against Property EMI Calculator to know your EMIs and plan your loan effectively.
If you are looking for a loan against property, you can initiate one with Bajaj Finance by following these steps:
- Click on the 'APPLY' button displayed on this page.
- Input your pin code and proceed by clicking.
- Furnish essential details like your complete name and mobile number.
- Select the loan type, your net monthly income, area pin code, and the preferred loan sum.
- Generate and furnish your OTP for verifying your phone number.
- Input further details such as property location, current EMI, and PAN number.
- Conclude by clicking the ‘SUBMIT’ button.
Our representative will contact you to assist with further steps.
