How Much Loan One can get Against Property

Loan Against Property is a secured credit you can avail by mortgaging your property with a financial institution. The credit option usually fetches you a high-value loan amount which you can use to meet multiple big-ticket expenses.

Bajaj Finserv offers this Mortgage Loan to borrowers on meeting minimum eligibility criteria and document requirements. Your maximum eligibility to avail this loan primarily depends on your income source. Bajaj Finserv provides this loan based on the income of both self-employed and salaried individuals.

Check out the maximum loan amount an individual belonging to either of the two income groups can avail.

a) For a self-employed individual – up to Rs.3.5 Crore.
b) For a salaried individual – Up to Rs.1 Crore.

Avail a Property Loan of high-value with Bajaj Finserv at competitive rates of interest and charges, which make it affordable to repay. With loan disbursal within 4 days of approval, it is the fastest secured credit option available.

Bajaj Finserv also offers this loan with a high Loan to Value LTV ratio. It is another factor that decides the maximum loan amount you are eligible to avail.

Additional Read: Loan for CIBIL Defaulter

The Concept of LTV and Its Impact on The Eligible Loan Amount

Each lender uses certain parameters to decide the LTV for sanctioning a Property Loan. Hence, the Loan to Value ratio varies from one lender to another. It is calculated with the formula given below.

LTV ratio = Amount of loan/Appraised value of property

Factors that affect this ratio may include the following.

  • Age of your property
  • Its location
  • Your age
  • Existing liability
  • Credit score

Based on such criteria, Bajaj Finserv offers these loans at an LTV of up to 75%.

Apply for a Bajaj Finserv Loan Against Property to enjoy a high loan amount and meet your long-pending big-budget plans or emergency financing requirements. Use the mortgage calculator to estimate the fixed monthly obligation as EMI and plan your finances accordingly.