Diwali, the festival of lights, is not just about celebrations but also an ideal time to plan significant financial decisions. Whether you are looking to renovate your home, buy property, or manage other big-ticket expenses, a loan against property can provide the necessary financial support. This festive season, Bajaj Finance offers exclusive Diwali loan against property offers with attractive features, helping homeowners unlock funds quickly and conveniently. With lower interest rates, flexible repayment options, and hassle-free approval, Diwali has become the perfect time to secure a loan that aligns with both your financial goals and festive plans.
What is a loan against property and how does it work?
A loan against property is a secured financial product where borrowers pledge their residential, commercial, or industrial property to avail funds from a lender. Unlike personal loans, loan against property offers higher loan amounts and lower interest rates because the property serves as collateral.
Here’s how it works:
- The lender evaluates the market value of the property.
- Based on the property’s value and the applicant’s financial profile, a loan amount is sanctioned.
- Borrowers repay the loan through EMIs over a specified tenure. I
- Failure to repay can result in the lender claiming the pledged property.
What is the Diwali loan against property offer?
The loan against property offer from Bajaj Finance is designed to provide borrowers with festive benefits while accessing funds against their property. Key highlights include:
- Lower interest rates specifically for the festive season.
- Flexible repayment options tailored to suit individual financial capabilities.
- Quick and hassle-free approval with minimal documentation.
- High loan amounts based on property value.
- Special processing fee waivers during Diwali.
- Availability for both residential and commercial properties.
Why is Diwali the perfect time to apply for a loan against property?
Diwali is considered a propitious time for financial decisions in India. Many individuals plan to invest in homes, renovate properties, or expand businesses during this period. Applying for a Loan Against Property during Diwali offers multiple advantages:
- Festive discounts and waivers – Many lenders offer lower loan against property fees, reduced interest rates, or additional cashback.
- Availability of high loan amounts – Borrowers can leverage their property to get substantial funds for home improvement, business expansion, or debt consolidation.
- Convenient documentation and approvals – With digital applications, the process becomes faster and less time-consuming.
- Aligns with long-term financial planning – Taking a loan against property during Diwali ensures timely availability of funds for immediate requirements while allowing structured repayment over time.
Investing or borrowing during this auspicious period also aligns with traditional beliefs that Diwali is a time of prosperity, making it a psychologically and financially favourable choice.
Key benefits of choosing Bajaj Finserv Loan Against Property this Diwali
Bajaj Finance makes borrowing against your property easy with these advantages:
- Substantial loan amounts: Access funding of up to Rs. 10.50 Crore* to secure your intellectual assets, invest in legal protections, or grow your business.
- Flexible repayment tenures: Enjoy repayment terms of up to 15 years*, ensuring financial stability while managing your expenses.
- Hassle-free application process: With minimal documentation and easy eligibility criteria, you can apply online seamlessly from the comfort of your home or office.
Eligibility criteria for Bajaj Finserv Loan Against Property
Applicants must meet the following 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 basis 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 non-professionals are eligible to apply.
How to apply for the Bajaj Finserv Loan Against Property?
- Click on “APPLY” button on this page.
- Enter your 10 digit mobile number and OTP.
- Fill in the application form with your Personal Details, Business/Employment/Professional details, Property details and proceed.
- Enter your loan amount that you need, choose from our three loan variants- Flexi term loan, Flexi Hybrid Term Loan, and Term loan.
- Choose the repayment tenure - You can select tenure option of 12 month to 180 month and click on proceed.
Tips to maximise your benefits This Diwali
- Compare offers from multiple lenders before finalising.
- Use the loan against property EMI calculator to ensure the monthly repayment fits your budget.
- Submit accurate and complete documents to avoid delays.
- Opt for festive waivers and discounts to save on processing fees.
- Plan the loan tenure wisely to balance repayment and liquidity.
Conclusion
The loan against property by Bajaj Finance provides a unique opportunity for borrowers to avail substantial funds with minimal hassle. With lower interest rates, flexible repayment options, quick approval, and festive processing fee waivers, this LAP makes financing property-related expenses simpler and more cost-effective. By understanding eligibility criteria, preparing the necessary documents, and applying through the online or offline process, residents can make the most of this festive season to achieve their homeownership or renovation dreams. Diwali has never been a better time to secure your financial future with a loan against property. By using your property as collateral, you can unlock access to large funds of up to Rs. 10.50 Crore*—it is a smart way to manage your finances with ease! Get funds within 72 hours* of approval.
