An OTP will be sent to this number for verification
You may have a pre-approved offer
Enter required loan against property amount
In summary
- A secured loan that allows borrowers to access funds by pledging an eligible property as collateral.
- The loan amount can be used to meet higher education expenses in India or abroad, subject to applicable terms and conditions.
- The property offered as collateral must meet the lender's eligibility criteria and documentation requirements.
- The loan amount depends on factors such as the property's value, borrower's income, credit profile, and repayment capacity.
- Borrowers repay the loan against property through regular EMIs over the selected repayment tenure.
What expenses can a loan against property for education cover?
The funds may be used to meet various expenses related to higher education, depending on the lender's terms and applicable conditions.
Common education-related expenses may include:
- Tuition and course fees
- Admission-related expenses
- Examination fees
- Hostel or accommodation expenses
- Books and study materials
- Equipment and technology required for education
- Travel expenses for overseas education
- Other approved education-related expenses
Eligibility criteria for a loan against property for education
Eligibility requirements may vary depending on the lender and applicant profile. Anyone can apply for our Bajaj Finance Loan Against Property for education as long as they meet the criteria mentioned below.
- Nationality: You must be an Indian citizen residing in India with property in a city we operate in.
- Age: Minimum age: 21 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.
- The CIBIL Score is an important indicator of your creditworthiness. To get a loan against property, it is preferable to maintain a CIBIL Score of 650 or higher.
- Occupation: Salaried, self-employed professionals like doctors, and self-employed non-professionals are eligible to apply.
Documents required for a loan against property for education
The exact documents required may vary depending on the applicant's profile and lender requirements. However, when applying for a Bajaj Finance Loan Against Property for education, applicants may generally be required to submit the following documents for identity, income, and property verification:
- Proof of identity/ residence - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
- If your current address is not the same as the OVD document provided, please share any of the listed DOVD documents. Click here to view the documents.
- Proof of income
- Property-related documents
- Proof of business (for self-employed applicants), and
- Account statements for the last 6 months
Loan against property for education vs Education loan
| Parameter | Loan Against Property for Education | Education Loan |
|---|---|---|
| Type of loan | A secured loan where an eligible residential or commercial property is pledged as collateral to access funds for education-related expenses. | A loan specifically designed to finance eligible higher education expenses, subject to the lender's terms and eligibility criteria. |
| Collateral | Requires an eligible property as security for the loan. | May be secured or unsecured, depending on the loan amount, lender, and applicant's profile. |
| Loan amount | The amount may depend on the property's value, income, credit profile, and repayment capacity. | The amount depends on the course, institution, applicant's profile, and lender's assessment. |
| Use of funds | Can help meet eligible education-related expenses in India or abroad, subject to applicable terms. | Generally covers approved expenses such as tuition fees, accommodation, books, and other education-related costs. |
| Repayment | Repaid through EMIs over the selected repayment tenure. | Repaid as per the applicable loan terms and repayment schedule. |
| Suitable for | Borrowers who own an eligible property and require substantial funds for education. | Students or co-borrowers seeking dedicated financing for higher education expenses. |
The suitable option depends on the borrower's funding requirement, repayment capacity, eligibility, and availability of collateral. However, a loan against property for education can be a suitable financing option for borrowers who own an eligible property and require substantial funds to meet higher education expenses.
Show More
Show Less
Frequently Asked Questions
Overview
Other considerations
Can I use a loan against property for higher education?
Yes, a loan against property can help finance eligible higher education expenses. Borrowers may use the funds for requirements such as tuition fees, accommodation, books, travel, and other education-related expenses, subject to applicable terms and conditions.
Is a loan against property for education secured or unsecured?
A loan against property for education is a secured loan because the borrower pledges an eligible property as collateral. The property serves as security for the loan until the repayment obligations are fulfilled, subject to the applicable loan terms and conditions.
Who can apply for a loan against property for education?
Eligible individuals who meet the lender's criteria and own an acceptable residential or commercial property may apply for a loan against property for education. The lender may assess factors such as age, income, credit profile, repayment capacity, property value, and existing financial obligations.
What property can be used as collateral?
An eligible residential or commercial property may be offered as collateral, subject to the lender's criteria. The property may be assessed based on its location, ownership, market value, legal status, documentation, and other applicable factors before the loan is approved.
What documents are required to apply for a loan against property for education?
Applicants may generally need to submit identity and address proof, PAN card, income documents, bank statements, property-related documents, and business proof where applicable. The exact requirements may vary based on the applicant's profile, property details, and lender's verification process.
How is a loan against property for education repaid?
The loan is generally repaid through regular EMIs over the selected repayment tenure. The EMI depends on factors such as the loan amount, applicable interest rate, and repayment tenure. Borrowers should choose a repayment structure that aligns with their financial capacity.
Can a loan against property be a suitable option for education expenses?
Yes, a loan against property can be a suitable option for borrowers who own an eligible property and require substantial funds for higher education expenses. It may provide access to funds by leveraging the property's value. However, borrowers should consider their repayment capacity before applying.
What should I consider before taking a loan against property for education?
Before applying, consider the total education funding requirement, applicable interest rate, EMI, repayment tenure, property eligibility, documentation requirements, and other loan terms. Ensure that the EMI fits comfortably within your budget, as timely repayment is important when a property is pledged as collateral.
Loan Against Property for different budget
Check your pre-approved offer now
Loan Against Property for Professionals
Find your nearest branch
What do our customers say about us
customers
Play Store rating
reviews
Anita Das
04 March 2026
The loan against property process was smooth and transparent. Interest rates were competitive, and the documentation requirements were minimal. The team provided clear guidance at every step, making the entire experience hassle-free. Highly recommended for quick approvals and reliable support.
Aashish
04 March 2026
The loan disbursal was quick, and the customer support team handled all my queries with patience and clarity. Flexible EMIs made it easy to manage monthly expenses. Overall, a great experience, especially for salaried individuals seeking a loan against property.
Prakash
04 March 2026
I had a great experience transferring my existing loan against property. The process was quick and hassle-free, and I saved significantly with the lower interest rate. The customer service team was supportive throughout. Highly recommended for anyone considering a balance transfer.
Yogesh Singh
04 March 2026
Clear guidance, quick approval, and flexible repayment options made purchasing my new house much easier than expected. The team managed the entire process professionally and ensured smooth coordination at every stage. Overall, a very satisfying experience, and I would recommend their home loan services to others.
Related articles
Watch our videos
Know the tax benefits on your loan against property
What are the documents required for a Loan Against Property?
What are the types of property eligible for Loan Against Property
What is the eligibility criteria for a Loan Against Property
Bajaj Finance app for all your financial needs and goals
Trusted by 50 million+ customers in India, Bajaj Finance App is a one-stop solution for all your financial needs and goals.
You can use the Bajaj Finance App to:
- Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
- Invest in fixed deposits and mutual funds on the app.
- Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
- Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
- Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
- Shop from over 100+ brand partners that offer a diverse range of products and services.
- Use specialised tools like EMI calculators, SIP Calculators
- Check your credit score, download loan statements and even get quick customer support—all on the app.
Download the Bajaj Finance App today and experience the convenience of managing your finances on one app.
Disclaimer
1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.
2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.