A loan given against the mortgage of property is called Loan against Property. This is one of the cheapest retail loans after Home Loans.

Loan Against Property: Features and Benefits

Mortgaging existing property is a great way to get a loan at low interest rates to meet your current financial needs without actually selling off the same.

You can apply for a Loan against Property with Bajaj Finserv and make use of this opportunity. Use our EMI calculator to work out your finance needs.

Some other features and benefits attached with Loan against Property are:

Part prepayment facility

When you have extra cash in hand, you can choose to pre-pay a part of your loan amount in order to reduce your overall tenor/EMIs and help you close your loan quickly.
These points will help you understand the part-prepayment process better:

  • You can pre-pay up to six times in a calendar year
  • The minimum pre-payment amount cannot be less than the sum of 3 EMIs.
  • There is no maximum limit for the pre-payment amount.

Check out our Loan against Property part prepayment simulator to know more.

Nil foreclosure charges

Now you can choose to foreclose your loan anytime during your loan tenure without paying any foreclosure charges.Use the loan foreclosure calculator to ease the process.

Flexi saver

As an existing LAP customer, you can avail of the unique Flexi saver facility. Bajaj Finserv is the first non-bank in the country to offer a unique and innovative capability, offering you a combination of Term Loan and Credit Line facility with unique feature to save interest and manage cash flow efficiently.Use our flexi dropline principle calculatortoday!

Bajaj Finserv also offers 3 EMI free months, a unique initiative to help the customer manage their finances better. Try out our Loan against Property 3 EMI holiday calculator.

Online account access

You can view all your loan account details and transact on your loan account on our Customer Portal. Log in with your User ID/ Mobile Number/Email and Password.

Customized insurance schemes

Group credit protection plus from bajaj allianz

  • Level term Plan, which means you are covered for the complete amount despite reduction/ prepayment of loan amount.
  • Coverage for the complete tenure of the loan up to a maximum of 18 years.

Bajaj Allianz SFSP policy

Bajaj Allianz’ SFSP Policy offers a comprehensive insurance cover for your home (i.e. residential building) against various contingencies to ensure that your prized possession is always safe!

To know more about our Loan against property agreement, terms and conditions or if you have any questions, check out the Loan against property FAQs.

 

Contact Us

Not yet an existing customer?

You’ll be surprised how easy it is to get a Durable Finance loan with Bajaj Finserv even if you’ve never used our services before. Just visit any of our 12000+ retail partner outlets across over 140 cities in the country and our in-store representative shall guide through the entire process.
Click here to find the nearest outlet in your city.

For existing customers

Follow these steps to use our toll free IVR:

  •  Dial 020 3957 5152 (call charges apply) (W.e.f. 2 May 2015)
  •  Enter your 7-digit BFL Customer ID
  •  Select from various IVR options
  •  Access IVR in 10 languages: English, Hindi, Bengali, Marathi, Punjabi, Gujarati, Tamil, Telugu, Kannada and Malayalam
  •  Access to all loan details

Email

wecare@bajajfinserv.in for all your queries

SMS updates

SMS <<keyword below>> to +91 92275 64444
GETEMAIL for your current email address 
UPDEMAIL <New email> to update your email address 
GETADD for your current registered email address
CUSTID to know your customer ID
LAN to know your Loan Account Number
EMI LAN to know your loan/ EMI details
EXPERIA to know your Experia user ID and password 
PIN to know your 4 digit EMI card PIN
FEEDBACK to give your valuable feedback 
SAT Y Give a positive feedback 
SAT N to give a negative feedback
(Your mobile number should be registered with us for this facility). Standard SMS Charges applicable

Visit Our branch  to:

  • Change mode of payment (Swapping)
  • Purchase/cancel insurance policy
  • Foreclose loan
  • Claim refund

To know the address of your nearest branch Click Here.

Follow these simple steps to log on to our customer portal (Experia)

  • Visit www.bajajfinserv.in
  • Log in using your user ID and password
  • Access all loan details
  • Manage your loans
  • View special offers