Quick apply

Just 60 seconds to apply

Please enter your first name
Please enter your Last Name
Please enter 10 digit mobile number
Please enter your Birth date
Please enter valid PAN card number
Please enter your pin code
Please enter your net monthly salary
Please enter your Annual Turnover 18-19

I authorize Bajaj Finserv representative to call /SMS towards this application and other products/services. This consent overrides my registration for DNC/NDNC. T&C

Thank you

How does a Mortgage Loan work?

Mortgage loans are secured in nature. A borrower must mortgage a property with the lender to avail this type of a loan. The collateral is held by the lender until full repayment of the loan is done. The loan is repaid through equated monthly instalments or EMIs.

The repayment schedule of a mortgage loan is calculated on the basis of amortisation. It refers to the process of calculating the amount of EMI. The value mainly depends upon the mortgage loan interest rates and the principal loan amount.

At the initial stages, the interest component will constitute a larger part of your EMIs as compared to the principal amount. As you continue through the repayment tenor, the principal component of your EMI will increase while the interest value will decrease. However, the total EMI value will remain constant throughout the tenor.

Some other features of mortgage loans include:

1. High-Value Loans
A salaried individual can avail up to Rs. 1 crore, while a self-employed individual can avail up to Rs. 3.5 crore.
2. Longer Repayment Tenors
The repayment tenor ranges from 2 to 20 years for salaried customers and 2 to 18 years for self-employed customers.
3. Competitive Interest Rates
Mortgage loan interest rates are lower than the interest rates of unsecured loans.
4. Minimal Documents
You only have to provide few basic documents to avail a mortgage loan. Bajaj Finserv processes the fastest Loans Against Property in just 72 hours along with loan amount disbursals within 4 days.
5. Simple Eligibility Criteria
The mortgage loan eligibility criteria can be fulfilled easily. You have to be within the age bracket of 33 and 58 years if you are salaried, and between 25 and 70 years of age if you are self-employed. A good CIBIL score will further ease the loan approval process.

Apply for a Bajaj Finserv Mortgage Loan and finance your needs today.

People Also Considered

Loan Against Property-Image

Loan Against Property

Avail a Mortgage Loan customized to your needs

Loan Against Property for higher education-Image

Loan Against Property-Education

Fund your child’s education conveniently

Loan Against Property for wedding-Image

Loan Against Property-Wedding

Manage all your wedding expenses

Loan Against Property for debt consolidation-Image

Loan Against Property Calculator

Calculate your monthly installments