1 min read
25 May 2021

Loans against property, also known as LAP, are becoming increasingly popular among borrowers. They are convenient, have a longer tenor, lower EMIs and are relatively cheaper than other types of loans. A Loan Against Property is like a secured personal loan that the loan amount can be used for any purpose.

Being backed by assets or property, it is a more affordable mode of financing than a personal loan. Loan Against Property is preferred by borrowers as it provides the money that can be used for any purpose, such as business expansion, overseas education costs or a medical emergency.

Bajaj Finserv Loan Against Property come with a host of benefits that make it one the most preferred Loan Against Property in India.

1. Competitive Interest Rates

Loan against property come with a low interest rate than compared to other types of loan. With a competitive rate from Bajaj Finserv, your Loan Against Property EMIs are affordable and manageable.

Click this link to fill the application form for loan against property, and the company’s representative will get in touch with the best rates available for you.

2. High Loan Amount

Loan against property are high value loans. Your property is put up as collateral, and the loan amount can go up to 60-70% of the value of that property. Property values are among the most expensive assets that a person owns. Therefore, the loan amount is also very high.

Additional Read: Tax Benefits on Loan Against Property

Bajaj Finserv offers sizeable Loan Against Property sanctions to both salaried and professional applicants, basis eligibility.

3. Flexible Loan Tenor

Bajaj Finserv’s Loan Against Property offer a convenient and hassle-free repayment experience with its flexible tenor.

Additional Read: Ideal Tenure of Your Loan Against Property

Salaried individuals select a tenor that can be anything from 2-20 years as per their monthly salary, whereas self-employed individuals have the liberty to spread their EMIs over 18 years.

4. Balance Transfer Facility

The competitive interest rates coupled with the ease of repayment process, make it an attractive option even to those who have existing Loan Against Property from other financial institutions. With Bajaj Finserv you can easily transfer the balance on your existing Loan Against Property at a better deal.

The transfer is made hassle-free with minimum documentation requirements, and you also get a high value top-up loan as per your needs.
 

DISCLAIMER:
While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. In case any inconsistencies observed, please click on reach us.

*Terms and conditions apply