Get a loan against property at interest rates starting from 9% to 14% per annum (Floating rate of Interest) p.a.
Manage your urgent financial needs by getting a loan against your property for a tenure of up to 15 years. We offer a loan amount of up to Rs. 10.50 Crore*, and you can use the loan amount without any end-use restrictions. Enjoy additional benefits like no foreclosure charges, quick disbursal, and hassle-free application process.
A loan for all your goals
Features and benefits of our loan against property
All you need to know about our Loan Against Property
Watch this video to know everything about our loan against property: Features and benefits, fees and charges, eligibility criteria, and more.
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Loan amount of up to Rs. 10.50 Crore*
Manage your urgent financial needs with a sizeable loan amount of up to Rs. 10.50 Crore* sanctioned based on your mortgaged property.
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Low interest rates
Our loan against property comes with affordable interest rates starting from 9% to 14% (Floating rate of Interest) p.a.
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Disbursal in 72 hours*
Get money in your bank account within 72 hours* of the approval, in some cases, even earlier.
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Tenure of up to 15 years
You can repay your loan amount conveniently with a repayment tenure ranging up to 15 years.
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Multiple end-use options
With no end-use restrictions, use the loan amount for an emergency or pay for wedding expenses, higher education or business expansion.
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No foreclosure charges
An individual borrower who opts for a floating interest rate can pre-prepay a part or close the entire loan without an additional fee or a penalty.
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Externally benchmarked interest rates
Link your loan to an external benchmark such as the Repo Rate and benefit during favourable market trends.
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*Terms and conditions apply.
Eligibility criteria and documents required
Anyone can apply for our loan against property as long as they meet the criteria mentioned below.
Eligibility 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.
Documents required:
- Proof of identity/ residence
- Proof of income
- Property-related documents
- Proof of business (for self-employed applicants), and
- Account statements for the last 6 months
Note: This is an indicative list that may change based on your actual loan application.
How to apply for a loan against property

Applicable fees and charges
We advise you to read about our fees and charges thoroughly before applying.
Types of fees |
Applicable charges |
Rate of interest (floating rate of interest) |
9% to 14% per annum |
Processing fee |
Up to 3.54% of the loan amount (inclusive of applicable taxes) |
Documentation charges |
Up to Rs. 2,360/- (inclusive of applicable taxes) |
Flexi fee |
Term Loan - Not applicable |
Prepayment charges |
Full prepayment
Part-prepayment
Note: If all borrowers and co-borrowers are individuals, loan availed on floating interest rates, and loan taken for purposes other than business use, then there will be no foreclosure/ part-prepayment charges. |
Annual maintenance charges |
Term Loan: Not applicable |
Bounce charges |
In case of default of repayment instrument, Rs. 1,500/- per bounce will be levied |
Penal interest |
Penal interest is applicable in the following scenarios: 1. Any delay in payment of monthly instalment shall attract penal interest at the rate of 3.5% per month on the monthly instalment outstanding, from the date of default until the receipt of monthly instalment 2. Default of other condition(s): In case of breach of terms of the loan agreement and/ or sanction letter terms, including but not limited to non-submission of requisite documents to BFL, it shall attract penal interest at the rate of 1% per annum on the loan amount till the date of rectification of such default to the satisfaction of BFL. The effective date of levying of penal interest shall commence from the date of committing the default, unless otherwise communicated to the borrower(s) in writing before the penal interest is levied. |
Stamp duty (as per respective state) |
Payable as per state laws |
Mandate rejection charges |
Rs. 450/- per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered |
Broken period interest/ pre-EMI interest |
Broken period interest/ pre-EMI interest shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios:
Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged:
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Mortgage origination fees |
Up to Rs. 6,000/- per property (inclusive of applicable taxes) |
Property insight (if availed) |
Rs. 6,999/- per property (inclusive of applicable taxes) |
Mandate registration charges |
In case of UPI mandate registration, Re. 1 (inclusive of applicable taxes) will be collected from the customer |
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Frequently asked questions
Any salaried or self-employed individual can apply for a Loan Against Property with Bajaj Finserv as long as you meet our eligibility criteria. Your age, employment status and city of residence are other key criteria.
If you are a salaried Indian citizen residing in India, between the age group of 25 years to 85 years, or a 25 years to 85 years old self-employed Indian, you are eligible. Other factors like your income profile, your CIBIL Score, etc. are also considered when you apply for a Loan Against Property.
*Terms and conditions apply
Loan Against Property is a secured loan in which you mortgage your property to a lender in exchange for a substantial sanction to cover your expenses. Several factors influence the final loan amount, including the individual's profile and repayment capacity, the property's market valuation, and the lender's loan to value ratio.
You can repay the total sum borrowed over a convenient repayment tenure of up to 15 years.
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 700 or higher.