Your Loan Against Property with us
Check details and make payments on your loan against property with us
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. 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.
Loan Against Property EMI Calculator
Calculate your EMIs and plan your loan betterFeatures and benefits of our loan against property
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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 12% (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 & subject to receipt of all applicable documents and basis risk policy.
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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*
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.
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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.
*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 - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
- 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 loan against property
Step-by-step guide to applying for a loan against property
- Click on the 'APPLY' button on this page.
- Enter your pin code and click Proceed.
- Provide basic details like your full name and mobile number.
- Now select the type of loan that you wish to apply for, your net monthly income, your area pin code, and the required loan amount.
- Generate and submit your OTP to verify your phone number.
- Enter further details like your property location, your current EMI amount/ monthly obligation, and your PAN number.
- Click on the ‘SUBMIT’ button.
That is it! Your loan request is submitted. Our representative will connect with you and guide you through the next steps.
Applicable fees and charges on our loan against property
Types of fees |
Applicable charges |
Rate of interest (floating rate of interest) |
9% to 12% per annum
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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 The Flexi charges above will be deducted upfront from the loan amount. |
Prepayment charges |
Full prepayment |
Annual maintenance charges |
Term Loan: Not applicable |
Bounce charges |
Rs. 1,500/- per bounce. "Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason. |
Penal interest |
Penal Charge is applicable in the following scenarios: a. Penal Charge: b. Covenant Perfection Charge: |
Stamp duty (as per respective state) |
Payable as per state laws |
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: |
Mortgage origination fees |
Up to Rs. 6,000/- per property (inclusive of applicable taxes)
Note - In case of re-valuation of the property then MOF will be levied again and shall be deducted from loan disbursement amount. |
CERSAI charges |
Up to Rs. 118/- (inclusive of applicable taxes) |
Conversion fee (floating to fixed) |
For Term Loan: Up to 1.18% (inclusive of applicable taxes) of principal outstanding + undisbursed amount (if any)
For Flexi Term Loan and Hybrid Flexi Loan: Up to 1.18% (inclusive of applicable taxes) on flexi limit + undisbursed amount (if any) Note: a) The company would charge additional interest rate risk premium of 200 bps over the applicable rate of interest on the borrower's loan account as on that date. b) Three conversions are permissible throughout the entire tenure |
Conversion fee (fixed to floating) |
For Term Loan: Up to 1.18% (inclusive of applicable taxes) of principal outstanding + undisbursed amount (if any) For Flexi Term Loan and Hybrid Flexi Loan: Up to 1.18% (inclusive of applicable taxes) on flexi limit + undisbursed amount (if any) Note: Three conversions are permissible throughout the entire tenure. |
Switch fee for ROI change |
Up to 2.36% (inclusive of applicable taxes) of principal outstanding. |
Commitment fee |
Maximum up to total PF amount. |
Legal Charges | Recovery of charges |
Repossession & Incidental charges | Recovery of charges |
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Our loan variants
Loan variant |
What is it |
Flexibility |
Withdrawals |
EMIs |
Part-prepayment Charges |
Flexi Charges |
Flexi Hybrid Loan |
Allows flexibility in borrowing and repaying within a specified loan limit. You can withdraw and repay multiple times within the approved limit. Interest-only EMI is charged during the Initial Tenure, only on the amount utilised. |
Easily withdraw funds from the sanctioned limit and prepay effortlessly with our most flexible loan variant. |
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Interest-only EMIs for the initial part of the loan tenure. EMI applicable only on the withdrawn amount. |
No part-prepayment charges. |
Nominal* Flexi charges applicable. |
Flexi Term Loan |
Offers flexibility in borrowing and repaying within a specified loan limit. Your EMIs cover both the principal and interest for the withdrawn sum over the entire duration. |
Easily withdraw funds from the sanctioned limit and prepay effortlessly. More flexible than our regular term loan. |
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Fixed EMIs only on the withdrawn amount. |
No part-prepayment charges. |
Nominal*Flexi charges applicable. |
Term Loan |
There is no pre-assigned limit. Involves borrowing a fixed amount for a specified term. Repayments are made through regular EMIs, comprising both principal and interest. |
Fixed loan structure and repayment schedule. Less flexible than our flexi term or flexi hybrid loans. |
Single disbursement of the loan amount. |
Fixed EMIs on the disbursed amount. |
Nominal*part-prepayment charges applicable. |
No Flexi charges. |
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 or a self-employed Indian citizen residing in India, between the age group of 25 years to 85 years, 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.
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Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.