Features and benefits of our loan against property balance transfer

Read on to know why our loan against property balance transfer is a great option.

Features and benefits of our loan against property balance transfer

All you need to know about Loan Against Property Balance Transfer 00:40

All you need to know about Loan Against Property Balance Transfer

Learn about the features and benefits of loan against property balance transfer.

  • Low interest rates

    Low interest rates

    Transfer your current loan against property to us and get an attractive interest rate starting from 8% to 14% (Floating rate of Interest) p.a.

  • Balance transfer of up to Rs. 10.50 crore*

    Balance transfer of up to Rs. 10.50 crore*

    By transferring your existing loan against property to us, you can be eligible to get a balance transfer of up to Rs. 10.50 crore*.

  • Speedy approval

    Speedy approval

    Get a quick approval on your loan application soon after your document verification.

  • Tenure

    Tenure of up to 15 years*

    Manage your loan easily with convenient repayment tenure of up to 15 years*.

  • Multiple end-use options

    Multiple end-use options

    Use the loan amount to meet your financial requirements like wedding expenses, medical emergencies, home renovation costs, and more.

  • No foreclosure charges*

    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.

  • Externally benchmarked interest rates

    Externally benchmarked interest rates

    You can opt for an interest rate linked to the Bajaj Floating Reference Rate (BFRR). This offers a transparent interest rate process and allows you to benefit from favourable market conditions, as the BFRR is periodically reviewed and approved by internal committees. Any existing loan agreements held by Bajaj Finance customers linked to external benchmarks will remain unaffected.

  • *Terms and conditions apply

    A property mortgaged as collateral is used to obtain a loan known as a loan against property (LAP). If, in any case, you feel that you need to change your loan against property lender, then you can make a balance transfer. Along with better terms and competitive interest rates, you also get a desirable repayment tenure. With the Bajaj Finserv Loan Against Property Balance Transfer, you also get a top-up on your existing loan. This top-up loan can be up to Rs. 10.50 crore*.

    Any individual borrower can easily apply for our loan against property balance transfer, regardless of whether they are a salaried professional, a self-employed individual, or a doctor. If you are prepared with the necessary paperwork, our application process is quick and simple, and you can submit a balance transfer request in 5 minutes.

    Pre-payment and foreclosure options are also available, both of which are free of charge. If you are an individual borrower with a floating interest rate, there are no penalties for paying off your loan early.

    Still haven’t found what you are looking for? Click on any of the links at the top of this page.

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Step-by-step guide to apply for our loan against property balance transfer

  1. Click on the 'APPLY' button on this page.
  2. Enter your pin code and click Proceed.
  3. Provide your basic details like your full name and mobile number.
  4. 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.
  5. Generate and submit your OTP to verify your phone number.
  6. Enter further details like your property location, your current EMI amount/ monthly obligation, and your PAN.
  7. Click on the ‘SUBMIT’ button.

That is it! Your balance transfer request is submitted. Our representative will connect with you and guide you through the next steps.