Features and benefits of our loan against property balance transfer
Features and benefits of Loan Against Property Balance Transfer
Learn about the features and benefits of loan against property balance transfer.
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*
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*.
Get a quick approval on your loan application soon after your document verification.
Tenure of up to 15 years*
Manage your loan easily with convenient repayment tenure of up to 15 years*.
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*
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
You can opt for an interest rate which is linked to an external benchmark, such as the Repo Rate, and benefit from a transparent interest rate process and favourable market conditions.
*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.
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