Features and benefits of our loan against property balance transfer
All you need to know about our loan against property balance transfer
Watch this video to know everything about our loan against property balance transfer: Features and benefits, fees and charges, eligibility criteria, and more.
Balance transfer of up to Rs. 10.50 Crore*
Be eligible for a balance transfer of up to Rs. 10.50 Crore* on transferring your existing loan to us.
Low interest rates
Self-employed individuals can access competitive interest rates ranging from 8% to 14% (Floating rate of Interest) p.a.
Multiple end-use options
Use the loan to manage your big spends on weddings, higher education, medical emergencies, home renovation, and more.
Tenure of up to 15 years*
Manage your loan conveniently with a long repayment tenure of up to 15 years*.
Get a quick approval on your loan application soon after your document verification.
No foreclosure fee*
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 rate, 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 self-employed individual borrower can easily apply for our loan against property balance transfer. If you are prepared with the necessary paperwork, our application process is quick and simple, and you can submit a loan 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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