Loan Against Property Balance Transfer

EMIs starting from ₹750/lakh | Flexible tenure options
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Trusted by 3 lakh+ customers

Loan Against Property Balance Transfer
EMIs starting from ₹750/lakh | Flexible tenure options

Features and benefits of our loan against property balance transfer

Repayment and tenure options available with Loan Against Property
 

Repayment and tenure options available with Loan Against Property

  • Low interest rates

    Salaried professionals can get a competitive interest rate starting from 7.5% to 18% (fixed or floating rate of interest) p.a. on a balance transfer.

  • 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.

  • Multiple end-use options

    Use the loan to manage your big spending 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*.

  • Quick approval

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

  • 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 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 refinance your loan against property lender, then you can use our balance transfer facility. 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 salaried 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.

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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Eligibility criteria and documents required

Any salaried individual can apply for our loan against property balance transfer 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.
    • CIBIL Score: A CIBIL Score of 700 or higher is ideal to get an approved loan against property balance transfer.
    • Employment status: As a salaried applicant, you must be employed with a stable income source from a public or a private company with a minimum of 3 years of work experience.

  • Documents required

    • Proof of identity/ residence - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
    • Property-related documents (Mortgage documents, Title deed)
    • Proof of income (latest salary slips, IT Returns),
    • Proof of employment (ID card issued by employer), and
    • Account statements for the last 6 months

Note: This is an indicative list that may change based on your actual loan application.

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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 basic details like your full name and mobile number.
  4. Choose ‘Salaried’ as your employment status.
  5. 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.
  6. Generate and submit your OTP to verify your phone number.
  7. Enter further details like your property location, your current EMI amount/ monthly obligation, and your PAN number.
  8. Click on the ‘SUBMIT’ button.

That’s it! Your balance transfer request has been successfully submitted. Our representative will connect with you shortly to guide you through the next steps, including details on loan against property interest rates and how to use the loan against property EMI calculator to plan your repayments better.

Property loan based on amount

50 Lakh Property Loan

30 Lakh Property Loan

25 Lakh Property Loan

10 Lakh Property Loan

20 Lakh Property Loan

35 Lakh Property Loan

40 Lakh Property Loan

60 Lakh Property Loan


Apply for a loan against property in different cities
 

Loan Against Property In Bangalore

Loan Against Property In Delhi

Loan Against Property In Hyderabad

Loan Against Property In Chennai

Loan Against Property In Kerala

Loan Against Property In Noida

Loan Against Property In Mumbai

Loan Against Property In Ghaziabad

Loan Against Property In Ahmedabad

Loan Against Property In Pune

Loan Against Property In Kolkata

Loan Against Property In Punjab


Popular calculators for your property loan calculations
 

Loan Against Property EMI Calculator

Loan Against Property Eligibility Calculator

Loan to Value Calculator

 

 

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Interest rates, fees and charges

Types of fees

Applicable charges

Rate of interest (floating rate of interest)

7.5% to 18% per annum (fixed or floating rate of Interest)

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 Facility Charge

Term Loan – Not applicable
Flexi Loan – Up to Rs 999/- to Rs 29,999/- (Inclusive of applicable taxes) will be deducted upfront from loan amount.

Prepayment charges

Full Pre-payment 

  • Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment 
  • Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, As on The Date of Full Prepayment.
  • Flexi Hybrid Term Loan/ Pure Flexi Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, As on The Date of Full Prepayment

Part Pre-payment

  • Term loan: Up to 4.72% (Inclusive of applicable taxes) of principal loan amount prepaid on the date of such part pre-payment
    Not Applicable - Flexi Term (Dropline)Loan, Flexi Hybrid Term Loan and Pure Flexi Loan

    Note: If the primary Borrower is individual or Micro & Small Enterprises (MSEs) with or without co-borrower and loan is availed on Floating Rate of Interest, then there will be no Foreclosure / Part Prepayment Charges applicable, irrespective of the source of funds used for pre-payment of loans, either in part or in full, and without any minimum lock-in period.

Annual maintenance charges

 Term Loan: Not Applicable

Flexi Term (Dropline)Loan: Not applicable

Flexi Hybrid Term Loan: Up to 0.295% (Inclusive of applicable taxes) of the Dropline Limit during Initial Loan tenure. Not applicable for subsequent loan tenure”

Pure Flexi : 0.295% (Inclusive of all taxes)will be applicable across all tenures

Bounce charges

Rs. 1,500 per bounce/- per bounce.

“Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Penal Charge

Penal Charge is applicable in the following scenarios:

Delay in payment of instalment(s) shall attract Penal Charge at the rate of 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws

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.

**The option of switching from floating to fixed rate of interest and vice versa would be applicable only to Borrowers whose loan qualify as personal loan as per RBI circular on Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal Loans- RBI/2023-24/55-DOR.MCS.REC.32/01.01.003/2023-24.
Personal loans refers to loans given to individuals and consist of (a) consumer credit, (b) education loan, (c) loans given for creation/ enhancement of immovable assets (e.g., housing, etc.), and (d) loans given for investment in financial assets (shares, debentures, etc.).
Further, Consumer credit refers to the loans given to individuals, which consists of (a) loans for consumer durables, (b) credit card receivables, (c) auto loans (other than loans for commercial use), (d) personal loans secured by gold, gold jewellery, immovable property, fixed deposits (including FCNR(B)), shares and bonds, etc., (other than for business / commercial purposes), (e) personal loans to professionals (excluding loans for business purposes), and (f) loans given for other consumptions purposes (e.g., social ceremonies, etc.). However, it excludes (a) education loans, (b) loans given for creation/ enhancement of immovable assets (e.g., housing, etc.), (c) loans given for investment in financial assets (shares, debentures, etc.), and (d) consumption loans given to farmers under KCC. For risk weighting purposes under the Capital Adequacy Framework, the extant regulatory guidelines will be applicable. (as defined in XBRL Returns – Harmonization of Banking Statistics-RBI/2017-18/117-DBR.No.BP.BC.99/08.13.100/2017-18)

Frequently asked questions

Features

Eligibility

Application process

Who can get a loan against property?

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.

Am I eligible for a loan against property?

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

How much loan will I get against my property?

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.

What is the maximum repayment tenure for a loan against property?

You can repay the total sum borrowed over a convenient repayment tenure of up to 15 years.

What should be my CIBIL Score if I want to apply for a loan against property?

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.

Which factors affect your loan against property eligibility?

To qualify for a loan against property, individuals must meet specific eligibility criteria that assess their ability to repay. The factors influencing eligibility include:

  • Credit score
  • Monthly income
  • Existing financial obligations and debt
  • Employment status
  • Applicant's age
  • Property value and typeTop of FormBottom of Form

What documents are required for a loan against property application?

Below are the documents required to apply for a loan against property from Bajaj Finance:

  • 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

How to apply for a loan against property in India?

Check eligibility, gather documents like ID proof, income proof, and property papers, and apply online or at a branch. The lender verifies details and approves the loan based on eligibility.

How to track your loan against property application status?

You can track the status of your loan against property application online by entering your application number/ID along with your mobile number/contact details.
Alternatively, you can reach out to your lender and inquire about your loan status by providing your application ID/reference number.

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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*.