Documents required for loan against property

Below is the list of documents* that is essential to applying for the loan against property.

  • Latest salary slips (only for salaried applicants)
  • Bank account statements of the previous 3 months
  • PAN card and Aadhar card
  • Address proof
  • Copy of the documents of the property that is to be mortgaged
  • IT returns (only for salaried applicants)

*Please note that the list of documents mentioned is indicative. During loan processing, additional documents may be required.

Eligibility criteria for loan against property

For salaried applicants, below is the eligibility criteria:

  • Residing Indian citizens
  • Between 28 to 58 years of age*
  • Working professionals at public or private companies or MNCs, with a minimum of 3 years of work experience

*The upper age limit is considered as the age at the time of maturity of the loan

Eligibility criteria for loan against property for self-employed individuals

For self-employed individuals, below is the eligibility criteria:

  • Residing Indian citizens
  • Between 25 and 70 years of age*
  • Able to prove a steady source of income

*The upper age limit is considered as the age at the time of maturity of the loan
Additionally, self-employed applicants are eligible for a loan against property if they reside in one of the below mentioned cities.

List of cities:

Hyderabad, Delhi, Kolkata, MumbaiPune, Ahmedabad, Chennai, Bangalore, Ahmedabad, Vizag, Udaipur, Surat, Indore, Aurangabad

Meet the below-mentioned basic eligibility criteria to avail a Loan against Property from Bajaj Finserv:

Eligibility criteria

Salaried individuals

Self-employed individuals


28 to 58 years

25- 70 years

Residential status

Resident of India

Resident of one of the following cities:
Delhi, Mumbai, Kolkata, Hyderabad, Ahmedabad, Thane Pune, Bangalore, Chennai, Udaipur, Vizag, Surat, Cochin, Aurangabad, and Indore

Employment status

Should be a salaried individual employed in a public sector company, private company, or an MNC

Should be self-employed with a steady source of income

Maximum loan tenor available

Flexible tenor up to 18 years

Flexible tenor up to 18 years

Maximum loan amount of

Up to Rs. 5 crore

Up to Rs. 5 crore

*The upper age limit is considered as the age at the time of maturity of the loan

Applicants must also have the necessary property documents along with proof of regular income. Once you meet the eligibility criteria, apply for a loan against property from Bajaj Finserv with the necessary documents handy to get disbursal within 72 hours*. You can also check the mortgage loan interest rate before proceeding to the application process.

Loan against property FAQs

What is the tenor for a loan against property?

If you need high-value financing for a business or personal reason, a loan against property from Bajaj Finserv is one of the most suitable financing solutions. The financial instrument’s suitability is not only because of the high-value funds one can avail of but also because of the option of flexible repayment tenors ranging up to 18 years.

How to select the right tenor

  • Analyse your current financial obligations
  • Review the apparent monthly budget
  • Evaluate financial prospects.

Note that the longer the loan against property tenor, the higher will be the EMIs and the total interest payable.

What security is required for a mortgage loan approval?

A loan against property is one of the most preferred secured loans in India, as applicants are free to use the funds as they deem fit. Bajaj Finserv offers up to 75–90% of a property’s market value as a loan. Provide any of the following as collateral for a mortgage loan with instant approval and disbursal:

  • Residential properties (both self-occupied and rented)
  • Commercial properties (both self-occupied and rented)
  • Residential plot with no construction
  • Industrial properties.

Fulfil our simple eligibility criteria regarding age, employment status, etc., and submit minimal documents to enjoy the fastest mortgage loan approval with Bajaj Finserv.

What can a loan against property be used for?

Loan against property remains a popular option among borrowers for several reasons. Two of the key reasons are availability of funds on an urgent basis and more importantly, the freedom to use the funds as you deem fit. In other words, the loan amount in this financing option is free of end-use restrictions.


  • Healthcare and medical issues
  • Higher education
  • Wedding
  • Down payment of a high-value purchase, etc.


  • Business trip overseas
  • Business expansion
  • Stock inventory
  • Marketing and promotion, etc.

With Bajaj Finserv, borrowers enjoy various loan against property benefits, such as longer tenor, minimal documentation, and balance transfer facility, among others. Read on to know how to use a Loan Against Property and utilise the funds strategically to meet all your requirements.

Can there be a co-applicant for loan against property? if yes, who can be co-applicant?

Bajaj Finserv provides customised loans against property based on the mortgage’s current market value. If the property value is insufficient to sanction the required amount, you can opt for a loan against property co-applicant.

Who can be a loan against property co-applicant?

Apply for a higher amount easily with any of these co-applicants –

  • Brothers
  • Spouse
  • Either of the parents
  • Parents and unmarried daughters

These are the individuals who can be a co-applicant for Loan against Property. Ensure to check the eligibility criteria needed and apply for amounts up to Rs. 5 crore with Bajaj Finserv.

What should be an applicant’s minimum monthly income to avail of a loan against property from Bajaj Finserv?

Bajaj Finserv does not lay down a minimum monthly income requirement to avail a Loan Against Property. However, a salaried individual must be employed with an MNC, a public sector company, or a private company. As for a self-employed applicant, he/ she should have a regular income source. Applicant(s) should provide supporting income proof documents to avail of this loan.

What are the minimum and maximum age criteria for a Bajaj Finserv Loan Against Property?

To avail of a loan against property from Bajaj Finserv, a salaried individual must be minimum 28 years old and maximum 58 years old. For self-employed individuals, the minimum age is 25 years and the maximum is 70 years. You must also check the other property loan eligibility criteria before applying.

How much loan against property can be availed by an applicant?

The maximum amount with a loan against property that an applicant can avail depends on the employment status. Self-employed individuals can avail an advance of up to Rs. 5 crore while the maximum loan limit for a salaried individual is Rs. 5 crore.

Can an NRI take a loan against property?

No, an NRI cannot avail of a loan against property. One of the eligibility criteria to avail of a loan against property from Bajaj Finserv is that the applicant must be a residing Indian citizen.

What are flexi loans?

Flexi Loans are the new way of borrowing funds in India, where you get access to a pre-approved loan limit based on your credit rating. Borrow funds whenever you need them and prepay when you have additional funds in hand.

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