Loan Against Property Eligibility Calculator

Check the loan amount you are eligible for by providing your basic details, such as age, credit score, occupation, and more.

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Disclaimer

Results generated by the calculator(s) are indicative in nature. The interest rate applied on the loan will depend on the prevailing rates at the time of loan booking. The calculator(s) are not intended to provide its users/ customers with results that are either certified by Bajaj Finance Limited (“BFL”) or are an obligation, assurance, warranty, undertaking or commitment, financial and professional advice by BFL, under any circumstances. The calculator(s) are only a tool that assists the users/ customers arrive at results of various illustrative scenarios generated from data input by the user/ customer. The use of the calculator is entirely at the risk of the user/ customer, BFL is not responsible for any reason, for any errors in any outcome resulting from the use of the calculator.

What is Loan Against Property Eligibility Calculator?

A Loan Against Property Eligibility Calculator is an online tool that helps you check the loan amount you are eligible for. You just need to select your employment type, your monthly income, monthly obligations if any, and property value. Once you have entered these details, you will be able to view the loan amount you are eligible for.

Please note: The loan amount calculated by the loan against property eligibility calculator is tentative. Borrowers can avail of loans up to 80% of their property value.

Apart from the factors mentioned, the final eligible loan amount also depends on the other eligibility criteria that you must satisfy.

Eligibility criteria and documents required

Anyone can apply for our loan against property as long as they meet the criteria mentioned below. This loan offers financial flexibility by leveraging property as collateral. To qualify, applicants should review the loan against property eligibility criteria carefully to ensure they meet the requirements. This simple yet accessible financial solution can help you manage.

Loan Against Property 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 structure.
  • CIBIL Score:
    A CIBIL Score of 700 or higher is ideal to get an approved loan against property.
  • Occupation:
    Salaried, self-employed professionals like doctors, and self-employed non-professionals are eligible to apply.

Documents Required for Loan Against Property

  • 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

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

Loan against property application process

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Step-by-step guide to apply for a loan against property

  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. 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 number.
  7. Click on the ‘SUBMIT’ button.

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

Frequently asked questions

Can I check my property loan eligibility online for free?

Yes, you can check your property loan eligibility online for free through various banks and financial institutions' websites or third-party platforms. Simply provide basic details to get an estimate.

Can I check joint loan eligibility using a Property Loan Eligibility Calculator?

Yes, you can check joint loan eligibility using a Property Loan Eligibility Calculator. It will take into account the combined income, credit scores, and financial details of both applicants for accurate results.

What role does my monthly income play in determining property loan eligibility?

Your monthly income plays a crucial role in determining property loan eligibility. Lenders assess your income to ensure you can comfortably repay the loan instalments. Higher income typically improves loan eligibility.

Can I check my property loan eligibility online for free?

Yes, many banks and financial institutions offer free online tools to check property loan eligibility. You just need to enter basic details like income, property value, and loan tenure for an estimate.

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