Features and benefits of our loan against property

Read on to know why our loan against property is a great option.

Features and benefits of our loan against property

Features and benefits of a Loan Against Property 00:44

Features and benefits of a Loan Against Property

Understand the features and benefits of availing the loan against property.

  • Loan amount

    Loan amount of up to Rs. 10.50 crore*

    Manage your urgent financial needs with a sizeable loan amount of up to Rs. 10.50 crore* sanctioned based on your mortgaged property.

  • Low interest rates

    Low interest rates

    Our loan against property comes with affordable interest rates starting from 8% to 14% (Floating rate of Interest) p.a.

  • Disbursal in 72 hours*

    Disbursal in 72 hours*

    Get money in your bank account within 72 hours of the approval & subject to receipt of all applicable documents and basis risk policy.

  • Tenure of up to

    Tenure of up to 15 years

    You can repay your loan amount conveniently with a repayment tenure ranging up to 15 years.

  • Multiple end-use options

    Multiple end-use options

    With no end-use restrictions, use the loan amount for an emergency or pay for wedding expenses, higher education or business expansion.

  • No foreclosure charges*

    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

    Externally benchmarked interest rates

    You can opt for an interest rate linked to the Bajaj Floating Reference Rate (BFRR). This offers a transparent interest rate process and allows you to benefit from favourable market conditions, as the BFRR is periodically reviewed and approved by internal committees. Any existing loan agreements held by Bajaj Finance customers linked to external benchmarks will remain unaffected.

  • *Terms and conditions apply.

    A property mortgaged as collateral is used to obtain a loan known as a loan against property (LAP). This asset may be privately owned land, a home, or any other type of commercial property. The asset continues to be held as collateral by the lender until the full amount of the loan against property is repaid. With the Bajaj Finserv Loan Against Property, you enjoy better interest rates, a convenient repayment period, and other perks.

    Any individual borrower can easily apply for our loan against property, 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 loan request in 5 minutes.

    Pre-payment and foreclosure options are also available, 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.

    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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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.