Loan against property and its features

  • Attractive interest rate

    Attractive interest rate

    Starting from 8.40%*, Bajaj Finserv offers applicants an affordable funding options that leaves their savings untouched.

  • Money in account in 72* hours

    Money in account in 72* hours

    No more long waits for loan sanctions with Bajaj Finserv. Find your loan amount in your bank account in just 72* hours from approval.

  • Big value funding

    Big value funding

    Bajaj Finserv provides loan amounts as much as Rs. 5 Crore* and even more to eligible candidates to boost your spending desires.

  • External benchmark linked loans

    External benchmark linked loans

    By opting for the Bajaj Finserv Loan Against Property linked to an external benchmark, applicants can enjoy reduced EMIs when the market conditions are favourable.

  • Digital monitoring

    Digital monitoring

    Now keep a close eye on all your loan developments and EMI schedules through Experia – the Bajaj Finserv online platform.

  • Convenient tenor

    Convenient tenor

    The Bajaj Finserv Loan Against Property tenor stretches up to 18 years allowing borrowers a buffer period to plan out their EMI payments, and service their debt with ease.

  • Low contact loans

    Low contact loans

    Experience a truly remote loan application from anywhere in India by applying online and getting an easy approval.

  • No prepayment and foreclosure charge

    No prepayment and foreclosure charge

    Bajaj Finserv allows you to foreclose the loan or make part-prepayments at no extra costs or prepayment penalty – making way for maximum savings.

  • Easy balance transfer with top-up loan

    Easy balance transfer with top-up loan

    Transfer your existing loan to Bajaj Finserv  as part of our loan against property balance transfer facility  and avail a top-up loan without additional documentation.

A loan against property from Bajaj Finserv gives wings to your dreams – be it financing your child’s education, managing wedding expenses, starting, and establishing your business and addressing other big-ticket spending. Make the most of the Bajaj Finserv Loan Against Property by customising it to fit your financial needs. Here are the features of this instrument.

Bajaj Finserv offers loan against property, a secured instrument to meet different financial needs, with no restrictions on the end use. Benefit from a high-value loan with nominal interest rates without breaking into your savings and repay the loan comfortably over a tenor of your choice.

Loan against property eligibility criteria are easy to meet with doorstep services, making the process comfortable and hassle free. Get the funds in your account within 72* hours of approval and repay over a comfortable tenor as chosen by you, that ranges up to 18 years.

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Frequently asked questions

Are there any restrictions on how I utilise my loan against property?

No. Bajaj Finserv puts no restriction on how a borrower chooses to use the loan amount granted to them. Loans against property are typically used to address a variety of expenses, including weddings, overseas education, business expansions, unforeseen medical expenses and sometimes even debt consolidation. You are free to use the loan as you see fit.

What are the factors that impact my loan eligibility?

Bajaj Finserv takes several factors into account, while evaluating a loan applicant. Here is the list of factors that can affect a borrower’s eligibility.

  • Age
  • Income
  • Property value
  • Existing obligations, if any
  • Stability or continuity of employment/ business
  • Past borrowing track record

You can also make use of the Loan Against Property Eligibility Calculator to see if you would clear the preliminary eligibility rounds.

How do I ensure that the property against which I want to avail the loan is eligible for the same?

Bajaj Finserv only sanctions loans against those properties whose titles are clear and free of litigation. Borrowers are also advised to not seek a loan against any property that also is already mortgaged.

What does proactive downward mean?

The pricing increase happens only in the scenario of an increase in the cost of funds. Pro-active repricing policy is being put in place as a proactive measure to ensure that there is no inordinate increase in your loan pricing against new acquisitions and there is always parity for your loan.

Does Bajaj Finance proactively do downward repricing?

As a goodwill gesture and to maintain transparency with our valued existing customers, Bajaj Finserv ensures, through our pro-active downward re-pricing strategy, that none of our existing customers are more than 100 bps over and above the last 3 months average sourcing rate.

If a customer is higher than 100 bps from our last 3 months average sourcing rate, we carry out downward re-pricing of the rate of interest for all such customers to bring them to max 100 bps above the last 3 months average sourcing rate. This is a bi-annual exercise. This is yet another industry-first activity.

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