Features and benefits of our loan against property
All you need to know about our Loan Against Property
Watch this video to know everything about our loan against property: Features and benefits, fees and charges, eligibility criteria, and more.
Loan amount of up to Rs. 10.50 Crore*
Manage your big financial needs with a loan of up to Rs. 10.50 Crore*. The loan amount will depend on some criteria like your property value.
Low interest rates
Our loan against property for salaried individuals comes with affordable interest rates starting from 9% to 14% (Floating rate of Interest) p.a.
Loan disbursal in 72 hours*
Your loan amount will be disbursed within 72 hours* of the approval. In some cases, it can be credited even earlier.
Tenure of up to 15 years
You can manage your loan easily with a long repayment tenure ranging up to 15 years.
Multiple end-use options
Use the loan to manage your wedding expenses, higher education, or even pay for a medical emergency as it comes with no end-use limitation.
No foreclose charges*
Salaried professionals who chose a floating interest rate, can pre-prepay a part of their loan, or close the entire loan without an additional fee or a penalty.
Externally benchmarked interest rates
You have the option to link your loan to an external benchmark, such as the Repo Rate. Benefit during 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). 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 the property is repaid. With the Bajaj Finserv Loan Against Property, you can avail of better interest rates, a convenient repayment period, and other perks.
Any salaried individual can easily apply for our loan against property. If you are prepared with the necessary paperwork, our application process is quick and simple, and you can submit a loan request in just a few minutes.
Pre-payment and foreclosure options are also available, both of which are free of charge. If you are a salaried individual borrower with a floating interest rate, there are no penalties for paying off your loan early
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