Loan Against Property for Home Expenses

Setting up a new home or renovating an existing one can be an expensive affair. A few lakh are easily spent on bedroom renovation, kitchen remodelling, and similar upgrades. It is wise to keep your savings untouched and get a Loan Against Property with to manage these expenses.



We all want to redesign our homes and upgrade our spaces. As kids grow up, they may also have specific requirements for their space and style. Such expenses can be easily managed with additional funding.



Good interiors offer a classy living and warm ambience. Make subtle changes, redo the walls, or enhance the ambience of your home with aesthetic chandeliers, marble decor, and more. Give your home a makeover and manage these funds with our Loan Against Property.



It is easy to transform your apartment into a luxurious home by adding trendy furniture, upholstered pieces, and decorative lighting. With a range of options available, you can splurge on lavish furnishings without putting a dent in your savings.

Major Repairs


Every few years, your home may need significant maintenance. You might need to work with civil contractors, architects, or other specialised professionals for crucial repairs. Depending on the size of the residence, these repairs could cost anywhere from a lakh to ten lakhs and upwards.

Smart Home


Smart Home is now more popular than ever for all good reasons. If you have a liking for a smart operative home with efficient technology, our Loan Against Property will help you live your dream. Opt for voice-controlled lighting, smart air conditioner, tech-enabled security system, and more.

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

    Loan amount of Rs. 10.50 Crore*

    Manage your urgent financial needs with a sizeable loan amount of 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 9% 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, in some cases, even earlier.

  • 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

    An individual borrower who opts for a floating interest rate can pre-prepay a part or close the entire loan without an additional fee or a penalty.

  • Externally benchmarked interest rates

    Externally benchmarked interest rates

    Link your loan to an external benchmark such as the Repo Rate and benefit during favourable market trends.

  • *Terms and conditions apply.

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EMI Calculator

Loan against property EMI calculator 

Enter a few details and check your loan against property EMIs.

Eligibility criteria and documents required

Anyone can apply for our loan against property as long as they meet the criteria mentioned below.

Eligibility criteria

  • Nationality: You must be an Indian citizen residing in India with property in a city we operate in.
  • Age: The minimum age of the applicant must be 25 years* (18 years for non-financial property owners)
    * Age at the loan application of the individual applicant/Co-applicant.
    The maximum age of the applicant must be 70 years* (80 years for non-financial property owners)
    * Age at the loan maturity of the individual applicant/ Co-applicant.
  • 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:

  • Proof of identity/ residence
  • 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.

Eligibility Calculator

Check your loan against property eligibility

Find out how much loan amount you can get.

How to apply for a loan against property

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.

Applicable fees and charges

Type of fee

Applicable charges

Rate of interest (p.a.)




9% to 14% (Floating rate of Interest)

9% to 14% (Floating rate of Interest)

9% to 14% (Floating rate of Interest)

Processing fees

Up to 3.54% of the loan amount (inclusive of applicable taxes)

Document Processing Charges

Up to Rs. 2,360/- (inclusive of applicable taxes)

Flexi Fee Term Loan - Not applicable
Flexi Variant - Not applicable

Pre-payment Charges

  • Full Pre-payment
    Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment.
    Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.
    Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.

  • Part Pre-payment
    Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part Pre-Payment.
    Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi

    Foreclosure charges/ pre-payment penalties are not applicable on any floating rate term loan sanctioned, for purposes other than business, to individual borrowers with or without co-applicant(s).

Annual Maintenance Charges

Term Loan: Not Applicable

Flexi Term Loan (Flexi Dropline): Not applicable

Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the Total Withdrawable Amount during Initial Loan Tenure. Not applicable for subsequent Loan Tenure.

Bounce Charges

Rs. 1500 per bounce

Penal Interest

Any delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment outstanding, from the date of default until the receipt of monthly instalment.

Stamp Duty Payable as per state laws and deducted upfront from the loan amount
Mandate Rejection Charges Rs. 450/- per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered
Broken Period Interest/ Pre-EMI Interest

"Broken Period Interest/ Pre-EMI Interest" shall mean the amount of interest on loan for the number of day(s) which is(are):

Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the loan

Method of recovery of Broken Period Interest/ Pre-EMI Interest:
For Term Loan: Deduct from disbursement
For Flexi Term Loan: Added to first instalment amount
For Hybrid Flexi Loan: Added to first instalment amount

Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the loan, Interest on first instalment will be charged for actual number of days

Mortgage Origination Fees Rs. 3000/-
Property Insight (if availed)
Rs. 6999/- (inclusive of applicable taxes)

Frequently asked questions

Who can get a loan against property?

Any salaried or self-employed individual can apply for a Loan Against Property with Bajaj Finserv as long as you meet our eligibility criteria. Your age, employment status and city of residence are other key criteria.

Am I eligible for a loan against property?

If you are a salaried Indian citizen residing in India, between the age group of 25 years to 70 years, or a 25 years to 70 years old self-employed Indian, you are eligible. Other factors like your income profile, your CIBIL Score, etc. are also considered when you apply for a Loan Against Property.

*Terms and conditions apply

How much loan will I get against my property?

Loan Against Property is a secured loan in which you mortgage your property to a lender in exchange for a substantial sanction to cover your expenses. Several factors influence the final loan amount, including the individual's profile and repayment capacity, the property's market valuation, and the lender's loan to value ratio.

What is the maximum repayment tenure for a loan against property?

You can repay the total sum borrowed over a convenient repayment tenure of up to 15 years*.

What should be my CIBIL Score if I want to apply for a loan against property?

The CIBIL Score is an important indicator of your creditworthiness. To get a loan against property, it is preferable to maintain a CIBIL Score of 700 or higher.

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