Loan Against Property for Self-Employed for Business Expansion

Self-employed people need to grow their businesses to succeed. Daily operations of an expanding firm can be costly. Just paying staff salaries could cost lakhs of rupees each month. When you add up the cost of office space, merchandise, and other expenses, you will need a lot of money each month to run your firm. A loan against property will significantly help you cover these costs.

Expanding Office Space


You may need to expand your workplace depending on how many new staff members you hire. It will cost a substantial amount to either move to a bigger office or buy a neighbouring place.

Set-up New Warehouses


When a business is expanding, it is most likely that you need more warehouses to store your inventory. Buying a space for new warehouses requires so many funds. A loan against property will help you in that case.

Modern Equipment


New machinery is one of the biggest corporate growth expenses. More employees and machinery are needed to boost production. These can cost you tens of lakhs per month.

Productivity Tools


Give your employees the tools that they need to succeed. To enhance efficiency, buy cutting-edge machinery, train workers, and buy a programme that tracks organisational goals.

R&D Investment


Invest in R&D to analyse your product and improve it for customers. R&D sometimes demands expensive equipment and staff. A loan against property with no end-use restrictions will help you cover these expenses.

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 up to Rs. 10.50 Crore*

    Avail of a loan amount of up to Rs. 10.50 Crore* or even higher to manage your urgent financial needs. The sanctioned amount will depend on factors like the value of your property.

  • Low interest rates

    Low interest rates

    Self-employed borrowers can avail of low interest rates starting from 9% to 14% (Floating rate of Interest) p.a.

  • Loan disbursal in 72 hours*

    Loan disbursal in 72 hours*

    Your loan amount will be credited to your bank account within 72 hours* of the approval.

  • Tenure of up to

    Tenure of up to 15 years

    Our convenient repayment tenure of up to 15 years makes it easy to manage your loan.

  • Multiple end-use options

    Multiple end-use options

    With no end-use restrictions, you can use the loan amount for a wedding, higher education, business expansion or even for a medical emergency.

  • No foreclosure fee*

    No foreclosure fee*

    A self-employed individual borrower with a floating interest rate, can pre-prepay a part of the loan or close the entire loan without an additional fee or a penalty.

  • Externally benchmarked interest rates

    Externally benchmarked interest rates

    You can opt for an interest rate linked to an external benchmark, such as the Repo Rate. Benefit during favourable market conditions.

  • *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: 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.
  • Employment status: As a self-employed applicant, you should have a business continuity of over 5 years in the current business.

Documents required:

  • Proof of identity/ residence
  • Proof of income (P&L statement)
  • Proof of business existence, 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

Video Image 00:46

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

  1. Click on the 'APPLY' button on this page.
  2. Enter your full name, mobile number, and pin code, and choose ‘Self-employed’ as the employment type.
  3. Now select the type of loan that you wish to apply for.
  4. Generate and submit your OTP to verify your phone number.
  5. Upon OTP verification, enter additional details like your monthly income, required loan amount, and if you have identified the property.
  6. In the next steps, enter your PAN number and any other details as requested depending on your selected occupation type.
  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

We advise you to read about our fees and charges thoroughly before applying.

Types of fees

Applicable charges

Rate of interest (floating rate of interest)

9% to 14% per annum

Processing fee

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

Documentation charges

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

Flexi fee

Term Loan - Not applicable
Flexi Variant - Not applicable

Prepayment charges

Full prepayment

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment

  • 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.


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

Note: 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.

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

In case of default of repayment instrument, Rs. 1,500/- per bounce will be levied

Penal interest

Penal interest is applicable in the following scenarios:

1. 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

2. Default of other condition(s): In case of breach of terms of the loan agreement and/ or sanction letter terms, including but not limited to non-submission of requisite documents to BFL, it shall attract penal interest at the rate of 1% per annum on the loan amount till the date of rectification of such default to the satisfaction of BFL. The effective date of levying of penal interest shall commence from the date of committing the default, unless otherwise communicated to the borrower(s) in writing before the penal interest is levied.

Stamp duty (as per respective state)

Payable as per state laws

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) charged in two scenarios:

Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged:
In this scenario, broken period interest is recovered by the following methods:

  • For Term Loan: Deducted from the loan disbursement
  • For QDP process and disbursement mode is cheque: Added to the first instalment
  • For Flexi Term Loan: Added to the first instalment
  • For Flexi Hybrid Loan: Added to the first instalment

Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged:

  • In this scenario, interest is charged only for the actual number of days since the loan was disbursed.

Mortgage origination fees

Up to Rs. 6,000/- per property (inclusive of applicable taxes)

Property insight (if availed)

Rs. 6,999/- per property (inclusive of applicable taxes)

Mandate registration charges

In case of UPI mandate registration, Re. 1 (inclusive of applicable taxes) will be collected from the customer

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 Finance Limited if you meet our eligibility criteria. Your age, employment status and city of residence are some of the key factors that must be met.

Am I eligible for a loan against property?

If you are a self-employed Indian citizen residing in India, between the age of 25 years to 85 years, you are eligible for the loan. Other factors like your income profile, your CIBIL Score, etc. are also considered during the approval process.

*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 valuation, and the lender's loan-to-value ratio.

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

You can conveniently repay a loan 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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