Manage your urgent financial needs by getting a loan against your property for a tenure of up to 15 years*. We offer a loan amount of up to Rs. Rs. 15.50 crore*, and you can use the loan amount without any end-use restrictions. Enjoy additional benefits like no foreclosure charges*, quick disbursal, and hassle-free application process.
Calculate your loan against property offer
Select Purpose of Loan
How to apply for loan against property
- Click on the 'APPLY' button on this page.
- Enter your pin code and click Proceed.
- Provide basic details like your full name and mobile number.
- 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.
- Generate and submit your OTP to verify your phone number.
- Enter further details like your property location, your current EMI amount/ monthly obligation, and your PAN number.
- 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.
Features and benefits of loan against property
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Loan amount of up to Rs. 15.50 crore*
Manage your urgent financial needs with a sizeable loan amount of up to Rs. 15.50 crore* sanctioned based on your mortgaged property.
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Low interest rates
Our loan against property comes with affordable interest rates starting from 8% to 14% (fixed or floating rate of interest) p.a.
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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.
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Tenure of up to 15 years*
You can repay your loan amount conveniently with a repayment tenure ranging up to 15 years*.
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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.
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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.
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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
How to apply for loan against property
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Step-by-step guide to applying for a loan against property
- Click on the 'APPLY' button on this page.
- Enter your pin code and click Proceed.
- Provide basic details like your full name and mobile number.
- 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.
- Generate and submit your OTP to verify your phone number.
- Enter further details like your property location, your current EMI amount/ monthly obligation, and your PAN number.
- 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.
Eligibility criteria and documents required
Anyone can apply for our loan against property as long as they meet the criteria mentioned below.
Nationality | You must be an Indian citizen residing in India with property in a city we operate in.
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Age | Minimum age: 21 years (18 years for non-financial property owners) |
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 - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
- Proof of income
- Property-related documents
- Proof of business (for self-employed applicants), and
- Account statements for the last 6 months
Applicable fees and charges on our loan against property
Types of fees | Applicable charges |
Rate of interest (floating rate of interest) | 8% to 14% per annum (fixed or floating rate of Interest) |
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 Facility Charge | Term Loan – Not applicable |
Prepayment charges | Full Pre-payment
Part Pre-payment
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Annual maintenance charges | Term Loan: Not Applicable |
Bounce charges | Rs. 1,500 per bounce. “Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason. |
Penal Charge | Penal Charge is applicable in the following scenarios: Delay in payment of instalment(s) shall attract Penal Charge at the rate of Rs. 190/- per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) | Payable as per state laws |
Mortgage origination fees | Up to Rs. 6,000/- per property (inclusive of applicable taxes)
Note - In case of re-valuation of the property then MOF will be levied again and shall be deducted from loan disbursement amount. |
Frequently asked questions
Overview
Features
Eligibility
How to apply
Who can get a loan against property?
Any salaried or self-employed individual can apply for a Loan Against Property with Bajaj Finance 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 or a self-employed Indian citizen residing in India, between the age group of 25 years to 85 years, 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.
Who is eligible for a loan against property?
A loan against property is typically available to individuals or business owners who own a residential or commercial property with clear ownership. Lenders usually prefer applicants with a stable income, a good credit score, and the ability to repay the loan. Both salaried professionals and self-employed individuals with a steady financial track record can apply.
How to apply for loan against property?
To apply for Bajaj Finance Loan Against Property, go to loan against property page on Bajaj Finance website and follow the below steps:
- Click on “CHECK ELIGIBILITY” button on loan against property page.
- Enter your 10 digit mobile number and OTP.
- Fill in the application form with your Personal Details, Business/Employment/Professional details, Property details and proceed.
- Enter your loan amount that you need, choose from our three loan variants- Flexi Term (Dropline) Loan, Flexi hybrid term loan, and Term loan.
- Choose the repayment tenure - You can select tenure option of 12 months to 180 months and click on proceed.
What our customers say about us
Pawan Kumar
Reviewed on 03 Feb 2025
Taking a Loan Against Property from Bajaj Finance proved to be an excellent decision for me. The flexibility to withdraw funds as needed and repay conveniently helped me maintain steady cash flow. Since interest was charged only on the utilised amount, it turned out to be a highly cost-effective financing solution.
Diksha Waghmare
Reviewed on 03 Feb 2025
Expanding my restaurant became seamless with a Loan Against Property from Bajaj Finance. The quick approval process and minimal documentation made everything hassle-free. The flexible repayment options aligned perfectly with my business growth plans.
Piyush
Reviewed on 12 Feb 2025
With Bajaj Finance, upgrading my salon was easy. The simple application process and fast fund disbursal meant I could improve my services without financial stress.
Sushma Kumbhar
Reviewed on 14 Feb 2025
Expanding my bakery became seamless with a Loan Against Property from Bajaj Finance. The quick approval process and minimal documentation made everything hassle-free. The flexible repayment options aligned perfectly with my business growth plans.
Jaya Prakash
Reviewed on 18 Jan 2025
Upgrading my boutique was simple thanks to a Loan Against Property from Bajaj Finance. The straightforward application process and quick disbursal allowed me to enhance my services without financial pressure. A dependable option for business expansion!
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Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.