Loan against property for Pensioners and its feature

Loan against property for pensioners can be availed against property collaterals by pensioners who require urgent funding. Since the repayment tenor can stretch up to 15 years, pensioners can repay the loan at a pace that is comfortable by opting for a tenor that fits their repayment capacity.

  • Attractive interest rate

    Attractive interest rate

    Starting from 8% to 14% per annum, 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 amount of up to Rs. 10.50 Crore* 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 My Account – the Bajaj Finserv online platform.

  • Convenient tenor

    Convenient tenor

    The Bajaj Finserv Loan Against Property tenor stretches up to 15 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

    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. However, apart from above situation part pre-payment charges are applicable for term Loan up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment. Part pre-payment charges are not applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi.

  • 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.

If you are a pensioner in need of funds to purchase a new property, renovate an existing one, cover medical expenses or address any other financial needs, you can apply for the Bajaj Finserv Loan Against Property for Pensioners. Once you meet the loan against property eligibility criteria, you can avail up to Rs. 5 crore as a mortgage Loan from Bajaj Finserv within 72 hours* of approval.

Enjoy the benefits of an adjustable tenor ranging from two to 15 years, attractive interest rates, and easy balance transfer and top-up. Opt for our Flexi facility to borrow and pay as you go. Choose to pay interest-only EMIs for the initial tenor to reduce your EMIs by up to 45%*. When you have surplus funds, you can make a part-prepayment to bring down your future instalments or foreclose your loan account at low to zero charges.

Also read: Reverse mortgage loan

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How to apply

Apply online for the Bajaj Finserv Loan Against Property for Pensioners with just a few steps.

  1. 1 Fill up the online application form
  2. 2 Fill in your personal information and property details
  3. 3 Enter your income-related data for the best offer

After submitting the form, wait for our relationship manager to call and guide you with the next steps.

*Conditions Apply