What Is The Repayment Tenure For A Loan Against Property?

A Loan Against Property from Bajaj Finserv comes with multiple unique features including easy-to-meet eligibility criteria and documentation, unrestricted end-use other than flexible Loan Against Property tenure options.

Obtain quick and easy finance of high value without much worry about the Mortgage Loan tenure. Fund all big-ticket expenses like business expansions, overseas education, hefty medical expenses, and more. Repay in easy EMIs with affordable rates of interest along with minimal fees.

Bajaj Finserv’s Convenient Property Loan Tenure

Choose a convenient repayment tenure for the loan as per your source of income.

  1. For Self-Employed Individuals
    A self-employed individual with a stable income history can choose tenures of up to 18 years to repay the loan amount.
  2. For Salaried Individuals
    For a salaried individual, repayment tenure options range from 2 to 20 years from the date of sanction.

Assess your repayment ability and choose the Loan Against Property tenure accordingly. Selecting the right tenure gives you a reasonable idea of monthly outflow in the form of EMIs. It also helps allocate money and create a sound financial plan for the future.

Additional Read: What is the Minimum CIBIL required for Loan Against Property

Option To Part-Prepay Or Foreclose The Loan Account

If you have a lump-sum amount at disposal, opt to part-prepay a significant sum any time during the tenure. It reduces interest accumulation on the principal, thus providing a financial benefit.

Bajaj Finserv also gives an option to foreclose the loan account against minimal charges before the tenure ends. Utilise the facility to reduce your debt burden.

Check out the Loan Against Property eligibility criteria to apply. Keep all Loan Against Property documents required handy and avail high loan amounts of up to Rs. 3.5 Crore from Bajaj Finserv.