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Minimum CIBIL score required for Loan Against Property

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What is the minimum CIBIL score required for a Loan Against Property?

The CIBIL score is a 3-digit number that ranges from 300 to 900. It is assigned to every individual by the Credit Information Bureau (India) Limited. The score is based on the Credit Information Report (CIR) which includes the credit history of an individual.

The following parameters are used in the CIR to calculate the credit score:
1. Credit utilisation – 30%
2. Repayment history – 35%
3. Credit mix – 10%
4. Total tenor of credits – 15%
5. Number of credit enquiries – 10%
Financial institutions prefer borrowers who have a credit score of 750 or above to sanction a loan.

Minimum Score to Avail a Loan Against Property
Loan Against Property is a secured loan. This means that you need to mortgage an asset such as a house, or a commercial space to avail a loan against property. So, in case of defaults, the lender can liquidate the mortgaged asset to recover the outstanding dues. Thus, the lender has lower risks if a borrower fails to repay such a loan.

Therefore, this loan can be sanctioned even if the applicant has a CIBIL score close to 750. However, the score needs to be at a minimum of 750 or more when you apply for unsecured credits.

Having a good credit score can help you apply for a loan against property and get it approved quickly. You may also enjoy lower loan against property interest rates with a high credit score.

Here are some of the features of a Bajaj Finserv Loan Against Property:
• Loans up to ₹3.5 crore for self-employed and up to ₹1 crore for salaried individuals.
• Tenor ranging up to 20 years for salaried customers and up to 18 years for self-employed customers.
• Quick processing in just 72 hours with facilities like doorstep service.

So, meet the simple loan against property eligibility criteria and documentation requirements and avail a high loan amount with a loan against property.


Bajaj Finserv brings you the fastest Loan Against Property with loan amount disbursal within 4 days.

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