image

> >

Loan Against Property Tax Benefits

Quick apply

Just 60 seconds to apply

Please enter your first name
Please enter your Last Name
Please enter 10 digit mobile number
Please enter your Birth date
Please enter valid PAN card number
Please enter your pin code
Please enter your net monthly salary
Please enter your Annual Turnover 18-19

I authorize Bajaj Finserv representative to call /SMS towards this application and other products/services. This consent overrides my registration for DNC/NDNC. T&C

Thank you

Can I get tax benefits on a Loan Against Property?

A loan against property is sanctioned against a property used as collateral with a lender. The lender decides the loan amount depending on the property value. Financial institutions usually provide up to 70% of the property value as the loan amount.

Bajaj Finserv offers the fasest Loan Against Property in India. The tax benefits that you can avail on the Bajaj Finserv Loan Against Property depends on the end-use of the loan:

Under Section 37 (1)
Under the Section 37 (1) of the Income Tax Act, you can get tax benefits on the interest paid for your Loan Against Property.

Under Section 24
Under Section 24, you can get loan against property tax benefits on the interest paid on your loan if the funds are used for financing your new home. The maximum benefit that you can avail under this section is Rs. 2 lakh.

Some loan against property features that you can enjoy apart from tax benefits include:

I. High Financing Amount
Get up to Rs. 3.5 crore with a mortgage loan if you are self-employed, and up to Rs. 1 crore if you are salaried.
II. Extended Repayment Tenor
Repayment tenor ranges from 2 to 20 years if you are salaried, and 2 to 18 years if you are self-employed.
III. Nominal Documents RequirementIII. Nominal Documents Requirement
The documents required for Loan Against Property are minimal. You can also avail our doorstep facility to submit the documents.
IV. Convenient Eligibility Criteria
You can easily fulfil the loan against property eligibility criteria. You must be between 33 and 55 years of age if you are salaried, and between 25 and 70 years if you are self-employed to apply for the loan. You must also have income stability and a good credit history.
V. Quick Processing
Loans against property is processed within 72 hours of applying.

Apply for a Bajaj Finserv Loan Against Property today and find the loan amount disbursed to your account within 4 days after processing!

People Also Considered

Loan Against Property-Image

Loan Against Property

Avail a Mortgage Loan customized to your needs

APPLY NOW
Loan Against Property for higher education-Image

Loan Against Property-Education

Fund your child’s education conveniently

KNOW MORE
Loan Against Property for debt consolidation-Image

Loan Against Property Calculator

Calculate your monthly installments

CALCULATE NOW
Loan Against Property for wedding-Image

Loan Against Property-Wedding

Manage all your wedding expenses

KNOW MORE