Features and benefits of our loan against property
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What is Loan Against Property?
Wondering what Loan Against Property is? Discover how it works and its benefits.
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Loan amount of up to Rs. 10.50 crore*
Manage your urgent financial needs with a sizeable loan amount of up to Rs. 10.50 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 9% to 12% (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
You can opt for an interest rate linked to the Bajaj Floating Reference Rate (BFRR). This offers a transparent interest rate process and allows you to benefit from favourable market conditions, as the BFRR is periodically reviewed and approved by internal committees. Any existing loan agreements held by Bajaj Finance customers linked to external benchmarks will remain unaffected.
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*Terms and conditions apply.
A property mortgaged as collateral is used to obtain a loan known as a loan against property (LAP). This asset may be privately owned land, a home, or any other type of commercial property. The asset continues to be held as collateral by the lender until the full amount of the loan against property is repaid. With the Bajaj Finserv Loan Against Property, you enjoy better interest rates, a convenient repayment period, and other perks.
Any individual borrower can easily apply for our loan against property, regardless of whether they are a salaried professional, a self-employed individual, or a doctor. If you are prepared with the necessary paperwork, our application process is quick and simple, and you can submit a loan request in 5 minutes.
Pre-payment and foreclosure options are also available, 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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Loan against property application process
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