Bajaj Finance offers loans against property ranging from Rs. 3 lakh to Rs. 15.50 crore, with repayment tenures of up to 15 years*. Eligible applicants can receive loan disbursal within 72 hours* of approval, subject to document verification, property assessment and applicable terms and conditions.
Bajaj Finance Loan Against Property enables property owners to access funds without selling their residential or commercial property. Borrowers can use the loan amount for eligible personal and business requirements, including business expansion, higher education, home renovation, medical expenses and wedding-related expenses, subject to applicable terms. The online application process and flexible repayment options help applicants explore financing based on their requirements and repayment capacity.
Understanding Bajaj Finance Loan Against Property
A loan against property is a secured loan that allows property owners to borrow money by mortgaging an eligible property while retaining ownership of the asset. Bajaj Finance offers loans against property of up to Rs. 15.50 crore*, with repayment tenures of up to 15 years* and interest rates ranging from 7.5% to 14.25% per annum, subject to eligibility and applicable terms and conditions. The sanctioned loan amount depends on factors such as the property’s assessed value, the applicant’s income, credit profile and repayment capacity. Borrowers can use the funds for personal or business requirements without selling their property.
Quick disbursal to support financial requirements
Eligible applicants can receive loan disbursal within 72 hours* of approval, subject to the completion of required formalities and verification. This can help borrowers manage financial commitments that require timely access to funds.
Applicants can prepare their identity, address, income and property-related documents in advance, as applicable to their profile. Submitting complete and accurate information can help minimise delays during the assessment process.
Flexible repayment options for better financial planning
Bajaj Finance offers a loan against property with repayment tenures of up to 15 years*. A longer tenure can reduce the monthly EMI but may increase the total interest payable. In contrast, a shorter tenure can reduce the overall interest cost but requires higher monthly repayments.
Borrowers should assess the loan amount, interest rate and repayment tenure together before selecting an option. The EMI should remain manageable alongside existing loan obligations, household expenses and other financial commitments.
A loan against property EMI calculator helps applicants estimate monthly instalments by entering the proposed loan amount, interest rate and repayment tenure. Comparing different combinations can help borrowers understand how the loan amount and tenure affect monthly repayments and the overall borrowing cost.
How can a loan against property be used?
A loan against property can help eligible borrowers meet various personal and business expenses by borrowing against residential or commercial property. The funds can be used for eligible purposes such as:
● Business expansion: Fund business growth, purchase equipment, manage working capital, expand operations or invest in new business opportunities.
● Higher education: Cover tuition fees, accommodation, study materials and other education-related expenses.
● Home renovation: Finance home repairs, remodelling, interior upgrades, structural improvements or other renovation projects.
● Medical expenses: Meet hospital bills, planned medical procedures, diagnostic tests, treatment costs and other eligible healthcare expenses.
● Wedding expenses: Cover venue bookings, catering, decorations, jewellery, clothing and other eligible wedding-related costs.
Borrowers should assess their repayment capacity before applying, as the mortgaged property may be at risk if loan repayments are not made as agreed.
Eligibility criteria for Bajaj Finance Loan Against Property
Applicants must meet the applicable eligibility criteria to qualify for a loan against property from Bajaj Finance.
| Eligibility parameter | Details |
| Nationality and residence | Indian citizens residing in India, with eligible property located in a city where Bajaj Finance operates |
| Age | Minimum age: 21 years* (18 years for non-financial property owners) |
| Credit score | A CIBIL Score of 650 or higher |
| Occupation | Salaried individuals, self-employed professionals such as doctors, and self-employed non-professionals can apply |
Meeting the eligibility criteria does not guarantee approval. The final decision depends on the applicant’s financial profile, property assessment and other applicable requirements.
Documents required for a loan against property
Applicants may need to submit the following documents, depending on their employment status, financial profile and property details:
● Identity and address proof: Aadhaar card, passport, voter ID, driving licence, National Population Register (NPR) letter or NREGA job card, as accepted by the lender.
● Income proof: Documents establishing the applicant’s income and repayment capacity.
● Property documents: Relevant ownership records and other property-related documents required for assessment.
● Business proof: Applicable business registration, financial or other supporting documents for self-employed applicants.
● Bank statements: Account statements for the preceding six months, as required by the lender.
Additional documents may be requested during verification. Applicants should confirm the latest documentation requirements before submitting their applications.
How to apply for a loan against property with Bajaj Finance?
Eligible applicants can follow these steps to apply for a loan against property online:
- Visit the Bajaj Finance Loan Against Property page: Click on ‘Check Loan Offer’ on the loan against property product page on the Bajaj Finance website to begin the application process.
- Enter personal details: Provide the required personal information to create the applicant profile.
- Enter property details: Submit the required property-related information to help Bajaj Finance assess the application.
- Check eligibility: Check loan eligibility in seconds without affecting the credit score.
- Review the loan offer: Review the available loan offer and its details before proceeding with the application.
Loan approval and disbursal are subject to eligibility, property assessment, document verification and applicable terms and conditions.
Bajaj Finance offers eligible property owners’ loans against property of up to Rs. 15.50 crore*, with repayment tenures of up to 15 years* and loan disbursal within 72 hours of approval*, subject to eligibility and verification. Applicants can use the funds for eligible personal and business requirements without selling their mortgaged property.
A loan against property EMI calculator helps applicants estimate monthly repayments and compare tenure options before applying. Reviewing the applicable interest rate, fees, eligibility criteria and repayment obligations can help borrowers make an informed borrowing decision.
*Terms and conditions apply.
Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings.
For more information, visit www.bajajfinserv.in