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What are the amounts that I can borrow for with loan against property?

By Finserv MARKETS - Jul 26,2019
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How much can I borrow for with Loan Against Property


How often do you find yourself wondering whether you can afford something or not? Do you think of expanding your business but don’t know if you have enough savings to risk it all? Is your child ready to make the next leap in his/her education and go abroad? Are you getting married, or is your child? Has there been an unforeseen medical emergency you did not account for, financially speaking? Don’t let such worries rob you of your peace – apply for a Bajaj Finserv Loan Against Property on Finserv MARKETS and finance your pursuits with ease.

Why people prefer a Loan Against Property is because it has discernible benefits. The product clicks with borrowers because it generally allows you to borrow a relatively large sum of money for any need. Thus, this benefit of purpose-neutral disbursal makes this an easy option in the first instance. Second, under a Loan Against Property, higher loan amounts are generally available for a longer tenure in comparison to conventional loans, and at a discounted interest rate too. This is because the collateral mortgage is already with the lender, so it is a secured loan. Such category of loans also comes with easy documentation, speedy approvals and flexible repayment options.

Like in the case of Finserv MARKETS, it also extends the online account management feature, options for top-up loans and balance transfer facility. Under the Loan Against Property balance transfer facility, you can choose to transfer the unpaid principal amount of an existing loan (referred to as the balance) to another lender that offers a much more competitive interest rate. The purpose? Reducing your EMI outflow. In fact, during the tenure of your loan, you may transfer your balance amount as many times as necessary, which implies you can save a significant amount of money in the long run. The entire process is online and requires minimal documentation, which is the icing on the cake.

What amount can a loan against property cover?

Finserv MARKETS gives you access to a higher loan amount at affordable Loan Against Property interest rates. Such secured loans can fund any monetary requirement and the property used as the mortgage collateral is assessed on its present market value.

Salaried individuals get a high loan amount up to Rs.1 crore, while self-employed individuals can avail a loan of up to Rs.3.5 crore. Here’s a more specific breakdown and a closer look at the details:

Loan Against Property for Self-Employed

Self-employed individuals can avail higher amounts up to Rs. 3.5 crore with Loan Against Property.

Loan Against Property for Salaried Employees

Salaried employees can opt for up to Rs. 1 crore at a competitive rate of interest and use the funds to meet diverse expenses like weddings, travel, home renovation, medical emergency, etc. The Loan Against Property eligibility criteria mandates applicants to be between the ages of 33 and 58 years, be a resident India citizen, and a salaried employee of any public or private institute or an MNC.

Loan Against Property for Home Renovation, Education, wedding, Debt consolidation is also offered for various needs from installing the latest lighting systems or false ceiling, cover tuition fees, accommodation, travel and food expenses, flight tickets, venue bookings, food and beverage expenses, pre-wedding photo-shoot, exotic honeymoons, among other needs.

These loans also come categorized specifically for professions, like Loan Against Property for Chartered Accountants or Doctors for up to Rs. 2 crores.

The eligibility of a Loan Against Property is calculated by taking into the following parameters in account: age, property value, existing obligations, stability/continuity of employment/business, and past borrowing track record. A self-employed person looking for a loan should be between 25 to 70 years, whereas a salaried person needs to be between the ages of 33 to 58 years to be eligible.


With the entire process online and the customer portal at your ready disposal, you can avail Bajaj Finserv Loan Against Property online easily and with minimal documentation. It also provides flexible repayment tenures ranging between 2 to 20 years, and you can choose to part-prepay or prepay your loan anytime at minimal charges.

Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. We understand that every individual is different and thus when you plan to achieve your life goals or shop for the gadget of your dreams, we believe in helping you Make it Happen in a few simple clicks. Simple and fast loan application processes, seamless, hassle-free claim-settlements, no cost EMIs, 4 hours product delivery and numerous other benefits. Loans, Insurance, Investment and an exclusive EMI store, all under one roof – anytime, anywhere!


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Bajaj Finserv Direct Limited ("BFDL") is primarily engaged in distribution of financial products and services through its digital platform (“Bajaj Finserv MARKETS”) and inter alia renders services of customer acquisition, providing preliminary credit support activities, fulfilment services and post-acquisition customer services to Banks, NBFCs, HFCs. BFDL is also a registered Corporate Agent (Composite) under valid IRDAI registration number: CA0551 valid till 10-Apr-2024 for solicitation and servicing of Insurance Products. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522