Loan Against Property (LAP)

Get access to high-value loans up to ₹15 Crores at competitive rates starting from 8.99% p.a. by pledging your property through Bajaj Markets. A loan against property helps you manage large expenses such as business expansion, education, home renovation, or medical bills without selling your assets. With flexible repayment tenures of up to 240 months, quick online processing, and minimal documentation, the borrowing process is simple and hassle-free. You can compare offers from multiple trusted lenders on a single platform and choose a loan plan that best fits your financial needs.

Here is a quick overview of key loan details to help you understand the terms before applying:

*Disclaimer: The mentioned details are subject to change at the lender’s discretion.

• The eligibility requirements may differ from one lender to another. Here are some common criteria you may need to meet to qualify for a loan against property:

• You must be between 21 and 70 years of age

• Your minimum monthly income should be ₹30,000

• Salaried applicants need at least one year of work experience

• Self-employed individuals must have a business track record of at least two years

• Ideally, you should have a CIBIL score of 700 or above

The documents needed can vary from one lender to another. Here are some common documents you may need to submit:

For Salaried Individuals

• Submit a valid ID like PAN, Aadhaar, passport, or voter ID

• Share your address proof such as Aadhaar, passport, or a utility bill

• Provide last 3 months’ salary slips, Form 16, and your latest ITR

• Include property documents like sale deed or registration papers

For Self-employed Individuals

• Submit an ID like Aadhaar, passport, or voter ID

• Provide address proof such as Aadhaar, passport, or a utility bill

• Share 6 months’ bank statements, business ITR, and audited financials

• Include property documents showing ownership or title

Here are the key fees and charges you should be aware of before applying for a loan against property:

Here are the common types of loans against property you can consider based on your financial needs and purpose:

Loan Against Residential Property

This loan is given by pledging a self-occupied or rented residential property to meet personal or business expenses.

Loan Against Commercial Property

You can pledge commercial spaces like shops or offices to raise funds for business or professional use.

Lease Rental Discounting

This property loan is offered against rental income from a leased commercial property, where the rent is used as security.

Loan Against Industrial Property

Industrial plots or buildings used for manufacturing or warehousing can be used as collateral to get a loan.

Loan Against Property Balance Transfer

You can transfer your existing loan against property to another lender offering lower interest rates and better terms.

Top-up Loan on Existing LAP

If you already have a loan against property, you can apply for an additional loan amount as a top-up, subject to eligibility.

Here are some common ways you can use a loan against property to meet your financial needs:

Business Expansion

Use the funds to grow your business, open new branches, or invest in new equipment.

Debt Consolidation

Combine multiple loans into one to reduce your overall interest and simplify repayments.

Medical Expenses

Cover urgent medical bills, surgeries, or long-term treatments without affecting your savings.

Higher Education

Fund education expenses for yourself or your children, both in India and abroad.

Home Renovation

Upgrade or repair your home without dipping into your emergency funds.

Wedding Expenses

Pay for wedding costs like venue, catering, or travel with a single, large loan.

Travel or Relocation

Manage relocation costs or fund a long-awaited international trip without using credit cards.

Here are a few important points to keep in mind before applying for a loan against property:

Property Valuation

Lenders assess your property's market value to decide the loan amount they can offer.

Loan-to-Value Ratio (LTV)

Most lenders offer up to 75–80% of your property's current market value as the loan amount.

Repayment Capacity

Your income, credit score, and existing debts are reviewed to ensure you can repay the loan on time.

Interest Rates and Charges

Compare loan against property interest rates, processing fees, and other charges across lenders to avoid hidden costs.

Tenure Flexibility

Check if the lender offers a repayment period that suits your financial planning.

Loan Processing Time

Some lenders may take longer to process and disburse the loan, depending on their documentation and verification process.

Impact on Ownership

The property remains in your name, but the lender holds legal rights until full repayment is made.

Prepayment and Foreclosure Terms

Understand the terms related to part-payment or full pre-closure to avoid extra charges later.

Applying for a loan against property is now faster and easier, helping you get funds without lengthy paperwork or delays. Here are the steps to apply on Bajaj Markets:

1. Click on ‘CHECK OFFER’ on this page

2. Enter your personal and work-related details

3. Choose your loan amount and repayment tenure

4. Submit the application form

Once you submit the form, your details will be verified. An executive will then contact you to guide you through the next steps.

Here are the key reasons to choose Bajaj Markets for your loan against property needs:

High Loan Amounts

Access loans up to ₹15 Crores by pledging your residential or commercial property.

Competitive Interest Rates

Benefit from attractive interest rates starting at 9% per annum, making your loan more affordable.

Flexible Repayment Tenure

Choose a repayment period that suits you, with options available for up to 25 years.

Simple Online Application

Apply online from anywhere and save time with a fast and paperless digital process.

Multiple Lending Partners

Compare offers from various lenders to find the best deal that fits your requirements.

No End-use Restrictions

Utilise the loan amount for various purposes, including business expansion, education, or medical expenses.

Quick Disbursal

Experience fast loan processing and disbursal, helping you meet your financial needs promptly.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions. Basis the information provided during your loan application journey, you may be provided with various offers from our existing loans partners.