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Know more about the loan against property balance transfer (LAPBT) from Bajaj Housing Finance and secure a loan up to ₹3 Crores with a starting interest rate of 9.10% p.a. and tenure of 20 years
Transfer the balance of your existing loan against property to Bajaj Housing Finance. Do it easily on Bajaj Markets through a seamless and hassle-free online process. With Bajaj Housing Finance LAPBT, you can transfer your existing loan on better terms, helping you reduce costs and optimise repayment.
You can save on repayment costs with interest rates starting as low as 9.10% p.a. Also, you can repay the loan at your convenience over extended tenures ranging up to 20 years.
The interest rates and other associated fees charged on the facility are as follows:
Interest Rate |
9.10% p.a. onwards |
Processing Fee |
Up to 1% of the loan amount |
Foreclosure Charges |
4% of outstanding loan amount + GST |
Prepayment Fee |
2% of the outstanding loan amount + GST |
Disclaimer: The details mentioned above are subject to change at the lender’s discretion.
There may be additional fees and charges with the loan that you should be aware of. Knowing these in advance helps you plan your repayment more effectively.
Fees for Top-up Loan |
Up to 4% of the loan amount + GST |
Switch to Lower Rates |
Up to 2% of the principal outstanding amount + GST |
Expenses to Cover Costs |
On actuals |
Statutory Charges |
Per state laws |
Cheque Swap Charges |
Per expenses incurred |
Disclaimer: The details mentioned above are subject to change at the lender’s discretion.
The entire balance transfer process is online and requires minimal documentation.
This will make your application and approval process convenient. You can complete the process from the comfort of your home without visiting a branch.
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Repay the loan over extended tenures ranging up to 20 years. This flexibility allows you to select a repayment plan that aligns with your financial goals and monthly budget.
Transfer your existing home loan and get a top-up facility on the ongoing loan. This helps you consolidate your loans, making repayment easier and more organised.
With 24X7 access to the customer portal, get all the loan-related information at the click of a button.
You can track payments, check balances, and manage your loan without needing to contact customer service.
Read MoreBajaj Housing Finance offers a range of Loan Against Property options designed to meet diverse financial needs. These loans provide flexible terms, competitive interest rates, and convenient repayment options to help you manage funds efficiently.
This option allows you to transfer the outstanding balance of your existing Loan Against Property to Bajaj Housing Finance. It helps you benefit from more competitive interest rates and favourable loan terms.
Bajaj Housing Finance also offers a top-up loan option with your Loan Against Property. If you require additional funds beyond your existing loan, you can apply for a top-up to consolidate your finances. This makes repayment more manageable and allows you to access extra funds without taking a separate loan.
Tailored for professionals like doctors and chartered accountants, this loan offers substantial funding to support business or housing needs. Eligible professionals can access significant loan amounts with quick disbursal, ensuring the timely availability of funds for their requirements.
Be sure to meet the following eligibility criteria of the facility before applying to avoid rejection:
Your age must be between 23 and 60 years (minimum age can be 18 years for non-financial property owners)
Salaried employees need to work at an MNC, a private company, or a public sector company
If you are a self-employed individual, you need to have a business with a steady income
You have to be an Indian citizen
Be sure to maintain a good credit score, as it is usually evaluated by the lender to assess your loan eligibility. Keep the documents listed below handy when applying for the balance transfer facility:
Follow these steps to apply for the balance transfer facility on Bajaj Markets:
Click on the ‘Check Eligibility’ button available on this page
You will be directed to the digital loan application form
Select ‘Loan Against Property Balance Transfer’ from the drop-down menu
Indicate your employment status as either a Salaried Professional or a Business Owner
Enter your mobile number to proceed with eligibility validation
Confirm acceptance of the terms of use and authorise information sharing as applicable
Press ‘Apply Now’ to complete and send your application
You can track your Loan application online through the website or mobile app:
Using Official Website
Using Mobile App
You can manage your loan entirely online and access your loan statement without visiting a branch. Use the following steps to check and download the statement:
Visit the Bajaj Housing Finance website and click ‘Login’, and then ‘Customer’
Log in using your registered mobile number or email ID with OTP, or use your Customer ID and password
After logging in, you can view or download the loan statement
Repaying your Loan Against Property Balance Transfer with Bajaj Housing Finance is flexible and designed to suit your financial needs. You can choose from several repayment options to manage your loan efficiently.
Repay your loan in fixed monthly instalments that cover both principal and interest. This provides a predictable outflow and helps you plan your budget effectively.
Make partial payments towards your loan principal at any time during the tenure. This reduces your outstanding balance and can lower the total interest payable over the loan period.
You can close your loan entirely before the end of the tenure by paying the outstanding principal and applicable charges. Foreclosing your loan early helps save on interest and gives you financial freedom sooner.
You can apply for a balance transfer from Bajaj Housing Finance for properties in Delhi, Mumbai, Bengaluru, Ahmedabad, Pune, etc.
Yes, but the approval will depend on the eligibility criteria and the authenticity of the document. You need to submit the required documents from your current lender.
The speed of the balance transfer process depends on the verification process. If you submit complete and authentic documents, the lender will disburse your loan within 48 hours* of approval.
Yes, you need to pay up to 1% of the transferred amount as a processing fee for the process.
Yes, you can get a top-up loan along with the balance transfer, allowing you to access additional funds without taking a separate loan.
Yes, it is possible, but subject to applicable prepayment or foreclosure charges as per the loan terms.
Missing an EMI does not automatically classify you as a defaulter. However, if you fail to settle the payment within a specified period, you may incur:
Late EMI penalties, applied as a flat fee or a percentage.
EMI bounce charges in case the payment fails.
Yes, you can transfer your commercial property loan to Bajaj Housing Finance Limited (BHFL) through their Loan Against Property (LAP) Balance Transfer facility. This option allows you to refinance your existing commercial property loan with BHFL, potentially securing better interest rates and more favorable terms.
