BAJAJ FINSERV DIRECT LIMITED

₹1 Crore Loan Against Property

Leverage your property to secure a ₹1 Crore loan and gain quick access to funds for a wide range of financial needs. 

Your Monthly Loan EMI
₹ 64,699
Total Interest
₹ 2,763,853
Principal Amount
₹ 50,00,000
Total Payable Amount
₹ 77,63,853
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
- +
Min value reached
Max value reached

You can easily compare Loan Against Property (LAP) offers from multiple lenders on Bajaj Markets.

...

This platform also provides a clear view of the total interest payable and the overall repayment amount, enabling you to plan your finances and budget more efficiently.

Read More

Taking a ₹1 Crore Loan Against Property (LAP) requires careful planning. To make a suitable decision, it is essential to understand the:

  • Repayment amounts across different tenures

  • Total interest you will pay

  • Lenders offering the most competitive rates 

Using a ₹1 Crore loan against property EMI calculator can help you plan your borrowing more effectively. By calculating your Equated Monthly Instalments (EMIs) in advance, you can ensure a smooth repayment journey.

EMIs for a Loan Against Property of ₹1 Crore at Varying Tenures

The length of your loan repayment period plays a crucial role in determining your payments. Opting for a longer tenure will reduce your EMI. However, it leads to a higher total interest paid over time. Finding the right balance is essential for managing your loan effectively.

Here is a table showing the EMI for a ₹1 Crore loan against property at an annual interest rate of 9.50% for various tenures:

Loan Amount

Tenure

EMI Value

₹1 Crore

5 Years

₹2,10,019

₹1 Crore

10 Years

₹1,29,398

₹1 Crore

15 Years 

₹1,04,422

₹1 Crore

20 Years

₹93,213

₹1 Crore

25 Years 

₹87,370

₹1 Crore

30 Years 

₹84,085

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Detailed Breakup of a Loan Against Property of ₹1 Crore for 10 Years

Here is a detailed overview of the repayment structure for a ₹1 Crore loan against property over a tenure of 10 years and an annual interest rate of 9.50%. This will help you understand the financial commitment involved:

Loan Amount 

₹1 Crore

Interest Rate 

9.50% p.a.

Loan Tenure

10 years

EMI Payable 

₹1,29,398

Total Interest Payable

₹55,27,707

Total Payable Amount 

₹1,55,27,707

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Detailed Breakup of a Loan Against Property of ₹1 Crore for 20 Years

A 20-year tenure is beneficial as it divides the total payable amount into smaller, more manageable instalments for easier repayment. 

The table below outlines the monthly instalment, total interest, and total payable amount for a 20-year period at an annual interest rate of 9.50%:

Loan Amount 

₹1 Crore

Interest Rate 

9.50% p.a.

Loan Tenure

20 years

EMI Payable 

₹93,213

Total Interest Payable

₹1,23,71,149

Total Payable Amount 

₹2,23,71,149

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Detailed Breakup of a Loan Against Property of ₹1 Crore for 30 Years

Selecting a 30-year tenure can significantly ease the repayment process by reducing the monthly burden. Check the EMI, total interest, and overall payable amount for a ₹1 Crore loan in the table below:

Loan Amount 

₹1 Crore

Interest Rate 

9.50% p.a.

Loan Tenure

30 years

EMI Payable 

₹84,085

Total Interest Payable

₹2,02,70,751

Total Payable Amount 

₹3,02,70,751

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Lenders Offering Loans Against Property of ₹1 Crore

Selecting the right lender is essential for securing favourable loan terms. Explore loans against property options up to ₹1 Crore on Bajaj Markets and compare offers from various lenders:

Financial Institution

Minimum Interest Rate

Sammaan Finserve

9.75% p.a.

PNB Housing Finance

9.25% p.a.

Aditya Birla Finance

10.50% p.a.

Bajaj Housing Finance

9.75% p.a.

L&T Finance

9.60% p.a.

LIC Housing Finance

9.45% p.a.

Home First Finance Company

14.00% p.a.

ICICI Bank

10.60% p.a.

Shubham Housing Finance

13.90% p.a.

Shriram Housing Finance

14.75% p.a.

India Shelter

15% p.a.

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

Eligibility Criteria and Documents Required for a ₹1 Crore Loan Against Property

To apply for a ₹1 Crore loan against property, you need to meet specific eligibility criteria and provide essential documents. Below is an overview of the eligibility requirements for both salaried and self-employed applicants:

  • Your age must be between 21 and 70 years

  • You should have a monthly income of at least ₹30,000

  • You should have work experience of at least 1 year if you are salaried, and 2 years if you are self-employed

You also need to provide some paperwork for verification:

For Salaried Individuals:

  • Identity proof, such as an Aadhaar card, PAN card, Voter ID, Passport, or any government-issued ID

  • Address proof, such as Aadhaar card, Voter ID, Passport, utility bill, Ration card, or any government-issued document

  • Income proof, including salary slips for the previous 3 months, latest Income Tax Return (ITR), and Form 16

  • Documents related to the property you are pledging

For Self-employed Individuals:

  • Identity proof, including an Aadhaar card, PAN card, Voter ID, Passport, or any government-issued ID

  • Address proof, such as an Aadhaar card, Voter ID, Passport, utility bill, Ration card, or any government-issued document

  • Income proof, including bank statements for the last 6 months, audited financial statements of the business, and ITR filed by the business

  • Documents related to the property you are pledging

FAQs on ₹1 Crore Loan Against Property EMI

What is the EMI for a ₹1 Crore loan against property?

The EMI amount for this loan depends on several factors, including the loan amount, interest rate, and repayment tenure. 

For instance, if you take a ₹50 Lakh loan at an interest rate of 9.50% per annum with a 30-year tenure, the EMI would be ₹42,043. For a 5-year tenure with the same interest rate, the EMI would be ₹1,05,009.

To be eligible for a ₹1 Crore LAP via Bajaj Markets, you need to meet the following criteria:

  • Your age must be between 21 and 70 years

  • You should have a monthly income of at least ₹30,000

  • You should have work experience of at least 1 year if you are salaried, and 2 years if you are self-employed

The EMI amount for a ₹1 Crore LAP varies based on the following factors:

  • The interest rate set by the bank

  • The tenure you choose

Use a ₹1 Crore loan against property EMI calculator to get the EMI amounts for various loan terms and plan your repayment better.

Yes, you can get the loan if you meet the eligibility criteria set by the lender. Check the ‘Loan Against Property’ page of Bajaj Markets. Compare interest rates and apply online with ease.

View More
Home
Home
ONDC_BD_StealDeals
Steal Deals
Credit Score
Credit Score
Accounts
Accounts
Explore
Explore

Our Products