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BAJAJ FINSERV DIRECT LIMITED

₹10 Lakh Loan Against Property

Review the EMI breakup for various tenures on a loan against property of ₹10 Lakhs and choose the option that suits your repayment needs.

Your Monthly Loan EMI

₹ 12,940

Total Interest

₹ 552,771

Principal Amount

₹ 10,00,000

Total Payable Amount

₹ 15,52,771

Loan Amount

Interest Rate

- +

Tenure

- +

Check Offer

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

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You can opt for a Loan Against Property (LAP), to fulfil various financial needs, such as funding personal or business expenses, home renovations, or other requirements. Choose a loan amount of up to ₹10 Lakhs by pledging high-value property as collateral.

By reviewing the EMI amounts across different tenures, you can select the best plan for convenient repayment. This allows you to tailor repayment according to your financial situation.

For example,

If you take a ₹10 Lakh loan for 10 years at an interest rate of 9.50% per annum, your EMI will be approximately ₹12,937. Over the full tenure, you will pay around ₹5,52,440 as interest, making the total repayment about ₹15,52,440.

₹10 Lakh Loan Against Property EMI for Different Tenures

Repayment tenure is a key factor influencing the total amount payable on your loan against property. Opting for a longer tenure can reduce your monthly EMI, but will also lead to higher overall interest payments over the loan.

The table given below shows the EMI calculation for a ₹10 Lakh loan against property at an interest rate of 9.50% p.a. across various tenures.

Tenure	Loan Amount	Interest Rate	EMI Amount
5 Years	₹10 Lakhs	9.50% p.a.	₹21,049
10 Years	₹10 Lakhs	9.50% p.a.	₹12,937
15 Years	₹10 Lakhs	9.50% p.a.	₹10,485
20 Years	₹10 Lakhs	9.50% p.a.	₹9,321
25 Years	₹10 Lakhs	9.50% p.a.	₹8,737
30 Years	₹10 Lakhs	9.50% p.a.	₹8,409

Disclaimer: The values mentioned are approximate and meant for illustration only. For

precise EMI details, it is advisable to contact your lender directly.

₹10 Lakh Loan Against Property: EMI & Interest Payable for Various Tenures

Here are different tables showcasing the EMI, payable amount for different tenures. The loan duration determines the EMI and total interest due on a loan against property of ₹10 Lakh. Here are different tables showcasing the EMI, payable amount for different tenures.

₹10 Lakh Loan Against Property EMI for 5 Years

Here is a table showing the ₹10 Lakh loan against property EMIs for a 5-year tenure:

Loan Amount	₹10 Lakhs
Interest Rate	9.50% p.a.
Tenure	5 Years
Total EMI Payable	₹21,049
Total Interest Payable	₹2,62,940
Total Amount Payable	₹12,62,940

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹10 Lakh Loan Against Property EMI for 10 Years

You can calculate the monthly EMI amount for the loan using the ₹10 Lakh loan against property EMI calculator. Here is what you are expected to repay as the total interest and overall dues over a 10-year tenure:

Loan Amount	₹10 Lakhs
Interest Rate	9.50% p.a.
Tenure	10 Years
Total EMI Payable	₹12,937
Total Interest Payable	₹5,52,440
Total Amount Payable	₹15,52,440

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹10 Lakh Loan Against Property EMI for 15 Years

Taking a loan against a property for a longer tenure, like 15 years, allows you to spread the repayment into manageable EMIs. Here is a detailed breakdown of the dues over a 15-year tenure:

Loan Amount	₹10 Lakhs
Interest Rate	9.50% p.a.
Tenure	15 Years
Total EMI Payable	₹10,485
Total Interest Payable	₹8,87,244
Total Amount Payable	₹18,87,244

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹10 Lakh Loan Against Property EMI for 20 Years

Opting for a 20-year loan tenure ensures extended repayment flexibility, making it easier to manage monthly instalments. Here is a comprehensive breakdown of the total borrowing cost for this term:

Loan Amount	₹10 Lakhs
Interest Rate	9.50% p.a.
Tenure	20 Years
Total EMI Payable	₹9,321
Total Interest Payable	₹12,37,040
Total Amount Payable	₹22,37,040

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹10 Lakh Loan Against Property EMI for 25 Years

You can take a ₹10 Lakh loan on easy EMIs for a 25-year tenure. Here is a table showcasing the interest rate and amount repayable for your loan against property:

Loan Amount	₹10 Lakhs
Interest Rate	9.50% p.a.
Tenure	25 Years
Total EMI Payable	₹8,737
Total Interest Payable	₹16,21,100
Total Amount Payable	₹26,21,100

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

₹10 Lakh Loan Against Property EMI for 30 Years

A 30-year tenure for a ₹10 Lakh loan against property provides a very comfortable repayment window, ensuring lower EMIs. Below is the detailed cost breakdown for this tenure:

Loan Amount	₹10 Lakhs
Interest Rate	9.50% p.a.
Tenure	30 Years
Total EMI Payable	₹8,409
Total Interest Payable	₹20,27,240
Total Amount Payable	₹30,27,240

Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

How to Calculate ₹10 Lakh Loan Against Property EMI

Calculate your loan against property EMI using the given formula:

EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

Where:

P = Loan amount
R = Monthly interest rate (Annual interest rate ÷ 12 ÷ 100)
N = Loan tenure in months

For example,

If you take a ₹10 Lakh loan for 30 years at an interest rate of 9.50% per annum, your monthly EMI will be approximately ₹8,409. The total interest payable will be around ₹20,27,075, bringing the overall repayment amount to ₹30,27,075.

To simplify the process, you can use a Loan Against Property EMI Calculator to get instant and accurate EMI estimates based on your inputs.

Interest Rates Offered by Different Lenders

On Bajaj Markets, you can quickly compare interest rates and loan terms from top lenders. The table below presents the estimated EMI for a ₹10 Lakh loan against property with a 5-year tenure. It also shows the total interest payable based on each lender’s minimum interest rate.

Lender	Interest Rate	Tenure	EMI Payable	Total Interest Payable
JIO FS	9.00% p.a.	60 months	₹20,758	₹2,45,501
PNB Housing Finance	9.25% p.a.	60 months	₹20,880	₹2,52,794
LIC Housing Finance	9.45% p.a.	60 months	₹20,977	₹2,58,646
L&T Finance	9.60% p.a.	60 months	₹21,051	₹2,63,046
Easy Home Finance	9.60% p.a.	60 months	₹21,051	₹2,63,046
Aditya Birla Capital Limited	10.50% p.a.	60 months	₹21,494	₹2,89,634
Shubham Housing Finance	13.90% p.a.	60 months	₹23,216	₹3,92,986
HOME FIRST	14.00% p.a.	60 months	₹23,268	₹3,96,095
Truhome Finance	14.75% p.a.	60 months	₹23,659	₹4,19,534
India Shelter	15.00% p.a.	60 months	₹23,790	₹4,27,396

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

Other Loan Against Property EMI Options

20 Lakh Loan Against Property	30 Lakh Loan Against Property
40 Lakh Loan Against Property	50 Lakh Loan Against Property
1 Crore Loan Against Property

FAQs

What will be the EMI for a ₹10 Lakh loan against property?

The EMI for a ₹10 Lakh loan against property depends on factors such as the interest rate, loan tenure, and the lender’s terms. For example, if you take a ₹10 Lakh loan for a tenure of 15 years at an interest rate of 9.50% p.a., your monthly EMI would be approximately ₹10,441.

What is the eligibility for a ₹10 Lakh loan against property?

The ₹10 Lakh loan against property eligibility criteria depend on various factors, including:

Age between 21 and 70 years
Minimum monthly income of ₹30,000
At least 1 year of work experience (salaried)
Minimum 2 years of business continuity (self-employed)

What documents are required for a ₹10 Lakh loan against property?

Here are the documents required for a ₹10 Lakh loan against property on Bajaj Markets:

Salaried Individuals

Identity Proof: PAN card, Aadhaar card, voter ID, passport, or any other government-issued credential
Address Proof: Voter ID, Aadhaar card, passport, utility bill, ration card, or any other government-issued proof
Income Proof: Salary slips of the last 3 months, latest ITR, and Form 16
Property documents

For Self-Employed Individuals

Identity Proof: Aadhaar card, voter ID, passport, or any other government-issued credential
Address Proof: Voter ID, Aadhaar card, passport, utility bill, or any other government-issued proof
Income Proof: Bank statements of the last 6 months, audited financials of the company, and ITR filed by the business
Property documents

What is the interest rate range for a ₹10 Lakh loan against property?

The interest rate for a ₹10 Lakh loan against property on Bajaj Markets starts from 9.00% per annum. The final rate may vary based on your profile, income, and the lender’s policies.

What is the tenure range available for a ₹10 Lakh loan against property?

On Bajaj Markets, you can get a loan against property with a tenure of up to 240 months (20 years). This allows you to choose a comfortable repayment period based on your financial capacity.

Can I get a ₹10 Lakh loan against property with a low credit score?

A loan against property is a secured loan, and various lenders can approve it even with a lower credit score. However, you should focus on other things and tips to improve your score.

What happens if I miss an EMI payment on my ₹10 Lakh loan against property?

There are various repercussions for missing an EMI payment. It is possible to handle a small delay, like missing the deadline by a few days. The lender may remind you via call, email, or SMS, and an EMI bounce can lead to late fees and penalty interest.

Most lenders offer a short grace period for EMI payments. This usually ranges from three to five days, allowing you to pay without facing immediate penalties.

How much salary is required for a ₹10 Lakh loan against property?

All lenders have their income criteria for a ₹10 Lakh loan. To secure a loan against property on Bajaj Markets, your minimum income should be ₹30,000 per month.

How to apply for a ₹10 Lakh loan against property?

Follow these simple and easy steps on Bajaj Markets:

Click on ‘Check Offer’ on the Loan Against Property page on Bajaj Markets
Fill in your personal and professional details
Choose your loan amount and preferred tenure
Submit the application form to proceed

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