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BAJAJ FINSERV DIRECT LIMITED

₹10 Lakh Loan Against Property

Review the EMI breakup for various tenures on a ₹10 Lakh loan against property 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

- +

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

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To fulfil various financial needs, such as funding personal or business expenses, home renovations, or other requirements, you can opt for a Loan Against Property (LAP). 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.

EMIs for a Loan Against Property of ₹10 Lakhs for Varying 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 life of 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.

Loan Amount	Tenure	EMI Value
₹10 Lakh	5 years	₹21,002
₹10 Lakh	10 years	₹12,940
₹10 Lakh	15 years	₹10,442
₹10 Lakh	20 years	₹9,321
₹10 Lakh	25 years	₹8,737
₹10 Lakh	30 years	₹8,409

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

Detailed Repayment Breakup of a Loan Against Property of ₹10 Lakhs for 10 Years

You can calculate the monthly EMI amount for the loan using the ₹10 Lakhs LAP EMI calculator. Here is what you may pay as the total interest and overall dues over a 10-year tenure:

Loan Amount	₹10 Lakhs
Interest Rate	9.50% p.a.
Loan Tenure	10 years
EMI Payable	₹12,940
Total Interest Payable	₹5,52,771
Total Payable Amount	₹15,52,771

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

Detailed Repayment Breakup of Loan Against Property of ₹10 Lakhs for 15 Years

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

Loan Amount	₹10 Lakhs
Interest Rate	9.50% p.a.
Loan Tenure	15 years
EMI Payable	₹10,442
Total Interest Payable	₹8,79,604
Total Payable Amount	₹18,79,604

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

Detailed Repayment Breakup of Loan Against Property of ₹10 Lakhs 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.
Loan Tenure	20 years
EMI Payable	₹9,321
Total Interest Payable	₹12,37,115
Total Payable Amount	₹22,37,115

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

Detailed Repayment Breakup of Loan Against Property of ₹10 Lakhs 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.
Loan Tenure	30 years
EMI Payable	₹8,409
Total Interest Payable	₹20,27,075
Total Payable Amount	₹30,27,075

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

Lenders Offering Loan Against Property of ₹10 Lakhs

Explore LAP options of up to ₹10 Lakhs from Bajaj Markets. Compare loan terms from various partner lenders and choose a suitable plan. Below is a list of some of the financial institutions and the interest rates they offer:

Financial Institution	Minimum Interest Rate (p.a.)
Aditya Birla Finance	10.50%
Bajaj Housing Finance	9.75%
Home First Finance Company	14.00%
Sammaan Finserve	9.75%
ICICI Bank	10.60%
India Shelter	15%
L&T Finance	9.60%
LIC Housing Finance	9.45%
PNB Housing Finance	9.25%
Shubham Housing Finance	13.90%
Shriram Housing Finance	14.75%

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

Eligibility Criteria and Documents Required for a ₹10 Lakhs Loan Against Property

To apply for a loan against property with Bajaj Markets, you need to meet the following criteria to qualify:

You must be between 21 and 70 years of age
You must have a minimum income of ₹30,000 per month
You must have at least 1 year of work experience if salaried, or 2 years if self-employed

You also need to fulfil the following document requirements:

For Salaried Individuals:

Identity Proof: Aadhaar card, PAN card, voter ID, passport, or any other government-issued ID
Address Proof: Aadhaar card, voter ID, passport, utility bill, ration card, or any other government-issued document
Income Proof: Salary slips for the previous 3 months, latest ITR, and Form 16
Property Documents

For Self-employed Individuals:

Identity Proof: Aadhaar card, PAN card, voter ID, passport, or any other government-issued ID
Address Proof: Aadhaar card, voter ID, passport, utility bill, ration card, or any other government-issued document
Income Proof: Bank statements for the previous 6 months, audited financial statements of the business, and ITR filed by the business
Property Documents

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 on ₹10 Lakh Loan Against Property EMI

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

The EMI for a ₹10 Lakh loan against property depends on factors like the tenure and the applicable interest rate. Here is the EMI amount for various tenures with a 9.50% p.a. interest rate:

5 years: ₹21,002
10 years: ₹12,940
15 years: ₹10,442
20 years: ₹9,321
25 years: ₹8,737
30 years: ₹8,409

Disclaimer: EMI amount may vary based on multiple parameters. It is best to check with the lender before applying.

Can I get a ₹10 Lakh loan against property without collateral?

No, a loan against property is a secured loan that requires you to pledge property as collateral. For unsecured options, you can consider personal loans or other alternatives.

Who is eligible for a ₹10 Lakh loan against property?

To qualify for a ₹10 Lakh loan against property, you need to meet specific criteria based on your age and employment. Here are the criteria to get a loan through Bajaj Markets:

You must be between 21 and 70 years of age
You must have a minimum income of ₹30,000 per month
You must have at least 1 year of work experience if salaried, or 2 years if self-employed

How can I get ₹10 Lakhs immediately?

You can apply for a loan against property and get quick access to funds. Banks and Non-banking Financial Companies (NBFCs) often disburse funds quickly after approval.

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