The EMI for a ₹30 Lakh loan against property varies based on the interest rate and tenure you choose. For example, at an interest rate of 8.99% p.a. for 10 years, your EMI would be approximately ₹37,986 per month.
To qualify for a ₹30 Lakh loan against property on Bajaj Markets, you need to meet these basic criteria:
Age must be between 21 and 70 years
Monthly income should be at least ₹30,000
Salaried individuals need at least 1 year of work experience
Self-employed individuals must have 2 years of stable business continuity
To secure a loan against property on Bajaj Markets, you will need to submit the following documents:
For Salaried:
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 papers
For Self-Employed:
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
The interest rate for a ₹30 Lakh loan against property starts from 8.99% p.a. The exact rate depends on the lender, your income, credit score, and chosen tenure.
The tenure for a ₹30 Lakh loan against property can go up to 20 years. The final term depends on the lender’s policies and your repayment capacity.
Yes, you can still apply with a low credit score. However, lenders may offer a lower loan amount, charge a higher interest rate, or ask for additional security.
Missing an EMI can lead to late payment fees and a drop in your credit score. Repeated defaults could result in legal action or the risk of losing the mortgaged property.
Most lenders require a minimum monthly salary of around ₹30,000 for a ₹30 Lakh loan against property. Your credit score, income stability, and existing obligations also influence eligibility.
You can easily apply for a ₹30 Lakh loan against property online on Bajaj Markets. Just follow these simple steps:
Visit the official Bajaj Markets Loan Against Property page and click on ‘Check Offer’
Fill in your personal, income, and property details
Choose your loan amount and preferred tenure
Upload the required documents and submit the application form