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You can easily compare Loan Against Property (LAP) offers from multiple lenders on Bajaj Markets.
... Read MoreManage all your financial requirements easily with a loan against property of ₹40 Lakhs. Get quick disbursal after application and enjoy no restriction on end usage!
You can easily compare Loan Against Property (LAP) offers from multiple lenders on Bajaj Markets.
... Read MoreThe EMI depends on factors such as the loan tenure, interest rate, and repayment terms. Check out the EMI you may need to pay at various tenures for a ₹40 Lakh loan with an interest rate of 9.50% p.a.:
5 Years: ₹84,007
10 Years: ₹51,759
15 Years: ₹41,769
20 Years: ₹37,285
25 Years: ₹34,948
30 Years: ₹33,634
To qualify for a ₹40 Lakh loan against property from Bajaj Markets, ensure you meet these requirements:
Age: Between 21 and 70 years
Minimum Monthly Income: ₹30,000
Work Experience: At least 1 year for salaried individuals, and 2 years for self-employed individuals
The monthly EMI for a ₹40 Lakh loan against property depends on the interest rate, and the loan tenure. For example, with an interest rate of 9.5% per annum and a tenure of 10 years, the EMI would be ₹51,759. For a 30-year tenure, the EMI would be ₹33,634.
You can use an online EMI calculator to get an accurate estimate based on your preferred tenure.