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BAJAJ FINSERV DIRECT LIMITED

₹40 Lakh Loan Against Property

Manage 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!

Your Monthly Loan EMI

₹ 37,285

Total Interest

₹ 4,948,459

Principal Amount

₹ 40,00,000

Total Payable Amount

₹ 89,48,459

Loan Amount

Interest Rate

- +

Tenure

- +

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

You can secure a ₹40 Lakh loan against property to meet a range of financial needs. These could include home renovation, medical expenses, funding education, or consolidating existing debts. By using your high-value property as collateral, you can easily access the necessary funds.

Understanding the EMIs that you need to pay at different loan terms will help you choose the most suitable plan for more manageable repayment. Taking a LAP from Bajaj Markets is quick and convenient as you can apply digitally from the comfort of your home.

EMIs for a Loan Against Property of ₹40 Lakhs at Varying Tenures

You can choose from various loan tenures based on your financial capacity, such as 5, 10, 15, 20, 25, or 30 years for the ₹40 Lakh loan against your property. Remember, opting for a longer tenure reduces your monthly EMIs, but leads to higher overall interest payments.

Refer to the table below to check the EMI amounts for various tenures:

Loan Amount	Tenure	EMI Value
₹40 Lakh	5 Years	₹84,007
₹40 Lakh	10 Years	₹51,759
₹40 Lakh	15 Years	₹41,769
₹40 Lakh	20 Years	₹37,285
₹40 Lakh	25 Years	₹34,948
₹40 Lakh	30 Years	₹33,634

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 ₹40 Lakhs for 10 Years

For a ₹40 Lakh LAP with a 10-year tenure, check the EMI amount, total interest charges, and total amount payable in the table below:

Loan Amount	₹40 Lakhs
Interest Rate	9.50% p.a.
Loan Tenure	10 years
EMI Payable	₹51,759
Total Interest Payable	₹22,11,083
Total Payable Amount	₹62,11,083

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 ₹40 Lakhs for 20 Years

For easier repayment, you can choose an extended tenure, such as 20 years. Check the repayment structure for a ₹40 Lakh loan against property in the table below:

Loan Amount	₹40 Lakhs
Interest Rate	9.50% p.a.
Loan Tenure	20 years
EMI Payable	₹37,285
Total Interest Payable	₹49,48,459
Total Payable Amount	₹89,48,459

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 ₹40 Lakhs for 30 Years

If you prefer smaller EMIs for more manageable repayments, choosing a 30-year tenure is a wise choice. Below is an example of what the repayment structure could look like:

Loan Amount	₹40 Lakhs
Interest Rate	9.50% p.a.
Loan Tenure	30 years
EMI Payable	₹33,634
Total Interest Payable	₹81,08,301
Total Payable Amount	₹1,21,08,301

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

Lenders Offering a Loan Against Property of ₹40 Lakhs

Selecting the right lender is crucial for securing the most favourable loan terms. Head to Bajaj Markets to browse the loan against property options from various lenders and make a well-informed choice.

The following table provides details of lenders and their starting interest rates:

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	15.00% p.a.

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

Eligibility Criteria and Documents Required for a ₹40 Lakhs Loan Against Property

To qualify for a loan against property, you must meet certain eligibility criteria. When applying with Bajaj Markets, here are the specific requirements for both salaried and self-employed applicants:

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

You also need to submit the following paperwork for verification:

For Salaried Individuals:

Identity Proof: Aadhaar card, PAN card, Voter ID, Passport, or any government-issued ID
Address Proof: Aadhaar card, Voter ID, Passport, utility bill, Ration card, or any government-issued document
Income Proof: Salary slips for the last 3 months, latest Income Tax Return (ITR), and Form 16
Documents of the property being pledged

For Self-employed Individuals:

Identity Proof: Aadhaar card, PAN card, Voter ID, Passport, or any government-issued ID
Address Proof: Aadhaar card, Voter ID, Passport, utility bill, Ration card, or any government-issued document
Income Proof: Bank statements for the last 6 months, audited financial statements of the business, and ITR filed by the business
Documents of the property being pledged

Other Loan Against Property EMI Options

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

FAQs on ₹40 Lakh Loan Against Property EMI

What is the EMI for a ₹40 Lakh loan against property?

The 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

Who is eligible for a ₹40 Lakh loan against property?

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

What is the monthly EMI for a ₹40 Lakh loan against property?

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.

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₹40 Lakh Loan Against Property

EMIs for a Loan Against Property of ₹40 Lakhs at Varying Tenures

Detailed Breakup of a Loan Against Property of ₹40 Lakhs for 10 Years

Detailed Breakup of a Loan Against Property of ₹40 Lakhs for 20 Years

Detailed Breakup of a Loan Against Property of ₹40 Lakhs for 30 Years

Lenders Offering a Loan Against Property of ₹40 Lakhs

Eligibility Criteria and Documents Required for a ₹40 Lakhs Loan Against Property

Other Loan Against Property EMI Options

FAQs on ₹40 Lakh Loan Against Property EMI

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