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BAJAJ FINSERV DIRECT LIMITED

₹40 Lakh Loan Against Property

Manage all your financial needs easily with a ₹40 Lakh loan against property, with low interest rates and flexible repayment options.

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.

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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.

For example, if you take a ₹40 Lakh loan against property for a 4-year tenure at an interest rate of 8.99% p.a., your EMI would be approximately ₹99,521. The total interest payable over the tenure would be around ₹7.77 Lakhs, bringing the total repayment amount to approximately ₹47.7 Lakhs.

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 up to 30 years. Opting for a longer tenure reduces your monthly EMIs but leads to higher overall interest payments.

For a ₹40 Lakh loan against property, refer to the table below to check the EMIs for various tenures:

Tenure	Loan Amount	Interest Rate	EMI Value
5 Years	₹40 Lakhs	8.99% p.a.	₹83,014
10 Years	₹40 Lakhs	8.99% p.a.	₹50,649
15 Years	₹40 Lakhs	8.99% p.a.	₹40,547
20 Years	₹40 Lakhs	8.99% p.a.	₹35,963
25 Years	₹40 Lakhs	8.99% p.a.	₹33,540
30 Years	₹40 Lakhs	8.99% p.a.	₹32,156

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

₹40 Lakh Loan Against Property: EMI and Interest Payable for Various Tenures

A ₹40 Lakh loan against property comes with varying EMIs and total interest payouts depending on the repayment tenure. Shorter tenures mean higher EMIs but lower interest cost overall, while longer tenures reduce the EMI but increase the total interest.

Selecting the right tenure helps you balance your monthly EMI with the total interest payable, ensuring the loan fits your budget and long-term financial plans.

₹40 Lakh Loan Against Property EMI for 5 Years

Opting for a ₹40 Lakh loan against property with a 5-year tenure results in higher monthly EMIs but reduces the total interest payable compared to longer loan tenures.

Here is a breakdown:

Loan Amount	₹40 Lakhs
Interest Rate	8.99% p.a.
Loan Tenure	5 years
EMI Payable	₹83,014
Total Interest Payable	₹9,80,841
Total Payable Amount	₹49,80,841

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

₹40 Lakh Loan Against Property EMI for 10 Years

Choosing a 10-year repayment tenure will lower your monthly EMIs compared to a 5-year tenure. Here is a breakdown of the EMI, interest payable, and the total payable amount:

Loan Amount	₹40 Lakhs
Interest Rate	8.99% p.a.
Loan Tenure	10 years
EMI Payable	₹50,649
Total Interest Payable	₹20,77,840
Total Payable Amount	₹60,77,840

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

₹40 Lakh Loan Against Property EMI for 15 Years

A ₹40 Lakh loan against property with a 15-year tenure can increase the total amount payable to approximately ₹72 Lakhs. Here is an overview:

Loan Amount	₹40 Lakhs
Interest Rate	8.99% p.a.
Loan Tenure	15 years
EMI Payable	₹40,547
Total Interest Payable	₹32,98,437
Total Payable Amount	₹72,98,437

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

₹40 Lakh Loan Against Property EMI for 20 Years

Opting for a longer tenure on a ₹40 Lakh loan against property results in lower EMIs, but it also leads to higher total interest payments.

Loan Amount	₹40 Lakhs
Interest Rate	8.99% p.a.
Loan Tenure	20 years
EMI Payable	₹35,963
Total Interest Payable	₹46,31,196
Total Payable Amount	₹86,31,196

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

₹40 Lakh Loan Against Property EMI for 25 Years

With a 25-year tenure, the total repayment amount can exceed ₹1 Crore. Below is a detailed breakdown of the EMI for a ₹40 Lakh loan against property:

Loan Amount	₹40 Lakhs
Interest Rate	8.99% p.a.
Loan Tenure	25 years
EMI Payable	₹33,540
Total Interest Payable	₹60,62,140
Total Payable Amount	₹1,00,62,140

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

₹40 Lakh Loan Against Property EMI for 30 Years

With a 30-year tenure, your interest payable for a ₹40 Lakh loan against property will cross ₹75 Lakhs, and the total amount will cross ₹1.15 Crores. Here is a breakdown:

Loan Amount	₹40 Lakhs
Interest Rate	8.99% p.a.
Loan Tenure	30 years
EMI Payable	₹32,156
Total Interest Payable	₹75,76,206
Total Payable Amount	₹1,15,76,206

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

How to Calculate ₹40 Lakh Loan Against Property EMI

To calculate the EMI for a ₹40 Lakh loan against property, you need the loan amount, interest rate, and repayment tenure. Most banks and financial calculators use this standard 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 borrow ₹40 Lakh at an interest rate of 8.99% for 36 months, your EMI will be approximately ₹1,27,180. Over the entire tenure, you will pay around ₹5.78 Lakhs as total interest, making the total repayment about ₹45.78 Lakhs.

You can also use an online loan against property EMI calculator for quick and accurate results.

Interest Rates Offered by Different Lenders

Here is an overview of estimated EMIs and total interest payable from different partner lenders on Bajaj Markets, based on each lender’s applicable interest rate:

Lenders	Min. Interest Rate	Tenure	EMI	Total Interest Payable
Bajaj Housing Finance Limited	8.99%	48 months	₹99,521	₹7,77,017
JIO FS	9% p.a.	48 months	₹99,540	₹7,77,928
PNB Housing Finance	9.25%	48 months	₹1,00,016	₹8,00,753
LIC Housing Finance	9.45%	48 months	₹1,00,397	₹8,19,059
L&T Finance	9.60%	48 months	₹1,00,684	₹8,32,816
Easy Home Finance	9.60% p.a.	48 months	₹1,00,684	₹8,32,816
Aditya Birla Capital Limited	10.50% p.a.	48 months	₹1,02,414	₹9,15,849
ICICI Bank	10.60%	48 months	₹1,02,607	₹9,25,127
Shubham Housing Finance	13.90%	48 months	₹1,09,105	₹12,37,057
Home First Finance Company (HFFC)	14.00%	48 months	₹1,09,306	₹12,46,683
Truhome Finance	14.75%	48 months	₹1,10,817	₹13,19,204
India Shelter	15.00%	48 months	₹1,11,323	₹13,43,504

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

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 will be 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 8.99% p.a:

5 Years: ₹83,014
10 Years: ₹50,649
15 Years: ₹40,547
20 Years: ₹35,963
25 Years: ₹33,540
30 Years: ₹32,156

What is the eligibility 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 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 ₹40 Lakh loan against property?

To qualify for a ₹40 Lakh loan against property from Bajaj Markets, the documents required include:

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

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

What is the interest rate range for a ₹40 Lakh loan against property?

The interest rate for a ₹40 Lakh loan against property on Bajaj Markets starts from 8.99% p.a. The final rate depends on your credit profile, income, property value, and the lender’s terms.

What is the tenure range available for a ₹40 Lakh loan against property?

The tenure for a ₹40 Lakh loan against property on Bajaj Markets can go up to 240 months (20 years). Choosing a longer tenure can help lower your EMIs, while a shorter tenure reduces the total interest paid.

Can I get a ₹40 Lakh loan against property with a low credit score?

Yes, you can still qualify for a ₹40 Lakh loan against property with a low credit score since it is a secured loan. However, lenders may offer stricter terms, higher interest rates, and require a stable income and good property value.

What happens if I miss an EMI payment on my ₹40 Lakh loan against property?

Missing an EMI can lead to late payment penalties and negatively impact your credit score. Continuous defaults may result in legal action and the risk of losing your mortgaged property.

How much salary is required for a ₹40 Lakh loan against property?

To apply for a ₹40 Lakh loan against property on Bajaj Markets, you need a minimum monthly income of ₹30,000. Higher income and a strong repayment track record can improve your approval chances and loan terms.

How to apply for a ₹40 Lakh loan against property?

Visit the Bajaj Markets website and then the page on loan against property. Enter your details, choose loan amount and tenure, then submit the form.

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