Bajaj Housing Finance Loan Against Property

Apply for the Bajaj Housing Finance Loan Against Property (LAP) on Bajaj Markets and manage all your financial requirements without restrictions. The Bajaj Housing finance loan against property interest rates start from 9.75% p.a., allowing you to borrow affordably.

You can get a maximum loan amount of up to ₹5 Crores that can be repaid conveniently within a tenure of 18 years.

Bajaj Housing Finance offers competitive interest rates on Loans Against Property (LAP), making it a practical financing option for both salaried and self-employed individuals. Here is a detailed overview:

Apart from the interest rate, there are additional charges you need to pay with the Bajaj Housing Finance loan against property. The table below provides a quick overview of these charges: 

To apply for a loan against property, you need to meet the following eligibility requirements: 

• You must have a minimum experience of 3 years, if salaried

• Your business must have a vintage of 3 years, if self-employed

• You must be between the age of 23 to 60 years if salaried, and 23 to 70 years if self-employed

• You must be residing in either of these cities – Delhi, Mumbai, Bengaluru, Ahmedabad, and Pune, among others

After ensuring that you meet the eligibility criteria, you need to submit when applying for a loan against property from Bajaj Housing Finance: 

For Salaried Applicants:

• Proof of Identity & Address: Aadhaar, Voter ID, Passport, etc.

• Mandatory Documents: PAN Card/Form 60

• Proof of Employment: Employer-issued ID

• Proof of Income: Latest salary slips, bank statement (3 months), Income Tax Returns

• Property Documents: Copy of documents of the property that you are pledging

For Self-Employed Applicants:

• Proof of Identity & Address: Same as salaried

• Mandatory Documents: PAN Card/Form 60

• Proof of Business Ownership: Partnership agreement, registration certificate

• Proof of Income: Latest salary slips, bank statement (3 months), Income Tax Returns

• Property Documents: Copy of documents of the property that you are pledging

You can get various types of loans against property with Bajaj Housing Finance. Here are a few options:

• Loan Against Residential/Commercial Property

This is a standard Loan Against Property facility with a maximum tenure of up to 17 years. It can be used to meet any financial obligation.

• Loan Against Property for Self-employed

This facility is available to self-employed individuals aged between 23 and 70 years.

• Loan Against Property for Salaried Employees

This loan is designed for salaried individuals employed with public sector undertakings, private companies, or multinational corporations. It can be used to finance wedding expenses, travel, medical costs, housing needs, and more.

• Loan Against Property for Home Renovation

This loan helps cover the cost of home improvements. It can fund projects such as installing false ceilings or undertaking a full kitchen remodel.

• Loan Against Property for Debt Consolidation

This facility allows borrowers to combine multiple existing loans into one. It offers lower interest rates compared to current debts and helps reduce the EMI burden by offering longer repayment tenures than the remaining terms of existing loans.

• Loan Against Property Balance Transfer

This option allows existing LAP borrowers to transfer their loans to Bajaj Housing from another lender at a lower interest rate.