BAJAJ FINSERV DIRECT LIMITED
✓ Loan Against Property from ₹2 Lakhs to ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.99%

Bajaj Housing Finance Loan Against Property

Fund all your planned and unforeseen expenses hassle-free with a Bajaj Housing Finance loan against property. 

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Starting Interest Rate

8.99% p.a.*
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Max. Loan Amount

₹5 Crores

Max. Tenure

17 Years

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 starts from 8.99% 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 17 years.

Bajaj Housing Finance Loan Against Property Interest Rates

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:

Loan Against Property Details

Interest Rate

8.99% p.a. onwards

Minimum Loan Amount

₹30 Lakhs

Maximum Loan Amount

₹5 Crores

Maximum Tenure

204 Months

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

Other Fees & Charges Related to Bajaj Housing Finance LAP

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: 

Other charges
Details

Processing Fee

1% of outstanding loan amount + GST 

Penal Charges 

Up to ₹125

Bounce Charge

Up to ₹3,000

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

Features and Benefits of a Bajaj Housing Finance Loan Against Property

Attractive Rates

Since it is a secured loan, you can get funds at competitive interest rates starting at 8.99% p.a.

Flexible Tenure

You can repay your loan comfortably across a tenure of up to 17 years

High Loan Amount

With Bajaj Housing Finance, you can get ample funding of up to ₹5 Crores

Quick Disbursal

It is ideal to meet your immediate needs as you can get the funds in your bank account quickly 

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Eligibility Criteria for a Bajaj Housing Finance Loan Against Property

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

  • You must have a CIBIL score of 725 or more

Documents Required for a Bajaj Housing Finance Loan Against Property

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

How to Apply for a Bajaj Housing Finance Loan Against Property

Here is how you can apply for a loan against property from Bajaj Housing Finance on Bajaj Markets:

  1. Click on 'Apply Now'

  2. Fill in your personal details to check your offer

  3. Select 'Bajaj Housing Finance Limited' from the list of partners and proceed

  4. Determine the loan amount

  5. Fill in the required loan amount you need, along with the details of the property

  6. Find out your loan details along with all the charges and net disbursal amount

  7. A representative will get in touch with you for further steps once you complete this process.

Types of Bajaj Housing Finance Loan Against Property

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.

FAQs on Bajaj Housing Finance Loan Against Property

Do you need to go to a Bajaj Housing Finance Limited branch to get a loan against property?

No, you can now apply for a loan against property from home with an online process on Bajaj Markets. 

Yes, you can get a loan for a property that is under construction. You should have documents to prove your ownership.

There is no limit on the number of properties you can use as collateral.

Residential and commercial properties such as an apartment, a house, or a plot of land can be considered as collateral.

Bajaj Housing Finance offers loans of up to ₹5 Crores loan against property.

Yes, you can pre-close your Bajaj Housing Finance loan against a property account.

Bajaj Housing Finance offers a Loan Against Property with flexible repayment options, including the option for partial pre-payments. This allows you to reduce your debt when you have additional funds, helping you manage your finances more effectively.

Yes, you may need to pay late payment charges of up to ₹125, depending on the outstanding amount.

Yes, you may be eligible for a top-up on your loan against property, subject to meeting the required criteria. This can provide you with additional funds to meet your financial needs.

Yes, you may be able to get a top-up on your loan against property, depending on your repayment history and other factors.

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