✓ Loan Against Property Balance Transfer Facility ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.99%

There may be instances wherein you have high Loan Against Property (LAP) interest rates on your loan. There may be several reasons for this, but there are ways to lower these rates. One way to go about this is to avail the Loan Against Property Balance Transfer facility. 

Using this option, you can transfer the outstanding amount of your existing loan to a lender that offers better LAP loan interest rates. This transfer can help you save money and reduce your EMI outflow. 

To understand more about the loan against property balance transfer, read on.

Loan Against Property Balance Transfer Details

Here are a few features of the Loan Against Property Balance Transfer facility



Loan amount offered

Up to ₹15 Crores

Interest rate

Starting at 8.99%


Up to 30 years

Processing fee

Starting at 0.40% of the sanction


Compare and Apply for LAP Balance Transfer Online

Compare the Loan Against Property balance transfer facility offered by the top lending partners at Bajaj Markets and choose a lender as per your requirements.

Our Partners

Minimum Interest Rate

Loan Amount/Tenure

Bajaj Housing Finance Limited

10.20% p.a.

  • Max Loan Amount - ₹3 Cr

  • Max Loan Tenure - 20 Years

PNB Housing Finance Limited

8.99% p.a.

  • Max Loan Amount - ₹15 Crores

  • Max Loan Tenure - 25 Years


10.85% p.a.

  • Max Loan Amount - ₹5 Crores

  • Max Loan Tenure - 15 Years

LIC Housing Finance

9.45% p.a.

  • Max Loan Amount - ₹15 Crores

  • Max Loan Tenure - 15 Years

Shubham Housing Finance

13.90% p.a.

  • Max Loan Amount - ₹20 Lakhs

  • Max Loan Tenure - 15 Years

Shriram Housing Finance

12.50% p.a.

  • Max Loan Amount - ₹10 Crores

  • Max Loan Tenure - 25 Years


Disclaimer: The Loan Against Property interest rates and associated charges can vary from one lending partner to the other and are subject to policy changes of the partner.

Loan Against Property Balance Transfer Fees and Charges

The Loan Against Property EMI calculator helps compute your monthly instalments, you must consider the other charges and additional fees you may have to pay. Note that the fees and other charges may vary from one lender to another. 

However, there are lenders allowing you to foreclose or initiate a part-prepayment of your loan with zero penalties and charges. Others may charge up to 0.50% of your outstanding loan amount to be transferred. This way, charges for balance transfer vary across lenders. 

Loan Against Property Balance Transfer Eligibility Criteria

  • Individuals between 23 and 70 years can apply for a loan against property

  • You must be an employee in an MNC, a private company, the public sector, or self-employed.

  • You should be a resident of India residing or owning a property in a city recognised by the lender.

Note that a few lenders also insist on an age bracket of 28-58 years. 

Documents Required for LAP Balance Transfer

  • Latest Salary Slips

  • Last 3 months’ bank account statements

  • PAN Card and Aadhaar Card

  • Address Proof

  • Copy of the documents of the property to be mortgaged

  • IT Returns

How to Apply for a Loan Against Property Balance Transfer?

You can apply for a Loan Against Property Balance Transfer in just a few easy steps: 

  • Step 1: Enter your details loan details into the Bajaj Markets loan calculator

  • Step 2: Determine the loan amount you are eligible for and click on ‘APPLY NOW’

  • Step 3: Fill the easy online form with your personal and income details

  • Step 4: Unlock your final eligibility amount

  • Step 5: Get the money credited to your bank account after the due verification

Features and Benefits of LAP Balance Transfer

This facility has many benefits, thanks to the numerous features made available by leading lenders. Here are a few worth noting. 

  • Top up 

You can avail additional credit anytime through any of our lending partners. This kind of credit can be as high as ₹3 Crores. However, this depends on your eligibility.

  • Affordable interest rates 

Lending partners of Bajaj Markets provide competitive Loan Against Property interest rates in the market. This helps reduce your financial burden all through.

  • Flexible repayment options 

You can repay such loans at any given time if you have surplus cash for zero foreclosing charges. You can also choose to repay only the interest component of the same at the start of the tenure. 

  • Long repayment tenures

You can also pay off such loans by choosing a long tenure of up to 30 years. However, note that the maximum available repayment tenures for such loans can vary from lender to lender.

  • Track the loan easily 

You can avail every single detail of your loan through the portal, such as the repayment schedule and interest certificate.

Transferring your outstanding Loan Against your Property balance to some other lender can help you save money in interest payments. Analyse the Loan Against Property Balance Transfer options available at Bajaj Markets.

As a user, you can avail benefits such as long loan repayment tenures, competitive interest rates and easy top-ups. Apply now for Loan Against Property Balance Transfer!

Loan Against Property Balance Transfer FAQS

✔️Do I need to pay any additional charges for Loan Against the Property balance transfer?

The fees and charges for this facility vary across lenders. So, before opting for the facility, it is ideal to check with the specific lender.

✔️Who is eligible to avail a balance transfer loan?

Anyone who has completed at least 12 EMIs of their existing loan can opt for this facility.

✔️Are there any tax benefits on Loan Against the Property balance transfer?

You can enjoy tax benefits as per Section 24B if you apply for an additional top-up option along with the balance transfer facility.

✔️What is the applicable age bracket for self-employed and salaried professionals to avail balance transfer loans?

You must be between 25 and 65 years if you are self-employed and 21 and 58 years in the case of salaried individuals. However, the minimum age criteria vary depending on the lender. 


For example, some lenders may fix 23 years as the minimum entry age while others may insist on 25 years to avail this facility.