✓ Loan Against Property from ₹2 Lakhs to ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 9.24% Apply Now

Loan Against Property Details

Check out the details of the loan against property options available on Bajaj Markets:

Loan Amount

Up to ₹15 Crores

Interest rate

9.24% per annum onwards

Repayment tenure

Up to 25 years (300 months)

Processing Fee

Between 0.35% and 3% + taxes

Foreclosure charges

Up to 4% of the outstanding loan amount + taxes

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

Compare and Apply - Loan Against Property Partners

Compare Loan Against Property offerings by top lending partners at Bajaj Markets and choose as per your requirement.

Our Partners

Minimum Interest Rate

Loan Amount/Tenure

Bajaj Housing Finance Limited

10.10% p.a.

  • Max Loan Amount - ₹1 Cr
  • Max Loan Tenure - 20 Years

PNB Housing Finance Limited

9.24% p.a.

  • Max Loan Amount - ₹15 Cr
  • Max Loan Tenure - 25 Years


14.00% p.a.

  • Max Loan Amount - ₹40 Lakhs
  • Max Loan Tenure - 20 Years


10.60% p.a.

  • Max Loan Amount - ₹5 Cr
  • Max Loan Tenure - 15 Years

LIC Housing Finance

9.45% p.a.

  • Max Loan Amount - ₹15 Cr
  • 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

14.75% p.a.

  • Max Loan Amount - ₹10 Cr
  • Max Loan Tenure - 25 Years

Disclaimer: The values mentioned are applicable as of January 2023. The interest rates and associated charges can vary for each lending partner and are subject to change.

Calculate Your Loan Against Property EMI

Loan Amount
  • Months
  • Years
Rate of Interest

Monthly EMI

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest Amount

Digital advancements have made it easier and more convenient to get a loan and understand how it affects your finances. Tools like the digital calculator, commonly known as a Loan Against Property EMI calculator, are popular examples.


This online loan against property calculator provides estimates of your EMIs based on your loan terms. With it, you can tweak the loan’s terms until you find suitable values. 


This calculator not only helps you choose the right monthly instalment, but also select the ideal loan amount and tenure. Best of all, this calculator is easy to use, and you only need an internet browser to proceed.

Year Principal Interest Balance

Loan Against Property Features and Benefits

High Loan-To-Value Ratio with an Ample Loan Amount

With the LTV ratio going up to 75% of the total property value, you can avail financing of up to ₹15 Crores.

Flexible repayment tenure

The repayment period goes up to 25 years, allowing you to clear off the outstanding amount without overburdening your finances.

Attractive interest rates

The LAP interest rate starts at 9.24% p.a., enabling you to get budget-friendly financing.


Simple eligibility criteria

The easy-to-meet eligibility criteria allow you to access funds with ease, even during unexpected financial emergencies.

Quick, easy, and convenient digital application

The end-to-end digital application minimises the hassles of physical visits to lenders, helping you get financing from the convenience of your home.

Tax benefits

Get tax deductions of up to ₹2 Lakhs u/s 24(B) on interest payments. This is applicable provided that you are a salaried borrower who treats it like a home loan. This means you use the funding to purchase a new house.

Disclaimer: Terms and conditions apply to the above-mentioned benefits, and these may vary based on the lender.

Eligibility Criteria for a Loan Against Property

Meeting the eligibility terms set by the lender increases your chances of fast approval and swift financing. As such, you should check the loan against property eligibility criteria set by the lenders before applying. Here are the common eligibility requirements:

  • Age (at the time of application and on completing repayment):

Lenders require you to be at least 21 years old while applying for a loan against property. Additionally, you should not be more than 70 years when the tenure ends.

  • Income for a salaried applicant

As a salaried applicant, you need a stable monthly income to prove that you can handle EMI payments. Lenders generally require you to have a monthly income of at least ₹30,000.

  • Income for self-employed applicants

For self-employed applicants, lenders consider both the business establishment and monthly income to check eligibility. Self-employed applicants need to have businesses with a stable income and the necessary vintage.


The above eligibility criteria are general requirements and can vary depending on the lender.


Documents Required for a Loan Against Property

Knowing the document requirements beforehand allows you to furnish them promptly and avoid delays with loan processing. Here are a few general documents you need to submit to get a loan against property:

1. A salaried employee must submit the following documents:

  • Identity Proof

    1. PAN card

    2. Aadhaar card

    3. Voter’s ID

    4. Passport

    5. Any other credential issued by the Government of India

  • Address Proof

    1. Voter’s ID

    2. Aadhaar card

    3. Passport

    4. Utility bill

    5. Ration card

    6. Any other accepted address proof issued by the government

  • Latest salary slips for the last 3 months

  • Bank account statements for the last 3 months

  • Latest Income Tax Returns (ITR), Form 16

  • Property documents

2. A self-employed individual, on the other hand, will need to furnish the following documents:

  • Voter’s ID, Aadhaar card, passport, or any other government-issued ID that can count as proof of identity

  • Utility bill, Voter’s ID, Aadhaar card, passport, or any other government-issued address proof

  • Bank account statements for the previous 6 months

  • Property documents

  • ITR filed by the company and audited financials

Check with the lender to know the exact documents required for your application for smooth processing.

Read More

How to Apply for a Loan Against Property on Bajaj Markets?

Applying for a LAP loan is fairly straightforward and simple. Once you have been through all of the loan details and assessed every other aspect, you must follow the steps mentioned below to apply for a LAP loan.

  • Share Your Details

    Fill in your personal and employment information.

  • OTP Verification

    Enter the OTP received on your registered number.

  • Check Your Offers

    Browse through a list of suitable lenders.

  • Enter Your Terms

    Select the desired loan amount and tenure.

  • Apply Now

    Choose the preferred lender and apply.

What to do if your Loan Against Property application is rejected?

The first course of action is to understand the reason for the rejection. Knowing why the lender rejected your application can help you gauge what you need to do to get the required funding

Here are some common reasons why a lender may reject a loan against property application:

  • Lack of a stable income due to frequent job changes

  • Inadequate CIBIL score

  • Discrepancies in the paperwork

  • The property is built by an unapproved builder

  • Old property or negative results from the field inspection


Once you know why the lender has rejected the application, there are a few things you can do: 

  • Negotiate with the lender

  • Work on your creditworthiness

  • Address property-related issues

Read More
FAQs on Loan Against Property

You can get the loan by offering a residential, commercial or industrial property as collateral. Usually, the LAP loan interest rate is lower when you use a residential property as collateral.

The funding from a LAP has no defined end-use restrictions. It is essentially a high-value loan that you are free to use as you want.

The loan against property eligibility depends on your CIBIL score, monthly salary or income, property value, and debt-to-income ratio at the time of applying. You can use a loan against property eligibility calculator to know how much you can borrow and apply accordingly.

Yes, it is possible to get this loan without income proof or income tax returns (ITR). However, you will need to furnish bank account statements for the last six months and pay the applicable processing fee via a cheque. Remember that this depends on the lender you choose.

No, a borrower looking to secure a LAP loan does not have to pay an application fee. However, other charges, such as processing fees and penalties, will be applicable.

Yes, it is possible to apply for a LAP loan on a jointly owned property as collateral. In fact, some financial institutions recommend the same, and it increases your chances of approval.

You can get the loan for any purpose, such as debt consolidation, renovation or even buying a home. A loan against property comes with no restrictions, allowing you to use the loan amount as you want.

Yes, as a non-resident citizen, you can get a loan by mortgaging your property. However, this depends on the lender. So, check the terms and conditions applicable for NRIs before opting for a LAP.

The credit score requirement for any credit instrument depends on the lender. However, a score of 750 and above is considered to be ideal for securing attractive interest rates on loans against property.

The foreclosure charges on your loan depend on the terms set by the lender. Generally, lenders levy a certain percentage of the outstanding amount as a foreclosure fee, and the percentage depends on the time when you are foreclosing your account. 

However, as per RBI rules, a lender cannot levy any foreclosure charges if the loan has a floating interest rate. Remember, this is only applicable if you do not use the funding for business expansion.

Loan Against Property Glossary

  • Mortgage: This refers to the act of pledging your asset as a security/collateral to avail financing. In a loan against property, the property is mortgaged with the lender to avail the loan.

  • LTV: Short for loan-to-value, this ratio is the amount you receive as a loan against the total value of the asset. For example, say the value of your property is ₹2 Crores and the lender offers financing of ₹1.40 Crores. This is 70% of the property value, so the LTV is 70%.

  • Offer letter: This is a letter of confirmation that the lender provides after approving your application. Also known as a sanction letter, it contains the details of the loan, including the approved amount, interest rate and repayment tenure.

  • Property title: This refers to the legal documentation stating details pertaining to ownership of the property. If the property you are mortgaging has multiple owners, you must acquire NOC (No Objection Certificate) from the other owners.

  • Disbursement: This is the process wherein the lender transfers the sanctioned loan amount to your account. The initial disbursement can either be full or partial, depending on the terms mentioned in the offer/sanction letter.
Download App
Credit Score