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Whatever your need be, broadening your business horizons, taking care of your child's education expenses or even wedding, with a Loan Against Property available on Finserv MARKTES, fulfill all your requirements today. A Loan Against Property (LAP) serves as a financial aid, when you want to fulfill any requiremnet of yours. At Finserv MARKETS, you can avail a loan against property of up to Rs. 1 crore at attractive interest rates, with flexible repayment options.

Our Partner

  • Bajaj Housing Finance Limited

    Bajaj Housing Finance Limited is renowned for offering long term financing through Home Loan, Home Loan Balance Transfer, Loan Against Property, Loan Against Property Balance Transfer.

Features and Benefits of Loan Against Property

  • Hassle-free Online Process

    You can apply for Loan against Property through 100% online process.

  • Flexible Tenure

    Choose a repayment tenure that goes up till 360 months. The choice is all yours.

  • Part-payment Facility

    You can part-pay your Loan against Property with minimal fee.

  • Balance Transfer Facility

    You can avail a balance transfer facility or top-up loan at Finserv MARKETS with minimal documentation.

Why choose Finserv MARKETS for Loan Against Property?

Abundance of Choice

Finserv MARKETS helps you choose from a diverse range of secured lending products. You also get to compare various loan offers by the best of the lending partners. So, you are indeed spoilt for choice!

Fast Online Process

There's no tedious paperwork involved. Your application is approved within minutes and you can get the loan in no time.

Trusted Companion

We are proud to deliver on our promise to more than 100 million customers. Our reliable interface helps the lending partners reach out to people all across India and provides the best lending experience.

How to Apply for Loan Against Property on Finserv MARKETS?

Want a Bajaj Finance Loan Against Property? Follow the 5 simple steps below and hit that Apply button

  • Enter Personal Details

    Fill in your personal and employment details.

  • Estimate Borrowing Power

    Find out the loan amount you could possibly avail.

  • Mention Requirement & Property Details

    Fill your required loan amount & details of property.

  • Unlock Final Eligibility

    You will get to know your final loan eligibility amount.

  • Verification & Disbursement

    Get the money in your account post verification.

Eligibility & Documents Required for Loan Against Property

Eligibility Criteria
  • Salaried individuals between the age of 23 to 70 years can apply for a Loan against Property.
  • You should be a employee in an MNC, a private company or the public sector or self-employed individual.
  • You should be a resident of India residing or owning a property in the following cities: Delhi, Gurugram, Faridabad, Greater Noida, Noida, Ghaziabad, Mumbai, Thane, Navi Mumbai, Bangalore, Pune, Hyderabad, Chennai, Ahmedabad, Kolkata, Jaipur, Chandigarh, Coimbatore, Nagpur, Surat, Cochin, Baroda, Indore, Vizag, Nasik, Aurangabad, and Lucknow.
Documents Required
  • Latest Salary Slips as income proof
  • Last 3 months bank account statements
  • PAN Card/Aadhaar Card
  • Address Proof
  • Copy of the documents of the property to be mortgaged
  • IT Returns
*Don't worry if you are asked to upload additional documents, we are just creating the best Bajaj Finserv pre-approved loan for you!

Check our entire list of interest rates & charges for Loan Against Property for Loan Against Property

How do you Calculate the EMI for Loan Against Property

Calculating your EMI in advance with our EMI calculator helps you manage your repayments better. The longer the loan tenure the lesser the monthly EMI you will have to pay and shorter the loan tenure the higher the monthly EMI you will have to pay.

You can calculate the amount of monthly instalments with the help of our loan against property EMI calculator. All you need to do is enter the desired loan amount, the pre-determined rate of interest and the loan tenure.

What is the Eligibility Criteria for Availing a Bajaj Finserv Loan? 

The eligibility criteria depends on your place of residence, age and your place of work.

You can check the detailed loan against property eligibility criteria for an in depth look into the same.

Frequently Asked Questions on Loan Against Property

  • ✔️What are the end uses of a Loan Against Property?

    You can use a Loan Against Property to fulfil all your financial obligations. If you are a salaried individual, you can use your loan for the following purposes:

    1. Mortgage buyout/Balance Transfer of existing loan
    2. Consolidation of debt
    3. Managing wedding expenses
    4. New investments
    5. Financing education.
  • ✔️How is my eligibility for a Loan Against Property calculated?

    The eligibility of a Loan Against Property is calculated by taking the following parameters in to account:

    1. Age
    2. Income
    3. Property value
    4. Existing obligations, if any
    5. Stability/Continuity of employment/Business
    6. Past borrowing track record.
  • ✔️Do I need insurance for the property for which I want to avail a Loan Against Property?

    Yes, your property needs to be insured for fire and other calamities during the tenor of your loan. You will have to provide proof of insurance with us every year or whenever required.
  • ✔️Can I avail a loan against property without income proof or ITR?

    No, income proof and ITR, both are mandatory documents that need to be furnished by a salaried individual to avail of a LAP.
  • ✔️What criteria does my property need to fulfill for me to avail of a loan?

    You need to ensure that the title of the property is clear, free of any litigation, and should not have an existing mortgage or loan.
  • ✔️Can I avail a Loan Against Property for a property that is owned by my relatives and me?

    Yes, you can. All the co-owners of the property will be considered as co-applicants of the loan.
  • ✔️How will my Equated Monthly Installments (EMIs) be calculated?

    Your EMI consists of two parts—paying back the principal amount you borrowed, plus the interest rates charged ‘on’ it. Three factors come into the equation—how much you borrowed, the rate of interest, and the loan tenure. There are ways to bring your EMI down: for one, it drops automatically if there is a decrease in interest rates, or if you pay back more than you need to (called a ‘partial prepayment’).
  • ✔️How can I increase the amount of EMI I pay during the tenor of my loan?

    You can easily increase the amount you pay in EMIs by visiting our Customer Portal.
  • ✔️What is an amortization schedule?

    An amortization schedule is a table giving the reduction of your loan amount by monthly instalments. The amortization schedule gives the break-up of every EMI towards repayment of interest and the outstanding principal of your loan.
  • ✔️What is negative amortization?

    When interest rates go up, the interest component of an EMI also goes up. The EMI is kept constant but will result in a lower principal component. If the rates move up continuously, then there might be a situation where the interest Component becomes more than the EMI. In such a situation, principal component (EMI minus interest component) gives a negative figure. Consequently, the outstanding balance, instead of being reduced from the opening principal with the principal component, gets increased with the negative principal component. This is commonly referred to as negative amortization. A loan where the amortization is negative does not get repaid, since the regular payments are insufficient to cover the interest component. The unpaid interest gets added to the principal and makes it grow. The situation gets reversed only when interest rates start falling. In this situation, the customer has to part-prepay the loan amount, increase the EMI of the loan, or do both.
  • ✔️How does any rate change impact the loan amortization schedule?

    In case of a loan with a floating interest, the interest component is subject to change. When the rates change, one of the following two changes can be done to a loan:

    1. The term of the Loan is extended (when rates go up) or contracted (when rates go down).
    2. The EMI amount is reset (increased in case rates go up & reduced in case rates come down).

    As a practice, the term of the loan is extended since the customer might have given post-date cheques and it would be difficult to replace them on every rate change. However, in case of under construction properties, the Pre-EMI amount is increased by default. You can choose any of the above options according to your convenience. The default option is to change the EMI to match the balance tenure of a loan.

  • ✔️What is proactive downward repricing?

    The pricing increase happens only in the scenario of an increase in the Cost of Funds. Pro-active repricing policy is being put in place as a proactive measure to ensure that there is no inordinate increase in your loan pricing against new acquisitions and there is always parity for your loan.
  • ✔️Do you proactively do downward repricing?

    As a goodwill gesture and to maintain transparency with our valued existing customers, we ensure, through our pro-active downward re-pricing strategy, that none of our existing customers are more than 100 bps over and above the last 3 months average sourcing rate. If a customer is higher than 100 bps from our last 3 months average sourcing rate, we carry out downward re-pricing of the rate of interest for all such customers to bring them to max 100 bps above the last 3 months average sourcing rate. This is a bi-annual exercise. This is yet another Industry first for any NBFC in the country.
  • ✔️What are the types of properties for which I can avail a Loan Against Property?

    You can avail a Loan Against Property for the following:

    1. Self-Occupied Residential
    2. Rented Residential / Commercial
    3. Vacant Residential / Commercial
    4. Shared Property.

    You can not avail a Loan Against Property for the following:

    1. Plot
    2. Property outside city/municipality limit
    3. Property with tenants for more than 5 years (with no renewed rent agreement)
    4. Property with structural flaws that requires substantial repairs
    5. Property constructed on agricultural land/farm land
    6. Illegal properties
    7. Property already mortgaged with other banks
    8. Residential property used for commercial purposes without approval from competent authority
    9. Under construction property except NRP transaction
    10. Industrial property
    11. Schools or hostels
    12. Hotel.
  • ✔️What is the TAT (Turn Around Time) for Foreclosure Statement?

    The TAT for issuance foreclosure statement is typically 7 working days.

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Loan Against Property Reviews

Loan Against Property Reviews

4.3out of 5

3 reviews

Business Expansion Possible with Loan on Finserv MARKETS

I wanted to expand my business and needed capital for the same. That’s when I thought of availing Loan Against Property. The application process was easy, and I received the loan amount within a short period. Thanks to Finserv MARKETS, I was able to expand my business without worrying about the finances.

Took Loan Against My Property to Fund Son's Education

I availed a Loan Against Property to fund my children’s higher education. The loan was disbursed in very short span of time and the interest rate offered was quite attractive. Also, I can easily keep a track of my EMIs through an online portal.

Good ROI for Loan Taken Against Property

Never knew that the Loan Against Property would prove to be so helpful. The application process was simple and the rate of interest was quite competitive. I was able to fund for my daughter's wedding.