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In need of financial assistance? Need to take care of a business expansion or a wedding expenditure, or funding your child’s dream of studying abroad? Get a Loan Against Property today. With our customer portal at your disposal, you can avail Bajaj Finserv Loan Against Property online easily.

Bajaj Finserv Loan Against Property - Overview

A Bajaj Finserv Loan Against Property (LAP) helps you unlock the hidden value of your assets by providing financial assistance during an exigency or requirements. We, at Finserv MARKETS provide loan against property of up to Rs. 1 crore with affordable interest rates, flexible repayment options and quick loan disbursal.

With us, at Finserv markets, when applying for a loan against property, all you have to ensure is that the property title is clear, is not undergoing any litigation, and is free from any existing mortgage. Another factor that you need to ensure is that your property is insured against fire and other calamities during the tenure of the loan. The proof of insurance also needs to be provided to us on a yearly basis.  

Features and Benefits of Bajaj Finserv Loan Against Property

  • Hassle-free Loan Against Property Disbursal

    Applying for a Loan against Property with us is simple. With the entire process online coupled with minimal documentation, what more could one ask for?

  • Flexible Tenure

    Salaried individuals can choose a repayment tenure that ranges between 2 to 20 years. Make it a short-term or long-term Loan Against Property, the choice is yours.

  • Part-payment Facility

    You can part-pay your Loan against Property. We do charge a fee, but trust us, its minimal!

  • Balance Transfer Facility

    We provide a balance transfer facility on an existing Bajaj Finserv Loan Against Property, with easy processing & minimal documentation. Also, get a top-up loan of high value, against your existing loan.

  • Online Account Management

    With our customer portal, keep track, manage your Loan Against Property and get all related information, online!

Why Choose Finserv MARKETS for Bajaj Finserv Loan Against Property?

Fast Online Process

Apply for a Loan Against Property online, get approval in 3 minutes and money in your account in 24 hours.

Minimal Documentation

Choose a Loan Against Property that suits your needs and apply for the same. There’s no tedious paperwork involved.

Transparency Guaranteed

There are no hidden charges! Get all the information about your Bajaj Finserv pre-approved Loan Against Property, upfront.

Custom-made Loans

We’ve got customised Loan Against Property to suit your specific needs. Why choose anyone else?

Trusted Companion

100 million+ happy customers across India have chosen Finserv MARKETS as their trusted financial partner. It's your time now!

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 33 to 60 years can apply for a Loan against Property.
  • You should be a salaried employee in an MNC, a private company or the public sector.
  • 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!

Various Interest Rates & Charges Applicable on Bajaj Finserv Loan Against Property are as follows




Processing fees

Up to 3% of the loan amount

1% of the loan amount

Foreclosure charges

4% of outstanding loan amount + applicable taxes (fixed rate and non-individual floating rate)

4% of outstanding loan amount + applicable taxes (fixed rate & non- individual floating rate)

Convenience fees

INR 9,999

INR 9,999

Bounce charges

INR 3,000 Per bounce + applicable taxes

INR 3,000 Per bounce + applicable taxes

Penal interest

2% per month on overdue EMI + applicable taxes

2% per month on overdue EMI + applicable taxes

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.
  • ✔️What is the Bajaj Finserv lending sanctioning and disbursement process of a Loan Against Property?

    The process for disbursement is as follows:

    1. Submission of documents: You’ll have to submit a set of documents (see ‘Eligibility & Documents’ page for details) depending on your loan application documents you’ve handed in.
    2. Sanctioning of Loan: Your credit worthiness is calculated by Bajaj Finance, based on your income, age, employer or firm with whom you work, and CIBIL report. If you are self-employed, then your nature of work, bank statements, and CIBIL report, and then plans out the maximum loan amount that we can offer you. You are then issued a Loan Sanction Letter.
    3. Acceptance of Loan: If you agree with the terms and conditions of the loan, you will have to submit a signed duplicate copy of Loan Sanction Letter.
    4. Disbursement of Loan: The loan will be disbursed once all relevant papers of the property have been verified, all pertinent documents have been submitted, and the loan agreement has been executed.
  • ✔️How do I update my new mailing address, email, and phone number registered to my Loan Against Property?

    You can update your contact information by logging in to our Customer Portal. You can also visit our nearest branch along with the original and self-attested copies of your new address proof.
  • ✔️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 is Property Dossier?

    Property Dossier is another industry-first, value-added service offered by us to mortgage customers of ours. It is a customized report that guides the customer through all legal and technical aspects of owning a property in a simple and crisp manner. It also covers general property knowledge tips as well as all macro factors like property index of the city, important property tips, etc.
  • ✔️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.

Apply for Bajaj Finserv Loan Against Property from Finserv MARKETS in few easy steps

Loan Against Property

Be it an immediate personal or a business need, a Bajaj Finserv Loan Against Property can help you achieve your goals. What’s more? You can avail a host of other features and benefits such as quick processing, flexible tenures and hassle-free disbursal process. So why wait? Apply now and take one step closer to fulfilling your needs!

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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 Bajaj Finserv 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 Bajaj Finserv 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.