Bajaj Housing Finance Loan Against Property

Apply for the Bajaj Housing Finance Loan Against Property (LAP) on Bajaj Markets and fulfill your financial needs smoothly. 

With interest rates starting at 8.99% p.a., you can borrow affordably and get a loan of up to ₹5 Crores. Benefit from flexible repayment options with a tenure of up to 18 years, making it easier to manage your finances.

Bajaj Housing Finance offers competitive interest rates on loans against property, making it a practical financing option for salaried and self-employed individuals. Here is a detailed overview:

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

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: 

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

Bajaj Housing Finance offers different types of loan against property options to suit various financial needs. Here are a few options:

• Loan Against Residential/Commercial Property

This is a standard Loan Against Property facility with flexible repayment tenures. You can use it to meet any financial obligation.

• Loan Against Property for Self-employed

You can secure this facility if you are self-employed and are aged between 23 and 70 years at the time of loan maturity. Additionally, you need to demonstrate a steady income source with a business track record of at least 3 years.

• Loan Against Property for Salaried Employees

This loan is designed for salaried individuals aged between 23 and 60 years at the time of loan maturity. You must be employed with public sector undertakings, private companies, or multinational corporations for a minimum tenure of 3 years. 

It can help finance wedding expenses, travel, medical costs, housing needs, and more.

• Loan Against Property for Home Renovation

This loan helps you 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 you to combine multiple existing loans into one. It offers lower interest rates compared to current debts. Thus, it helps reduce the EMI burden by offering longer repayment tenures than the remaining terms of existing loans.

• Loan Against Property Balance Transfer

If you are an existing LAP borrower, you can transfer your loan to Bajaj Housing from another lender at a lower interest rate.

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

After ensuring that you meet the eligibility criteria, you need to submit documents when applying for a loan against property from Bajaj Housing Finance:

For Salaried Individuals:

• 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 Individuals:

• 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

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

1. Click on the ‘Check Offer’ button available on this page

2. Fill in personal and professional details accurately

3. Select ‘Bajaj Housing Finance Limited’ from the partner list and proceed

4. Enter the desired loan amount and choose your preferred repayment tenure

5. Submit the application form and wait for a representative to get in touch for the next steps

You can track the status of your Bajaj Housing Finance Loan Against Property through the official website or mobile app. Follow these steps:

Using the Official Website

1. Click ‘Login’ on the header menu (desktop) or tap the person icon on the top-right corner (mobile)

2. Select ‘Customer’ from the dropdown menu

3. Choose ‘Track Your Application’ from the header (desktop) or via the three-line menu icon (mobile)

4. Enter your registered mobile number or Loan Account Number (LAN) along with your Date of Birth or PAN

5. Click ‘Submit’ to view your loan status

Using the Mobile App

1. Download the ‘Bajaj Housing Finance’ app from your device’s app store

2. Install and open the application

3. Tap ‘Track Your Application’

4. Enter your mobile number or Loan Account Number (LAN) and tap ‘Proceed’

5. Provide your Date of Birth or PAN, then submit to view your loan status

Alternatively, you can call 022 4529 7300 (Monday to Saturday, 9 AM to 6 PM) or email bhflwecare@bajajhousing.co.in to request an update on your application.

You can check your Bajaj Housing Finance Loan Against Property statement online in a few simple steps

1. Visit the Bajaj Housing Finance website

2. Click the ‘Login’ button in the top-right corner

3. Select ‘Customer’ and click ‘Login’ again

4. Enter your registered mobile number or email ID

5. Log in using the OTP sent to your registered mobile number or email ID, or use your Customer ID (CIF) and password

6. Click ‘Confirm’ to proceed

7. Once logged in, access your loan account details

8. Select the option to view or download your loan statement as required

Bajaj Housing Finance provides various repayment options to accommodate different financial needs

• Regular EMI Payments

Repay the loan through fixed Equated Monthly Instalments (EMIs) that include both principal and interest. This method ensures a gradual reduction of the loan balance over time.

• Part-Payment

Make a lump sum payment in addition to your regular EMIs to reduce the principal amount. This can lower the interest burden and potentially shorten the loan tenure.

• Foreclosure

Repay the entire outstanding loan amount in a single payment before the tenure ends. This option is suitable for saving on interest costs when surplus funds are available.