Bajaj Finserv Loan Against Property

A loan against property from Bajaj Finserv enables you to do it all. Bajaj Finserv offers customized property loans to salaried and self-employed individuals. Financing your child's education, managing your wedding expenses, expanding your business, or even handling unforeseen medical expenses.

Apply for Loan Against Property(LAP)

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Bajaj Finserv LAP

  • Interest Rate

    9.85% - 18%

  • Loan Amount

    Up to ₹5Cr

  • EMI Per Lakh

    ₹2,117 - ₹2,539

  • Processing Fees

    Up to 3.54%
  • Pre-Payment Charges


Features and Benefits of Bajaj Finserv Loan Against Property

Bajaj Finserv offers a secured loan against property to meet financial needs. You can avail high-value loans with economical interest rates and repay over a customized tenure.

  • The NBFC offers affordable and nominal interest rates starting from 8.25% p.a.
  • Provides high loan amounts, ranging up to INR 5 crores.
  • Allows you to access your loan details anytime through their customer portal.
  • Quick and minimal documentation and processing are available.
  • You can avail of reduced EMI during favourable market conditions if you opt for Bajaj Finserv Loan Against Property linked to an external benchmark.
  • You can transfer your existing loan over to Bajaj Finserv and avail a top-up on your loan.

Bajaj Finserv Loan Against Property: Fees and Charges

Processing Fee Upto 6%
Property Loan statement Charges NIL
Interest and Principal statement charges NIL
EMI bounce charges Upto INR 3,000
Penal Interest Upto 2% PM
Mortgage origination fee (one time fee) Upto INR 4,999

Foreclosure and Part-Prepayment Charges

Foreclosure of a loan is the full repayment of the outstanding loan amount in one go instead of repaying in multiple EMIs. Bajaj Finserv charges a nominal rate of interest (fixed/floating) on the principal amount if you opt for a LAP foreclosure. 

If you have surplus money, you can also opt for part-prepayment as well wherein you can choose to repay a portion of the outstanding loan and reduce your EMI and loan tenure.

Floating Rate of Interest for LAP Foreclosure

Floating interest rates are variable over the tenure of the loan. It fluctuates according to the benchmark rates set by the Reserve Bank of India. Bajaj Finserv offers floating interest rates for LAP foreclosures. You can avail floating interest rates for LAP foreclosure if you are an individual borrower and wish to pay within a month. Contact their customer service to retrieve their LAP foreclosure and/or prepayment floating interest rates.

Fixed-Rate of Interest for LAP Foreclosure

A fixed interest rate is constant throughout the loan tenure. All borrowers can avail of a fixed interest rate for a LAP foreclosure at Bajaj Finserv if they wish to make the payment within a month. Apart from the prepayment charges, applicable GSTs will have to be paid by the borrower at the time of LAP foreclosure.  

Type of Loan Foreclosure Charges Pre-Payment Charges
Term Loan 4% on the outstanding principal 2% on the part payment amount
Flexi-Loan 4% on the remaining flexi loan limit NIL
Flexi Hybrid Loan
  • 4% on sanctioned amount of flexi interest
  • 4% on the available flexi loan limit

Bajaj Finserv Loan Against Property Interest Rates

Bajaj Finserv Loan Against Property offers customized interest rates for salaried and self-employed individuals.

Salaried Individuals 8.25% to 15%
Self-employed Individuals 8.50% to 18%

Factors Affecting Bajaj Finserv Loan Against Property Interest Rates

Since a loan against property is a high-value product, the interest rates on such loans are usually economical in nature. However, they vary depending on how borrowers meet certain criteria as listed below.

Credit Score

A credit score is a measure of a person's creditworthiness. It is based on the individual's repayment history and existing debts. A credit score is a primary factor that affects loans against property interest rates. Maintaining a credit score above 750 will help you secure loans at better interest rates.

Financial Standing

The financial history of the borrower is assessed by lenders before determining the interest rates. A salaried employee with a stable income at a reputed organization or a self-employed professional (like a Chartered Account or a Doctor) can secure a lower interest rate. With a high income and low income-debt ratio, you can avail LAP against affordable interest rates.

Loan Tenure

A loan tenure refers to the repayment period of the loan borrowed. It determines the interest rates charged by financial institutions. A loan against property is a long-term loan because of which its interest rates are usually low. Lenders charge a higher interest rate when borrowers opt for a shorter loan tenure.

Mortgaged Property

Lending institutions evaluate the location, age, condition and current market value of the property before determining the LAP interest rate. Compared to commercial properties, residential properties can fetch lower interest rates. Similarly, a property in a prime location with all modern amenities can attract a lower interest rate than a property in poor condition.

Types of Bajaj Finserv Loan Against Property

The Bajaj Finserv Loan Against Property is categorized on the basis of the property type taken as security, borrowers (salaried/self-employed) and purpose, among others.    

Loan Against Residential/Commercial Property

It is a secured loan wherein the borrower mortgages their residential or commercial property to use the funds for any financial obligation. The present market value of the property determines the loan amount.

Loan Against Property for Self-Employed

Bajaj Finserv Loan Against Property offers loans of up to INR 5 crores to self-employed individuals. Applicants must meet the eligibility requirements specified by Bajaj Finserv.

Loan Against Property for Salaried Employees

Salaried employees can borrow up to INR 5 crores against their property with Bajaj Finserv. An applicant must meet the eligibility criteria set by Bajaj Finserv to secure a loan.

Loan Against Property for Home Renovation

Bajaj Finserv Loan Against Property for home renovation provides the financial assistance to renovate your home with all modern facilities. This secured loan allows you to revamp your house and give it a new look.

Loan Against Property for Education

A loan against property for education is specifically tailored for students who plan to pursue higher education. In addition to your tuition fees, the loan covers accommodation fees, food and travel expenses, which you can repay in tenure of 18 years.

Loan Against Property for Wedding

With Bajaj Finserv, you can opt for a secured loan for your wedding and cover all your expenses cost-effectively. The flexible tenure allows you to repay your loan in 18 years.

Loan Against Property for Debt-Consolidation

Bajaj Finserv Loan Against Property allows the borrowers to consolidate multiple debts and save on EMIs. By meeting the eligibility criteria, you can avail a secured loan for debt consolidation at a competitive interest rate and flexible tenure.

Loan Against Property for Balance Transfer

The LAP balance transfer feature at Bajaj Finserv allows you to transfer your existing loan against property to the NBFC hassle-free. With Bajaj Finserv Loan Against Property for a balance transfer, you can get affordable interest rates, top-up and quick processing.

Lease Rental Discounting

Lease Rental Discounting is a term loan that allows the borrower to avail of a loan against rentals. An individual can opt for LRD if they own a property that gives them a fixed rental income at regular intervals. Bajaj Finserv Lease Rental Discounting provides you with high-value financing and quick disbursal.

Loan Against Property for Chartered Accountants

Bajaj Finserv provides customised LAP for chartered accountants. By availing of this loan, Bajaj Finserv finances your expenses for opening a new branch, purchase of new premises or renovating an existing office.

Loan Against Property for Doctors

Bajaj Finserv offers tailor-made secured loans for doctors. The loan can be used to purchase and install new medical instruments or renovate your clinic.

Documents Required for Bajaj Finserv Loan Against Property

Salaried Individuals
  • Identity proof
  • Address proof
  • Pan card/Form 60
  • Latest salary slips
  • Last 3 months’ bank account statement
  • IT returns
  • Title documents
  • Documents of the mortgaged property
  • Passport sized photograph
Self-Employed Individuals
  • Address proof
  • Identity proof
  • Pan card/Form 60
  • 6 months’ bank account statements
  • Income documents: IT returns/financial statements
  • Title documents
  • Documents of the mortgaged property
  • Passport sized photograph

Note: If you are applying with a co-applicant, the identity proof and address proof of the co-applicant have to be submitted along with the other documents mentioned above.

Bajaj Finserv Loan Against Property EMI Calculator

A loan against property is a long term loan, so it is critical to organise the budget before applying for it. Bajaj Finserv Loan Against Property EMI calculator is a tool that computes estimated monthly instalments, interest payable and the total cost of the loan. The online calculator helps you to arrive at an EMI that suits your repayment capacity, enabling you to plan your finances beforehand. 

You can also calculate the EMI manually through a mathematical formula, 

EMI = [P*R (1+R) *N] / [(1+R) N-1] 


P= Principal Amount

R= Interest Rate

N= Repayment Tenure

Bajaj Finserv Customer Care Contact

Customer Care Number +91 8698010101
Toll Free Number 1800-103-3535
Email ID


From refinancing to reducing your interest, we have the answers right here.

Does Bajaj Finserv provide a fixed rate of interest on a loan against property?

Yes, Bajaj Finserv offers both fixed and floating rates of interest on loans against property.

Does Bajaj Finserv check the CIBIL score for loans against the property?

Yes, Bajaj Finserv checks the CIBIL score of the applicant. The score determines the creditworthiness and repayment ability of the applicant for the bank. You should maintain a CIBIL score above 750 to avail the best offers.

What is the maximum loan against the property amount I can get from Bajaj Finserv?

With Bajaj Finserv Loan Against Property, you can avail yourself of a maximum LAP amount of up to INR 5 crores.

Do I have to pay a processing fee to avail of Loan Against Property from Bajaj Finserv?

Yes, Bajaj Finserv levies a processing fee of up to 6% on the principal amount.

Does Bajaj Finserv provide a loan against property at the best rate?

Yes, Bajaj Finserv offers Loan Against Property for competitive and affordable interest rates, starting from 8.25%.

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