Lap Eligibility Calculator

Calculate Your Loan Against Property Eligibility

Monthly IncomeRs.

0Rs.5 Lakh

Monthly ObligationsRs.

0Rs.5 Lakh

Your eligible loan amount is Rs. 0

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Calculate Loan Against Property Eligibility_WC

About Loan Against Property Eligibility Calculator

The Loan Against Property Eligibility Calculator is an effective tool for aspiring loan applicants, helping them secure attractive loan terms, such as a low property loan interest rate, a sizeable loan sum and a repayment tenor in tune with their financial capacity. The calculator is intuitive and easy to navigate, letting you calculate your Loan Against Property EMI based on your primary inputs and income profiling.

Applicants should evaluate their Loan Against Property eligibility before applying for a loan to maximise their gains and savings from the credit facility. It minimises the chances of having your application overturned and serves as a way to enhance your eligibility so you can avail of more competitive loan terms and enjoy easy funding for housing, business requirements, or debt consolidation.

Steps to Use a Loan Against Property Calculator

How to Use a Loan Against Property Eligibility Calculator?

Follow these simple steps to determine your eligibility for a Loan Against Property:

  1. Select the city where your property is located
  2. Select your date of birth
  3. Enter your monthly income
  4. Enter your monthly obligations

Once you enter these details your eligible loan amount will be displayed on the screen on the right-hand side.

How Does a Loan Against Property Eligibility Calculator Work

How Does a Loan Against Property Eligibility Calculator Work?

A Loan Against Property Eligibility Calculator is an online tool that uses crucial factors such as monthly income, monthly expenses, your city and birthdate to precisely determine your eligibility for a Loan Against Property.

Benefits of Loan Against Property Eligibility Calculator_WC

Benefits of Property Loan Eligibility Calculator

The Bajaj Housing Finance Loan Against Property Eligibility Calculator is a handy tool for applicants who wish to apply for a Loan Against Property. The calculator has several features that applicants can benefit from, such as the following:

  • Accurate Calculations: Applicants no longer need to rely on manual interest rate calculations, which can get particularly tricky for financial obligations such as a property loan. The calculator helps you arrive at your potential EMI amount based on the information you provide, using the formula digitally – saving you both time and effort.
  • Instant Results: Besides providing accurate results, the Loan Against Property Eligibility Calculator also calculates your results instantly, in real time, with almost no errors. This reduces your time spent and allows you to apply for your Loan Against Property at the earliest.

*Terms and conditions apply

Disclaimer_WC LAP eligibility calc


This calculator is provided for general information purposes only and should not be considered as financial advice. The results obtained from the calculator are estimates based on your inputs and may not reflect the actual terms or conditions of any loan. Users are responsible for verifying the accuracy of the calculator. Actual loan figures may vary based on specific loan products, interest rates, individual financial circumstances, and parameters laid down by Bajaj Housing Finance Limited (‘BHFL’).

Users are advised to consult with a qualified financial advisor to obtain accurate and personalized advice regarding their specific loan needs. The use of and the results of this calculator do not guarantee approval for a loan. Sanction and disbursal loans are at the sole discretion of BHFL. The calculator does not take into account the potential fees or charges levied while availing the loan. Users should carefully review the terms and conditions of any loan agreement before making financial decisions.

By using this calculator, the Users agree that placing reliance on the aforementioned information shall always be the sole responsibility and decision of the User and the User shall assume the entire risk of any use made of this information. In no event shall BHFL or the Bajaj Group, its employees, directors or any of its agents or any other party involved in creating, producing, or delivering this Website shall be liable for any direct, indirect, punitive, incidental, special, consequential damages (including lost revenues or profits, loss of business or loss of data) or any damages whatsoever connected to the User’s reliance on the aforementioned information.

Loan against Property Eligibility Calculator FAQs

Property Loan Eligibility Calculator FAQs

Loan Against Property sanctions can go up as high as Rs.5 Crore*, with almost no end-use restrictions, allowing you to use the funds as you please for a variety of expenses including business expenses, overseas education and even wedding costs. Given the size of the sanction amount, your income has a high impact on your Loan Against Property eligibility.

To be able to repay the amount in time and schedule as planned with your lender, you must be able to establish a strong income source that is likely to continue through your repayment tenor. Lenders deem this extremely important and use income propensity to calculate the loan amount they can extend to you, depending on your repayment capacity.

Loan Against Property is an easy funding solution for borrowers who have a property to mortgage. However, lenders do have certain requirements for the property that can be used as collateral for the Loan Against Property extension. If your property meets the mark, then it boosts your eligibility for a Loan Against Property. Here are the types properties that are not eligible for a loan sanction:

  • Agricultural land or plots
  • Unoccupied land or plots
  • Properties that fall under Gram Panchayat jurisdiction
  • Properties under 600 sq.ft. in size

You can refer to the list of accepted property collaterals that most lenders extend a Loan Against Property for:

  • Residential properties
  • Commercial properties
  • Self-occupied property
  • Leased property

Besides this, lenders have their own way of evaluating properties before sanctioning the loan amount, which includes the following:

  • Appointing an independent valuer to visit the property to take stock of its physical conditions
  • The value is based then assessed against trending property prices in the relevant neighbourhoods

Enhancing your Loan Against Property eligibility is must if you would like to be able to avail of the loan with competitive terms. Here are some ways you can achieve this:

  • Focus on boosting your CIBIL score. Most lenders accept a CIBIL score of 750 and above, to extend attractive interest rates and flexible tenors. If your CIBIL score is not up to par, consider boosting your score first.
  • Free up your repayment capacity. While focusing on boosting your CIBIL score, consider repaying other dues and loans to free up your repayment bandwidth. This allows you to be eligible for a higher loan sanction, that could possibly lead to a sizeable EMI.
  • Ensure that your property is in good shape, to be able to mortgage it against competitive lending terms.

Yes. While not too many, borrowers who have taken a Loan Against Property are still eligible for select tax benefits under certain conditions, such as:

  • Tax exemption under Section 24: Salaried borrowers can avail of tax rebates on Loans Against Property is the sanction is used for buying a new residential property.
  • Tax exemption under Section 37(1): Particularly applicable for business owners, who use the Loan Against Property sanction to address business expenditure and costs. One can claim rebates on the interest component of their repayment amount and some of the ancillary fees of the loan sanction process.

*Terms and conditions apply



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