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Loan Against Property: Overview


A Loan Against Property (LAP) is a secured loan through which borrowers can avail of funds by keeping a residential or a commercial property they own as collateral. With a Loan Against Property, you can avail of a sizeable sanction, and repay the sum over a tenor of up to 17 years with a low-interest rate starting at 9.75%*p.a. for self-employed applicants. Enjoy hassle-free processing with minimal documentation and doorstep-pick-up service, and receive the funds in your account in as few as 72 hours* from document submission.

Bajaj Housing Finance offers Loans Against Property that can help you fund numerous expenses, such as business expansion, setting up a start-up, meeting working capital needs or debt consolidation.

Features and Benefits

Features and Benefits of a Loan Against Property

Attractive Interest Rates

Bajaj Housing Finance offers competitive Loan Against Property interest rates for salaried, professional and self-employed individuals.

Loan Amount of Rs.5 Cr*

Benefit from sizeable funding as high as Rs.5 Cr* or more, basis eligibility. The final loan amount depends on your profile and the property being mortgaged.

Quick Disbursal in 72 hours*

A Loan Against Property is the ideal solution for urgent financial needs such as business expansion or debt consolidation. Apply today and receive the funds in just 72 hours* from when you submit the documents.

End-Use Flexibility

The loan sum can be used for a variety of funding requirements, such as debt consolidation or even business expansion expenses.

Tenor of up to 17 Years

Enjoy comfortable repayment with the option to choose a tenor of up to 17 years.

Interest Rates

Interest Rates on a Loan Against Property

​Get a Loan Against Property from Bajaj Housing Finance at low interest rates starting as low as 9.75%* p.a. for self-employed applicants. To know more about the interest rates in detail, click here.

Lap Loan Emi Calculator

Calculate Your Loan Against Property EMI

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Rs.20 LakhRs. 15 Cr


12 Months216 Months

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Eligibility Criteria for a Loan Against Property

Individuals must meet the minimum property loan eligibility criteria laid down by Bajaj Housing Finance to avail of the amount. Meeting all eligibility requirements will increase your chances of fast approval and hassle-free financing.

Eligibility Requirements For Salaried Applicants For Self-Employed Applicants
Employment status Must be employed with a public or a private sector company, or an MNC (minimum of 3 years of experience) Must be able to showcase steady income from an enterprise with a vintage of 5 years or more
City of residence and property ownership Delhi, Mumbai, Bengaluru, Ahmedabad, and Pune, among others. Delhi, Mumbai, Bengaluru, Ahmedabad, and Pune, among others.

Check your maximum property loan eligibility with the help of our designated online Loan Against Property Eligibility Calculator to decide on the loan amount.


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Documents Required for a Loan Against Property

With minimal paperwork, Bajaj Housing Finance keeps the list of ​documents required for a Loan Against Property short. Keep all the necessary documents required for a property loan handy before applying to enjoy streamlined loan processing and improve your chances of quick approval.

Eligibility Requirements For Salaried Applicants For Self-Employed Applicants
Proof of identity and address Aadhaar card, Voter ID, Passport, Driving License, utility bills, or any other government-approved photo identity and/or address proof Identity and address proof are the same for both self-employed and salaried applicants
Mandatory documents PAN Card, Form 60 PAN Card, Form 60
Proof of employment Identity card issued by the employer Document of business ownership, such as partnership agreement, and registration certificate
Proof of income Latest salary slips, bank account statement for the last 3 months, Income Tax Returns Latest salary slips, bank account statement for the last 3 months, Income Tax Returns
Property documents Copy of documents of the property to be mortgaged, Title documents as required by the legal team Same as for salaried applicants

Note: The list is only indicative, and you may be asked to provide additional documents required for a Loan Against Property as and when needed.

Loan Against Property Processing Fees & Other Charges

Processing Fees and Other Charges on a Loan Against Property

Bajaj Housing Finance offers Loan Against Property at very nominal fees and charges. To know more about these charges, click here.

Below are some of the general fees and charges that may be applicable to your mortgage loan.

Processing Fees Up to 4% of the loan amount + GST as applicable
Penal Charges Click here to know about the penal charges

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Steps to Apply for a Loan Against Property

Applying for a Loan Against Property is simple and straightforward. Once you have checked all the loan details and assessed the EMIs payable, complete the following steps to apply for a property loan:

  1. Go to the  Loan Against Property application form  and provide personal details, such as name, contact number and employment type
  2. Provide the loan type and your net income details to help with the selection of the best deals as per your financial standing
  3. Enter your PIN code and the required loan amount
  4. Proceed to the next step after entering the OTP and enter the rest of the financial and property related details
  5. Click to ‘Submit’ the application form

Our representative will get back to you in 24 hours* and guide you through the next steps, which will include document submission and verification.

*Terms and conditions apply.


Loan Against Property FAQs

A Loan Against Property (LAP) is a secured loan where a borrower puts up a residential or commercial property as collateral to get a loan. The lender has the right to sell the property in case the borrower fails to repay the loan. The funds provided through a LAP can be used to consolidate your existing debt, or for the purpose of business expansion. Due to their secured nature, Loans Against Property usually carry lower interest rates than personal loans.

A Loan Against Property (LAP), is a good idea for those looking for sizeable funds at a relatively low interest rate. Those who own a property and are looking for funds urgently can opt for this solution and secure funds easily.

Our Loans Against Property come at attractive interest rates, going up to Rs.5 Cr* or even higher, basis eligibility. The repayment tenor can stretch up to 17 years, which is a comfortable time to repay the loan without stretching your monthly budget.

Both salaried and self-employed individuals can avail of a Loan Against Property from Bajaj Housing Finance. For the former, the individual must be between 28 and 60 years** of age, whereas for the latter, one must be between 25 and 70 years** of age. To apply for a property loan, a salaried individual must be employed with an MNC or a public or a private company, while self-employed applicants must be able to prove a regular source of income. Also, check your city of residence and property ownership before applying.

**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

You will need to provide your personal, financial and property-related details to apply for a Loan Against Property. To apply for a loan with Bajaj Housing Finance, you need to click on ‘Apply Now’ on this page and fill in the required details. Next, provide your income details to check the best deals available. Once you have submitted the application form, a representative will get in touch with you and guide you through the next steps.

Yes, you can apply for a Loan Against Property with a co-applicant as long as he/she is a close family member. This includes your spouse, brother, parent or unmarried daughter. While there is no need to add a co-applicant, it improves your Loan Against Property eligibility by increasing the overall income considered for the loan application.

Depending on the lender and their terms and conditions, you can get a loan against a residential, commercial or even industrial property. You can avail a Loan Against Property against a house, apartment or plot of land that you own. You can even get a loan against a co-owned property if you apply for it with the co-owner. The property can be self-occupied, rented or vacant. However, you must possess all the relevant documents in your name to get the loan.

A Loan Against Property is a good option if you would like to avail of a big-ticket size loan amount, as one of the perks of seeking a secured loan is a high loan sanction. You can avail of a property loan from us worth Rs.5 Crore* or higher, basis eligibility. Furthermore, you can consider a Loan Against Property Balance transfer, for a lower interest rate. This loan type is ideal for those who are seeking funds to consolidate their other loans and debts or fund their business.

Property loan eligibility is calculated on the basis of several essential factors, such as age, income, employment status, city of residence, and borrower profile. You can use a Loan Against Property Eligibility Calculator to determine the maximum loan availability based on your eligibility fulfilment. Fill in the necessary income, age, and other details in the eligibility calculator for accurate estimation.

No, a loan against property is treated as an expense towards the required objective and the amount is not taxable. Borrowers can also avail of Loan Against Property income tax deductions on the repaid amount annually if the loan is utilised for house purchase or home renovation and repair. You must thus check the utility of the advance to understand if the property is taxable.

You can get several tax benefits on a Loan Against Property if you used the borrowed money for certain purposes. You can claim tax deductions under Section 37(1) if you use the funds for business purposes. If you use the borrowed funds to purchase another residential property, you can claim tax deductions of up to Rs. 2 Lakh under Section 24 (B). For both of these sections, you can claim deductions on the interest amount paid but not for the principal repayments.

A Loan Against Property is repaid in the form of Equated Monthly Instalments, or EMIs, till the end of your repayment tenor. The repayment of property loan can stretch up to 17 years, and for the ease of planning – can be mapped out using a loan EMI Calculator, at the time of the loan application itself.

The Bajaj Housing Finance Loan Against Property is perfect for those who are looking for sizeable loans urgently. You can avail of Rs. 5 Crore* or higher, basis your eligibility, and the loan amount will be disbursed into your account within just 72 hours*, from the time of approval and document submission. You can use these funds to address various business expenses along with debt consolidation, or even home renovation.


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