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Home Loan Starting 6.75%*


Loan Against Property: Features and Benefits

Bajaj Housing Finance’s loan against property facility allows you to borrow a sum using your property as a collateral. This financial instrument is especially beneficial when you need to borrow a high-value amount for personal expenses or if you wish to consolidate your debt. In the case of a loan against property, the amount credited to you is free of end-use restrictions; use it to fund your child’s further studies or plan a wedding.

  • Quick Processing

    We understand how valuable your time is, which is why you can expect approval on your application within 24 hours from when you submit all required documents..

  • Instant Disbursal

    With Bajaj Housing Finance, you can count on funds for urgent requirements. If you meet the eligibility criteria and have the required documents ready, you can expect funds in your account in as little as 72 hours.

  • Easy Eligibility

    Our loan against property eligibility criteria are easy to meet – we ask for minimal documentation, which makes the whole process simple and quick.

  • Doorstep Service

    We will pick up documents from your home or place of work, making the process of availing of a loan against property even more hassle-free. 

  • Flexible Repayment Tenor

    A loan against property can often be a long-term commitment, which is why it is important that you are given the option to repay at your pace. With a tenor of up to 20 years, Bajaj Housing Finance offers you the option of flexible repayment.

  • Easy balance transfer with top-up loan

    Transfer your existing loan against property to Bajaj Housing Finance Limited and avail an additional top-up loan for any other financial needs you may have.

  • Online Account Management

    Manage your loan account anytime and from anywhere via our easy-to-use customer portal.

  • Online Calculators

    Use our loan against property eligibility calculator and loan against property EMI calculator to know the loan amount you can apply for and plan your repayment.


A loan against property can help you fulfil many needs, such as funding your child’s higher education, paying hospital bills in case of a medical emergency, financing your dream vacation, expanding your business and increasing its working capital, and more.

Finance your major expenses with a Bajaj Housing Finance Loan Against Property today. To apply, check out your pre-approved offer here.

Calculate Loan Against Property EMI

Compute your loan against property EMIs with the help of our online EMI calculator. The loan against property EMI calculator is a simple financial tool with an easy-to-understand interface used to calculate the EMI amount and other details.

Provide essential details such as the loan amount, your preferred tenor, and the applicable rate of interest to know your property loan EMI instantly. The loan against property calculator also reflects the total loan amount payable by the tenor’s end, the total interest payable, and an amortisation schedule indicating the principle and interest component of each EMI for informed decision-making.

Mortgage Loan Calculator: Calculate your Mortgage Loan EMI


Total Interest

Rs. 90,142

Principal + Interest

Rs. 9,90,142

EMI amount

Rs. 82,512

Loan Against Property Eligibility Criteria

Individuals must meet the minimum loan against property eligibility criteria laid down by Bajaj Housing Finance to avail of the advance. 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 Must be self-employed with a steady income source
City of residence and property ownership Delhi, NCR, Mumbai, MMR, Hyderabad, Chennai, Bangaluru, Ahmadabad or Pune Indore, Bengaluru, Nagpur, Pune, Vijayawada, Madurai, Surat, Chennai, Lucknow, Delhi, NCR, Cochin, Hyderabad, Mumbai, Ahmadabad, or Jaipur

Check your maximum loan against property eligibility with the help of our designated online eligibility calculator to decide on the loan amount.

The loan against property eligibility calculator requires you to provide:

  • Your age
  • Borrower profile
  • City of residence
  • Minimum monthly income
  • Property value

Based on these entries, the maximum property loan amount you can avail is displayed. Proceed to apply for a suitable amount of loan against property accordingly.

Documents Required For Loan Against Property

With minimal paperwork, Bajaj Housing Finance Limited keeps the list of documents required for a loan against property short. Keep all the necessary documents required for a LAP 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 PAN card, 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
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
• PAN card/Form 60
• Income Tax Returns
• Primary bank account statements for the last 6 months
• PAN card/Form 60
• Income Tax Return
• Financial documents such as Balance Sheet and Profit and Loss Statement
Property documents • Copy of documents of the property to be mortgaged
• Title documents as required by the legal team
Same as for salaried applicants

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 Interest Rate

Benefit from competitive loan against property interest rate and repay your loan in affordable EMIs with Bajaj Housing Finance Limited. Know all other associated charges below:

Interest Rate for Salaried Borrowers

Benchmark Rate (BR) Prevailing BR Loan Type Rate Type BR + Spread Effective ROI (p.a.)
Repo Rate (RR) 4.00% Home Loan Floating RR +2.75% to RR +8.00% 6.75%* to 12.00%*
Repo Rate (RR) 4.00% Top-up Floating RR +2.75% to RR +8.00% 6.75%* to 12.00%*
Salaried Floating Reference Rate (SAL-FRR) 12.90% Home Loan Floating FRR -6.15% to FRR +1.10% 6.75%* to 14.00%*
Salaried Floating Reference Rate (SAL-FRR) 12.90% Top-up Floating FRR -6.15% to FRR +2.10% 6.75%* to 15.00%*
Salaried Floating Reference Rate (SAL-FRR) 12.90% Loan Against Property Floating FRR -4.65% to FRR +0.90% 8.25%* to 15.00%*


Interest Rate for Self-Employed Borrowers

Benchmark Rate (BR) Prevailing BR Loan Type Rate Type BR + Spread Effective ROI (p.a.)
Self-Employed Floating Reference Rate (SE-FRR) 13.3% Home Loan Floating FRR -5.05% to FRR +0.70% 8.25%* to 14.00%
Self-Employed Floating Reference Rate (SE-FRR) 13.3% Top up Floating FRR -5.05% to FRR +1.70% 8.25%* to 15.00%*
Self-Employed Floating Reference Rate (SE-FRR) 13.3% Loan Against Property Floating FRR -4.80% to FRR +4.70% 8.50%* to 18.00%*


Processing Fee Up to 6% of the loan amount
Loan Statement Charges NIL
Interest and Principal Statement Charges NIL
EMI Bounce Charges Up to Rs. 3,000
Penal Interest Up to 2%
Secure Fee Up to Rs. 4,999 (one time)

The foreclosure charges on a loan against property are also nominal and even zero in case of the loans availed against floating rates.

How to Apply for a Loan Against Property Online

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 loan against property.

  • Go to the online application form and provide personal details such as name, date of birth, address, and contact details
  • Provide all your income details to help with the selection of the best deals as per your financial standing
  • Proceed to submit the application form

Once the loan against property application is complete, a Bajaj Housing Finance Limited representative will connect with you for further processing of the loan application. Provide the necessary documents and coordinate for identity as well as property verification to enjoy hassle-free loan processing.

Types Of Loan Against Property

Meet your big-ticket financing needs conveniently with a loan against property. The eligibility requirements are simple, and you can choose from several available types of loans against property based on your need.

Some of the prominent loan against property types are listed below.

     A.  Property type-based loans

  • Loan against a commercial property (commercial property as mortgage)
  • Loan against a residential property (residential property as mortgage)
  • Lease rental discounting (leased property as mortgage, with EMI payment based on rent received as lease revenue)

     B. Employment-based loans

  • Loan against property for salaried individuals: For individuals employed with a public or private company or an MNC
  • Loan against property for self-employed individuals: For self-employed individuals with a regular income source

      C. Usa-based loans

  • Loan against property for education: To fund higher education
  • Loan against property for debt consolidation: To convert multiple small debts into a consolidated debt
  • Loan against property for wedding: To fund big ticker wedding expenses

Loan against property for home renovation is another common type of mortgage loan provided by Bajaj Housing Finance. As loan against property is an end-use restriction free financing option, one can conveniently avail of funds for any personal or professional financing need.

Loan Against Property FAQs

1. What is Loan Against Property?

Loan against property is a type of mortgage finance where a residential, commercial, or leased property is provided as collateral to avail of funds. Here, the applicant recovers the property rights after complete repayment of the loan liability.

A loan against property is provided as only a percentage of the property’s current market value, known as LTV or loan-to-value ratio. As a secured loan, the eligibility criteria for a LAP loan are minimal. Bajaj Housing Finance also keeps its property loan interest rates competitive for affordable financing.

2. What is a Mortgage Loan?

A mortgage loan is a type of financing option wherein an immovable property/asset serves as collateral. Such an asset can either be a residential or commercial property or any other immovable property, such as plant or machinery. The repayment tenor of a mortgage loan in India can extend to anywhere between 15 and 20 years. Bajaj Housing Finance provides Loans Against Property and Home Loans as mortgage advances.

3. How to Get a Loan Against Property Without Income Proof?

To avail of a loan against property without income proof, consider the below tips.

  • Apply for the loan with a co-applicant who has a high credit score
  • Apply for a lower loan amount than your actual eligibility
  • Negotiate with the lender and apply through other documents, such as bank account statement and rent receipt, among others
  • Justify your lack of income proof with a genuine reason
  • Negotiate based on financial discipline

Agreeing to repay under a shorter tenor with higher EMIs is also an effective solution to avail of a loan against property without income proof.

4. Who Can Avail a Loan Against Property?

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 23 and 62 years of age, whereas for the latter, one must be between 25 and 70 years of age. To apply for a loan against property, 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.

5. Is a Loan Against Property Taxable?

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 loan against property is taxable.

6. What are the RBI Guidelines on Loan Against Property?

As per the RBI guidelines on loans against property, the advance should be linked to an external benchmarking based on the repo rate from 1st October 2019. Another RBI guideline for loan against property is related to the advance’s foreclosure. As per the new RBI guidelines for foreclosure of loans against property, any property loan availed of by an individual on floating rate does not attract additional charges for the facility.

7. How Can I Apply for Mortgage Loan?

You can apply for a mortgage loan in a few simple steps.

Select the type of mortgage loan you want to avail of and check its eligibility requirements. Follow the stepwise guide on how to apply for a mortgage loan for quick and hassle-free application; this includes filling the application form with necessary personal details, providing all income details, and submitting the form with all the required documents

Once you complete the form accurately with all necessary details and submit the necessary documents, you can expect to receive approval shortly with Bajaj Housing Finance.

8. What is LTV Ratio?

LTV or loan-to-value ratio is the percentage of a property’s current market value that a lender sets as the maximum loan cap for borrowers. LTV ratio can vary with the type of property collateralised and the type of advance applied for. In the case of a loan against property, the loan-to-value ratio can reach up to 80% of the property’s value. Make sure you use an LTV calculator before applying to ensure the maximum loan availability for your property.

9. How Will My Loan Eligibility Be Calculated?

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 Bajaj Housing Finance Limited LAP eligibility calculator for accurate estimation.