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Home Loan Starting 6.70%*


Loan Against Property: Fees and Charges

When you take a loan against property from Bajaj Housing Finance Limited (BHFL), you enjoy benefits, such as attractive interest rates and transparent fees and charges. The fees and charges applicable on a loan are as follows:

Loan Against Property Interest Rate for Salaried & Self-Employed Borrowers

Loan Against Property Interest Rate (Floating)
Benchmark Rate (BR) Employment Type Effective ROI (p.a.)
Salaried Floating Reference Rate Salaried 8.25%* to 15.00%
Self-Employed Floating Reference Rate Self-Employed 8.50%* to 18.00%

For a complete list of fees and charges, please click here


  • Bajaj Housing Finance charges an additional rate, called ‘spread,’ over the benchmark rate to arrive at the final lending rate. The spread varies on the basis of various parameters, including the bureau score, profile, segments, and approval from competent authorities, among others.
  • BHFL may grant loan below or above the documented rate of interest (upto 100 basis points) in deserving cases on exceptional basis under the powers of the competent authority, vested with them.
  • The above-mentioned rates are applicable to new loans sanctioned after August 2020 and not applicable to existing loans.
  • BHFL FRR was applicable on all types of loans booked by Bajaj Housing Finance till March 2018; however, it is only applicable to unsecured loans since April 2018.
  • The above benchmark rates are subject to change. Bajaj Housing Finance will update the current benchmark rates on this website in the event of a change.

*BHFL FRR was applicable for all types of loans (secured and unsecured) by the company on or before 18 March. Post 18 March, it is only applicable for unsecured loan.


On or before March 18, BHFL FRR was applicable for all type of loans (secured & unsecured) booked by the Company however, this benchmark rate is applicable for unsecured loans post this period.”

Other Charges

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)


*For term loans, charges will be calculated on the outstanding principal amount.

* For flexi interest only/ Hybrid flexi loan, charges will be calculated on the sanctioned limit.

*For flexi term loan, charges will be calculated on the current dropline limit.



Time Period (months) >1 >1
Foreclosure Charges Nil Nil
Part Payment Charges Nil Nil

*For purposes other than business

Time Period (months) >1 >1
Foreclosure Charges 4% * on the Principal Outstanding 4%* on the Sanctioned Amount during the Flexi Interest Only
Loan Repayment Tenor;
4%* on the available Flexi Loan Limit during the Flexi Term Loan Tenor
Part Payment Charges 2% * on the Part- Payment Amount NA

*Not including GST



Mortgage Loan Process

The loan against property application process is simple and straightforward with Bajaj Housing Finance. Individuals must make sure they meet all eligibility requirements before they go ahead and apply to maximize their chances of approval.

Step 1: Visit the loan against property online application form page

Step 2: Fill in the required personal details, such as name, employment type, email ID, and mobile number

Step 3: Enter your income and other financial details

Step 4: Submit the application form online

A representative from Bajaj Housing Finance will contact you shortly after you submit the form. Make sure to keep the required documents handy before initiating the mortgage loan process to fast-tracked loan processing and improve the chances of approval.

Documents Required For Loan Against Property

Bajaj Housing Finance keeps its document requirement to a minimum so as to deliver a hassle-free borrowing experience. Listed below are some of the common documents required for both salaried and self-employed individuals to apply for loan against property.

  • Proof of income - PAN card, Aadhaar card, Voter ID card, Passport, Driving License or any other government-approved photo identity card.
  • Proof of address – Aadhaar card, Voter ID card, Passport, Ration card, utility bills or any other government-approved proof of address.
  • Property documents – Documents of title as required by the legal team; any other document related to ownership for the property to be mortgaged.
  • PAN details or Form 60

With regards to income and employment proof, the loan against property documents list is different for salaried and self-employed individuals. Take a look.

Documents Required Salaried Applicants Self-Employed Applicants
Proof of employment Identity card issued by the employer Business registration certificate, partnership agreement, etc.
Proof of income
  • Salary slips for the last 2 months

  • Bank account statements for the last 3 months

  • Income Tax Return for last 1 year
  • Bank account statements for the last 6 months
  • Financial statements such as Balance Sheet and Profit and Loss Statement
  • Income Tax Return for the last 2 years


Keep the loan against property required documents ready for submission before applying for hassle-free loan processing. It is also wise to check the loan against property interest rate and other charges before proceeding to confirm affordable borrowing.

Tips to Reduce Loan Against Property Interest Rate

Listed below are a few quick tips that can help you reduce your Loan Against Property interest rate and overall interest liability.

     1. Choose the interest rate wisely  (fixed or floating)

You can choose either a fixed or floating rate of interest when availing of a loan against property. While there is no guarantee as to which may prove more economical, understanding how each works and can impact your home loan will help you make an informed decision.

A floating rate is suitable when the market is predicted to experience a downward trend. On the other hand, a fixed rate can be beneficial if the market rates are expected to increase in the long run. If you plan to foreclose your loan, opting for floating rates can be beneficial as foreclosure charges on this interest type are zero for individuals, as per RBI guidelines.

     2. Provide all income documents to establish your repayment capacity

Make sure you disclose all your income sources while applying for a loan against property. Submitting documentation that proves additional income, such as rent from a property, improves your profile as a borrower and, in turn, increases your loan approval chances.

     3. Apply with a high credit score and strong credit history

A high credit score endorses you as a reliable borrower who is likely to repay the sum borrowed. It represents borrower reliability and financial discipline, reducing the risk involved for the lender.

     4. Submit employment proof to negotiate better

Salaried applicants, especial those employed with reputed organizations, can negotiate on the interest rate based on their employment income and stability.

Loan Against Property Interest Rate FAQs

Is it possible to apply for a loan against property if I have an existing loan?

Yes, it is possible to apply for a loan against property while you are servicing an existing loan. However, to receive hassle-free approval, make sure that your repayment capacity is at par with the new EMI liability as well as the existing EMIs payable.

You can check your credit utilisation ratio and fixed obligation-to-income ratio to better assess your loan eligibility. Check the applicable loan against property interest rates for accurate EMI determination and proceed with repayment capacity evaluation.

Who can avail of a loan against property?

Both salaried and self-employed individuals can avail of a loan against property from Bajaj Housing Finance, provided they fulfil the necessary eligibility requirements. The criteria you need to fulfil for successful loan approval include age, employment, and city of residence.

What is the credit score required for a Loan Against Property?

As a loan against property is a secured advance, Bajaj Housing Finance does not set any mandatory eligibility requirement in terms of the CIBIL score. The CIBIL score is, however, a critical parameter indicating an individual’s creditworthiness and financial habits.

It is thus ideal to maintain a CIBIL score of 750 or more.

How to Calculate Loan Against Property Interest?

You can use a loan against property calculator to compute the total interest payable on the advance for a selected tenor. Access the Bajaj Housing Finance EMI calculator and enter the required details, including the loan amount, the desired tenor, and the interest rate applicable to calculate the amount payable accurately. The EMI calculator also provides you with the EMI payable, the total loan amount, and the amortisation schedule.

How to Check Loan Against Property Eligibility criteria?

Bajaj Housing Finance Limited has listed down all eligibility requirements on the dedicated ,loan against property eligibility criteria page. Both salaried and self-employed individuals can also check their maximum loan amount eligibility with the loan against property eligibility calculator provided for free. The financial tool is easy to use and requires only a few essential details to display the eligible loan amount.

What is a mortgage loan?

A mortgage loan is a secured financing option that requires an immovable asset as collateral. Usually, residential and commercial properties are utilised as mortgages to avail of funds. One can also leverage the market value of other fixed assets, such as plant and machinery, to avail an advance.

The complete understanding of a mortgage loan also entails the concept of LTV or loan-to-value ratio, which is the maximum percentage of a property’s market value available as the loan amount.

What are the mortgage loan interest rates in India?

Mortgage loan interest rates in India differ with the type of mortgage financing availed of, i.e., loan against property or home loan. While the rates vary with financial institutions, the benchmarking system has been standardised and improved for better transparency of mortgage loan interest charges levied. As per RBI guidelines, all mortgage loan rates of interest should be determined based on an external benchmark, such as the repo rate.

What is a property loan?

A property loan is a type of mortgage loan individuals can avail of by providing a residential or a commercial property as collateral. Also called loan against property, it is a long-term advance with tenor flexibility of up to 20 years. Bajaj Housing Finance keeps funding affordable for borrowers with competitive property loan interest rates and nominal fees and charges.