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Home Loan Starting 6.70%*


Education Loan Against Property: Overview

The rising costs of education need a potent financial solution that can meet any expenses that come in the way. Starting from the tuition fees to managing accommodating and day-today-to expenses, an education loan against property can solve them all.

Education Loan Against Property: Features and Benefits

  • Easy-to-meet eligibility criteria

    Securing an education loan on property with Bajaj Housing Finance is not a hassle anymore. Fulfil our easy-to-meet eligibility criteria and get the funds necessary.

  • Faster processing

    Get a loan approval within 24 hours* of documents submission. Keep the important papers handy to avoid delays.

  • Swift disbursal

    Meet the eligibility criteria of loan against property for education associated with Bajaj Housing Finance and get the loan quantum within 72 hours*.

  • Doorstep services

    Enjoy the benefits of our doorstep services and have a hassle-free borrowing experience. Following a loan approval, our representatives will pick up the documents from an applicant’s home or office address.

  • Repayment flexibility

    An education loan against property typically comes with a repayment period ranging up to 18 years. Thus, flexibility is crucial in repayment, and with Bajaj Housing Finance, one can enjoy that suitability and pay as per their convenience.

  • Hassle-free balance transfer with top-up loan

    Switch lender and transfer an existing loan against property to Bajaj Housing Finance without any difficulty. Also, access a top-up loan to finance any additional monetary needs.

  • Online calculators

    With our easy-to-use customer portal, manage a loan account from anywhere and anytime.


*Conditions apply.

Take the assistance of an education loan against property and meet an array of associated expenses.

Education Loan Against Property: Interest Rate, Fees, and Charges

Get a loan against property from Bajaj Housing Finance with attractive interest rates. Know about additional charges as well from the following tables before applying.

Salaried Floating Reference Rate: 13.25%*

Loan Against Property Interest Rate (Floating)
Loan Type Effective ROI (p.a.)
Loan Against Property 8.40%* to 15.00%*
Loan Against Property Balance Transfer 8.50%* to 15.00%*

Self-Employed Floating Reference Rate: 13.70%*

Loan Against Property Interest Rate (Floating)
Loan Type Effective ROI (p.a.)
Loan Against Property 7.75%* to 18.00%*
Loan Against Property Balance Transfer 7.85%* to 18.00%*

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


Type of fee Charges applicable
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)


Part-Prepayment Charges and Foreclosure Charges

Borrower Type: Individual Term Loan Flexi Loan
Time Period (months) >1 >1
Foreclosure Charges NIL NIL
Part Payment Charges NIL NIL

*For purposes other than business

Borrower Type: Individual Term Loan Flexi Loan
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; and 4%* on the available Flexi Loan Limit during the Flexi Term Loan Tenor
Part Payment Charges NI2%* on the part-payment amountL NA

We impose minimum foreclosure charges on our Loan against Properties. If one opts for a credit against floating rates, such charges are nullified.

Documents Required for Education Loan Against Property

Education loan on property from Bajaj Housing Finance entails minimal documentation. Keep them handy to streamline this process and avoid delays in approval.

For Salaried

  • Identity and address proof: Aadhaar Card, Passport, PAN Card, Voter ID, Driving License, and Photo identity card and /or address proof approved by the government, Utility Bills
  • Income proof: Salary slips, PAN card/Form60, IT return papers, Bank account statement of last 3 months
  • Employment proof: Employment Identity Card
  • Property documents: Title documents and other documents of the property to be mortgaged

For Self-employed

  • Identity and address proof: Same as the salaried individuals
  • Income proof: Details of the primary bank account of last 6 months, Pan Card/Form 60, Balance sheet and Profit and Loss statement
  • Income Tax Return papers
  • Employment proof: Proof of business ownership documents, such as business registration certificate and partnership agreement
  • Property documents: Same as the salaried individuals

Education Loan Against Property Eligibility

Fulfil the following loan against property eligibility criteria set by Bajaj Housing Finance, and avoid rejection for education loan against property.

For salaried applicants

  • Must be an Indian citizen
  • Age should be between 28 and 58 years**
  • Must have a stable income from the current business, which should have a minimum vintage of 5 years

Note: ** The upper age limit is considered as the age at the time of maturity of the loan.

One can always refer to a loan against property eligibility calculator for further information and check the maximum loan amount available.

Provide the following details to get the correct result.

  • Age
  • Borrower profile
  • City of residence
  • Property value
  • Monthly income

After learning the maximum loan amount an individual is eligible to acquire, he/she can move on to the application process.

How to Apply for Education Loan Against Property?

The application process for a loan against property for education with Bajaj Housing Finance is straightforward. After reviewing the EMI amount, eligibility, and other related information, individuals can apply online with the following steps:

Step 1: Locate the loan application form and enter details such as name, address, date of birth, and contact information

Step 2: Provide the income information and find the appropriate loan offer

Step 3: Submit the application form

After a successful loan application, our representatives will get in touch with you for further processing. Provide them with the needed loan documents and coordinate with them during property verification for quick and hassle-free processing.