How to Apply for Loan Against Property

Apply for Loan Against Property Online

To apply for a Bajaj Housing Finance Limited Loan Against Property, Here’s how to apply for loan against property online in a few simple steps.

Step 1

Navigate to the loan against property’s official page.

Step 2

Click on the ‘Apply loan against property’ button.

Step 3

Click on the online application form.

Fill up the online form with required personal details such as – name, address, date of birth and contact information.

Step 4

Provide accurate income details.

Step 5

Check the details entered and then click on the ‘Submit’ button.

The loan against property process of application would be completed in no time once these steps are covered. As an applicant, do not forget to check the requirements to initiate the mortgage loan process to avail quick loan approval and make the process hassle-free.

CALCULATE YOUR EMI

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Advantages of Taking Loan Against Property from Bajaj Housing Finance

These pointers will walk you through the advantages of availing a Bajaj Housing Finance Limited Loan Against Property –

Benefit	Description
A high amount	Self-employed applicants can avail up to Rs.3.5 crore; whereas, salaried applicants can get a maximum of Rs.1 crore sanctioned as a loan. Such a high loan amount could prove useful in meeting high-end personal or business-related expenses easily.
Zero restrictions on end-use	Borrowers can use the sanctioned loan against property amount to meet any personal financial requirements, including –wedding, enrolling for a college or university course abroad, paying for medical treatment, etc. Similarly, borrowers can also use the loan amount to meet business expenses like – purchasing a new office space, upgrading equipment, availing high-end machinery, etc.
Simple eligibility	Borrowers can use the sanctioned loan against property amount to meet any personal financial requirements, including –wedding, enrolling for a college or university course abroad, paying for medical treatment, etc. Similarly, borrowers can also use the loan amount to meet business expenses like – purchasing a new office space, upgrading equipment, availing high-end machinery, etc.
Flexible repayment tenor	Loan Against Property from Bajaj Housing Finance Limited comes with a flexible repayment tenor. For instance – - Self-employed applicants can avail a loan for up to 18 years. - Salaried applicants can avail it for up to 20 years. This allows applicants to select a tenor and EMI combination that matches their repayment capability.
The facility of balance transfer and top-up loan	The balance transfer facility allows individuals to transfer their existing loan against property to Bajaj Housing Finance Limited. They will also be able to access an additional top-up loan amount on refinancing that will help meet miscellaneous expenses.
Prompt disbursal	BHFL offers access to sanctioned loan amount within 72 hours. The simple online application process, easy to meet eligibility criteria and doorstep documentation helps gain access to funds quickly.

Check Loan Against Property EMI

Gaining an idea about the loan against property EMI in advance will help you to determine your loan repayment capability. It will be useful in planning a monthly budget, inclusive of loan payout.

Notably, one of the easiest ways to check your loan EMI and total interest payable is with the Bajaj Housing Finance Limited Loan Against Property EMI calculator.

To obtain the information, enter details like -

Loan amount
Repayment tenor
Interest rate

The EMI calculator also helps to determine the overall cost of borrowing and plan repayment accordingly. Also, the accompanying repayment schedule provides valuable insight into the loan’s repayment structure. This helps to keep track of payment and understand the break up of loan interest and principal through the course of loan tenor.

Mortgage Loan Calculator – Calculate your Mortgage Loan EMI

LOAN AMOUNT

20L

12C

15C

18C

21C

TENOR

Month

120

144

168

192

216

RATE OF INTEREST

Total Interest Payable

Rs. 90,142

Total Payment

Rs. 9,90,142

your EMI will per month

Rs. 82,512

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How to Connect With Bajaj Housing Finance Customer Care

You can connect with Bajaj Housing Finance Limited customer care in no time for loan related queries by following these steps –

Step 1 – Visit Bajaj Housing Finance Limited’s official page.

Step 2 – Click on the desired loan product, say, loan against property.

Step 3 – Navigate to the bottom of the page.

Step 4 – Click on the ‘Contact Us’ button.

Step 5 – Once redirected to the ‘Contact Us’ page, you will find all the required details.

You can reach out to the loan executive of BHFL, either through SMS or via missed call.

A. SMS Service

SMS <CODE> to 53010

Loan product	SMS Code
Loan against property for self-employed applicants	LAP
Loan against property balance transfer for self-employed applicants	LAPBT