How to Apply for Loan Against Property Online/Offline

How to Get a Loan Against Property?

The Bajaj Housing Finance Loan Against Property can help you meet a variety of expenses, such as business expansion, home renovation, or debt consolidation.

To apply for a Loan Against Property, you will need to pledge an immovable asset (a property you own) as a collateral. You can gain access to funding worth Rs.5 Crore* or even higher, basis eligibility, for long repayment tenure.

Calculate Your Loan Against Property EMI

Loan AmountRs.

Rs.4 LakhRs.15 Crore

TenureMonths

24 Months180 Months

Interest Rate%

1%18%

Your EMI is Rs. 0

Total Interest

0.00%

0.00

0.00%

Total Payable Amount

0.00

View Repayment Schedule

Repayment Schedule

Date

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Loan Against Property EMI Calculator

Loan Against Property Eligibility Calculator

Eligibility Criteria

Our Loan Against Property eligibility criteria are easy to meet. Here are some criteria based on employment type:

For Self-Employed Applicants:

Should be a residing citizen of India
Should be between 25 and 70 years** of age
Should prove a minimum of 3 years of business continuity

For Salaried Applicants:

Should be a residing citizen of India
Should be between 28 and 58 years** of age
Should be employed with a public, private or a multinational organization with at least 3 years of experience

**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.

Documents Required to Apply for a Loan Against Property

Keep the following documents handy to ensure speedy verification and disbursal:

Type of Document	Salaried Applicant	Self-Employed Applicant
Mandatory Documents	PAN Card or Form 97 (if the applicant does not have a PAN Card) (Note: PAN Card is mandatory for financial applicants/co applicants)	PAN Card or Form 97 (if the applicant does not have a PAN Card) (Note: PAN Card is mandatory for financial applicants/co applicants)
Proof of Identity	Valid Indian Passport Driving Licence Election/Voter’s Identity Card issued by the Election Commission of India Job Card issued under NREGA, duly signed by an officer of the State Government Letter issued by the National Population Register containing the name, address, and photograph of the cardholder Proof of possession of Aadhaar Number (to be obtained voluntarily)	Valid Indian Passport Driving License Election/Voter’s Identity Card issued by the Election Commission of India Job Card issued under NREGA, duly signed by an officer of the State Government Letter issued by the National Population Register containing the name, address, and photograph of the cardholder Proof of possession of Aadhaar Number (to be obtained voluntarily) Proof of Identity for Non-Individuals Udyam Registration Certificate (URC) issued by the Government Complete Income Tax Returns duly authenticated/acknowledged by the income tax authorities GST Certificate/Registration document issued by Sales/Service/Professional Tax authorities Utility bills such as electricity, water, landline telephone bills, gas, etc. in the name of the entity
Proof of Current Residence	Valid Indian Passport Driving Licence Election/Voter’s Identity Card issued by the Election Commission of India Job Card issued under NREGA, duly signed by an officer of the State Government Letter issued by the National Population Register (NPR) containing name and address Proof of possession of Aadhaar Number (to be obtained voluntarily)	Valid Indian Passport Driving Licence Election/Voter’s Identity Card issued by the Election Commission of India Job Card issued under NREGA, duly signed by an officer of the State Government Letter issued by the National Population Register (NPR) containing name and address Proof of possession of Aadhaar Number (to be obtained voluntarily) Proof of Current Residence for Non-Individuals Udyam Registration Certificate Business Registration Certificate GST Certificate Gumasta Licence (Shop Act Licence for Maharashtra) Utility bills Income Tax Returns (ITR) Rent Agreement with utility bill not older than 60 days
Date of Birth	Passport PAN Card Driving Licence Election/Voter’s Identity Card issued by the Election Commission of India Job Card issued under NREGA, duly signed by an officer of the State Government Letter issued by the National Population Register (NPR) containing name and address Aadhaar Card (to be obtained voluntarily) Birth Certificate	Passport PAN Card Driving Licence Election/Voter’s Identity Card issued by the Election Commission of India Job Card issued under NREGA, duly signed by an officer of the State Government Letter issued by the National Population Register (NPR) containing name and address Aadhaar Card (to be obtained voluntarily) Birth Certificate
Proof of Income	Last 3 months' salary slips Last 12 months' bank statements (consent to fetch banking from account aggregator) showing salary credits Bonus pay slip along with bank credits Employment Contract/Appointment Letter in case current employment is less than a year old	Consent to fetch the financials from the Income Tax & GST Portal of all the financial applicants Last 12 months' bank statement of primary business accounts & savings accounts (preferably account aggregator)
Property Documents	Title Deeds including previous chain of the property documents	Title Deeds including previous chain of the property documents
Additional Documents	Passport-size photographs of all applicants and co-applicants. Proof of own contribution Bank statements of the last 6 months showing repayment of loans	Additional documents will be required for the entities below: Partnership Firm: Partnership Deed Limited Liability Partnership: LLP Agreement and Certificate of Incorporation, List of designated partners and latest profit-sharing ratio certified by CA/CS Public & Private Limited Co. (Even if only 1 Director): Certificate of Incorporation, Memorandum of Association (MOA), Articles of Association (AOA), and the latest CA/CS-certified list of Directors and Shareholders with name, date of birth, nationality, and address Trust: Trust Deed with the Registration Certificate, list of all beneficiaries, trustees, settlor(s), protector(s), and author(s) of the trust containing name and date of birth Society:Byelaws/Memorandum of a Society with Registration Certificate, list of members with name, address, and date of birth Authorised signatory along with KYC & Relationship Segment details in case of Private/Public Limited Companies/Limited Liability Partnerships/Partnership Firms/Trust/Society List of Directors & Senior Management details in case of Private/Public Limited Companies Legal Entity Identifier (LEI) Certificate of non-individual borrower having banking system exposure of Rs.5 Crore and above Passport-size photographs of all applicants and co-applicants Own contribution proof Bank statements of the last 6 months showing repayment of loans Cheque for processing fee towards the Home Loan provider Additional documents for Self-Employed Professionals: Qualification documents (Degree certificate) from a recognised institution Registration Certificate from the State Medical Council for MBBS or higher education Chartered Accountant (CA) – Certificate of Practice (COP)

Note: This list is indicative. Additional documents may be needed during loan processing.

Benefits of a Loan Against Property

Here are some of the benefits of a Loan Against Property:

Sizeable Sanctions: Access to a substantial loan amount of Rs.5 Crore*, or higher, based on eligibility.
Flexible End-Use: Funds availed of through a property loan can be used to meet expenses related to business or housing. You can also use the funds for debt consolidation.
Competitive Interest Rate: Since a Loan Against Property is a type of secured loan, they are usually sanctioned at a lower interest rate as compared to unsecured loans, ensuring that the loan journey remains feasible.
Long Repayment Tenure: With a repayment tenure extending up to 15 years, borrowers can manage their EMIs and repay the loan comfortably at their own pace.