Types of Loan Against Property-Banner_WC



Meet your big-ticket home or business expenses with a Loan Against Property from Bajaj Housing Finance. Secure a sizeable loan at a competitive interest rate, with exclusive benefits such as disbursal in 72 hours* from document submission, minimal documentation, and doorstep service.

1. Loan Against Residential Property:

It is the most common type of mortgage loan. Individuals can avail of funds against their home or any other residential property they own. It may be self-occupied, rented out, or vacant.

2. Loan Against Commercial Property:

This option lets individuals mortgage their owned commercial property, be it an office space or an industrial unit, to obtain funds against its present market value.

3. Lease Rental Discounting:

In this type of Loan Against Property, you put a property that you have leased as a collateral. The fixed rentals earned act as the EMIs, and the eligible loan amount is determined accordingly.

Based on an Applicant’s Employment Type

A Loan Against Property can also be classified on the basis of an applicant’s employment type.

1. Loan Against Property for Salaried:

Salaried individuals are eligible for funds against their property. For this, they should be aged between 28 to 60 years** and employed with an MNC, or any public or private sector company for at least 3 years.

2. Loan Against Property for Self-Employed:

Self-employed borrowers too can obtain an advance with Loan Against Property. They should be from 25 to 70 years** of age and be able to showcase a stable income source with a business continuity of 5 years or more.

**The upper age limit is considered as the age at loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

Based on Usage

A Loan Against Property comes with end-use flexibility. Thus, it can be used for any residential or business purpose as the borrower sees fit. To further help borrowers, Bajaj Housing Finance offers a range of customised Loan Against Property types. These are:

1. Loan Against Property for Housing Purposes:

Cover high-ticket expenses such as a home renovation or other residential expenses with our Loan Against Property.

2. Loan Against Property for Business:

Several business expenses such as buying new assets or machinery as well as business expansion can be covered through Loans Against Property.

3. Loan Against Property for Debt Consolidation:

Combine all your existing debts into one with a Loan Against Property for debt consolidation. It reduces the interest outgo and hassle of managing multiple repayments.

*Terms and conditions apply.


Types of Loan Against Property _PAC_WC

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