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About Loan Against Property

​A Loan Against Property (LAP) is a secured loan through which borrowers can avail of funds by keeping a residential/commercial property they own as collateral. You can avail of sizeable funds of Rs.5 Cr* or higher, basis eligibility, and repay the sum over a tenor of up to 18 years. Enjoy hassle-free processing with minimal documentation and doorstep service and receive the funds in your account in as few as 72 hours* from document submission.

Bajaj Housing Finance offers Loan Against Property that can help you to fulfil many needs, such as funding your child’s higher education, covering a medical emergency, expanding your business, meeting working capital needs, and many others.


Features and Benefits

Attractive Interest Rates

Bajaj Housing Finance offers competitive Loan Against Property interest rates for both salaried and self-employed individuals.

Loan Amount of Rs.5 Cr*

Benefit from sizeable funding as high as Rs.5 Cr* or more, basis eligibility. The final loan amount depends on your profile and the property being mortgaged.

Money in Bank in 72 hours*

A Loan Against Property is the ideal solution for all urgent financial needs. Apply today and receive the funds in just 72 hours* from when you submit the documents.

No End-Use Restrictions

A Loan Against Property comes with no end-use restrictions, which means you can use the sum to meet business expenses, fund your child’s education, or even consolidate your debts.

Tenor of Up to 18 years

Enjoy comfortable repayment with the option to choose a tenor of up to 18 years.

Zero Part-Prepayment and Foreclosure Charges

Individuals with floating interest loans pay no additional charges on prepayment or foreclosure.

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Interest Rates

​Get a Loan Against Property from Bajaj Housing Finance at low interest rates starting as low as 9.75%* for self-employed applicants. To know more about other fees and charges in detail, click here.

Lap Loan Emi Calculator

Loan Against Property EMI Calculator

Loan AmountRs.

Rs.20 LakhRs. 15 Cr


1 Month216 Months

Interest Rate%


Your EMI is Rs. 0


Total Interest



Principal Amount


View Repayment Schedule Apply Now

Repayment schedule



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Eligibility Criteria

Individuals must meet the minimum property loan eligibility criteria laid down by Bajaj Housing Finance to avail of the advance. Meeting all eligibility requirements will increase your chances of fast approval and hassle-free financing.

Eligibility Requirements For Salaried Applicants For Self-Employed Applicants
Employment status Must be employed with a public or a private sector company, or an MNC (minimum of 3 years of experience) Must be able to showcase steady income from an enterprise with a vintage of 5 years or more
City of residence and property ownership Delhi, Mumbai, Bengaluru, Ahmedabad, and Pune, among others. Delhi, Mumbai, Bengaluru, Ahmedabad, and Pune, among others.

Check your maximum Loan Against Property eligibility with the help of our designated online property loan eligibility calculator to decide on the loan amount.


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Documents Required

With minimal paperwork, Bajaj Housing Finance keeps the list of documents required for a Loan Against Property short. Keep all the necessary documents required for a property loan handy before applying to enjoy streamlined loan processing and improve your chances of quick approval.

Eligibility Requirements For Salaried Applicants For Self-Employed Applicants
Proof of identity and address PAN card, Aadhaar card, Voter ID, Passport, Driving License, utility bills, or any other government-approved photo identity and/or address proof Identity and address proof are the same for both self-employed and salaried applicants
Proof of employment Identity card issued by the employer Document of business ownership, such as partnership agreement, and registration certificate
Proof of income
  • Latest salary slips
  • Bank account statement for the last 3 months
  • Form 60
  • Income Tax Returns
  • Primary bank account statements for the last 6 months
  • Income Tax Return
  • Financial documents such as Balance Sheet and Profit and Loss Statement
Property documents
  • Copy of documents of the property to be mortgaged
  • Title documents as required by the legal team
Same as for salaried applicants

The list is only indicative, and you may be asked to provide additional documents required for a Loan Against Property as and when needed.

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How to Apply for Loan Against Property

Applying for a Loan Against Property is simple and straightforward. Once you have checked all the loan details and assessed the EMIs payable, complete the following steps to apply for a Property Loan.

  1. Go to the  Loan Against Property application form and provide personal details, such as name, date of birth, address, and contact details
  2. Provide all your income details to help with the selection of the best deals as per your financial standing
  3. Proceed to submit the application form

Our representative will get back to you in 24 hours and guide you through the next steps, which will include document submission and verification.

*Terms and conditions apply


Frequently Ask Questions

Both salaried and self-employed individuals can avail of a loan against property from Bajaj Housing Finance. For the former, the individual must be between 28 and 58 years** of age, whereas for the latter, one must be between 25 and 70 years** of age. To apply for a property loan, a salaried individual must be employed with an MNC or a public or a private company, while self-employed applicants must be able to prove a regular source of income. Also, check your city of residence and property ownership before applying.

**Maximum age considered at the time of loan maturity

A Loan Against Property is a good way to go if you would like a high loan amount, as one of the perks of seeking a secured loan is a high loan sanction. You can avail of a property loan from us worth Rs. 5 Crore* or higher, basis eligibility, with the benefit of attractive interest rates. Furthermore, you can consider transferring your loan balance to us, for a lower interest rate. This loan type is ideal for those who are seeking funds to consolidate their other loans and debts, or fund their business, wedding, or overseas education without a high cost of borrowing.

The Bajaj Housing Finance Loan Against Property is perfect for those who are looking for sizeable loans urgently. You can avail of Rs. 5 Crore* or higher, basis your eligibility, and the loan amount will be disbursed into your account with in just 72 hours*, from the time of approval and document submission. You can use these funds to address any personal financial matter, with no end-use restrictions. In many ways, it is like a personal loan, but with interest rate benefits of being a secured, mortgage loan.

Property loan eligibility is calculated on the basis of several essential factors, such as age, income, employment status, city of residence, and borrower profile. You can use a loan against property eligibility calculator to determine the maximum loan availability based on your eligibility fulfilment. Fill in the necessary income, age, and other details in the eligibility calculator for accurate estimation.

No, a loan against property is treated as an expense towards the required objective and the amount is not taxable. Borrowers can also avail of loan against property income tax deductions on the repaid amount annually if the loan is utilised for house purchase or home renovation and repair. You must thus check the utility of the advance to understand if the property is taxable.

A Loan Against Property (LAP), is a good idea for those looking for sizeable funds at a relatively low interest rate. Those who own a property and are looking for funds urgently can opt for this solution and secure funds easily.

Our Loans Against Property come at attractive interest rates, going up to Rs.5 Cr* or even higher, basis eligibility. Borrowers are free to use the funds to address any financial need they may have, with zero end restrictions*. The repayment tenor can stretch up to 18 years, which is a comfortable time to repay the loan without stretching your monthly budget.

A Loan Against Property is repaid in the form of Equated Monthly Instalments, or EMIs, till the end of your repayment tenor. The repayment of property loan can stretch up to 18 years, and for the ease of planning – can be mapped out using a loan EMI Calculator, at the time of the loan application itself.


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