Loan Against Property Interest Rates and Charges in 2023

The Bajaj Housing Finance Loan Against Property interest rate starts at just 10.10%* p.a. for salaried and professional applicants. Apply today and make the most of a sizeable sanction, a competitive interest rate, and disbursal in as few as 72 hours* from document submission.

When you take a Loan Against Property, you enjoy attractive interest rates and transparent fees and charges. Both salaried and self-employed applicants can make the most of our offerings at the below interest rates.

Salaried Floating Reference Rate: 15.40%*

Interest Rate (Floating) for Salaried Borrowers and Self-Employed Professionals

Loan Type Effective ROI (p.a.)
Fresh LAP 10.10%* to 18.00%*
LAP (Balance Transfer) 10.20%* to 18.00%*

Self-Employed Floating Reference Rate: 15.85%*

Interest Rate (Floating) for Self-Employed Applicants

Loan Type Effective ROI (p.a.)
Fresh LAP 9.75%* to 18.00%*
LAP (Balance Transfer) 9.85%* to 18.00%*

For a complete list of interest rates, please  click here.


  • Bajaj Housing Finance charges an additional rate, called ‘spread,’ over the benchmark rate to arrive at the final lending rate. The spread varies on the basis of various parameters, including the bureau score, profile, segments, and approval from competent authorities, among others.
  • BHFL may grant loan below or above the documented rate of interest (up to 100 basis points) in deserving cases on exceptional basis under the powers of the competent authority, vested with them.
  • The above benchmark rates are subject to change. Bajaj Housing Finance will update the current benchmark rates on this website in the event of a change.


Loan Against Property Processing Fees and Other Charges

Type of Fee Charges Applicable
Processing Fee Up to 7% of the loan amount + GST as applicable
EMI Bounce Charges Up to Rs.10,000* (refer to the table provided below for the full break-up)
Penal Interest 24% per annum in addition to the applicable interest rate on the overdue amount


  • For term loans, charges will be calculated on the outstanding principal amount
  • For flexi interest only/hybrid flexi loans, charges will be calculated on the sanctioned limit
  • For flexi term loans, charges will be calculated on the current dropline limit

Loan Amount (in Rs.) Charges (in Rs.)
Up to Rs. 15 Lakh 500
15,00,001 – 30,00,000 1,000
30,00,001 – 50,00,000 1,500
50,00,001 – 1,00,00,000 2,000
1,00,00,001 – 5,00,00,000 3,000
5,00,00,001 – 10,00,00,000 5,000
More than 10 Crore 10,000

Prepayment and Foreclosure Charges

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

*For purposes other than business

Borrower Type: Non-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-Prepayment Charges 2%* on the Part-Prepayment Amount NIL

*Not including GST

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Loan Against Property Application Process

The Loan Against Property application process is simple and straightforward with Bajaj Housing Finance. Individuals should make sure they meet all eligibility requirements before they go ahead and apply to maximize their chances of approval. Once applicants meet the eligibility criteria for property loans, approval and disbursal will be considerably easier.

  1. Visit our Loan Against Property online application form page
  2. Fill in the required personal details, such as name, employment type, email ID, and mobile number
  3. Enter your income and other financial details
  4. Submit the application form online

A representative from Bajaj Housing Finance will contact you within 24 hours. Make sure to keep the required documents handy before initiating the mortgage loan process to fast-tracked loan processing and improve the chances of approval.


Tips to Avail Property Loan at Low Interest Rates

Here are some of the tips to avail Loan Against Property at a lower rate of interest.

  • Maintain a decent credit score of 750 and above.
  • Try to make enquiries at lending institutions with which you hold deposits or loan accounts and have an established relationship with them.
  • Make sure you disclose all sources of income to show a higher repayment capacity.
  • Compare as many lenders as possible by visiting their websites or physical branches and choose the lowest possible rate with the best repayment terms.
  • Look out for offers and concessions on Loan Against Property, especially during festive seasons.

Factors Affecting Loan Against Property Interest Rates

Factors Affecting Loan Against Property Interest Rates

​​​​Mortgage loan interest rates are influenced by various factors:​​​

  • Credit ​​S​​core: Higher credit scores lead to lower interest rates as it indicates responsible credit behavior.​​​
  • ​​​​Loan ​​A​​mount: Interest rates may vary based on the loan amount, with lower rates for smaller loans.​​​
  • ​​​​Type of ​​P​​roperty: Self-occupied residential properties often receive lower interest rates compared to commercial or non-self-occupied properties.​​​
  • ​​​​Women ​​A​​pplicants: Lenders offer interest rate concessions to women borrowers, making them eligible for lower rates.​​​
  • ​​​​LTV Ratio: Borrowing less than the maximum allowed by Loan to Value Ratio (LTV) reduces interest rates.​​​
  • Income and ​​E​​mployment: Salaried applicants with stable income enjoy lower interest rates, while self-employed or new professionals may face higher rates due to income uncertainty.​​​

Considering these factors can help borrowers secure favorable interest rates for their mortgage loans.​​​


Loan Against Property Interest Rate: FAQs

You can use a Loan Against Property Calculator to compute the total interest payable on the advance for a selected tenor. Access the Bajaj Housing Finance EMI calculator and enter the required details, including the loan amount, the desired tenor, and the interest rate applicable to calculate the amount payable accurately. The EMI calculator also provides you with the EMI payable, the total loan amount, and the amortisation schedule.

Yes, existing Loan Against Property borrowers can benefit from our new interest rates, through our attractive Loan Against Property Balance Transfer options. If borrowers are dissatisfied with their Loan Against Property interest rates, they can consider moving their loan balance to Bajaj Housing Finance and get an interest rate starting from 9.20%* onwards, if they meet the eligibility criteria prescribed for salaried and professional applicants.

Both salaried and self-employed individuals can avail of a property loan from Bajaj Housing Finance, provided they fulfil the necessary eligibility requirements. The criteria you need to fulfil for successful loan approval include age, employment, and city of residence.

Yes, it is possible to apply for a property loan while you are servicing an existing loan. However, to receive hassle-free approval, make sure that your repayment capacity is at par with the new EMI liability as well as the existing EMIs payable.

You can check your credit utilisation ratio and fixed obligation-to-income ratio to better assess your loan eligibility. Check the applicable property loan interest rates for accurate EMI determination and proceed with repayment capacity evaluation.

The CIBIL score is a critical parameter indicating an individual’s creditworthiness and financial habits. It is, thus, ideal to maintain a CIBIL score of 750 or more to secure credit.

Check all eligibility requirements on the dedicated, loan against property eligibility criteria page. Both salaried and self-employed individuals can check their maximum loan amount eligibility with the property loan Eligibility Calculator provided for free. The financial tool is easy to use and requires only a few essential details to display the eligible loan amount.

Eligible salaried, professional and self-employed applicants can avail of a Loan Against Property at attractive rates and repay the total sum over a repayment tenor that can stretch up to a maximum of 17 years. The Loan Against Property tenor is meant to accommodate a relaxed repayment schedule that meets your financial needs.


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