Apply for Rs. 10 Lakh Loan Against Property

Bajaj Finserv’s mortgage loan brings 10 Lakh loan to fulfil your additional funding requirement. Get a loan against your property at a competitive interest rate that ensures affordability. You can also apply for a loan of up to Rs. 10.50 crore* by pledging a high-value property. A USP of this loan is that you can use it for various requirements, with no restrictions.

This loan ensures quick and convenient access to funds when you need them, as we transfer the money to your account within 72 hours* of approval. Moreover, the Flexi facility not only makes this loan more versatile but also more cost-effective.

Features and benefits of Rs. 10 lakh loan against property

Applicants interested in availing a loan against property upto 10 lakhs

  • Comfortable tenor

    Comfortable tenor

    Bajaj Finserv offers a comfortable tenor of up to 15 years to salaried and self-employed borrowers respectively.

  • Easy refinancing and ample credit

    Easy refinancing and ample credit

    Transfer your loan to Bajaj Finserv to enjoy a better loan against property interest rates and get a top-up loan.

  • Flexi benefit

    Flexi benefit

    Using our Flexi facility, pay interest-only EMIs at the start of the tenor. Calculate EMIs with the mortgage loan calculator to plan the repayment better.

  • Disbursal in 72 hours*

    Disbursal in 72 hours*

    Get the loan transferred to your bank account within 72 hours* of approval of your application.

  • 24x7 loan access

    24x7 loan access

    Use Experia to view your loan details at any time, from anywhere.

Interest rates and fees for loan against property up to Rs. 10 Lakh

Pay affordable loan against property interest rate and charges at Bajaj Finserv.

Before applying, click here to view the complete list of loan against property interest rates.

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Eligibility criteria and documents required for loan against property up to Rs. 10 Lakh

Our eligibility criteria are minimal, and you only have to submit a few, basic documents to prove that you qualify.

For salaried

  • Nationality

    Nationality

    Resident of India, owning property in the following BFL locations:
    Delhi & NCR, Mumbai & MMR, Chennai, Hyderabad, Bangalore, Pune, Ahmedabad

  • Age

    Age

    You must be between 25 years (18 years for non-financial property owners) to 85 years* (including non-financial property owners)
    * 85 years* of age or less at the time of loan maturity

  • Employment

    Employment

    Salaried employee of any private, public or multinational organization

For self-employed

  • Nationality

    Nationality

    Resident of India, owning property in the following BFL locations:
    Bangalore, Indore, Nagpur, Vijayawada, Pune, Chennai, Madurai, Surat, Delhi & NCR, Lucknow, Hyderabad, Cochin, Mumbai, Jaipur, Ahmedabad

  • Age

    Age

    Minimum age: 25 years * (18 years for non-financial property owners)
    Maximum age: 85 years* (including non-financial property owners)
    *Age of the individual applicant/ co-applicant at the time of loan maturity.
    *Higher age of co-applicant may be considered up to 95 years basis 2nd generation (legal heir) meeting age norms and to be taken as co-applicant on loan structure.

  • Employment

    Employment

    Self-employed individual with a steady income from business

Documents required for loan against property up to Rs 10 Lakh

For salaried individuals**

  • Latest salary slips
  • Bank account statements of the previous 3 months
  • PAN card/ Form 60 of all applicants
  • ID proof
  • Address proof
  • Document of the property to be mortgaged
  • IT returns
  • Title documents

For self-employed individuals**

  • Primary bank account statements of the previous 6 months
  • PAN card/ Form 60 of all applicants
  • Address proof
  • ID proof
  • Income documents like ITR/ financial statements, etc.
  • Documents of the property to be mortgaged
  • Title documents

**Note that this list of documents is indicative. During loan processing, you may have to submit additional documents.

How to apply education loan on property

The application process for the Bajaj Finserv education loan on property is simple:

  1. 1 Apply with our online application form
  2. 2 Enter your personal and property details
  3. 3 Provide your income details for the best loan deal

Once you submit the form, our relationship manager will call you to guide you through the next steps.

*Terms & Conditions apply

Loan against property EMIs for loans of Rs. 10 lakh

Please see the table below, offering a glimpse into EMIs under different scenarios. Additionally, our loan against property EMI calculator can help you easily calculate EMIs for varying loan amounts and tenures.

Condition 1: In the case of varying tenures for a loan amount of Rs. 10 lakh acquired at an interest rate of 8%* per annum.

Loan amount

Interest Rate

Tenure

EMI

Rs. 10 lakh

8%* p.a

5 years

Rs. 20,276

Rs. 10 lakh

8%* p.a

10 years

Rs. 12,132

Rs. 10 lakh

8%* p.a

15 years

Rs. 9,556

Rs. 10 lakh

8%* p.a

20 years

Rs. 8,364

Rs. 10 lakh

8%* p.a

25 years

Rs. 7,718

Rs. 10 lakh

8%* p.a

30 years

Rs. 7,337

Loan Against Property EMI based on amount

Loan Against Property EMI Based On Amount
Rs. 20 lakh loan Rs. 30 lakh loan Rs. 60 lakh loan
Rs. 25 lakh loan Rs. 35 lakh loan Rs. 50 lakh loan

Frequently asked questions

What is the EMI for a Rs. 10 lakh loan against property?

The Equated Monthly Installment (EMI) for a Rs. 10 lakh loan against property depends on factors such as the interest rate and tenure chosen. At an interest rate ranging from 8% to 14% and a tenure of 15 years, the EMI could range from approximately Rs. 9,752 to Rs. 16,542.

How can I get Rs. 10 lakhs immediately?

With a Bajaj Finserv Loan Against Property, you can address your immediate financial requirements by accessing funds of up to Rs. 10.50 crore*, secured against your mortgaged property. Experience swift disbursement, with funds deposited into your bank account within 72 hours* of approval, and sometimes, even sooner.

Who is eligible for a Rs. 10 lakh loan against property?

Our loan against property is accessible to individuals who fulfill the following eligibility criteria:

  • Nationality: Applicants must be Indian citizens residing in India and possess property in a city where we operate.
  • Age: The minimum age requirement is 25 years (18 years for non-financial property owners), while the maximum age limit is 85 years (including non-financial property owners).

*Age of the individual applicant/ co-applicant at the time of loan maturity.
*Higher age of co-applicant may be considered up to 95 years basis 2nd generation (legal heir) meeting age norms and to be taken as co-applicant on loan structure.

  • CIBIL Score: A CIBIL Score of 700 or higher is preferable to secure approval for a loan against property.
  • Occupation: Salaried individuals, self-employed professionals such as doctors, and self-employed non-professionals are eligible to apply.

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