Loan against property up to Rs. 30 Lakh
Be it giving your home a facelift, going on a trip abroad, consolidating your debts or meeting medical emergencies, such expenses require hefty investment. While these are some necessary expenses that a person has, the available finance may not always be sufficient to fulfil the same. Thus, to meet such expenses, you may avail Rs. 30 Lakh loan from Bajaj Finserv.
Loan against property EMIs for loans of Rs. 30 lakh
Please see the table below providing insight into the EMIs applicable under various scenarios. Additionally, our loan against property EMI calculator is available for your convenience to compute EMIs for different loan amounts and tenures.
Condition 1: When the tenure varies for a loan amount of Rs. 30 lakhs availed at an interest rate of 8%* p.a.
| Loan amount | Interest Rate | Tenure | EMI |
| Rs. 30 lakh | 8%* p.a | 5 years | Rs. 60,829 |
| Rs. 30 lakh | 8%* p.a | 10 years | Rs. 36,398 |
| Rs. 30 lakh | 8%* p.a | 15 years | Rs. 28,669 |
| Rs. 30 lakh | 8%* p.a | 20 years | Rs. 25,093 |
| Rs. 30 lakh | 8%* p.a | 25 years | Rs. 23,154 |
| Rs. 30 lakh | 8%* p.a | 30 years | Rs. 22,012 |
Features and benefits of Rs. 30 lakh loan against property
Applicants interested in availing a loan against property can read more to know about the features of the Bajaj Finserv Home Loan.
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Swift approval and disbursal
Get a fast go-ahead on your loan against property application, and receive funds within 72 hours* of approval.
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Doorstep perks
When you apply for a mortgage loan, we facilitate document collection from your home for added ease.
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Flexible tenor
Repay your loan against property over a duration of 15 years.
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Easy balance transfer
Refinance your existing mortgage loan with Bajaj Finserv and enjoy better interest rates. Get additional funds through the top-up facility.
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Flexi benefits
Withdraw from your sanction when needed and prepay the loan as per your convenience. You can also pay with interest only EMIs at the start of the tenor.
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Restriction-free usage
Bajaj Finserv doesn’t impose conditions on how you use the loan. Utilise the funds as per your needs.
Loan against property up to Rs. 30 Lakh
Bajaj Finserv offers up to Rs. 30 lakh through a loan against property. By pledging a high value property, you can also borrow up to Rs. 10.50 crore*, basis eligibility. The interest rates are nominal, and the application process is simple too. Best of all, you can use the funds for various planned or unplanned expenses, as you see fit.
Once you meet eligibility criteria, you can have the documents collected from your home to expedite application. Should you opt to transfer an existing mortgage loan to Bajaj Finserv, you can lower the cost of borrowing owing to low interest rates and also enjoy a high top-up loan without extra documentation.
You can comfortably repay the loan as it offers a long tenor of up to 15 years. To plan repayment better, be sure to use the loan against property calculator.
View the complete list of loan against property interest rates before applying.
Eligibility criteria and documents required for salaried applicants
Our property loan eligibility criteria are uncomplicated, and you only have to submit a few documents to prove your eligibility when you fill the online application form. Following are the documents required from salaried customers.
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Nationality
Resident of India, owning property in the following locations:
Delhi & NCR, Mumbai & MMR, Chennai, Hyderabad, Bangalore, Pune, Ahmedabad -
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
Salaried employee of any private, public, or multinational organization
Eligibility criteria and documents required for self-employed applicants
Our loan against property eligibility criteria is equally simple for self-employed individuals. Following are the documents required from them.
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Nationality
Resident of India, owning property in the following locations:
Bangalore, Indore, Nagpur, Vijayawada, Pune, Chennai, Madurai, Surat, Delhi & NCR, Lucknow, Hyderabad, Cochin, Mumbai, Jaipur, Ahmedabad -
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
Self-employed individual with a consistent income from business
How to Apply for Loan Against Property of up to 30 Lakh
You can get a loan of up to Rs. 30 Lakhs or even higher. To get a loan against property you need to follow these 3 hassle-free steps.
- 1 Fill our short application form online
- 2 Share property-related and personal details
- 3 Provide income information to avail offers
On submission of details, our relationship manager will call and take you through the next steps of getting the loan in your bank account.
*Conditions apply
Loan against property EMI based on amount
| EMI Based on Amount | ||
| Rs. 10 lakh loan | Rs. 25 lakh loan | Rs. 40 lakh loan |
| Rs. 20 lakh loan | Rs. 35 lakh loan | Rs. 60 lakh loan |
Frequently asked questions
The Equated Monthly Installment (EMI) for a Rs. 30 lakh loan against property varies based on the interest rate and tenure. At an interest rate of 8% to 14% and a tenure of 15 years, the EMI can range between approximately Rs. 29,255 to Rs. 49,073.
You can apply for a loan against property of up to Rs. 10.50 crore* with Bajaj Finance.
No, since loans against property are secured loans where the property acts as collateral. Obtaining a Rs. 30 lakh loan against property without collateral might be challenging as lenders often require collateral to mitigate their risk.
To initiate a swift loan against property application with Bajaj Finance, follow these steps:
- Click the 'APPLY' button on this page.
- Enter your pin code and proceed.
- Provide essential details: full name, mobile number.
- Choose loan type, net monthly income, area pin code, desired loan amount.
- Verify your phone number with OTP.
- Enter additional details: property location, current EMI, PAN number.
- Complete by clicking ‘SUBMIT’.
Our representative will assist you further.
Yes, depending on the type of loan you choose. A personal loan can typically be used for multiple purposes such as home renovation, medical expenses, education, or travel. However, specific loans like home loans or auto loans are generally restricted to their designated purposes (i.e., purchasing a house or a vehicle).
Your credit score plays a crucial role in loan eligibility. A higher credit score (generally above 750) increases your chances of getting approved for a loan, as it indicates good financial behaviour. Lenders are more likely to offer better interest rates and terms if your credit score is high. On the other hand, a low credit score might lead to higher interest rates or even rejection of the loan application.
- Interest Rate: Compare interest rates across lenders to ensure you are getting the best deal.
- Tenure: Longer tenures may lower the EMI but will increase the total interest payable.
- Processing Fees: Lenders charge processing fees, so check the costs involved.
- Repayment Capacity: Ensure you can comfortably handle the EMI payments without straining your finances.
- Loan Purpose: Ensure the loan type that you choose aligns with your specific needs, such as personal loans for flexibility or home loans for property purchase.
The loan approval time varies by lender and loan type. Personal loans might get approved within 24-48 hours, while home loans can take a few days to a few weeks, depending on document verification, credit score, and lender processes.
