Factors deciding loan amount for loan against property
The loan amount you can avail with a loan against property depends on factors such as:
- The current market value of the property you pledge as collateral
- The lender’s LTV ratio (Loan to value ratio), which is the amount of loan/Appraised value of property.
- Your eligibility as per the lender’s parameters for the loan
Up to Rs. 10.50 Crore* as a self-employed individual and salaried borrower.
Our loan to value ratio is also high, up to 80%, so you can get ample funds with a property loan and finance a range of big-ticket expenses such as a wedding, higher education, another property purchase, medical treatment, and more.
Apply for a Bajaj Finserv Loan Against Property to enjoy a high loan amount and meet your long-pending big-budget plans or emergency financing requirements. Use the mortgage calculator to estimate the fixed monthly obligation as EMI and plan your finances accordingly.Use our free online mortgage calculator to estimate your EMI and plan your finances accordingly.
Frequently asked questions
You can get a loan of up to Rs. 10.50 crore* when you apply for a loan against property from Bajaj Finance.
The loan amount against property is typically determined based on the property's market value, the borrower's repayment capacity, and the lender's loan-to-value (LTV) ratio. LTV is the percentage of the property's value that the lender is willing to finance. The borrower's income, creditworthiness, and other financial factors also influence the final loan amount.
Yes, the purpose of the loan can influence the loan amount against property. Lenders may have different policies for loans used for residential or commercial purposes. While residential loans may have higher LTV ratios, commercial property loans might have lower ratios. The type of property (self-occupied, rented, or vacant land) and the borrower's intended use (home purchase, business expansion, etc.) can affect the sanctioned loan amount.
