Bajaj Housing Finance - 9.85% for Loan Against Property - Loan Against Commercial Property

Bajaj Finserv Loan Against Property Details:

Bajaj Home Finance is one the largest HFC in the country that offers the lowest rates on loan against property.

Currently Bajaj Finserv Loan against Property starting from the 9.85%-10.80% p.a.*  with the quick approval and easy process.

The bank offers the special features and the attractive interest rate for different income and occupation groups.

Interest Rate	9.85%-10.80% p.a.*
Tenure	Up to 30 years
Processing Charges	Up to 1%

 

Bajaj Housing Loan Against Property Interest Rates : LAP Interest Rate for Salaried & Self –Employed Professionals

Credit Score	Interest Rates (p.a.)
	Below Rs 45 lakhs	Rs 45.01 to Rs 75 lakhs	Rs 75.01 to Rs 1.5 lakhs	Above Rs 1.5 lakhs
Below 725	10.60	10.45	10.30	10.25
725 – 749	10.49	10.25	10.10	10.05
750 – 775	10.35	10.20	10.05	10.00
Above 775	10.15	10.05	9.90	9.85

 

LAP Interest Rate for Self –Employed Borrowers

Credit Score	Interest Rates (p.a.)
	Below Rs 30 lakhs	Rs 30.01 to Rs 50 lakhs	Rs 50.01 to Rs 1 crore	Above Rs 1 crore
Below 725	10.70	10.55	10.50	10.40
725 – 749	10.50	10.30	10.20	10.15
750 – 775	10.45	10.25	10.15	10.10
Above 775	10.30	10.15	10.05	9.95

Note: Repo Rate based LAP loans would be charged additional 10bps over the above-mentioned pricing grid

 

Bajaj Finserv loan against property features and benefits:

1. Flexi property loans for salaried as well as self-employed.

2. Salaried can avail the maximum of Rs. 1 Crore Bajaj Finserv loan against property.

3. Self-employed can apply for Bajaj Finserv Loan against Property for up to Rs 3.5 Crore.

4. Bajaj Finserv LAP can be disbursed within 4 days for eligible customers.

5. You can opt for customized LAP schemes such as Flexi loans, flexi Hybrid, line of credit or term loan.

6. Option to sign up for insurance cover for LAP.

7. Bajaj Finserv LAP tenure can range from 2 to 20 for salaried and for up to 18 years for self-employed.

8. Easy balance transfer with minimal documentation and top up option.

 

Bajaj Finserv Loan against Property

Apply:

If you want to get a loan against property from Bajaj Finserv, the process to get the loan is fairly easy.

All you need to do is to apply for a home loan at Apnarupee.com.

We are a channel partner of all top banks in India including HDFC, SBI, Axis Bank, ICICI, etc.

Your loan application will be processed and Bajaj Finserv (Loan against Property) Loans representatives will get in touch to begin the process of getting a home loan.

You will also be assisted by Apnarupee.com housing loan advisor to ensure that all the lending process is smooth, quick and you get the best loan against property from Bajaj Finserv.

You can also do a comparison of Bajaj Finserv Loan against property rates and other charges using the Apnarupee.com comparison tool.

Once you apply online, you can check the real-time status of your loan against property in your customer account section of Apnarupee.com.

 

Factors Affecting Bajaj Finserv Loan against Property Interest Rates:

 

Loan amount: 

Property loan rates in Bajaj Finserv depend upon the loan amount you apply.

 

Your Net Monthly Income: 

Income helps you in identifying your rate of interest. Higher the income, higher will be your repayment capacity increasing your eligibility for higher loan amount.

 

Type of loan opted for: 

Bajaj Finserv offers differential rates for customer’s different profiles and also fixed and floating rate schemes.

Loan against property interest rates may be higher or lower for special loan products.

 

Type of property: 

Typically, loans against prime residential properties are easier to get and can be availed at the lowest rates compared to loans against commercial and industry properties.

 

Your profession: 

Bajaj Finserv may charge a higher interest rate on a mortgage loan to a salaried person than a self-employed professional or a businessman.

A self-employed professional or businessman is expected to deploy loan proceeds for productive purposes in his occupation or

business compared to salaried people who will most likely take a mortgage loan for his personal purposes.

 

Bajaj Finserv Loan Against Property Documents Required:

For Self-Employed:

1. Filled up loan application form

2. 2 Passport Size Photo

3. ITR of last 3 years

4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN

5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport

6. Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and

loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile

 

For Salaried employee:

1. Filled up loan application form

2. 2 Passport Size Photo

3. ITR of last 2 years

4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN

5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport

6. Income Documents – 6 months’ pay slip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit

 

Property documents:

1. Registered Sale Deed/ Conveyance/ Lease Deed

2. Past Sale Deeds Chain (each transaction in respect of this property since first allotment

3. Latest House Tax Return/ Receipt

4. Approved Building Plan from Municipal Corporation

 

Bajaj Finserv Loan against Property Schemes & Offers:

1. Bajaj Finserv Loan Against Commercial/ Residential Property:

1. The loan can be availed against a residential or commercial property.

2. The funds can be used for any of your personal financial needs like business expansion, marriage, education, medical expenses and so on.

3. The property is pledged as mortgage/ collateral by the borrower to the lender.

4. The LAP is offered as a percentage to the current market value of the property.

5. The maximum loan amount can vary up to Rs 3.5 Crore for maximum of 20 years.

 

2. Bajaj Finserv Lease Rental Discounting:

1. The loan is offered against the rental income.

2. If you own a property and get fixed rentals at regular intervals, you can apply for Bajaj Finserv loan against rentals and underlying value of the property.

3. You can apply for the maximum of Rs 10 Crore under this product.

 

3. Bajaj Finserv Flexi Hybrid:

1. Bajaj Finserv Flexi Hybrid Loan against Property offers you interest saving and flexible repayment option.

2. You can borrow as and when you like.

3. Interest is applicable on utilized amount only.

4. You can also opt for interest-only EMIs.

 

4. Bajaj Finserv Line of Credit

1. A line of Credit is a facility where you are offered a "credit limit" during the pre-determined term of the facility.

2. Interest savings are maximized as you pay interest for utilized amount only.

3. You also get flexibility to transact (prepay and drawdown) in your loan account as per your fund requirements.

4. The monthly instalment for Line of Credit consist only of the interest amount.

5. There is no limit to the number of pre-payments that can be made.

6. The principal amount of loan is to be repaid at the end of the tenure of the facility.

 

5. Bajaj Finserv Loan Against Property to Doctors:

1. Exclusive pre-approved loan against property scheme for Doctors.

2. Max loan amount for up to Rs 2 Crore.

3. LAP tenure can range up to 18 years.

4. Fast turnaround time, i.e. within 24 hours after submission of documents.

5. Balance transfer & flexi loan facility are available.

6. Can opt for customized insurance plans.

 

6. Bajaj Finserv Loan Against Property for Chartered Accountants

1. Exclusive product for Chartered Accountants.

2. Maximum Loan Amount up to 2 Crore.

3. Loan Approval Timeline: Loan approved within 24 hours

4. Flexi Loan Facility available.

5. Choose tenure ranging from 12 to 240 months.

6. Customized loan insurance plans available.

 

Frequently Asked Questions:

 

Q. For which purpose can I use Bajaj Finserv Loan against Property?

Ans. You can use Bajaj Finserv LAP for personal or business needs such as:

1. Business purpose: Business operations, expansions, purchase of raw materials and investments.

2. Personal use: Consolidation of existing debts, funding education, marriage, travel or medical contingencies.

 

Q. How does Bajaj Finserv calculate eligibility for Loan against Property?

 Ans. Bajaj Finserv considers following factors to calculate applicant's eligibility for Loan against Property:

1. Income

2. Age

3. Value of the mortgaged property

4. Existing obligations - loans, credit cards, and others

5. Business/ job stability

6. Location of residence & mortgaged property

7. Track record of past borrowing

8. Credit score

 

Q. What is the maximum repayment tenure for Bajaj Finserv Loan against Property?

Ans. The maximum repayment tenure can go up to 20 years, depending on the loan and applicant type.

 

Q. How can I reduce my Bajaj Finserv Loan against Property EMI?

Ans. You can reduce the EMI amount by:

1. Opting for a longer tenure

2. Availing small loan amount

3. Getting a low interest rate deal or discount or offer

 

Q. What are the documents required to apply for Bajaj Finserv Loan against property?

Ans. Three types of documents required to apply for Bajaj Finserv loan against property - KYC documents, financial documents and property documents

1. KYC Documents- photo identity proof, residence address proof, office address proof, to meet these requirements a borrower can provide Aadhaar Card, PAN Card, shop and establishment certificate etc.

2. Financial document for self-employed borrowers- Audited report, ITR, Balance sheet for latest 3 financial years, banks statements of all the accounts for last 1 year, business profile etc.
Financial document for salaried borrowers – latest 3 month’s salary slips, latest 2 years ITR, bank statement of salary account for 1 years and details of all the loans.

3. Copy of property documents

 

Bajaj Finserv Loan against Property News - March 2023:

 

2022-01-19:  Bajaj Finance Q3 Net up 84% on income growth.

Bajaj Finance has reported an 84% year-on-year. Jump in third quarter standalone net profit.

The growth has been seen on the back of healthy growth in the net interest income, fees and commission’s income and operating income.

 

2021-10-27: Bajaj Finance Posted a net profit of 53.5%.

Lending the non-banking financial company has reported a net profit of 53.5% to Rs. 1481 crore in the second quarter ending the September 30, 2021