Bajaj Finserv Loan Against Property Details

LAP loan amount

Salaried: Up to 1 crore

Self-employed: Up to 3.5 Crore

Interest rate8.25% to 18 % p.a
Loan tenure2 to 20 years
LTV %75% to 90%
Processing feeUp to 6%
Part Prepayment0-2%
Foreclosure charge4% of prepaid amount

Bajaj Finserv Loan Against Property Features & Benefits

  • Flexi property loans for salaried as well as self-employed.
  • Salaried can avail the maximum of Rs. 1 Crore Bajaj Finserv loan against property.
  • Self-employed can apply for Bajaj Finserv Loan Against Property for up to Rs 3.5 Crore.
  • Bajaj Finserv LAP can be disbursed within 4 days for eligible customers.
  • The property loan can be borrowed against commercial, residential and industrial units.
  • You can opt for customised LAP schemes such as Flexi loans, flexi Hybrid, line of credit or term loan.
  • Option to sign up for insurance cover for LAP.
  • Bajaj Finserv LAP tenure can range from 2 to 20 for salaried and for up to 18 years for self-employed.
  • Easy balance transfer with minimal documentation and top up option.
  • Access to Bajaj Finserv customer portal “Experia” for online account management.

Also Read - 5 Steps to Choose the Ideal Lender for Loan Against Property

Bajaj Finserv Loan Against Property Interest Rates

Loan Against Property Interest Rates on Floating Basis
Salaried Borrowers8.25% to 15.00%
Self Employed8.50% to 18.00%

 Also Read - Best Loan Against Property Interest Rates in India

Bajaj Finserv Loan Against Property: Fees and Charges

Fee TypeApplicable Charge
Processing Fees1 to 6%
Charges for EMI BounceUp to Rs 3,000
Mortgage Origination Fees (one-time)Up to 4,999
Penal InterestUp to 2% per month
Loan StatementNIL
Interest & Principal StatementNIL
Mortgage EMI bounceUp to Rs 3000
Outstation Collection Charges65 per repayment instrument
Foreclosure Charges

Floating loans: Nil

Fixed Loans: 4%

Pre-payment Charges

Floating loans:Nil

Fixed Term Loans: 2 %

Flexi & Flexi Hybrid: NA

 Also Read - Can I Apply for a Loan Against Property without ITR?

Bajaj Finserv Loan Against Property Eligibility Criteria

Salaried individuals, self-employed business owners and self-employed professionals including Doctors, Chartered Accountant can apply for Bajaj Finserv Loan Against Property. Primarily, following eligible criteria will apply.


1. Applicant should be an Indian Resident.

2. Age criteria for application: 28 to 60 years

3. The applicant should be employed with a private, public or MNC with a minimum of 3 years of work experience.

4. LAP Tenure: 2 to 20 years

5. Max Loan Amount: Up to 1 crore


1. Applicant should be an Indian Resident.

2. Age criteria for application: 25 to 70 years

3. The applicant should have a valid and acceptable proof of income.

4. LAP Tenure: Up to 18 years

5. Max Loan Amount: Up to 3.5 crore

The self-employed applicants can apply Bajaj LAP on following locations-

Delhi NCR, Mumbai, Thane, Pune, Aurangabad, Surat, Ahmedabad, Indore, Kolkata, Udaipur, Hyderabad, Chennai, Vizag, Bangalore and Cochin.


Chartered Accountants

1. The applicant must have an active Certificate of Practice (CoP) for a minimum of 4 years.

2. The applicant must own a house/ office at one of the Bajaj Finserv approved locations.


1. The doctor should a resident Indian citizen and the minimum age for application should be 26 years.

2. The applicant should hold a recognized medical practitioner’s degree in Homoeopathy, Ayurveda, Dentistry and others.

3. The applicant should have a relevant number of working experience:


Work experience

(Minimum years post qualification)

Super Specialist Doctors (MD/MS/DM)3 years
Graduate Doctors (MBBS)3 years
Dentists (MDS/BDS)5 years
Homeopathic  and Ayurvedic  Doctors (BAMS/BHMS)6 years, must own a house
Homeopathic Doctors (DHMS)15 years, must own a clinic

 Also Read - 7 Factors That Affect Loan Against Property Eligibility

Bajaj Finserv Loan Against Property Schemes & Offers

Bajaj Finserv Loan Against Commercial/ Residential Property:

  • The loan can be availed against a residential or commercial property.
  • The funds can be used for any of your personal financial needs like business expansion, marriage, education, medical expenses and so on.
  • The property is pledged as mortgage/ collateral by the borrower to the lender.
  • The LAP is offered as a percentage to the current market value of the property.
  • The maximum loan amount can vary up to Rs 3.5 Crore for maximum of 20 years.

Bajaj Finserv Lease Rental Discounting:

  • The loan is offered against the rental income.
  • 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.
  • You can apply for the maximum of Rs 10 Crore under this product.

Bajaj Finserv Flexi Hybrid:

  • Bajaj Finserv Flexi Hybrid Loan Against Property offers you interest saving and flexible repayment option.
  • You can borrow as and when you like.
  • Interest is applicable on utilised amount only.
  • You can also opt for interest-only EMIs.

Bajaj Finserv Line of Credit

  • A line of Credit is a facility where you are offered a "credit limit" during the pre-determined term of the facility.
  • Interest savings are maximised as you pay interest for utilised amount only.
  • You also get flexibility to transact (prepay and drawdown) in your loan account as per your fund requirements.
  • The monthly instalment for Line of Credit consist only of the interest amount.
  • There is no limit to the number of pre-payments that can be made.
  • The principal amount of loan is to be repaid at the end of the tenure of the facility.

Bajaj Finserv Loan Against Property to Doctors:

  • Exclusive pre-approved loan against property scheme for Doctors.
  • Max loan amount for up to Rs 2 Crore.
  • LAP tenure can range up to 18 years.
  • Fast turnaround time, i.e. within 24 hours after submission of documents.
  • Balance transfer & flexi loan facility are available.
  • Can opt for customised insurance plans.

Bajaj Finserv Loan Against Property for Chartered Accountants

  • Exclusive product for Chartered Accountants.
  • Maximum Loan Amount up to 2 Crore.
  • Loan Approval Timeline: Loan approved within 24 hours
  • Flexi Loan Facility available.
  • Choose tenure ranging from 12 to 240 months.
  • Customised loan insurance plans available.

Additional Info: How to get Bajaj Finserv Home Loan

Documents Required for Bajaj Finserv Loan Against Property

Salaried individuals, self-employed professionals and business owners are required to submit following documentation:

Documents for Salaried

  • Address proof
  • PAN/ Aadhaar card
  • Latest salary slips
  • Last 3 month bank account statements
  • Copy of documents for property to be mortgaged
  • Income tax returns
  • Application form
  • Proof of signature
  • Proof of identity  (any one): Driving License/ Voter's ID card/ NREGA issued job card/ Aadhaar card/ PAN card
  • Recent passport size photograph

Documents for Self-employed:

  • Address proof
  • PAN/ Aadhaar card
  • Last 6 months' bank account statements
  • Copy of documents for property to be mortgaged
  • Application form
  • Proof of signature
  • Recent passport size photograph of applicant, Director/ Partner
  • Business proof: MOA/AOA, certificate of incorporation, partnership deed, lease deed/leave & license agreement
  • Proof of identity  (any one): Driving License/ Voter's ID card/ Aadhaar card/ PAN card
  • Last 2 years' income tax returns, balance sheet and P&L account statements

Documents required from Chartered Accountants

  • KYC documents
  • COP certificate
  • Income tax returns for the last 2 years
  • Balance sheet for the last 2 years
  • Profit & Loss statement for the last 2 years
  • Mortgage documents

Documentation required from Doctors

  • KYC Documents including identity proof and address proof.
  • Medical Registration Certificate
  • returns for the last 2 years
  • Balance sheet for the last 2 years
  • Profit & Loss statement for the last 2 years
  • Copy of the papers of the property that is to be mortgage

How to Calculate EMI for Bajaj Finserv Loan Against Property

You can conveniently calculate EMI for Bajaj Finserv LAP with the help of free Loan Against Property EMI Calculator. All you need to do is click on the EMI Calculator tab under Financial Tools and enter following three parameters to get the result:

•       Loan amount

•       Loan tenure (in months or years)

•       Interest Rate

You can make an informed LAP decision using the calculator.

Additional Reading: How to calculate credit score?

Compare Bajaj Finserv Loan Against Property Interest Rates with other lenders

Bank/HFCLowest Interest RateMax Processing Fee
Bajaj Finserv LAP8.25%2.00%
SBI Loan Against Property8.05%0.50%
HDFC Loan Against Property8.75%0.75%
Tata Capital LAP10.5%2.00%
PNB Housing LAP8.75%0.75%
Kotak Bank LAP9.50%1.00

Additional Reading: How to check free cibil score?

Bajaj Finserv Customer Care Details

Reach out Bajaj Finserv through call or internet banking.

Call customer Helpline on


020 3957 5152

Give a missed call at:


SMS at: +91-9227564444

E-mail: wecare@bajajfinserv.in     

Corporate Office:

6th floor,

Bajaj Finserv corporate Office

Off Pune- Ahmednagar Road

Viman Nagar

Pune- 411014

Also Check: Bajaj Finserv Cibil Score

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Pre-Approved Loan Against Property @8.75% p.a 

Up to Rs. 5 Crore loan against property can be availed by Salaried and self-employed applicants online as well as offline. The LAP can be used for applied for business expansion, long term working capital, debt consolidation, equipment purchase, medical exigency, education/ marriage of children, holiday and much more. Higher loan amounts are available for select customers.

Bajaj Finserv LAP FAQs

✅For which purpose can I use Bajaj Finserv Loan Against Property?


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

  • Business purpose: Business operations, expansions, purchase of raw materials and investments.
  • Personal use: Consolidation of existing debts, funding education, marriage, travel or medical contingencies.

✅How does Bajaj Finserv calculate eligibility for Loan Against Property?


Bajaj Finserv considers following factors to calculate applicant's eligibility for Loan Against Property:

  • Income
  • Age
  • Value of the mortgaged property
  • Existing obligations - loans, credit cards, and others
  • Business/ job stability
  • Location of residence & mortgaged property
  • Track record of past borrowing
  • Credit score

✅Is it mandatory to insure my property before availing Bajaj Finserv LAP?


Yes, the property to be mortgaged has to be insured against fire and other calamities during the loan tenure. Bajaj Finserv will ask for the proof of insurance every year or when required.

✅Is any property eligible for Bajaj Finserv LAP?


Any residential or commercial property (location in the cities mentioned by Bajaj Finserv) is eligible for a LAP, provided title of property is also clear. There should not be any ongoing litigation or attached mortgage.

✅Are all co-owners are co-applicants for loan?


Yes, all the co-owners of the property are considered as co-applicants for LAP.

✅Against which types of property I can avail a loan from Bajaj Finserv?


Bajaj Finserv offers loan against following property types:

  • Self-occupied residential property
  • Shared property
  • Rented residential or commercial property
  • Vacant residential or commercial property
  • Plot 
  • Property having tenants for 5 years or above 
  • Property outside municipality limit/ city
  • Property with any structural flaw requiring substantial repairs
  • Property which is constructed on an agricultural land or farm land
  • Property that is already mortgaged with any other lender
  • Illegal property
  • Residential property being used for commercial purposes
  • Under construction property 
  • Industrial property 
  • Hotel
  • School or hostel

✅What is the maximum repayment tenure for Bajaj Finserv Loan Against Property?


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

✅Can I get Bajaj Fiserv Loan Against Property for all locations?


No. The loan can only be availed by the applicants residing or having property in the locations specified by Bajaj Finserv.

✅Does Bajaj Finserv provide prepayment facility?


Yes, you can opt for loan prepayment in part or full after one month of loan disbursal. Currently there are no charges for loans on floating basis. However up to 2% charge is applicable for repayment of fixed interest rate LAPs.

✅How can I reduce my Bajaj Finserv Loan Against Property EMI?


You can reduce the EMI amount by:

  • Opting for a longer tenure
  • Availing small loan amount
  • Getting a low interest rate deal or discount or offer.