Bajaj Finance Loan Against Property
Bajaj Finance, an NBFC established in 1987 and headquartered in Pune, offers a loan against property at a fixed or floating rate of 8% to 14%, with a prepayment penalty of 4.72%. The loan amount goes up to ₹15.5 crore, with tenures of 12 to 180 months. Per the lender's own terms, no foreclosure or part-prepayment charge applies where the borrower is an individual, the rate is floating, and the loan is for non-business use; a documentation charge of up to ₹2,360 applies, and the Flexi facility carries an upfront charge of ₹999 to ₹29,999.
Required documentation includes ID and residence proof, income proof, property documents, business proof for self-employed applicants, and 6 months of bank statements. Processing fee, minimum loan amount, minimum CIBIL score, age, salary, and employment type eligibility criteria, along with RBI registration class, are not published for this product.
At 8%, Bajaj Finance has one of the lowest starting rates of the 18 lenders we track for loans against property.
Documents required
- ID/residence proof
- income proof
- property docs
- business proof(self-employed)
- 6mo bank stmt
As published by Bajaj Finance. Your branch may ask for more.
Eligibility
Loan terms
- no foreclosure/part-prepay if individual+floating+non-business use
- doc charge up to Rs2360
- Flexi facility charge Rs999-29999 upfront
Fees & charges
FAQ
LAP is secured against property, so the rate is lower and the tenure longer than an unsecured personal loan — better when the need is large and long-term. The trade-off is a legal/valuation process and your property as collateral.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.