₹1 Crore Loan Against Property

Taking a ₹1 Crore Loan Against Property (LAP) requires careful planning. To make a suitable decision, it is essential to understand the:

• Repayment amounts across different tenures

• Total interest you will pay

• Lenders offering the most competitive rates 

Using a ₹1 Crore loan against property EMI calculator can help you plan your borrowing more effectively. By calculating your Equated Monthly Instalments (EMIs) in advance, you can ensure a smooth repayment journey.

The length of your loan repayment period plays a crucial role in determining your payments. Opting for a longer tenure will reduce your EMI. However, it leads to a higher total interest paid over time. Finding the right balance is essential for managing your loan effectively.

Here is a table showing the EMI for a ₹1 Crore loan against property at an annual interest rate of 9.50% for various tenures:

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Here is a detailed overview of the repayment structure for a ₹1 Crore loan against property over a tenure of 10 years and an annual interest rate of 9.50%. This will help you understand the financial commitment involved:

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

A 20-year tenure is beneficial as it divides the total payable amount into smaller, more manageable instalments for easier repayment. 

The table below outlines the monthly instalment, total interest, and total payable amount for a 20-year period at an annual interest rate of 9.50%:

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Selecting a 30-year tenure can significantly ease the repayment process by reducing the monthly burden. Check the EMI, total interest, and overall payable amount for a ₹1 Crore loan in the table below:

Disclaimer: The figures mentioned in the above table are indicative. It is imperative to check the actual payable EMIs before applying.

Selecting the right lender is essential for securing favourable loan terms. Explore loans against property options up to ₹1 Crore on Bajaj Markets and compare offers from various lenders:

Disclaimer: The mentioned rates are subject to change at the lender’s discretion. 

To apply for a ₹1 Crore loan against property, you need to meet specific eligibility criteria and provide essential documents. Below is an overview of the eligibility requirements for both salaried and self-employed applicants:

• Your age must be between 21 and 70 years

• You should have a monthly income of at least ₹30,000

• You should have work experience of at least 1 year if you are salaried, and 2 years if you are self-employed

You also need to provide some paperwork for verification:

For Salaried Individuals:

• Identity proof, such as an Aadhaar card, PAN card, Voter ID, Passport, or any government-issued ID

• Address proof, such as Aadhaar card, Voter ID, Passport, utility bill, Ration card, or any government-issued document

• Income proof, including salary slips for the previous 3 months, latest Income Tax Return (ITR), and Form 16

• Documents related to the property you are pledging

For Self-employed Individuals:

• Identity proof, including an Aadhaar card, PAN card, Voter ID, Passport, or any government-issued ID

• Address proof, such as an Aadhaar card, Voter ID, Passport, utility bill, Ration card, or any government-issued document

• Income proof, including bank statements for the last 6 months, audited financial statements of the business, and ITR filed by the business

• Documents related to the property you are pledging