₹10 Lakh Loan Against Property

To fulfil various financial needs, such as funding personal or business expenses, home renovations, or other requirements, you can opt for a Loan Against Property (LAP). Choose a loan amount of up to ₹10 Lakhs by pledging high-value property as collateral.

By reviewing the EMI amounts across different tenures, you can select the best plan for convenient repayment. This allows you to tailor repayment according to your financial situation.

Repayment tenure is a key factor influencing the total amount payable on your loan against property. Opting for a longer tenure can reduce your monthly EMI, but will also lead to higher overall interest payments over the life of the loan. 

The table given below shows the EMI calculation for a ₹10 Lakh loan against property at an interest rate of 9.50% p.a. across various tenures.

You can calculate the monthly EMI amount for the loan using the ₹10 Lakhs LAP EMI calculator. Here is what you may pay as the total interest and overall dues over a 10-year tenure: 

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

Taking a loan against property for a longer tenure, say 15 years, allows you to spread the repayment into manageable EMIs. Below is a detailed breakdown of the dues over a 15-year tenure:

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

Opting for a 20-year loan tenure ensures extended repayment flexibility, making it easier to manage monthly instalments. Here is a comprehensive breakdown of the total borrowing cost for this term:

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

A 30-year tenure for a ₹10 Lakh loan against property provides a very comfortable repayment window, ensuring lower EMIs. Below is the detailed cost breakdown for this tenure:

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

Explore LAP options of up to ₹10 Lakhs from Bajaj Markets. Compare loan terms from various partner lenders and choose a suitable plan. Below is a list of some of the financial institutions and the interest rates they offer:

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

To apply for a loan against property with Bajaj Markets, you need to meet the following criteria to qualify: 

• You must be between 21 and 70 years of age

• You must have a minimum income of ₹30,000 per month

• You must have at least 1 year of work experience if salaried, or 2 years if self-employed

You also need to fulfil the following document requirements:

For Salaried Individuals:

• Identity Proof: Aadhaar card, PAN card, voter ID, passport, or any other government-issued ID

• Address Proof: Aadhaar card, voter ID, passport, utility bill, ration card, or any other government-issued document

• Income Proof: Salary slips for the previous 3 months, latest ITR, and Form 16

• Property Documents

For Self-employed Individuals:

• Identity Proof: Aadhaar card, PAN card, voter ID, passport, or any other government-issued ID

• Address Proof: Aadhaar card, voter ID, passport, utility bill, ration card, or any other government-issued document

• Income Proof: Bank statements for the previous 6 months, audited financial statements of the business, and ITR filed by the business

• Property Documents