₹20 Lakh Loan Against Property

To meet a variety of big-ticket expenses, you can consider a loan against property. This type of loan allows you to leverage the value of your property as collateral to secure funds for various needs. This may include business expansion, overseas education, a destination wedding or medical emergencies. 

On Bajaj Markets, you can get a loan of up to ₹20 Lakhs or more against your property with ease. Benefit from competitive interest rates, flexible EMIs, extended tenures, and instant approval on your application. 

To calculate the EMI on a ₹20 Lakh loan against property, you can use online loan calculators for free and make a well-informed borrowing decision. 

The duration of repayment plays a crucial role in determining the final amount you will pay. Choosing a longer tenure can lower your monthly instalments, but keep in mind that it could result in paying more interest over time.

Check out the EMI amount for a ₹20 Lakh Loan Against Property (LAP) for varying tenures at an interest rate of 9.50% p.a.:

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

If you are considering a ₹20 Lakh loan by pledging your property, carefully evaluate the EMI amounts based on the interest rates and loan tenure. Here is a breakdown of a 10-year loan using a ₹20 Lakh LAP EMI calculator:

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 breakdown of the EMI amount, interest, and amount payable for a ₹20 Lakh home loan against property with 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.

Taking a ₹20 Lakh loan against property for 20 years will reduce your monthly EMI compared to a 10-year term. Refer to the table below to understand the repayment structure:

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

A 30-year loan tenure offers a longer repayment period, making the EMIs more manageable. Here is a 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.

Comparing ₹20 Lakh loans against property from various lenders on Bajaj Markets can help you secure competitive interest rates. You can also receive instant approval on your application and select a flexible tenure according to your preferences.

Explore the interest rates that some partner lenders offer on the plaand find the one that aligns with your requirements:

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

Ensure you review the eligibility and document requirements before proceeding with your application. To apply for a loan against property with Bajaj Markets, meet the following eligibility criteria:

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

• Your age should be between 21 and 70 years

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

Once you qualify for loan, submit the following documents to apply:

For Salaried Individuals:

• Address Proof: Aadhaar card, Voter ID, Passport, utility bill, Ration card, or any other government-issued document

• Identity Proof: Aadhaar card, PAN card, Voter ID, Passport, or any other government-issued ID

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

• Property Documents

For Self-employed Individuals:

• Address Proof: Aadhaar card, Voter ID, Passport, utility bill, Ration card, or any other government-issued document

• Identity Proof: Aadhaar card, PAN card, Voter ID, Passport, or any other government-issued ID

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

• Property Documents