Bajaj vs LIC Loan Against Property, 2026.
Reviewed by Jay Patel· Last reviewed: stale
A ledger-columns read on Bajaj Housing Finance and LIC Housing Finance— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
Bajaj vs LIC — Loan Against Property Comparison
Key parameters compared side by side.
| Parameter | Bajaj | LIC |
|---|---|---|
| Interest Rate (p.a.) | 8.75% – 11% | 9% – 11.25% |
| Processing Fee | 1.00% (max Rs 50,000) | 1.00% (max Rs 50,000) |
| Max Loan Amount | Rs 10 Cr | Rs 5 Cr |
| Max Tenure | 20 Years | 15 Years |
| Bank Type | NBFC | NBFC |
| Founded | 2015 | 1989 |
| Headquarters | Pune | Mumbai |
Interest Rate (p.a.)
Bajaj
8.75% – 11%
LIC
9% – 11.25%
Lower/better: Bajaj
Processing Fee
Bajaj
1.00% (max Rs 50,000)
LIC
1.00% (max Rs 50,000)
Max Loan Amount
Bajaj
Rs 10 Cr
LIC
Rs 5 Cr
Lower/better: Bajaj
Max Tenure
Bajaj
20 Years
LIC
15 Years
Lower/better: Bajaj
Bank Type
Bajaj
NBFC
LIC
NBFC
Founded
Bajaj
2015
LIC
1989
Headquarters
Bajaj
Pune
LIC
Mumbai
Rates as of April 2026. Subject to change based on RBI policy and bank revisions.
EMI Comparison
Estimated EMI for Rs 30 Lakh LAP for 15 years at each bank's lowest rate.
Bajaj
LIC
Savings: Choosing Bajaj saves you approximately ₹445 per month, or ₹80,100 in total interest over the loan tenure.
Feature Comparison
Key features offered by Bajaj and LIC for loan against property.
| Feature | Bajaj | LIC |
|---|---|---|
| Up to 70% LTV | ||
| Flexi loan with OD | ||
| Balance transfer + top-up | ||
| Quick TAT | ||
| Up to 60% LTV | ||
| Overdraft facility | ||
| Quick valuation | ||
| Minimal documentation |
Up to 70% LTV
Flexi loan with OD
Balance transfer + top-up
Quick TAT
Up to 60% LTV
Overdraft facility
Quick valuation
Minimal documentation
Which Is Better — Bajaj or LIC?
It depends on your priorities. Here is a quick guide.
Choose Bajaj If...
- Lower starting interest rate (8.75% vs 9%)
- Higher max loan amount (Rs 10 Cr vs 5 Cr)
- Longer max tenure (20 yrs vs 15 yrs)
- Lower maximum rate (11% vs 11.25%)
Choose LIC If...
- Trusted brand with strong loan against property offerings
Still unsure? Contact Money Matrix Hub for a free personalised recommendation based on your income, credit score, and loan requirement.
Eligibility Comparison
General eligibility criteria for loan against property at both banks.
Bajaj Eligibility
- Property must be free from encumbrance
- CIBIL score: 700+ preferred
- Salaried or self-employed applicants
- Min income: Rs 30,000 per month
- Age: 21–65 years at loan maturity
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
LIC Eligibility
- Property must be free from encumbrance
- CIBIL score: 700+ preferred
- Salaried or self-employed applicants
- Min income: Rs 30,000 per month
- Age: 21–65 years at loan maturity
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Frequently Asked Questions
Common questions about Bajaj vs LIC loan against property.
Which bank has a lower loan against property interest rate in 2026 — Bajaj or LIC?
Bajaj currently offers a lower starting rate of 8.75% p.a. for loan against property. However, the actual rate you receive depends on your credit score, income, and loan amount. Money Matrix Hub can help you get the best negotiated rate from both banks.
What is the maximum loan against property amount I can get from Bajaj vs LIC?
Bajaj offers a higher maximum loan amount of up to Rs 10 Cr. Bajaj offers up to Rs 10 Cr while LIC offers up to Rs 5 Cr for loan against property.
Which bank charges a lower processing fee for loan against property — Bajaj or LIC?
Bajaj charges a processing fee of 1.00% (max Rs 50,000), while LIC charges 1.00% (max Rs 50,000). Processing fees are often negotiable, and Money Matrix Hub can help waive or reduce these charges.
Should I choose Bajaj or LIC for loan against property in 2026?
The best choice depends on your specific needs. Bajaj offers rates from 8.75%–11% with a max tenure of 20 years, while LIC offers 9%–11.25% with 15 years tenure. Contact Money Matrix Hub for a personalised comparison based on your profile.
Can Money Matrix Hub help me apply for a loan against property from both Bajaj and LIC?
Yes. Money Matrix Hub is an authorised DSA partner for both Bajaj and LIC. We can submit parallel applications at no extra cost and help you pick the best sanction offer. Our service is 100% free for borrowers.
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