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A Home Loan from Bajaj Housing Finance makes your goal of owning a home easier than ever. You can get a Home Loan of Rs.5 Crore* or more depending on your eligibility. We offer attractive interest rates starting from 8.50%* p.a for salaried applicants. With EMIs as low as Rs.733/Lakh* and a flexible repayment tenor extending to 40 years, you can repay the loan at your own pace.
Our housing loans come with several other benefits. You can apply for a Home Loan online and expect disbursal within just 48 Hours*. If you have an existing housing loan, you can opt for a balance transfer to enjoy lower interest rates and a Top-up Loan of Rs.1 Crore* or higher. You can also avail of several tax benefits under the old tax regime with a Home Loan in India.
Competitive Interest Rate of 8.50%* p.a.
Make the most of our attractive housing loan interest rate today. At 8.50%* p.a., salaried applicants can benefit from Home Loan EMIs as low as Rs.733/Lakh*.
Repayment Tenor of 40 Years
Opt for a longer tenor to manage your EMI repayment better. Choose a tenor of up to 40 years and repay your loan amount at your comfort.
External Benchmark Linked Loans
You can link your housing loan interest rate to an external benchmark such as a Repo Rate.
Loan Amount of Rs.5 Crore*
Don’t let the sanction amount be an issue when purchasing your dream home. Avail of a sizeable Home Loan of Rs.5 Crore* or even higher, depending on your eligibility.
Disbursal in 48 Hours*
Home Loan applicants can expect to disbursal within 48 Hours*, following the approval of their application and documentation verification.
Online Tools for Better Decision-Making
To help borrowers and applicants, we offer tools like the EMI calculator and the eligibility calculator. Use them to plan your Home Loan repayments and applications.
Home Loan Balance Transfer
Borrowers with an existing Home Loan can make the most of our features and benefits by transferring the balance amount to us. Interest rates start as low as 8.70%* p.a. for salaried applicants.
Hassle-Free Application
Enjoy a truly hassle-free experience with our Home Loan application process. Skip the branch visits and opt for our doorstep document pick-up service.
6,000+ Approved Projects
Choose a property from our list of 6,000+ approved projects and enjoy the best borrowing terms, along with quick and hassle-free processing.
Top-up Loan of Rs.1 Crore*
With a Home Loan Balance Transfer, you will benefit from reduced interest rates and a Top-up Loan of Rs.1 Crore* or more, basis eligibility.
Customised Repayment Options
If you have taken a Home Loan for an under-construction property, you can pay only a part of your EMIs initially, with our customised repayment options.
Online Account Management
For a seamless borrowing experience, we provide real-time access to loan details and related documents. Check these details on the Bajaj Housing Finance Customer Portal.
It is important to check the Home Loan eligibility criteria, so you can maximise your chances of getting a Home Loan. Our criteria vary on the basis of the applicant’s employment type. Interested in applying for a Home Loan online? Check out the following eligibility criteria:
| Eligibility Parameters | Salaried | Self-Employed | Self-Employed Professionals |
|---|---|---|---|
|
Nationality |
Indian (including NRIs) |
Indian (resident only) |
Indian (resident only) |
|
Employment |
Minimum 3 years of work experience in a public or private sector company, or an MNC |
Minimum 5 years of vintage in the current enterprise |
Minimum 3 years of vintage in the current enterprise |
|
Age |
23 to 75 years** |
25 to 70 years** |
25 to 70 years** |
**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit is subject to change, depending on the property profile.
To complete your Home Loan application, you will need to submit supporting documents for the personal, employment, income, and financial information you have mentioned on the form. The following is a checklist of the documents you must produce:
|
Mandatory Documents |
PAN Card or Form 60 |
|
KYC Documents |
Recent photograph, Voter ID Card, Aadhaar Card, valid Passport, valid Driving License |
|
Proof of Income |
3 months’ salary slips (for salaried and salaried professional applicants), P&L Statement (for self-employed applicants), ITR (for self-employed applicants), and Statements of your primary account for the last 6 months (for all applicants) |
|
Business Proof |
Proof of business vintage of 5 years or more (for self-employed and non-professional applicants) |
|
Education Qualifications |
MBBS and above (self-employed professionals- doctors) and valid COP (self-employed professionals- Chartered Accountants) |
|
Property-related Documents |
Title Deed, Allotment Letter, and Property Tax receipts |
Note: Additional documents may be required at the time of loan processing.
|
Processing Fee |
Up to 4% of the loan amount + GST as applicable |
| Loan Amount | Charges |
|---|---|
|
Up to Rs.15 Lakh to Up to Rs.30 Lakh |
Rs.500 |
|
More than Rs.30 Lakh and up to Rs.1 Crore |
Rs.1000 |
|
More than Rs.1 Crore and up to Rs.5 Crore |
Rs.3,000 |
|
More than Rs.10 Crore |
Rs.10,000 |
Individuals with Home Loans linked to floating interest rates pay no additional charges on the prepayment or foreclosure of the housing loan amount. However, this may change for individual and non-individual borrowers who have loans for business purposes.
For individual and non-individual borrowers with floating interest rate loans for non-business purposes:
| Borrower Type: Individual | Term Loan | Flexi Term Loan |
|---|---|---|
|
Foreclosure Charges |
Nil |
Nil |
|
Part-Prepayment Charges |
Nil |
Nil |
| Borrower Type: Non-Individual | Term Loan | Flexi Term Loan |
|---|---|---|
|
Foreclosure Charges |
4%* on Principal Outstanding |
4%* on the Sanctioned Amount during the Flexi Interest Only Loan Repayment Tenor; and 4%* on the available Flexi Loan Limit during the Flexi Term Loan Tenor |
|
Part-Prepayment Charges |
2%* on the Part-Prepayment Amount |
Nil |
*GST as applicable will be payable by the borrower in addition to the prepayment charges, if any.
**Nil for Home Loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution.
Note: In the case of dual-rate Home Loans (fixed for the initial period and then floating), the foreclosure/part-prepayment charges will be applicable as per the status of the loan as on the foreclosure/part-prepayment date.
The following loans shall be classified as loans for business purposes:
Lease Rental Discounting Loans
Loans Against any Property availed for business purposes, i.e., working capital, debt consolidation, repayment of business loan, expansion of business, acquisition of business assets or any similar end usage of funds
Loan for purchase of non-residential properties
Loan against security of non-residential properties
Top-up Loans for business purposes, i.e., working capital, debt consolidation, repayment of business loan, expansion of business, acquisition of business assets or any similar end usage of funds
Do’s
Before you begin your Home Loan application, make sure to assess your eligibility for a Home Loan.
Improve your credit score if needed, as a high score can help you secure favourable terms and conditions.
Review and keep the required documents ready before initiating your Home Loan application.
Don’ts
Avoid submitting multiple loan and credit card applications before applying for a Home Loan.
Avoid missing your scheduled EMIs or credit card payments.
Avoid providing inaccurate information in your application form.
You can increase your chances of getting a housing loan by taking the following steps:
Maintain a good credit score: A high credit score can be an important factor in getting a Home Loan approved. However, if you have a low credit score, work towards improving your credit score by paying off your debts on time, reducing your credit utilisation ratio, and correcting any errors in your credit report.
Save for a down payment: Having a significant down payment reduces the loan amount, which can increase your chances of loan approval. Aim to save at least 10% to 30% of the property value as a down payment so that you can comfortably pay your Home Loan EMIs on the rest of the amount.
Provide all necessary documents: To apply for a housing loan, you need to provide several documents, such as identity proof, address proof, income proof, property documents, and bank statements. Make sure you have all the required documents ready and provide accurate information.
Add a financial co-applicant: If your income is not sufficient to meet the eligibility criteria, you can add a co-applicant, such as your spouse, parent, or sibling, who has a stable income and a good credit score.
Avoid applying for multiple loans at once: Applying for multiple loans at the same time can affect your credit score negatively and reduce your chances of Home Loan approval. So, apply for a Home Loan only when you need it.