Age Limit for Home Loan

Applicants should consider the age limit before applying for a Home Loan. This is because your tenure cannot extend beyond your working years, ensuring steady repayment ability throughout the duration of the loan.

With Bajaj Housing Finance, the age limit for Home Loan for salaried applicants is 23 to 67 years**. Further, the Home Loan age limit for self-employed applicants is 23 to 70 years**. Here, **the upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

Apart from age, several other factors affect the Home Loan eligibility criteria, including income, obligations, and credit score, among others. However, age remains a key criterion as it affects your Home Loan tenure.

Your early 20s are typically when you graduate and begin your first job. If you apply for a Home Loan around this time, you may get the advantage of a longer repayment tenure for a comfortable repayment journey.

The minimum Home Loan age limit at Bajaj Housing Finance is 23 years for salaried individuals and 23 years for self-employed. With a flexible tenure of 32 years and a maximum housing loan age limit of 67 years for salaried individuals and 70 years for self-employed, you get can get the time to pay off your EMIs slowly and steadily, basis eligibility. As your earning grows, you can also choose to make partial payments alongside your regular EMI payments to save on your total interest outgo.

*Terms and conditions apply.