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Home Loan Starting 6.75%*


Home Loan

Bajaj Housing Finance offers high-value home loans starting at only 6.75%* for salaried individuals and 8.50%* for self-employed individuals. With flexible repayment options, relaxed eligibility criteria, minimum documentation requirements, and doorstep service, our home loan offering focuses on making it affordable for everyone to purchase a home.

What’s more, we believe in complete transparency. When you avail of a home loan with Bajaj Housing Finance, you are aware of how much you need to pay, when, and for what. Trust us to be your partner in the journey to your dream home.

Home Loan:  Features and Benefits

Bajaj Housing Finance home loans are designed to fulfil all your mortgage financing needs. Get a high-value housing loan at an attractive interest rate, with several other benefits that not only make buying a home affordable but also simple and hassle-free.

  • Easy Balance Transfer Facility

    Switch your home loan from your existing lender to Bajaj Housing Finance Limited and enjoy attractive interest rates and better terms. Meet our simple eligibility criteria and submit your basic documents to ensure faster processing. 

  • Sizeable Top-up Amount

    Transfer your home loan to Bajaj Housing Finance for a sizeable top-up that comes free of end-use restrictions. You can use the amount to fund your child’s education or buy a new car, whatever be your financial need.

  • Interest Subsidy Under PMAY

    When you apply through a Primary Lending Institution (PLI) registered with the Central Nodal Agency (CNA), such as Bajaj Housing Finance Limited, you can get a subsidy on the rate of interest on your home loan.

  • Property Search Services

    Bajaj Housing Finance offers expert counselling to help you make the best home buying decision. From helping you find the right property to getting the legalities in order, we will help you every step of the way.

  • Part-Prepayment and Foreclosure Facility

    No part-prepayment and foreclosure charges are applicable on your home loan if you are an individual buyer.

  • Flexible Repayment Tenor

    A home loan can often be a long-term commitment, which is why it is important that you are given the option to repay at your pace. With a tenor of up to 30 years, Bajaj Housing Finance offers you the option of flexible repayment.

  • Minimal Documentation

    Our minimal documentation requirements take the stress out of transferring your home loan. Enjoy easy application with maximum convenience when you apply with Bajaj Housing Finance.

  • Online Account Management

    Our online customer portal ensures convenience; access the details of your Home Loan account online anytime, anywhere.

  • Online Home Loan Calculators

    Use our simple and reliable calculators to know more about your home loan eligibility, approximate EMI amount, and the benefits of transferring the rest of your home loan to Bajaj Housing Finance.

  • Integrated Branch Network

    Our pan-India network of branches with integrated systems makes it easy for you to get assistance with your property search as well as your home loan application.

    With attractive home loan interest rates and a host of benefits to suit your finances, Bajaj Housing Finance Limited home loans are designed to help you get your dream home with ease and comfort. To enjoy benefits such as easy balance transfer, high-value top-up loan, hassle-free processing, and more apply for a home loan with Bajaj Housing Finance today. 

Note: The PMAY subsidy scheme has been not extended by the regulatory authority for MIG I and II categories. Please check the category-wise scheme validity below.

1. EWS and LIG categories are valid up to 31 March 2022

2. MIG I and MIG II categories were valid up to 31 March 2021

Calculate Home Loan EMI


Loan Amount


Rate of Interest


Loan EMI


Total Interest Payable

Rs. 10,15,990

Total Payment (Principal + Interest)

Rs. 50,51,552


Total Interest


Principal Amount

What is Bajaj Housing Finance’s Home Loan Eligibility Criteria?

It is important you review all eligibility criteria before you apply for a home loan. At Bajaj Housing Finance, the eligibility criteria are simple and straightforward. Note that meeting all parameters in the criteria improves the chances of loan approval and makes processing hassle-free.

Eligibility Parameters Criteria to Fulfil
Borrower’s employment profile
  • Salaried
  • Self-employed
  • 23 to 62 years For Salaried Applicants
  • 25 and 70 years For self-employed applicants
Residential status and citizenship
  • Residing citizen of India
Employment/occupation stability
  • Minimum 3 years of work experience for salaried applicants
  • A vintage of 5 years or more in the current busines for self-employed individuals.
Maximum loan amount available
  • For salaried applicants up to Rs.3 crore
  • For self-employed applicants up to Rs.5 crore

Documents Required for a Home Loan Application

Category Documents
Identity Proof PAN Card, Driving Licence, Voter ID, Valid Passport
Address Proof Electricity Bill/Water Bill/Telephone Bill, Valid Passport, Aadhar Card, Voter ID, Driving License
Other Documents Passport size photo
Documents for proof of 5 year of business continuity (for self-employed)
Other income related documents, such as ITR

How to Apply for a Home Loan

Here’s how salaried and self-employed individuals can apply for a home loan with Bajaj Housing Finance.

Step 1: Visit our official page and enter your name, contact number, employment information, and residential pin code to generate OTP.

Step 2: Use our home loan eligibility calculator to check your eligibility for your desired loan amount and use the home loan EMI calculator to arrive at an affordable loan amount and convenient repayment tenor.

Step 3: Fill in all personal, financial, and employment details in the online application form, along with detailed information about the property you wish to purchase.

Step 4: You will then be asked to pay a minimum security fee, after which a Relationship Officer from Bajaj Housing Finance will contact you to proceed with the remaining formalities

Step 5: Upload all the necessary documents via our online portal.

In case you do not wish to apply online, we also accept applications via the SMS facility.

Types of Home Loans

Borrowers can select from the different types of home loans available to suit their residential property purchase needs.

Home Construction Loans These loans are used to fund a residential property undergoing construction.
Joint Home Loans Individuals with limited income and repayment capacity can also avail of a high-value joint home loan to purchase a residential property of their choice. A co-applicant under a joint housing advance can be a parent, spouse, sibling, son, or daughter. Under a joint housing advance, home loan tax exemptions are available to both co-borrowers.
Balance Transfer Home Loans Existing home loan borrowers can transfer the balance on their existing loan to a new lender for better lending terms.

The Home Loan Balance Transfer offering by Bajaj Housing Finance comes with the option of a sizeable top-up amount and other attractive features. Borrowers can utilise the top-up advance to fulfil diverse funding needs as it comes with zero end-use restriction.
Pre-approved Home Loans Bajaj Housing Finance provides pre-approved home loans to existing customers to simplify loan processing. The advance is provided according to the customer’s credit profile, and the pre-approved offer can be accessed only with minimum personal details, such as name and contact number.

Other home loan types available include housing loans for women, government employees, private employees, bank employees, etc.
Home Purchase Loan Avail of a housing loan to finance the purchase of a new house with Bajaj Housing Finance. The advance comes with attractive features and is sanctioned on fresh terms of lending.
Home Renovation Loans Borrowers can also avail of a housing loan to meet renovation expenses or the cost of constructing the extension for an existing house property.


Things to Consider Before Buying a Home

House purchase is a critical decision with sizable financial implications, both when self-financing such purchase and when availing a housing loan for property purchase.

  • Property Size and Location

Make sure the size and location of the property meet your family’s requirements. Base your selection on the space available in measurement units such as sq. ft. as well as accommodations, such as the number of bedrooms.

The location of the property is another significant aspect of consideration. Check the availability of social infrastructure, such as hospitals, shopping areas, and educational institutions, when deciding a property’s location. These factors also typically determine the market price of a property.

  • RERA Compliance and Encumbrance-Free Title

House purchase is a critical decision with sizeable financial implications, both when self-financing such a purchase and availing of a housing loan for property purchase. Thus, it is imperative you pick a property free of any legal liabilities.

  • Affordability

Choose a property affordable for you to ensure comfortable repayment. Bajaj Housing Finance provides high-value home loans at attractive rates to make financing a house purchase affordable. Existing borrowers can also opt for a home loan balance transfer to refinance their outstanding loan amount and avail of a top-up amount.

  • Property Aesthetics

While buying a home, pay attention to important property aesthetics, such as sustainable design, view, layout, interiors, and exteriors.

  • Property Age

A property’s age determines its remaining life and contributes critically to its market price as well as resale value. The age of the property also contributes to lender assessment when availing of home loans in India for residential property purchase. A newly constructed property with a long shelf life commands a high market price as well as resale value and helps raise a substantial fund as a housing loan when mortgaged.

  • Construction Stage

Individuals must also consider the project completion status when purchasing a housing property under construction, as this can help determine tax benefits when financing a house purchase through a home loan.

Other essential considerations to make before purchasing a house include availability of amenities, developer’s reputation, security, and tax payment status of the seller.


Home Loan FAQs

What is a Home Loan?

A home loan is a secured credit option to finance the purchase of a residential property. It is a kind of mortgage loan where the property in question is kept as a mortgage with the lender till the borrower repays the entire loan amount over a predetermined tenor.

Bajaj Housing Finance offers home loans at affordable interest rates with flexible repayment tenors. Use our home loan EMI calculator to determine the loan amount suitable for you, the total interest outgo in advance, and the tenor that suits your capacity. Borrowers can opt for fixed or floating interest rate regimes as per their preferences.

Visit our office to know more about home loans and their terms and conditions. We also provide pre-approved offers to expedite the loan availing process.

Can I Get a 100% Home Loan?

Avail of up to 80% of your property’s current market value as a home loan and consider the remaining amount for a down payment. You can avail of the maximum amount by improving your eligibility as a borrower.

The loan-to-value (LTV) amount depends primarily on your credit profile and repayment capacity. It also depends on the property’s location and amenities. You can avail of a higher loan amount when you choose a property situated in a well-connected location, equipped with all modern-day amenities.

Additionally, keep an eye on your CIBIL Score; a high CIBIL score can help you get a low rate of interest with better pending terms. Contact Bajaj Housing Finance today to get a more elaborate answer to, ‘can I get a 100% home loan?’

How Do Home Loans Work in India?

Check out the following pointers to know how a home loan works in India:

  • Loan Application

After selecting a property, apply for a home loan with your preferred lender by submitting a form along with the necessary documents listed by the lender.

  • Disbursal

The lender sanctions the loan amount after verifying the documents. The disbursal happens directly in favour of the seller/builder who enters a sale agreement with the borrower. The property papers are then kept with the lender for the entire period of repayment.

  • Repayment

After the loan amount is disbursed, the borrower starts paying the EMIs. The entire loan principal and the total interest charged are distributed in monthly instalments throughout the repayment tenor.

  • Account Closure

Once the full amount is repaid, the loan account is closed. Once closed, the lender provides an NOC to the borrower and releases the property papers.

How Long Does It Take to Get a Housing Loan Sanctioned?

In the case of salaried individuals, the loan is sanctioned within 4–5 days of making an application. In the case of self-employed individuals, the funds become available within 7–8 working days.

Existing Bajaj Housing Finance customers can consider availing of pre-approved offers that expedite the home loan sanction process. Meet all the eligibility parameters and submit all necessary documents to make the process hassle-free.

Avoid misinformation while filling the loan application form as doing so can lengthen the disbursal time significantly. Also, such mistakes can also lead to credit rejections.

What Are the Different Types of Home Loans Available in India?

Choose from different home loan types to finance your house purchase, construction, or renovation. The prominent home loan types available in India include new home loans, home construction loans, home loans for renovation, joint home loans, housing finance for women, housing finance for government employees, loans for private employees, pre-approved home loans, etc.

Can I Avail of Tax Deductions on My Home Loan?

Yes, you can avail of home loan tax benefits annually on both the principal and interest amount paid towards the total repayment liability. Section 80C of the Income Tax Act 1961 allows an annual tax deduction of up to Rs.1.5 lakh on the home loan principal repayment. Section 24B also allows a home loan tax exemption of up to Rs.2 lakh on the interest paid annually for a self-occupied property. In the case of a rented property, the benefits do not carry any maximum limit

For properties under construction, tax benefits on interest payment are limited to Rs.30,000 annually. First time home buyers purchasing a home under the Pradhan Mantri Awas Yojana can also claim an additional interest tax deduction of Rs.50,000 under section 80EE.

Which Factors Determine My Home Loan Eligibility?

Some of the factors that determine a person’s home loan eligibility criteria are age, income, employment status, place of residence, and property value. The amount of a home loan available also depends on property specifics, such as age, location, accessibility, social infrastructural facilities available, current market price, and the resale value, apart from the set home loan eligibility criteria. Borrowers can make a higher down payment to increase their eligibility for the advance.

What Is the Minimum Salary for a Home Loan?

A salaried individual applying for a home loan must fulfil the minimum salary threshold depending on his/her city of residence. For cities such as Delhi, Mumbai, Faridabad, Ghaziabad, Noida, and Thane, the minimum salary requirement is Rs.30,000.

For cities such as Ahmedabad, Bengaluru, Ahmedabad, Bhopal, Baroda, Chennai, Goa, Hyderabad, Kolkata, Mysore, Nagpur, and Pune, the minimum salary requirement is Rs.25,000. Use our home loan EMI calculator to assess a suitable loan amount to keep your EMIs affordable as per your salary.

Can I Prepay My Outstanding Home Loan Amount?

Yes, borrowers can opt to prepay their outstanding home loan amount at any time before the loan tenor ends. They can do so by availing of either the part-prepayment or foreclosure facility against a nominal charge. A part-prepayment facility allows borrowers to reduce their total loan liability by a significant margin.

The foreclosure feature allows individuals to close their loan account early via complete repayment in a lump sum. Bajaj Housing Finance does not levy any charges on part-prepayment or foreclosure when individuals avail of home loans on floating interest rates.

Do I Need a Guarantor for Home Loan?

No, as home loans are secured via residential property mortgage, a guarantor is not required to avail of the advance. Borrowers must, however, fulfil the minimum eligibility criteria to qualify.

The loan amount available as housing finance depends on various eligibility factors such as the applicant’s income, age, property value and property age, and property location. The lender’s LTV also determines the maximum amount available to a borrower as a home loan. Bajaj Housing Finance provides home loans to eligible borrowers up to an LTV of 85%.

Can I Take Two Home Loans at a Time?

Yes, an existing borrower can avail of a second home loan to finance his/her house purchase plans. The loan amount, in this case, depends on various factors, such as income, age, credit profile, and city of residence. A second home loan on the same property is, however, not allowed as per CERSAI.

A borrower must also meet the home loan eligibility criteria laid down by the lender to avail of the housing finance. When in need of additional funds to carry out home renovation or reconstruction, opt for a balance transfer facility with Bajaj Housing Finance. Using this option, you can avail of a high-value top-up loan with no end-use restriction for convenient financing of diverse funding needs.

What Is the Difference Between a Fixed Rate and a Floating Rate Home Loan?

The home loan interest rate levied by lenders is either fixed or floating. A fixed rate means that interest is charged on a home loan at a constant rate throughout the loan tenor. It helps borrowers determine the total interest payable at the onset of the repayment tenure.

Can I Switch from a Fixed Rate to a Floating Rate During My Home Loan Tenor?

Yes, borrowers can switch from a fixed rate home loan to a floating rate loan against a nominal fee payment. They must, however, go for a cost-benefit analysis before opting for the switch to ensure that the floating rate interest charged will help them save on the total repayment liability.

Borrowers can also opt for a home loan balance transfer when planning to check the total interest accumulation on their home loans.

How to Apply for a Home Loan?

You can apply for a housing loan online in a few simple steps. Fulfil the minimum eligibility criteria laid down by Bajaj Housing Finance and proceed to apply online. Fill the online application form using your personal, financial, employment, and residential details. Next, fill in the desired loan amount and a suitable tenure. Submit the duly filled form with the relevant documents to complete your application.

How Do Joint Home Loans Work?

Two or more co-applicants can apply for a joint home loan if they fulfil the required eligibility criteria. Joint home loans allow co-borrowers to avail of a high-value loan through combined eligibility and let them share the repayment burden equally over the tenure.

To avail of a joint home loan, co-borrowers must also share the property ownership. For each year of repayment, co-borrowers can also claim income tax benefits individually as per their share of the repayment amount paid.

Is It Mandatory to Have a Co-Applicant When Applying for a Home Loan? If Yes, Who Can Be a Co-Applicant for My Home Loan?

Financial institutions provide home loans individually to eligible applicants. Individuals lacking the necessary eligibility or requiring a higher loan amount can apply with a co-applicant for a joint home loan. The co-applicant for a joint home loan can be a parent, spouse, sister, brother, son, or daughter. Each co-applicant must individually fulfil the home loan eligibility criteria to qualify for the required housing loan amount.

What is MCLR?

Marginal Cost of Funds based Lending Rate or MCLR is an internal benchmarking system that financial institutions use to set their consumer lending rates for home loans and other advances. It comes with a reset period spanning 3 months, 6 months, 1 year, or 2 years, and is released by financial institutions monthly. Factors contributing to MCLR determination include the marginal cost of funds, operating cost, tenure premium, and the negative carry on Cash Reserve Ratio. With the introduction of RLLR or Repo Linked Lending Rate, the MCLR-based lending system is set to be replaced with a more transparent, repo-rate receptive method of interest rate determination.

How Can NRIs Get a Home Loan?

NRIs can avail of a housing loan by fulfilling minimum eligibility criteria and documentation requirements. They must be between 18 and 60 years of age and should apply with a co-applicant who is a resident Indian to avail of a housing loan. They must also be able to show a work experience of not less than 2 years in their current company as well as meet the educational qualification set by the lender to avail of the loan