Home Loan Procedure with Bajaj Housing Finance-Banner_WC


Home Loan Application Procedure Overview_WC

Once you’ve made up your mind to get a Home Loan, the journey from there is very simple, if planned for and followed properly. With Bajaj Housing Finance, the Home Loan application journey is easy for every kind of borrower, be it salaried, professional, or self-employed, because our processes focus on quality checks without the typical hassles.

It is important to thoroughly understand the application procedure if you are an aspiring borrower to enhance your chances of getting approved. Your research will help you score well against all the eligibility parameters or take corrective measures to strengthen your Home Loan eligibility. Consider this a time investment to get the funds you seek to secure your dream home.

For your understanding, each phase of the Home Loan application process has been broken down and detailed, so you can make sure to check each item off when you apply.

Part 1: Check your Home Loan Eligibility

Consider this an important part of your preparation phase. Before you make your Home* Loan application, ensure that you have checked the eligibility parameters of a Home Loan, and evaluated your eligibility. Here are some essential checkers you will be required to meet:

Eligibility Parameters Salaried Self-Employed
Nationality Indian and Non-NRI Indian and Non-NRI
​​​Employment Minimum 3 years of work experience at a public or private enterprise, or an MNC Minimum 5 years of vintage in current enterprise
Age 23 to 62 years** 25 to 70 years**
CIBIL Score Ideally 750 + Ideally 750 +

Part 2: Making your Home Loan Application

Once you’re sure that you fare well against the prescribed Home Loan eligibility criteria, you may go ahead and file your official Home Loan application. If you want to apply online, you can either fill out our simple Home Loan form, where all you will need to submit basic details and our representative will guide you through the further steps.

You can also apply and avail of a Sanction Letter instantly through our Online Home Loan form. You can do this from the comfort of your home, using our Online Home Loan application form:

  1. Navigate to the Online Home Loan form on our official website and select the type of Home Loan you want.

  2. Enter your basic details as requested, including your name, date of birth, income, and residential details. 

  3. In the next stage, enter your mobile number for a successful OTP verification. Following that, continue filling the form with your PAN details and the property location.

  4. In the third stage, you will be shown your CIBIL score and your eligible Home Loan amount. You can even customise your loan sum and tenor if you wish or add a co-applicant to your application at this stage.

  5. Once you confirm the offer and pay the processing fee, you will receive your Digital Sanction Letter instantly.

  6. Once you receive the Sanction Letter, a Bajaj Housing Finance representative will reach out to you in 24 hours* to 48 hours to walk you through the final steps of your Home Loan application. Your Home Loan approval will be given after application and property verification.

Part 3: Document Submission and Verification

This part is relatively easy with our doorstep documentation pick-up services if you already have all the Home Loan documents in place. Here is everything you need:

1.For Salaried Employees

  • KYC documents for identity verification
  • 3 months’ salary slips as income proof
  • Proof of employment
  • ITR statements, as requested

2.For Self-Employed Individuals

  • KYC documents for identity verification
  • P&L statements, among other documents, to prove a steady flow of income from the existing business operational for more than 5 years
  • Educational certificates for doctors and a valid COP for CAs
  • Proof of business
  • ITR statements, as requested

Note: This list is indicative. Additional documents may be needed during loan processing.

Once you complete all three parts successfully and your Home Loan application is verified, you will receive the disbursal within the next 48 Hours*. The ease of our Home Loan application is what makes us a good choice for aspiring Home Loan borrowers – given how customisable our Home Loans are. No matter what your budget and needs are, if you have a profile that matches our Home Loan eligibility parameters, you will receive the funding of your choice to complete your dream of owning a home.

*Terms and conditions apply

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