Home Loan

A home loan is a secured loan through which you borrow a sum to purchase a property – be it an under-construction or ready-for-possession property from a developer, or a resale property from an individual or entity. You can also avail of a home loan for property extension or refurbishment.

You borrow a home loan at a predetermined interest rate and repayment duration (tenor) and repay the principal, with interest, through EMIs (Equated Monthly Instalments). If you have an existing home loan, you also have the option to transfer the balance amount to Bajaj Housing Finance for a more competitive interest rate and other favourable terms.

Bajaj Housing Finance offers a sizeable home loan of Rs. 5 Cr* or even higher, based on eligibility. Our interest rates start at 6.65%* p.a. for eligible salaried individuals and professionals, with EMIs as low as Rs. 642/Lakh*.

With a flexible repayment tenor of up to 30 years, you can repay your EMIs conveniently. We also offer other benefits such as disbursal within 48 hours* of document submission and approval, balance transfer with a top-up of Rs. 1 Cr* or higher basis eligibility, and interest subsidy under Pradhan Mantri Awas Yojana. A home loan can also help you avail of tax benefits under various sections of the Income Tax Act (ITA).

Features Of Home Loan

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  Competitive Interest Rate of 6.65%*

  Make the most of our lowest ever home loan interest rate today. At 6.65%* p.a., your home loan EMI can be as low as Rs.642/Lakh*.

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  Loan Amount of Rs.5 Cr*

  Avail of a sizeable home loan of Rs.5 Cr* or even higher, depending on eligibility.

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  Balance Transfer Top-up of Rs.1 Cr*

  Transfer your home loan balance to Bajaj Housing Finance today. Benefit from a lower interest rate and reduced EMIs, as well as avail of a top-up loan – be it for debt consolidation or a vacation.

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  Repayment Tenor of 30 Years

  Opt for a longer tenor to make your EMIs more affordable over the years. Choose a tenor of up to 30 years and repay comfortably.

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  Disbursal in 48 Hours*

  Once you receive approval post the submission of a complete application with all the necessary documentation, you can expect disbursal in as little as 48 hours*.

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  Interest Subsidy Under PMAY

  Avail of an interest subsidy under the Pradhan Mantri Awas Yojana when you apply with us, as we are a prime lending institution with the Central Nodal Agency.

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  Contact-Free Loan

  Enjoy a truly hassle-free experience with a completely virtual application process. Skip the tedious branch visits.

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  Customized Repayment Options

  Want to purchase a house that’s in construction and pay only a part of your EMIs to begin with? With us you benefit from customized repayment options.

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  Hassle-Free Processing

  Enjoy an all-new home loan experience with us – one where you need to submit minimal documentation and can complete the process from the comfort of your home. Visit us, or call us home, only to sign the final loan agreement and other registration formalities

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  Zero Part-Prepayment and Foreclosure Charges

  Individuals with a floating interest rate home loan face no additional fees or charges should they choose to repay a part, or the entire sum, of their home loan before the end of the tenor.

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  Online Tools for Better Decision-Making

  A home loan is a long-term commitment and requires thorough research. Use our online tools, such as the home loan eligibility calculator and the home loan EMI calculator, to finalize a loan amount and tenor best suited to your finances.

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  External Benchmark Linked Loans

  Make the most of home loan interest rates linked to external benchmarks such as the Repo Rate. Benefit from reduced payouts during favourable market conditions.

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  Online Account Management

  Enjoy a truly hassle-free experience even once the loan is disbursed. Access your statement of accounts and other documents through our customer portal and complete transactions from the comfort of your home.

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  5,000+ Approved Projects

  Choose a property from one of our list of 5,000+ approved projects and enjoy the best borrowing terms, along with quick and hassle-free processing.

When considering vendors, it is important to check the home loan eligibility criteria, so you can maximize your chances of approval. Our criteria vary on the basis of employment type.

Upper age limit is considered as age at the time of loan maturity

To complete your application, you will need to submit supporting documents for the personal, employment, income, and financial information you have mentioned on the form.

• Personal: KYC documents – Photo ID (Aadhaar Card, PAN Card, Voter ID, Driving Licence, etc.), Residential proof (utility bills, Ration Card, Passbook, etc.)
• Income: Salary slips – 3 months (salaried applicants, salaried professional applicants), proof of business (self-employed professional, non-professional applicants), etc.
• Qualification: Education certificates – MBBS and above (self-employed professionals – doctors), valid COP (self-employed professionals – CA), etc.
• Financial: Bank account statement – 6 months, ITR, P&L statement (self-employed professional, non-professional applicants), etc.
• Property related: Title deed, property tax receipts, allotment letter, etc.

• Additional Fees and Charges: It is important to know all charges associated with your home loan. The most important charge to bear in mind is the processing fee. We levy a processing fee of 0.25% to 6% of the loan amount.
• Interest Rate: The interest rate on your home loan is one of the most important factors that will determine how affordable or unaffordable your EMIs and, ultimately, the loan is in the long term. Our home loan interest rate starts as low as 6.65%* p.a. for salaried and professional applicants.
• The Ideal Tenor: When assessing the loan amount you wish to avail of, you will need to bear the tenor and, ultimately, the EMI in mind. You have the option to choose a tenor of up to 30 years, but it is ideal to leave some room in your tenor and not avail of the highest available duration. This is because in case your interest rate increases over the course of your tenor, your increased interest outflow can be adjusted against an increase in your tenor rather than an increase in your home loan EMI.
• Check Your Eligibility and EMI: Before you go ahead and apply for the loan, it is important you check the loan amount you are likely to be eligible for. On the basis of your eligibility and the property you wish to purchase, you should also check your home loan EMI. Knowing these details will help you make an informed decision well in time.
• Apply With the Optimal CIBIL Score: Your CIBIL score is an important factor that contributes towards your eligibility. Check your CIBIL and try and enhance it before you apply so as to avail the most favourable borrowing terms. It is recommended you apply for a home loan once your CIBIL score is over 750.

A home loan is a long-term commitment and having the right partner in this journey is crucial to ensure a smooth and hassle-free experience for years. When you apply with Bajaj Housing Finance, not only are you assured of competitive interest rates, but you also benefit from a repayment tenor of up to 30 years, contact-free processing, and quick approval and disbursal.

What’s more, you also have the option to link your home loan to an external benchmark, such as the RBI repo rate, which enables complete transparency in the rate setting mechanism. Those with an existing home loan can also make the most of our features by opting for home loan balance transfer and switching to us.

When you transfer the balance amount on your home loan to Bajaj Housing Finance, you can avail of a lower interest rate, as well as make the most of a top-up loan of Rs. 1 Cr* or higher, basic eligibility.

If you’re wondering how to apply for a home loan, the below guide will walk you through our easy home loan application process.

Once you submit the application, our representative will get in touch with you within 24 hours* and explain the next steps. Alternatively, you can also walk into any of our branches around India, where our representatives can guide you through the process.