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Home Loan Starting 6.75%*


How to Apply for a Home Loan

The process of how to apply for a home loan is simple and straightforward. Bajaj Housing Finance Limited offers Home Loan with high-value financing of up to Rs.3.5 crore for salaried applicants, and up to Rs.5 crore for self-employed applicants.

Individuals need to provide their basic personal, employment, income, and property details to complete the home loan application form process. Once complete, submit the required documents online, and coordinate with the verification process to receive approval. If all details are in place, the loan amount is approved and a sanctioned letter is issued shortly.

The housing loan process differs for salaried and non-salaried applicants. Below is thus given a step-by-step guide on how to get a home loan for both individuals.

Home Loan Apply Process for Salaried Individuals

Salaried applicants can follow the home loan process detailed below.

Step 1 – Utilise a home loan eligibility calculator to arrive at the loan amount suitable as per your income and repayment capacity.

Step 2 – Next, you can use a home loan EMI calculator  to estimate your fixed monthly obligations payable as EMIs. Adjust the tenure or loan amount entered to arrive at an affordable EMI. The calculator also helps you determine your total repayment liability and interest payable as per the current home loan interest rate applicable by the tenure’s end.

Step 3 – Proceed to open the online application form and fill in the key personal, financial, and employment details such as your name, income, employer, years of service, etc.

Step 4 – Follow it by filling up your property details in the home loan application form

Step 5 – Pay the security fee online to book your home loan with Bajaj Housing Finance Limited. Next, a relationship manager gets in touch with you to proceed with the remaining loan sanction and loan disbursement process.

Step 6 - Post fee payment, upload all the documents required for home loan via our secured online portal. Keep all scanned copies of the required documents handy before initiating the home loan application process for streamlined completion.

The home loan process is swift and hassle-free, and gives easy access to necessary finances for house purchase.

Home Loan Apply Process for Non-Salaried Individuals

The home loan application process of Bajaj Housing Finance Limited for non-salaried individuals is explained step-by-step as under.

Step 1 – Enter your basic personal details like your name, residential PIN code, and mobile number along with your employment type, i.e., self-employed or self-employed doctor.

Step 2 – Verify your details with an OTP sent to the mobile number provided.

Step 3 - Proceed to fill other essential personal, employment and financial details, including your years of business continuation.

Step 4 – Once completed, a representative from Bajaj Housing Finance Limited will connect with you to provide details of your pre-approved home loan offer.

With this complete guide on how to apply for a home loan, proceed to complete the steps as per your employment type.

Apply with the right eligibility to receive hassle-free approval of the housing finance. Also, make repayments in time to avail home loan tax benefits, and save more on your principal and interest liability.