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Own your dream home with flexible loans starting from 7.45% p.a. and amounts of up to ₹15 Crores. Explore competitive offers from 10+ lenders, and benefit from an easy application process, swift approvals, easy documentation, and more on Bajaj Markets.
7.45% p.a. onwards
Up to ₹15 Crores
10+ Lenders
Own your dream home with flexible loans starting from 7.45% p.a. and amounts of up to ₹15 Crores. Explore competitive offers from 10+ lenders, and benefit from an easy application process, swift approvals, easy documentation, and more on Bajaj Markets.
7.45% p.a. onwards
Up to ₹15 Crores
10+ Lenders
Bajaj Housing Finance Limited
PNB Housing Finance
.png "Home First Finance Company")
Home First Finance Company
Sammaan Capital
ICICI Bank
LIC Housing Finance
Shubham Housing Finance
Truhome Finance
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Bajaj Housing Finance Limited
PNB Housing Finance
Home First Finance Company
Sammaan Capital
ICICI Bank
LIC Housing Finance
Shubham Housing Finance
Truhome Finance
.png "India Shelter")
India Shelter
L&T Finance
10+ Lenders
Simple Process
Multiple Products
Swift Disbursals
Exclusive Offer!
for 240 months* at 7.45% p.a.
Popular Offer
Great Choice!
Access substantial home loan amounts of up to ₹15 Crores, suitable for purchasing your ideal home or financing construction.
Enjoy competitive home loan interest rates starting from just 7.45% p.a. for a more affordable borrowing experience.
Benefit from zero fees when you choose to partially or fully repay your loan ahead of schedule.
Choose a comfortable loan tenure of up to 32 years (384 months), easing your monthly repayments.
Here are the home loan fees and charges charged by lenders available on Bajaj Markets that you should know:
| Fee Type | Typical Charges |
|---|---|
Processing Fee |
Starts from 0.25% of the loan amount plus GST |
Part-Payment Charges |
Up to 2% of the part-payment amount |
Foreclosure Charges |
Up to 4% of the part-payment amount |
Penal Interest Rate |
Up to 2% per month on overdue amounts |
EMI Bounce Charges |
Starts from ₹500, based on the loan amount |
Disclaimer: The fees and charges mentioned above are indicative and may vary based on the lender's terms and conditions. Please refer to the respective lender’s official documents or website for the most accurate and updated information.
Understanding best practices and common mistakes can significantly enhance your chances of home loan approval. Here are essential dos and don'ts to remember while applying for a home loan:
| Dos | Don'ts |
|---|---|
Check your credit score and report before applying |
Avoid multiple loan applications simultaneously |
Compare multiple lenders for the best interest rates |
Don’t choose loans based solely on interest rates |
Ensure all your financial documents are accurate |
Don't submit incomplete or incorrect documents |
Plan your finances carefully and choose a suitable EMI |
Don’t borrow beyond your repayment capability |
Clearly understand the loan agreement before signing |
Avoid missing or delaying any EMI payments |
Maintain sufficient savings for emergencies |
Don't ignore the fine print or additional charges |
Consider additional costs like registration and insurance |
Don’t frequently change jobs shortly before applying |
Clarify all doubts and seek advice from experts |
Avoid taking new loans or credit cards before approval |
Choosing between a fixed and floating interest rate is a key decision when applying for a home loan. The right choice depends on your financial goals, market outlook, and risk appetite. Here’s a quick comparison to help you decide:
| Aspect | Fixed Interest Rate | Floating Interest Rate |
|---|---|---|
Interest Rate |
Remains constant throughout the loan tenure |
Varies with market conditions and benchmark rates |
EMI Amount |
Stays the same for the entire tenure |
May increase or decrease over time |
Financial Planning |
Easier, as monthly outflows remain predictable |
Less predictable due to rate fluctuations |
Initial Rate |
Generally higher than floating rates |
Usually lower than fixed rates at the start |
Market Risk |
Not affected by interest rate changes |
Linked to market trends and RBI rate movements |
Best For |
Borrowers seeking stability and long-term predictability |
Borrowers comfortable with risk and expecting rates to fall |
Switching Option |
May involve a fee to switch to floating |
Usually allowed, but terms may vary |
Yes, as per Section 80C of the Income Tax Act, you may be eligible to claim deductions of up to ₹1.5 Lakhs on the principal portion of your home loan. Further, under Section 24(b), you can also claim a deduction of up to ₹2 Lakhs per year on the interest paid for a self-occupied home.
Defaulting on EMIs can lead to penalties, a negative impact on your credit score, and potential legal action by the lender. In severe cases, the lender may initiate foreclosure proceedings on the mortgaged property.
No, banks in India cannot offer zero down payment home loans due to RBI guidelines. Lenders typically finance 75%–80% of the property value, requiring you to pay 20%–25% upfront. However, you may arrange the down payment using savings, personal loans, or builder subvention schemes.
A home loan is a type of secured financing offered by lenders to fund the purchase, construction, or renovation of a residential property. The property remains mortgaged with the lender until the loan is fully repaid.
Home loans can be used to purchase various types of residential properties, such as ready-to-move-in homes, under-construction properties, and resale flats. Some lenders also offer loans for purchasing plots, provided you plan to construct a house on them.
The maximum loan amount you can avail depends on various factors, including your income, credit score, and the lender's policies. Bajaj Markets offers home loans up to ₹15 Crores, subject to eligibility criteria.
The sanctioning process typically takes between 7 days to 4 weeks, depending on the lender's policies and the completeness of your documentation. Delays can occur if there are discrepancies in the submitted documents or if additional verification is required.
Yes, most lenders allow partial or full prepayment of home loans. However, some may charge prepayment or foreclosure fees, so it's advisable to check the terms with your lender.
Home loans may include processing fees, administrative charges, legal and technical evaluation fees, and prepayment or foreclosure charges. These fees vary among lenders, so it's important to review the fee structure before applying.
The best bank for a home loan varies based on your credit profile, income, location, and loan amount. Look for lenders offering competitive interest rates, low processing fees, flexible tenures, and quick disbursal. Always compare multiple offers and review total loan costs before choosing.
There is no fixed minimum CIBIL score for a home loan, as lending criteria vary by institution. However, a score above 750 generally improves approval chances and helps secure lower interest rates. Lenders also assess your income, repayment history, and overall financial profile before making a loan decision.
Home loan tenures typically range from 5 to 30 years, depending on the lender. On Bajaj Markets, you can choose a maximum tenure of up to 32 years. The ideal tenure depends on your age, income, and repayment capacity, with longer terms offering lower EMIs but higher interest outgo.
Yes, you can foreclose your home loan before the scheduled tenure. Most lenders allow foreclosure without penalties for floating-rate loans. However, fixed-rate loans may attract charges. Foreclosing early reduces interest burden and clears your financial liability faster. Always check your lender’s foreclosure terms.
Home loan insurance is not mandatory, but strongly recommended. It protects your family from repayment burdens in case of your death, disability, or job loss. Some lenders bundle it with the loan, but you can choose separate term insurance for better flexibility and lower premiums.
Yes, you can reduce your home loan tenure by making part-prepayments or requesting a restructure. Reducing the tenure increases EMI but lowers total interest paid. It’s a smart strategy if your income increases or you receive a lump sum. Confirm terms with your lender.
Immediate family members such as your spouse, parents, siblings, or children can be co-applicants. Having a co-applicant can enhance your loan eligibility and may allow for a higher loan amount.
If your home loan application is rejected, review the reasons provided by the lender. Common steps include improving your credit score, reducing existing debts, ensuring accurate documentation, and reapplying after addressing the issues.
Common reasons include a low credit score, unstable employment history, high debt-to-income ratio, incomplete documentation, and discrepancies in personal information. Ensuring financial stability and accurate documentation can improve approval chances.
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