✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 7.49% Apply Now
Overview

Purchase your dream apartment or bungalow with a home loan from Bajaj Housing Finance, available on Bajaj Markets. You can borrow ₹4 Lakhs to ₹15 Crores at interest rates starting from 7.49% p.a. onwards. Furthermore, you can repay it over a tenure ranging up to 32 years and also get a top-up loan if required.

Bajaj Housing Finance Home Loan Interest Rates

Provided below are the interest rates applicable to this loan:

Interest Rate

7.49% p.a. onwards

Processing Fees

Up to 4% of the loan amount (Depending on the amount disbursed)

Part-prepayment

  • Nil for floating interest rates

  • Up to 2% on the part-prepayment amount for fixed interest rates 

Foreclosure Charges

  • Up to 4% on principal outstanding for fixed interest rates

*Disclaimer: The mentioned details are subject to change at the lender’s discretion.

Other Fees & Charges Related to Bajaj Housing Finance Home Loan

Here are some other charges related to a Bajaj Housing Finance Home Loan that you should be aware of:

Penal Interest Rate

Up to 2%

EMI Bounce Charges

  • Up to ₹15 Lakhs - ₹500

  • More than ₹15 Lakhs and up to ₹30 Lakhs - ₹500

  • More than ₹30 Lakhs and up to ₹50 Lakhs - ₹1,000

  • More than ₹50 Lakh and up to ₹1 Crore - ₹1,000

  • More than ₹1 Crore and up to ₹5 Crore - ₹3,000

  • More than ₹10 Crores - ₹10,000

Loan Statement Fee

Nil

*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.

Bajaj Housing Finance Home Loan

Features and Benefits of a Bajaj Housing Finance Home Loan

High Loan Amount

Secure high amounts of up to ₹15 Crores with this home loan

Low Interest Rates

Benefit from interest rates starting from as low as 7.49% p.a.

Flexible Repayment

You can choose a tenure of up to 384 months. Also, there are no charges for foreclosure.

Balance Transfer and Top-Up Options

Enjoy a home loan balance transfer or a top-up option on an existing home loan at low interest rates.

Simple Eligibility Criteria

The easy-to-meet eligibility parameters make the approval process hassle-free.

Eligibility Criteria for a Bajaj Housing Finance Home Loan

Make sure to fulfil the following eligibility criteria prior to applying for this loan:

Eligibility Criteria 

Details

Nationality

Indian 

Age

  • Salaried applicant - 23 to 67 years

  • Self-employed applicant - 23 to 70 years

CIBIL score

725 or more

To get a complete list of the eligibility criteria, reach out to Bajaj Housing Finance. Check the requirements thoroughly before applying for the loan.

Documents Required for a Bajaj Housing Finance Home Loan

Keep the following documents handy when applying for a Bajaj Housing Finance Home Loan:

1. Salaried applicants:

  • Address proof like an Aadhaar card/ passport/ driving licence

  • Identity proof like PAN Card

  • Form 16 or your last salary slip

  • Bank statement for the last three months

2. Self-employed applicants:

  • Address proof like an Aadhaar card/ passport/ driving licence

  • Identity proof like PAN Card

  • Bank account statement for the past six months

  • ITR for the last 2 financial years

  • Business vintage proof like Certificate of Incorporation, Shop Act, etc.

How To Apply for a Bajaj Housing Finance Home Loan Online

To apply for a home loan online via Bajaj Markets, follow these simple steps:

  1. Click on the ‘Apply Now’ option on this page

  2. Enter your personal, professional, and financial information

  3. Select ‘Bajaj Housing Finance’ from the list of lenders

  4. Choose your preferred loan amount and tenure

  5. Submit the online application form

 

Following this, a representative will reach out to you for further proceedings.

Types of Bajaj Housing Finance Home Loan

Bajaj Housing Finance offers home loan solutions for purchasing a property, transferring an existing loan, or accessing additional funds. Below is a quick overview of the available options:

  • Home Loan

You can apply online for a Home Loan from Bajaj Housing Finance to purchase a house. The loan disbursal is processed within 48 hours following document submission and approval.

  • Home Loan Balance Transfer

If you have an existing home loan with another bank or housing finance company, you have the option to transfer your loan to Bajaj Housing Finance through the Loan Balance Transfer facility. Get a competitive interest rate starting at just 8.10% p.a., and other benefits.

  • Loan Against Property

A Loan Against Property (LAP) is a secured loan that lets you access funds by using your residential or commercial property as collateral. You can secure a significant amount with an interest rate starting as low as 8.99% p.a., and repay over a tenure of up to 17 years.

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

Frequently Asked Questions

Who can get a Bajaj Housing Finance home loan?

To qualify for a home loan from Bajaj Housing Finance, you must fulfil the following criteria:

  • You must be a citizen of India

  • If salaried, you should fall under the age bracket of 23 to 67 years

  • If self-employed, you should fall under the age bracket of 23 to 70 years

  • You need to have a CIBIL Score 725 and above

 

Also, ensure to provide all the documents requested by the lender at the time of application. If eligible, this can improve your chances of getting the loan faster without any delays.

What is the interest rate charged on Bajaj Housing Finance home loan?

You can get a Bajaj Housing Finance Home Loan at interest rates starting from as low as 7.49% p.a. However, the interest rate offered to you will depend on your eligibility.

What is the minimum income required to get Bajaj Housing Finance home loan?

To meet the eligibility criteria for a Bajaj Housing Finance Home Loan, you must have an income of at least ₹25,000 per month.

How much can I borrow with a Bajaj Housing Finance Home Loan?

You can get a loan of up to ₹15 Cr on Bajaj Markets.

Is it possible to get a top-up loan for an existing Bajaj Housing Finance Home Loan?

Yes, you can get a top-up loan on your existing home loan.

How long does it take for the Bajaj Housing Finance home loan to get sanctioned?

Following the approval of your application and successful document verification, the loan is generally sanctioned within 48 hours.

How to reduce home loan interest rates in Bajaj Housing Finance?

Here are some effective ways to secure a lower interest rate on your home loan:

  • Improve your credit score

  • Increase your down payment

  • Opt for a shorter loan tenure

  • Raise your EMI amount

  • Make consistent prepayments

Is it possible to get a top-up loan for an existing Bajaj Housing Finance home loan?

Yes, you can get a top-up loan on your existing home loan.

Which is better, HDFC or Bajaj Housing Finance, for a home loan?

Both home loan lenders are reputable, but the best choice ultimately depends on your individual preferences. It is important to compare their interest rates, repayment tenures, and applicable charges before making a decision.

What is the EMI for a ₹10 Lakhs home loan?

The EMI amount depends on the interest rate and tenure selected. You can use the Bajaj Housing Finance home loan EMI calculator to determine the EMI accurately.

What is the interest of ₹1 Lakhs in a Bajaj Housing Finance loan?

The interest rate depends on your credit score and other eligibility factors assessed by the lender.

How to calculate Bajaj Housing Finance home loan EMI?

To compute the EMI amount, visit the official EMI calculator page. Enter the loan amount, interest rate, and tenure. The tool will display the EMI, total interest payable, and total repayment amount instantly.

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