Home Loan for Private Employees

Numerous banks, NBFCs, and financial institutions offer low-interest home loans to private employees. These home loans are affordable and come with competitive interest rates, flexible tenures, and easy EMIs. If you are a salaried employee, you can now apply for home loans online directly on Bajaj Markets. 

With lenders available on this marketplace, you can benefit from competitive interest rates starting at 7.45% p.a. With a loan amount of up to ₹15 Crores, you can choose a flexible repayment tenure of up to 32 years. With minimal documentation and rapid disbursal, you can ensure quick access to funds effortlessly.

Check out some basic home loan eligibility criteria that private employees need to fulfil when opting for a home loan on Bajaj Markets:

• Nationality: Indian
• Age: Between 23 and 67 years
• Employment Status: Minimum experience of 3 years for salaried applicants

Private employees have access to a variety of home loan options tailored to meet different financial needs. On Bajaj Markets, they range from buying a house to leveraging property for business or personal growth:         

Home Loan

A regular Home Loan is the most common option for purchasing a new or existing home. It provides the necessary funds to buy a property, with flexible repayment tenures ranging up to 32 years. The loan amount is typically determined based on your income, property value, and repayment capacity. With competitive interest rates and manageable EMIs, it is a great solution for those looking to invest in a permanent home.

Home Construction Loan

A Home Construction Loan is designed for those who wish to build a house from the ground up. These loans are ideal for purchasing construction materials, paying for labour costs, and covering other expenses related to the construction process. With flexible tenures and competitive interest rates, it’s a great option for those who already own land but need financial assistance to bring their dream home to life.

Home Extension Loan

If you need to expand or extend your existing home, whether it's adding an extra room, a floor, or a garage, a Home Extension Loan can provide the necessary funds. This loan type is useful for homeowners looking to increase the value and utility of their property. It offers flexible repayment terms and interest rates that make it easier to fund your expansion project.

Home Improvement Loan

A Home Improvement Loan helps homeowners renovate or upgrade their existing property. Whether you're remodelling a kitchen, installing new flooring, or making other improvements, this loan can cover the costs. It is a great way to increase your home’s comfort and value, with options for both small and large improvements.

Applying for this loan is easy through Bajaj Markets. Provide a few details to instantly check your eligibility and access personalised offers. 

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

2. Select ‘New Home Loan’ and set your profession as ‘Salaried Employee’ on the redirected page

3. Enter your mobile number and property details

4. Accept the terms, review your information, and click ‘Apply Now’

5. Submit the required documents and follow the next steps 

Once you submit your application, a customer care executive will contact you to complete verification and guide you through the process.

Applying for a home loan as a salaried employee requires a structured approach to ensure swift approval and minimise delays. Follow these key steps:

• Prepare pay slips, bank statements, tax returns, and proof of assets in advance to prevent last-minute obstacles

• Provide accurate and complete information about your income, assets, and liabilities to avoid rejection or delays

• Respond promptly to lender requests for documents and updates to maintain a transparent and efficient process

• Maintain consistent financial activity and avoid large, sudden transactions or income changes to demonstrate financial stability 

These loans enable salaried employees to own a home while saving on taxes. The Income Tax Act, 1961, allows deductions that lower the effective borrowing cost:

• Section 24(b): Get deduction of up to ₹2 Lakhs per year on interest for self-occupied property; no limit applies for rented or deemed-to-be-rented properties
• Section 80C: Enjoy deduction of up to ₹1.5 Lakhs per year on principal repayment of home loans
• Section 80EEA: First-time homebuyers can claim an additional deduction of up to ₹1.5 Lakhs per year, subject to eligibility