Check the interest rate, eligibility, and documents required for home loans 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.
Several partnered lenders on Bajaj Markets offer attractive home loans for private employees. Here is a look at the offers along with applicable interest rate and charges:
| Lender | Min. Interest Rate | Max. Loan Amount | Max. Tenure | Processing Fees |
|---|---|---|---|---|
| Bajaj Housing Finance |
7.45% p.a. |
₹15 Crores |
384 months |
Up to 4% of the loan amount + GST |
| PNB Housing Finance |
8.50% p.a. |
₹15 Crores |
360 months |
Up to 1% of the loan amount |
| L&T Finance |
8.60% p.a. |
₹7.5 Crores |
300 months |
Up to 3% of the loan amount + GST |
| LIC Housing Finance |
8.65% p.a. |
₹15 Crores |
360 months |
0.25% to ₹50,000 + GST (depending on the loan amount) |
| Sammaan Capital |
8.75% p.a. |
₹5 Crores |
360 months |
Up to 1% of the loan amount + GST |
| Home First Finance |
9.00% p.a. |
₹35 Lakhs |
240 months |
- |
| ICICI Bank |
9.00% p.a. |
₹5 Crores |
360 months |
Up to 2% of the loan amount or ₹3,000 whichever is higher in addition to administrative charges of 0.25 % of facility amount or ₹ 5000/- whichever is lower + applicable taxes |
| South Indian Bank |
9.50% p.a. |
₹50 Lakhs |
360 months |
0.75% + GST |
| Shubham Housing Finance |
9.90% p.a. |
₹50 Lakhs |
300 months |
₹27,000 + 3% of the loan amount |
| Easy Home Finance |
10.50% p.a. |
₹50 Lakhs |
240 months |
1.5%-2.5% |
| Truhome Finance |
11.50% p.a. |
₹1 Crore |
300 months |
Up to 2.5% of the loan amount + GST |
| Vridhi Home Finance |
12.00% p.a. |
₹25 Lakhs |
144 months |
2% + GST |
| India Shelter |
13.00% p.a. |
₹40 Lakhs |
240 months |
Up to 3% of the loan amount + GST |
Disclaimer: The details mentioned above are subject to change at the lender’s discretion.
Home loans for private-sector employees can go as high as ₹15 Crores or even more. The final loan amount depends on your eligibility and the terms of the lender.
With quick loan disbursement, you need not wait to secure your new home.
The interest rate on home loans starts from 7.45% p.a., making repayment easy and affordable.
You can get a house loan with a tenure as high as 32 years.
With this facility, you can withdraw additional funds up to an agreed limit.
Due to the availability of an online website and mobile application, you can get a quick insight into your loan details.
Most lenders allow you to make prepayments after reaching a certain tenure.
Check out some basic home loan eligibility criteria that private employees need to fulfil when opting for a home loan on Bajaj Markets:
There are a few documents you will need to submit when applying for a home loan for private employees.
| Document Type | Details |
|---|---|
| ID Proof |
PAN card, Aadhaar card, voter ID, driving licence |
| Address Proof |
Utility bills, Aadhaar card, passport |
| Income Proof Documents for Salaried Applicants |
Last 3 months’ salary slips, Form 16, and ITR copies of the previous 2 years |
Disclaimer: You may be asked to submit additional documents beyond the mentioned ones. Requirements may vary by lender.
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:
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.
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.
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.
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.
Click the ‘Apply Now’ button on this page
Select ‘New Home Loan’ and set your profession as ‘Salaried Employee’ on the redirected page
Enter your mobile number and property details
Accept the terms, review your information, and click ‘Apply Now’
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:
Yes. Your income plays a role in the home loan amount you receive. This is because one of the eligibility criteria is your monthly salary. However, it is not the only criterion, as your credit score plays an equally important role.
The amount of home loans for private employees depends on income and other eligibility criteria. Generally, a higher income will increase your chances of getting a higher loan amount. Through Bajaj Markets, it can range anywhere up to ₹15 Crores.
There are numerous banks and financial institutions that offer attractive options of a home loan for a salaried employee. Out of these, ICICI Bank has partnered with Bajaj Markets.
The interest rate for housing loans depends on the financial institution or lender you choose. On Bajaj Markets, you can find home loans starting at 7.45% p.a. from leading lenders.
The qualification or eligibility criteria vary by lender, but common factors include your credit score, income, employment history, and debt-to-income ratio. If you have a reliable guarantee or collateral, your chances of getting a home loan will increase.
Yes, private employees may face slightly higher housing loan interest rates than government employees. Lenders consider government jobs to be more secure with stable income, which reduces their risk.
Yes, private employees with less than 1 year of job experience can apply. However, lenders apply stricter conditions and may take longer to approve the loan.
Yes, changing jobs during the loan process can affect approval. Lenders verify your employment and income details, and frequent changes may raise concerns about stability.
Yes, you can include variable pay, such as bonuses or incentives, if you have a consistent record. This can help increase your loan eligibility.
If you lose your job while repaying a loan, inform your lender immediately. They may offer options like restructuring the loan or extending the tenure. Defaulting can put your property at risk.
No, lenders do not offer exclusive schemes for IT or MNC employees. However, they may provide favourable terms based on income and job stability.
Yes, you can apply while on probation or a contract. Lenders may require a co-applicant, a longer income history, or impose stricter terms with higher interest.
No, private employees do not need a co-applicant. Lenders may suggest one in specific cases to strengthen the application and improve approval chances.
Yes, lenders verify employment details to confirm your income stability and repayment capacity before approving the loan.