Home Loan

Apply for Home Loan of up to Rs. 15 Cr Online starting @8.65%

✓ Home Loan from ₹2 Lakhs To ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.65%

You can get a home loan of up to ₹15 Crores at affordable interest rates starting at 8.65% per annum. That’s not all. The tenure of up to 30 years allows you to optimise repayment to suit your financial capabilities. Read on to learn more about home loans and find out how to apply for one.

Home Loan Details

You can find some of the best housing loan providers in India on Bajaj Markets. You can compare the home loan interest rates and offers from lending partners to choose the one that best suits you.

Interest Rate

8.65% p.a. onwards

Loan Amount

Up to ₹15 Crores

Repayment tenure

Up to 30 years

Processing Fee

Between 0.5% and 6% of the loan amount


Must be at least 2 months’ EMI or more


Possible after 6 -12 EMIs, as per lender’s terms

Compare and Apply for Home Loan Online

Comparing loan offers before you apply is a smart way to ensure that you get the best deal. In order to compare, check the interest rate, maximum loan amount, tenure, and charges on the loan.


Here are the details of home loans from our partners:

Home Loan Providers

Interest Rates

Maximum Loan Amount/Tenure

Bajaj Housing Finance Limited

8.85% p.a. onwards

  • Amount - ₹2.5 Cr
  • Tenure - 30 Years

PNB Housing Finance Limited

8.75% p.a. onwards

  • Amount - ₹15 Cr
  • Tenure - 30 Years


9.00% p.a. onwards

  • Amount - ₹5 Cr
  • Tenure - 30 Years

Home First Finance Company

9.50% p.a. onwards

  • Amount - ₹40 Lakhs
  • Tenure - 20 Years

Union Bank of India

9.00% p.a. onwards

  • Amount - ₹15 Cr
  • Tenure - 30 Years

LIC Housing Finance

8.65% p.a. onwards

  • Amount - ₹15 Cr
  • Tenure - 30 Years

Shubham Housing Finance

10.90% p.a. onwards

  • Amount - ₹50 Lakhs
  • Tenure - 25 Years

Shriram Housing Finance

11.50% p.a. onwards

  • Amount - ₹10 Cr
  • Tenure - 25 years

*Disclaimer: The values mentioned are applicable as of March 2023. The interest rates and associated charges can vary from one lending partner to the other and are subject to policy changes of the partner.

Calculate Your Home Loan EMI

A Home Loan EMI calculator is an algorithm-based tool that can help you get instant estimates of your house loan EMI amount. All you need to do is enter your loan amount, expected interest rate, and preferred repayment tenure.


The online tool will show you your overall EMI outflow within seconds. A housing loan calculator can also help you compare loan options by simply altering the numbers you fed into the tool originally. This way, you will be able to decide which offer suits you the best.

Loan Amount
  • Months
  • Years
Rate of Interest

Your monthly EMI is

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest Amount

Home Loan Amortization Schedule

Year Principal Interest Balance

Home Loan Features and Benefits

From prepayment charges to tax exemptions, here are the advantages you can expect from home loans from our partners.

Competitive interest rates

These rates dictate the cost of borrowing and start from 8.65% p.a.

Flexible repayment tenure

A flexible tenure ensures affordability and you can repay over 30 years (360 months).

High-value funding

Lenders offer as much as ₹15 Crores to help you purchase or construct a home.

Zero prepayment or foreclosure charges

Enjoy zero charges for such payments and enjoy added value during home loan repayment.

Quick and convenient application

Apply online and get a digital loan sanctioned within a few hours, without any hassles.

Tax benefits

You can avail tax benefits under the sections 24, 80C, 80EE, and 80EEA.

Disclaimer: Terms and conditions apply to the above-mentioned benefits, and these may vary based on the lender.

Eligibility Criteria for Home Loan

The eligibility criteria for housing loans are simple. These criteria depend on whether you are salaried or self-employed, your nationality, and other aspects that determine your creditworthiness.

Eligibility Criteria

For Salaried

For Self-employed


Resident of India

Resident of India


23 to 62 years

25 to 70 years

Work Experience/Business Continuity

At least 3 years of corporate work experience

5 years of running a successful business

To ensure that you are eligible, use the online home loan eligibility calculator. This tool takes into consideration several factors, such as your income, age, and area of residence, to give you an estimate of the amount you can borrow.


This can, in turn, help reduce the chances of your application being rejected. Checking your eligibility before also gives you the benefit of planning your finances in advance.

Documents Required for Home Loan

Here is the list of important documents required while applying:

1. Identity Proof 

  • PAN Card

  • Aadhaar Card

  • Driving Licence

  • Voter ID

2. Address Proof 

  • Electricity Bill/Water Bill/Phone Bill

  • Valid Passport

  • Aadhaar Card

  • Driving Licence

  • Voter ID

3. Income Proof Documents:

a) For Self-employed Applicant/Co-applicant


  • Income Tax Returns of last 3 years

  • Qualification Certificate for Doctors, CA and other Professionals

  • Audited Balance Sheet from Certified CA

  • Profit and Loss Statement of Previous 3 Years

  • Business Licence Details with Address Proof and TDS Certificate

b) For Salaried Applicant/Co-Applicant 


  • Last 3 Months’ Salary Slips

  • A Copy of Form 16 or Income Tax Return (ITR) of last two years


You can check out the detailed list of home loan documents here which are required to apply for a housing loan. Make sure you have all the documents handy before applying.

How to Apply for Home Loan

With advancements in the fintech industry, applying for a housing loan is now easier than ever. Just enter a few basic details to fill out the online application form and upload the required documents.


Here are the steps to apply for a home loan on Bajaj Markets.

1. Through the website:

  • Enter the required details in the application form.

  • Choose your preferred lending partner.

  • Estimate your borrowing power.

  • Mention Property Details.

  • Get Loan Approval. 

  • The application will be verified, post the approval.

  • While the verification process is being completed you will be asked to pay the processing fee online. Then you will receive the sanction letter after which your property will be evaluated. After a successful legal check, you will receive the home loan amount in your bank account.

2. Through the Bajaj Markets App:

With the Bajaj Markets app, availing home loans is a simple process.


  • Enter your personal and employment details to check the right loan offer.

  • Select the loan offer that works best for you.

  • Enter the preferred loan amount and tenure.

  • Upload the required documents for verification.


After submitting the application, the lender will conduct a background check. After verification, a representative from your chosen lender will contact you.

Types of Charges Applicable on a Home Loan

As a borrower, it is important that you know the different charges associated with a home loan. All of these will be mentioned in the loan documentation provided to you. Here are a few common ones to note.

1. Administrative or loan processing fee

These are the costs incurred by the lender in order to process your loan. These generally pertain to processing documents, legal verifications, evaluations, and more. Such fees are expressed as a percentage or as a flat value.

2. Conversion charges

Lenders charge this fee if you decide to change your interest rate, based on favourable market conditions. This rate increases if the new interest rate is much lower than your current rate.

3. Prepayment or foreclosure charges

Lenders may charge a prepayment or foreclosure fee on a fixed rate home loan. These fees are not applicable on floating-rate home loans, as per an RBI mandate.

4. Late payment charge

Also known as the ‘EMI late payment penalty’, lenders levy a fine if you miss an EMI payment. The terms vary with each lender, and this fee is generally expressed as a percentage.

5. Insurance premiums

Lenders may offer an insurance policy that safeguards the home. If you opt for it, you are liable to pay the premiums for this instrument.


Before you go ahead and apply for a housing loan, there are a set of dos and don’ts that you must keep in mind. Some of these are in regards to your credit behaviour and post-purchase behaviour. Let us understand this in detail.

Home Loan Application: Dos and Don’ts

Here are some of the tips to avoid rejection of your house loan application:



  • Make sure you meet the income requirements. If you do not, apply with a co-applicant.
  • Every lender has a set income limit for individuals as per the locations. It is usually high for people living in metro cities.
  • Don’t apply with a poor credit score as it may increase the chances of rejection.
  • Click here to know how to improve your credit score.
  • Make sure all your pending dues for existing card bills and EMIs are paid.
  • Lenders track your credit score during the application process and these payments affect your credit score.
  • Don’t apply if you don’t have all the paperwork ready. Even if a house loan application gets an in-principle approval based on the CIBIL score, the final approval of the loan can be expected only if you submit the required documents in a timely manner.
  • It is important to acquire a No-Objection Certificate (NOC) from the lender for loans that you've cleared.
  • Obtaining this certificate will make your housing loan application process easier.
  • Don’t apply if you have just switched jobs or started a new business. Housing loans are a long-term responsibility; hence, you must have a stable career to be eligible.
  • A history of job-hopping within a short period might lower your chances of loan approval and your application is very likely to get rejected.

Tax Benefits on Home Loans

Availing a home loan makes you eligible for various tax benefits and exemptions under Income Tax Act, 1961, namely:


Nature of Home Loan Tax Deduction

Max. Taxable Amount

Section 24

Applicable on Interest paid

₹2 Lakhs

Section 80C

Principal (including stamp duty and registration fee)

₹1.5 Lakhs

Section 80EE

Interest (also applicable on the interest paid)(for first-time home buyers only)


What to Do If Your Home Loan Application is Rejected

Lenders may reject your loan application based on your eligibility and application. In this case, you can re-apply for the loan. However, you need to know why your application was rejected.


A lender may reject your application for many reasons, as explained below.

1. Loan amount

  • Reason for rejection: Lenders assess the loan amount you can receive based on various factors. Lenders have a loan amount you can avail to ensure repayment. As a result, your application may be rejected if you apply for a loan amount higher than the eligible amount.

  • Possible solution: In this, you can reassess your loan requirement to see if applying for a lower loan amount may be feasible. You can also check the loan amount you are eligible for by using an online home loan eligibility calculator.

2. Credit score

  • Reason for rejection:  Your credit score is a major factor in your eligibility for any type of credit, including home loan. If you have a credit score below 650, the home loan issuer may reject your application.

  • Possible solution: To remedy this, you can consider waiting for some time and improve your credit score before reapplying. You can also try negotiating with the lender to see if you avail the loan on different terms.

3. Current liability:

  • Reason for rejection: How much you owe plays a major role in your eligibility for future credit. If your total EMI amount is high and you do not have enough disposable income after that, the lender may reject your application.

  • Possible solution: Try to completely repay some of your current debt to free funds for new debt. As a rule of thumb, you should try to keep your debt-to-income ratio up to 50%. This means, your total monthly debt repayment should not be more than 50% of the monthly income. The lower it is, the better are your chances of availing new credit.

4. Income stability:

  • Reason for rejection: Income stability has an effect on your repayment ability. As such, the lender may reject your application if you do not have a stable income. This may be due to frequent employment change or not having the minimum income required to avail the you want.

  • Possible solution: Reapply once you have a few years of experience with the same organisation. You can also try to provide proof of other stable income means to meet the lender’s requirement.

5. Insufficient/Incorrect documents:

  • Reason for rejection: Documents are an important aspect of availing a loan as they enable lenders to verify your application. Given this, if you have not submitted all the documents or an incorrect document, your application may be rejected.

  • Possible solution: Reapply with the right set of documents for a seamless process. Get all the paperwork, as per the lender’s requirements and ensure that all information is accurate.

Home Loans Based on Monthly Income 

Home Loan FAQs

  • ✔️ What is Home Loan?

    A housing loan is a form of financing which allows an aspiring homeowner to borrow funds for the purpose of either purchasing a property at a certain rate of interest and repayment period or constructing one. The borrower then repays the amount which has been given to them via equated monthly instalments (Or EMIs). For the duration of the loan repayment tenure, the bank or the financial institution that gave the home loan retains the ownership of the property until the sum that is owed by the borrower is repaid. While housing loans are taken up for the purchase or/and construction of a property, some home loans also cater to the renovation and repair requirements of the owned property. It must be noted that the property that one can pick up a loan for can either be residential or commercial in nature.

  • ✔️How do I apply for a home loan?

    You can apply for a house loan at Bajaj Markets in a few simple steps:

    •  Step 1: Fill required details in the application form
    •  Step 2: Choose the lending partner
    • Step 3: Estimate Borrowing Power
    • Step 4: Mention Property Details
    • Step 5: Get Loan Approval
  • ✔️How does a home loan work?

    It essentially works like any other loan. You have to furnish details concerning your residential status and information about the home you plan on either buying or building. Once you receive the sanctioned amount, you pay it off with interest in EMIs.

  • ✔️How long does it take to get a home loan sanctioned?

    The sanction period varies for each lender. It depends upon several factors that include processing times, provided documents, and more. The sanction may be delayed if there are issues with the submission of documents.

  • ✔️Who can be a co-applicant on my home loan?

    The co-applicant can be anybody from your immediate family including your spouse, parents, or adult children. A co-owner of the property must be the co-applicant of the loan.

  • ✔️What is the maximum home loan amount that I can avail of?

    With Bajaj Markets, you can avail a loan of up to ₹15 Crores. However, the loan amount that you will receive will depend on factors such as the lending partner and your financial health.

  • ✔️What are the fees and charges for availing a home loan?

    In addition to your interest rate, you will have to pay a processing fee. The same will be adjusted from your final house loan amount. In some cases, the lender may also levy prepayment or foreclosure charges.

  • ✔️What if my application gets rejected?

    Depending on the reason for rejection, you can reapply. You can also negotiate with the lender or apply with a different lender.

Home Loan Glossary

  • LTV: This refers to the loan to value ratio, which is the amount you get as a home loan divided by the total property value. It is expressed in a percentage. So if you are buying a home worth ₹1 Crore and getting a housing loan of ₹80 Lakhs, your LTV is 80%.

  • Margin: This refers to the down payment you make towards buying a home. The margin is the amount the lender doesn’t finance and which you pay on your own. In the above example, your margin is ₹20 Lakhs.

  • Interest rate: This is the cost of borrowing a home loan and is denoted in a percentage. A high interest rate leads to larger EMIs and vice versa.

  • Fixed rate of interest: This refers to an interest rate that is fixed all through or up to a certain point of the tenure. This ensures your EMIs are the same during repayment.

  • Floating rate of interest: This refers to an interest rate that changes as per market conditions. It offers you the benefit of lower interest rates when applicable. Lenders usually keep your EMIs the same even in this case and tweak the tenure instead.

  • EMI: This refers to the monthly amounts split across the repayment duration by which you repay your home loan. EMIs stand for Equated Monthly Instalments and consist of both a principal component and the interest due on your loan. This amount is calculated as per your principal, interest rate and tenure.

  • Tenure: This refers to the timeline you choose to repay your home loan. It goes up to 30 years for on Bajaj Markets.

  • Offer Letter: This is a sanction letter sent by the lender as an official confirmation of your home loan request being approved. You can check the loan amount, tenure, interest and EMIs as well as other loan details in this letter.


    Remember, this letter doesn’t mean your loan is being disbursed. It gives you the details as you complete the loan processes and while the verification of the property is underway.

  • Disbursement: Disbursement means the lender has released or sent the home loan amount to your account on the approval of your application.

Latest Home Loan News

Bank of Maharashtra Slashes its Interest Rates by 20 BPS

Bank of Maharashtra has lowered its home loans interest rate by 20 basis points. The lowest interest rate now stands at 8.40%. Bank of Maharashtra’s interest rates are now among the lowest in the country. This is expected to attract new borrowers and push loan growth ahead of the financial year closure. The managing director of the Bank of Maharashtra, AS Rajeev said that, "It's a business strategy to further improve the quality of retail advances, especially home loan advances."


- Mar 15, 2023

LIC Housing Finance Hikes LIC Housing Prime Lending Rate (LHPLR) by 35 BPS

As per a press release from LIC Housing Finance Limited, home loan interest rates have been hiked by 35 bps which is effective from 26th December, 2022. It starts at 8.30% for an amount of up to Rs. 15 Crores for salaried borrowers with credit scores of at least 800 and at 8.40% for an amount of up to Rs. 5 Crores for those with credit scores between 750-799. For those with credit scores between 700-749, rates begin from 8.60% for an amount between Rs. 5 Crores and Rs. 15 Crores, and at 8.70% for an amount of up to Rs. 50 lakhs. For an amount between Rs. 50 lakhs and Rs. 2 Crores, their rates start at 8.90%.


For more information, kindly contact the lending institution.

- Dec 28, 2022

Home Financiers Cut Loan Rates To Keep Up With The Rising Demand Momentum

Housing financiers have slashed interest rates on home loans in order to keep up with the demand momentum that is being impacted by the rising prices of real estate, inflationary pressures and higher cost of borrowing.


According to the lenders, these special rates are offered to borrowers who have a good credit history, to support the demand for home loans by keeping the interest rates low during the peak season of home ownership.


Most lenders have also waived off their processing fees on balance transfers, new home loans and are providing special offers for women, and an additional discount based on the credit score of the borrowers.

- Nov 21, 2022