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 |
8.45% p.a. onwards |
Loan Amount |
Up to ₹15 Crores |
Repayment tenure |
Up to 40 years |
Processing Fee |
Between 0.5% and 6% of the loan amount |
Part-payments |
Must be at least 2 months’ EMI or more |
Foreclosure |
Possible after 6 -12 EMIs, as per lender’s terms |
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 |
8.45% p.a. onwards |
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8.50% p.a. onwards |
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9.00% p.a. onwards |
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9.50% p.a. onwards |
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8.50% p.a. onwards |
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8.65% p.a. onwards |
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10.90% p.a. onwards |
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11.50% p.a. onwards |
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*Disclaimer: The values mentioned are applicable as of June 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.
Year | Principal | Interest | Balance |
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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 |
Nationality |
Resident of India |
Resident of India |
Age |
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.
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.
Enter the required details in the application form.
Choose your preferred lending partner.
Estimate your borrowing power.
Mention Property Details.
Get Loan Approval.
Here are some of the tips to avoid rejection of your house loan application:
Do’s |
Don’ts |
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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.
You can apply for a house loan at Bajaj Markets in a few simple steps:
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.
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.
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.
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.
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.
Depending on the reason for rejection, you can reapply. You can also negotiate with the lender or apply with a different lender.
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 40 years 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.