When planning to transition from being a tenant to a proud homeowner, look no further. Avail a Bajaj Housing Finance home loan through Bajaj Markets and own your dream home at favourable loan terms.
With a home loan from Bajaj Housing Finance, you can avail funding of up to ₹2.5 Crores at budget-friendly interest rates starting from 8.85% per annum onwards.
What’s more, you can repay it over 30 years and even get a balance top-up if you require more money than you have borrowed. Here’s a quick read on the Bajaj Finance home loan eligibility check, interest rates and necessary documents to avail the loan.
Interest Rate |
8.85% p.a. onwards |
Loan Amount |
Up to ₹2.5 Crores |
Processing Fees |
Up to 7% of the loan amount (Depending on the amount disbursed) |
Penal Interest Rate |
Up to 2% |
Max Repayment Tenure |
Up to 30 years |
Types Available |
Fixed and floating interest rates |
Part-prepayment and Foreclosure Charges |
Nil for floating interest rates |
Disclaimer: Above-mentioned loan particulars are subject to change at the lender’s discretion.
Now that you know Bajaj Housing Finance home loan rates, here is a tabulated comparison with other lending partners on Bajaj Markets.
Name of the Financial Institution |
Interest rates (% p.a.) |
8.75% onwards |
|
9.00% onwards |
|
9.00% onwards |
|
8.65% onwards |
|
9.50% onwards |
|
10.90% onwards |
|
11.50% onwards |
Disclaimer: Interest rates are subject to change as per the change in the financial institution’s terms and policies.
As you are now familiar with Bajaj Finance home loan processing fees and interest rates, know the distinctive benefits you enjoy when availing a housing loan from Bajaj Finance.
Flexible Repayment: You can choose your home loan repayment tenure to up to 360 months. Also, there are no charges for prepayment or foreclosure with a home loan from Bajaj Housing Finance Limited.
Balance Transfer and Top-Up Options: Enjoy Bajaj Housing Finance home loan balance transfer or a top-up option on an existing home loan at nominal interest rates.
Simple Eligibility Criteria and Minimal Documentation: When availing a home loan from Bajaj Finance, you must meet easy and simple eligibility parameters for hassle-free approval. Post approval of a Bajaj Housing Finance home loan application and submission of documents, you can get the amount credited to your account within 48 hours.
Following are the Bajaj Housing Finance home loan eligibility criteria you must meet for loan approval:
You must be a citizen residing in India
You must be between the age of 23 and 62 years if you are a salaried professional
You must be between 25 and 70 years if you are self-employed
You need to have a CIBIL Score of 650 and above
Calculate your Bajaj Housing home loan eligibility criteria and check out factors that can help you improve the eligibility criteria.
For a Bajaj Housing Finance home loan, apply with the following documents if you are a salaried employee:
Proof of your address like Aadhaar Card/ Passport/ Driving Licence
Identity proof like PAN Card
Form 16 or your last salary slip
Bank statement for the last three months
As a self-employed individual planning to avail a Bajaj Finance home loan online, apply by submitting the following documents:
Proof of your address like 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
Here are the steps to apply for a Bajaj Housing Finance home loan on Bajaj Markets:
Step 1: Click on the ‘Apply Now’ tab in the ‘Home Loan’ section
Step 2: Fill in your personal and income details and get instant home loan eligibility
Step 3: Select Bajaj Housing Finance Limited from the list of partners and get going
Step 4: Find out the home loan amount you can avail
Step 5: Fill in your required home loan amount & details of the property
Step 6: Find out your loan details along with all the charges and net disbursal amount
Post this, a loan expert will connect with you to process your application further.
Some factors determining your maximum Bajaj Housing Finance home loan repayment tenure are risk profile, age at the time of loan maturity, age of the property you are buying and loan repayment terms.
Some of the available Bajaj Housing Finance home loan repayment options include tranche-based EMI, step-up repayment facility, accelerated repayment scheme, flexible loan instalments plan and telescopic repayment option.
Yes, you can quickly transfer your home loan to Bajaj Housing Finance Limited. But, before doing so, check the Bajaj Housing Finance home loan interest rates and consider the Bajaj Finance processing fee for a home loan before making the switch.
Having a co-applicant is not mandatory when availing a Bajaj Housing Finance Home Loan.
The disbursal time for a Bajaj Housing Finance Home Loan is 48 hours.
According to this provision, you can link your home loan to the repo rate. This helps increase transparency as you can monitor one of the prime factors affecting the home loan interest rates.
Yes, a guarantor may be required if you are a senior citizen who wishes to apply for a home loan.
Having a stable income along with a healthy credit score can improve your eligibility for a Bajaj home loan. You must always pay your dues on time and keep credit utilisation under 30% for a good credit score.
The minimum salary required to meet Bajaj Housing Finance housing loan eligibility is ₹25,000 per month.
You can avail a home loan of ₹ 25 Lakhs for 15 years from Bajaj Housing Finance at an interest rate starting from 8.85% per annum.
Yes. Section 24 and Section 80C of the Indian Income Tax Act of 1961 allow Indian residents to avail tax benefits on the principal amount as well as interest payments for a home loan.
You can avail a Bajaj Housing Finance home loan of up to Rs. 2.5 Cr on Finserv MARKETS.