Apply for Bajaj Finance Home Loan

Bajaj Housing Finance Home Loan

Smooth Online Process | Minimal Documentation | Flexible Repayment

✓ Home Loan from ₹5 Lakhs To ₹5 Cr ✓ Multiple Lending Partners ✓ Attractive Interest Rates

Planning to make the transition from being a tenant to a proud homeowner? A Bajaj Housing Finance Home Loan that can be availed through Bajaj MARKETS can help you do just that.

Through Bajaj Housing Finance, you can avail funding of up to ₹5 Crores and the interest rates just start at 7.10% per annum onwards. What’s more, you can repay it over as long as 30 years and even get a balance top-up if you feel you could use more money than what you have borrowed.

Bajaj Housing Finance Home Loan Details

Interest Rate

7.10% p.a. onwards

Loan Amount

Up to ₹5 crores

Processing Fees

0.50% of the loan amount up to 6% (Depending on the amount disbursed)

Penal Interest Rate

Up to 2%

Max Repayment Tenure

Up to 30 years

Types Available

Fixed and Floating Interest Rate

Bajaj Home Loan Interest Rate 2022

Particulars

Interest Rate

Salaried Floating Reference Rate

7.10% p.a.

Self-Employed Floating Reference Rate

8% p.a.

Bajaj Housing Loan Features & Benefits

  • Flexible Repayment: Customers are free to choose their home loan repayment tenure up to 360 months. Also, there are no charges for prepayment or foreclosure with a home loan from Bajaj Housing Finance Limited.

  • Pradhan Mantri Awas Yojna: Through this government scheme, the first-time home buyers get an additional benefit of availing interest subsidy of up to 6.50% (maximum interest subsidy amount of Rs. 2,67,280) on home loan.

  • 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.

Bajaj Housing Finance Home Loan Eligibility

Following are the eligibility criteria to avail a Bajaj Housing Finance Home Loan:

  • The applicant must be a citizen residing in India.

  • The applicant must be between the age of 22 and 62.

  • The CIBIL Score of 650 and above is highly recommended.

Calculate your Bajaj Housing Home Loan Eligibility Criteria and also check out factors determining on improving eligibility criteria.

Documents Required for Bajaj Housing Finance Home Loan

  • If you are a salaried employee:

  • A proof of your address like Aadhaar Card/ Passport/ Driving Licence

  • Identity proof like PAN Card

  • Form 16 or alternatively your last salary slip

  • Bank statement of the last 3 months

  • If you are self-employed:

  • A proof of your address like Aadhaar Card/ Passport/ Driving Licence

  • Identity proof like PAN Card

  • The bank account statement of past 6 months

  • ITR for the last 2 Financial Years

  • Business vintage proof like Certificate of Incorporation, Shop Act etc

Bajaj Housing Finance Home Loan EMI

You can calculate your Bajaj Finance Home Loan EMI (Equated Monthly Instalment) through the formula given below:

Bajaj Housing Finance Home Loan EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

where,

  • EMI is Equated Monthly Instalment,

  • P is the principal amount,

  • R is the monthly rate of interest, and

  • N will be the Bajaj Housing Finance Home Loan repayment tenure (in months).

Alternatively, you can also use your Home Loan Calculator tool on Bajaj MARKETS.

How to Apply for Bajaj Housing Finance Online

Here are step by step process for applying Bajaj Housing Finance:

  • Step 1: Enter Personal Details - Fill in your personal and income details and get instant home loan eligibility.

  • Step 2: Choose your Lending Partner - Select Bajaj Housing Finance Limited from the list of partners and get going.

  • Step 3: Estimate Borrowing Power - Find out the home loan amount you could possibly avail.

  • Step 4: Mention Requirement & Property Details - Fill your required home loan amount & details of property.

  • Step 5: Unlock Final Details - 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.

Bajaj Housing Finance Home Loan Schemes

  • Regular home loan: This is your standard financing option in which you avail a loan to either purchase a newly-constructed property or a resale property.

  • Home loan balance transfer: Under this, you get your outstanding home loan balance transferred to us so that you can enjoy the benefits that you can only get with Bajaj Housing Finance.

  • Home loan for professionals: Bajaj Housing Finance also offers tailor-made housing finance solutions to the working professionals of the country.

  • Home renovation loan: Home renovation loans are a form of top-up that you can avail from Bajaj Housing Finance wherein you can use the top-up amount for improving your newly-bought home.

Why Choose Bajaj MARKETS for Bajaj Housing Home Loan

  • Fast Online Process: Now get an online home loan with easy approval and disbursal process.

  • Minimal Documentation: Get the best home loan offers hassle-free, without any tedious paperwork.

  • Transparency Guaranteed: No hidden charges, no dubious policies, just 100% transparency – that’s what you get with Bajaj Housing Finance Home Loan.

  • Custom-made Loans: Finance your dream home with easy home loans designed to meet your specific requirements.

  • Trusted Companion: Customers across the country have sought financial enablement from us. Give us a chance and we won’t let you down.

Bajaj Housing Finance Home Loan Customer Care

If you are a new customer, you must contact Bajaj Housing Finance on 1800-103-3535. If you are an existing BHFL customer, you should call 8698010101.

Bajaj Housing Home Loan FAQs

  • ✔️What are the factors that will define the tenure for my home loan?

    Some of the factors that will determine your maximum Bajaj Housing Finance home loan repayment tenure are:

    • Your risk profile

    • Your age at the time of loan maturity

    • Age of the property you are buying, and

    • Your loan repayment terms

  • ✔️What are my loan repayment options?

    Some of the Bajaj Housing Finance home loan repayment options available to you are:

    • Tranche Based EMI

    • Step Up Repayment Facility

    • Accelerated Repayment Scheme

    • Flexible Loan Instalments Plan

    • Telescopic Repayment Option

  • ✔️Can I transfer my existing home loan to Bajaj Housing Finance Limited?

    Yes, you can easily transfer your home loan to Bajaj Housing Finance limited. But, before you do so, you must check the Bajaj Housing Finance Home Loan interest rates and make account of all other associated charges before making the switch.