Bajaj Housing Finance Home Loan Eligibility Calculator

We, at Finserv MARKETS, understand the importance of financial planning and hence, our easy to use Home Loan Eligibility Calculator does just that! With this online Home Loan Eligibility Calculator, you can calculate the exact amount of money you will receive as a home loan. All you need to do is, provide the following inputs to the calculator:

  • Your city of residence

This is an important criterion because the property values differ across cities.

  • Your monthly income

This helps us to understand your repayment capacity to facilitate the lending process.

  • Any existing EMIs or loans

This enables us to determine your credit history. Once all the details have been provided, our Home Loan Eligibility Calculator will do an online calculation of the home loan amount that you can apply for with Finserv MARKETS.

How To Use Bajaj Home Loan Eligibility Calculator

Consider Naresh, an employee in a leading company. His salary break-up is mentioned below:





Basic Salary

Rs. 32000

Income Tax

Rs. 3300


Rs. 900

Provident Fund

Rs. 2200


Rs. 10000




Rs. 9000



Special Allowance

Rs. 55000



Medical expenses

Rs. 2000




Rs. 1,08,900

Net Income

Rs. 1,03,400

Let assume that Naresh has no loans or liabilities at present and his net available income is Rs.1,03,400. However, one must always remember that Leave Travel Allowance and medical allowance is not taken into consideration by the bank while calculating the salary. This is because these expenses are not derived by an individual with his/her salary. Hence, Naresh will only get these amounts as reimbursements, in case he spends on medical needs or travel requirements.

The bank deducts LTA and medical expenses from the net income. Naresh’s net income now stands at Rs.1,03,400 – Rs.(9,000 + 2,000), which is equal to Rs.92,400. Thus, the loan eligibility for Naresh stands at Rs.92,400 x 60 = Rs.55,44,000. For home loan, EMIs are restricted to a maximum of 40% to 50% of the net income by most banks. This concludes that you are eligible for a home loan where the EMI is not more than 50% of your monthly income.

Bajaj Housing Finance Home Loan Eligibility Based on Salary

Your net monthly income determines your home loan servicing capacity. To be eligible for a home loan you must be a salaried individual with at least three years of experience in your respective field. It determines how much home loan EMI you are capable of paying after covering all your living expenses based on your standard of living. Example: If your salary is Rs. 25,000 and the value of a house you are buying is Rs. 40 Lakhs, then an interest rate of 8.15% offered by Finserv MARKETS, the loan amount that you will be eligible for would be Rs. 38.43 Lakhs to Rs. 45.06 Lakhs depending on your age.

Similarly, if your salary is Rs. 75,000, you might be eligible for a loan amount of Rs. 76.85 Lakhs to Rs. 90.13 Lakhs for the same property at the same rate depending on your age at the time of your home loan application.

Calculate your eligibility with Home Loan Eligibility Calculator and apply for eligible loan amount with Finserv MARKETS.

Bajaj Housing Finance Home Loan Eligibility Based on Age

The applicant's age plays an important role in determining your eligibility and loan repayment capacity for a home loan. The lower your age higher will be the time period available to repay the loan, this means you are eligible for a higher loan amount. You need to be between the age group of 23 to 62 to be eligible for a home loan.

To calculate your Home Loan Eligibility, you can take the help of a Home Loan Eligibility Calculator, to get an exact amount of money that you are eligible to receive as a home loan. Once you confirmed your loan eligibility you can apply for a home loan amount ranging from Rs. 10 Lakhs to Rs. 2.5 Crore. This makes it easier for you to purchase your dream home without worrying about your finances.

How To Apply for Bajaj Housing Finance Home Loan

Here are the steps to apply for Bajaj Housing Finance Home Loan on Finserv MARKETS.

  • Enter Personal Details

Enter your personal and income details and get instant home loan eligibility.

  • Choose your Lending Partner

Select Bajaj Housing Finance Limited from the list of partners and proceed further.

  • Estimate Borrowing Power

Find out the home loan amount you could possibly avail.

  • Mention Requirement & Property Details

Fill your required home loan amount & details of the property.

  • 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 further process your application.

Documents Required For Bajaj Housing Finance Home Loan

If you are a salaried employee:

  • A proof of your address like Aadhaar Card/ Passport/ Driving License
  • 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 Aadhar Card/ Passport/ Driving License
  • Identity proof like PAN Card
  • The bank account statement for the last 6 months
  • ITR for the last 2 Financial Years
  • Business vintage proof like Certificate of Incorporation, Shop Act etc. 

Frequently Asked Questions

  • ✔️What is an eligibility calculator for home loan?

    The eligibility calculator for home loan lets you know the amount that you can avail as a home loan.

  • ✔️What factors determine home loan eligibility?

    Home loan eligibility depends on monthly income, age, CIBIL Score, city of residence etc.

  • ✔️How can you improve Bajaj home loan eligibility?

    You can improve your eligibility by maintaining a good CIBIL Score, have a stable source of income etc.

  • ✔️How to use Bajaj Housing Finance Home Loan Eligibility Calculator?

    Using the Bajaj Housing Finance Home Loan Eligibility Calculator is very easy. All you need to do is enter your monthly income, city of residence and EMI payable per month. And, you can unlock your eligibility amount.

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