✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 8.50% Apply Now

There are numerous banks, NBFCs, and financial institutions that offer low-interest home loans to private employees. Read on to learn more about home loans offered to private employees.

Salient Features of Home Loans for Private Employees

Higher Sanction

Home loans for private-sector employees can go as high as ₹15 Crores or even more, depending on your eligibility and the terms of the lender.

Affordable Interest Rates

On Bajaj Markets, the interest rate on home loans starts from 8.50%, making repayment easy and affordable.

Flexible Repayment Tenure

You can avail of a house loan for a tenure as high as 40 years.

Overdraft Facility

With this facility, you can withdraw additional funds up to an agreed limit.

Simplified Flexible Prepayment

Most lenders allow you to make prepayments after reaching a certain tenure.

Easy Insight

Due to the availability of digital tools like web portals and mobile applications, you can get a quick insight into your loan details. Check your balance, due dates and more at any time and from anywheREAD MOREre. READ LESS

Home Loans Offered by Banks/NBFCs to Private Employees

Several banks, NBFCs and financial institutions offer attractive housing loans for private employees. Here is a look at the offers from top lending institutions:


Starting Interest Rate 

Processing fee

Bajaj Housing Finance Limited

8.45% p.a.

Up to 7% of the loan amount


9.00% p.a.

Up to 2% of the loan amount or ₹3,000 whichever is higher in addition to administrative charges of 0.25 % of facility amount or ₹ 5000/- whichever is lower + applicable taxes

LIC Housing Finance

8.50% p.a. (Up to ₹2 Crores)

8.70% p.a. (between ₹2 Crores and ₹15 Crores)

0.25% to ₹50,000 + GST (depending on the loan amount)

PNB Housing Finance Limited

8.50% p.a.

Up to 1% of the loan amount

Home First Finance Company

8.00% p.a.

1.50% + GST onwards

IDFC First Bank

8.85% p.a.

Up to 3% of the loan amount

Shubham Housing Finance

10.90% p.a.

₹4,000/- + 3% of the loan amount + GST

Shriram Housing Finance

9.50% p.a

Up to 2.5% of the loan amount plus applicable taxes

Disclaimer: The above rates and charges are subject to change at the lender’s discretion.

Home Loan Eligibility Criteria for Private Employees

Check out some basic home loan eligibility criteria that private employees must fulfil:

  • Nationality: Indian

  • Employment Status: Minimum experience of 3 years

  • Minimum monthly income: City-specific

Home Loan Documents Required for Private Employees

There are a few documents you will need to submit when applying for a home loan for private employees.

  • KYC Documents (Either passport, Aadhaar Card, Voter ID card, or Driving Licence) 

  • Employee ID card 

  • Past 2 months’ salary slips

  • Past 3 months’ bank account statements

  • Documents related to the property


Remember that the eligibility terms and documents needed will vary depending on the lender you choose. So, check the specific requirements set by the lender to ensure you have all the essential paperwork.


Now that you know the key details of a home loan for private employees, you can easily compare different lenders and opt for one which fulfils your needs the best. Additionally, you can use the home loan EMI calculator to get an estimate of your repayment amount and borrowing costs for different offers.

FAQs on Home Loans for Private Employees

Do home loans depend on salary?

Yes. Your income plays a role in the home loan amount you receive. This is because one of the eligibility criteria is your monthly salary. However, it is not the only criterion. Your credit score plays an equally important role.

How much home loan can a private employee get?

The amount of home loan for private employees depends on the income and other eligibility criteria. Generally, a higher income will increase your chances of getting a higher loan amount. It can range anywhere from ₹25 Lakhs to ₹15 Crores or more in some cases.

Which bank offers home loans to private employees?

There are numerous banks and financial institutions that offer attractive housing loans for private employees. Some of these are ICICI Bank, Union Bank of India, Bajaj Housing Finance Ltd., and LIC Housing Finance.

What is the interest rate on home loans for private employees?

The interest rate for home loans depends on the financial institution or lender you choose. On Bajaj Markets, you can find home loan offers starting at 8.50% per annum from leading lenders.

How do I qualify for a home loan?

The qualification or eligibility criteria vary by lender, but common factors include your credit score, income, employment history, and debt-to-income ratio. If you have a reliable guarantee or collateral, your chances of successfully availing of a home loan will increase. 

What documents do I need to apply for a home loan?

Commonly required documents include identity proof, tax returns, bank statements, employment verification, and ID. Your lender will provide a specific list based on the property for which you require the loan.

Loan Offer
Download App
Credit Score