Online Home Loan

Online Home Loan

Hassle-free and time saving, Bajaj Housing Finance Online Home Loans are designed to fulfil all your mortgage needs online – be it buying your first home or refinancing your current home loan. Our Online Home Loans are not only fully digital but also offer faster approvals and a host of other additional benefits.

You can now avail of quick approval of your home loan, assuring you that the sanctioned loan amount that will be disbursed within a validity period. Not only does this provide a clarity of budget but it makes the entire process safe, fast, and convenient.

Here's a look at the 4-step journey of applying for the Bajaj Housing Finance Online Home Loan.

  • Loan application

    Complete the online loan application form by filling your personal/professional/property details.

  • Offer generation

    The loan application is validated, post which the loan offer is generated.

  • Digital Sanction Letter

    Get a Digital Sanction Letter within minutes of your application by paying a nominal fee. What’s more, the sanction letter comes with a validity of 6 months, allowing your sufficient time to finalize the property.

  • Loan disbursal

    Connect with us on within the 6-month validity period to avail of the loan.

  • Online Home Loan – Features and Benefits

  • Faster processing and approval

    Get a Digital Sanction Letter instantly when you apply for an Online Home Loan with Bajaj Housing Finance. The sanction letter is valid for 180 days; you can submit it any time during the validity period and avail of the loan.

  • Hassle-free and comfortable

    No more tedious processes or paperwork. With an end-to-end online process, our Online Home Loan lets you complete all the loan formalities from the comfort of your home.

  • Easy E-balance transfer facility

    Reduce your Home Loan EMIs by transferring your existing Home Loan to Bajaj Housing Finance at a lower interest rate with minimal documentation.

  • Interest subsidy under PMAY

    Bajaj Housing Finance is a Primary Lending Institution registered with the Central Nodal Agency. Get a subsidy on the interest rate on your home loan when you apply through the Pradhan Mantri Awas Yojana.

  • Online part-prepayment and foreclosure facility

    No charges on online part-prepayment or foreclosure of your home loan.

  • Flexible tenor

    Repay comfortably over a tenor of up to 30 years with Bajaj Housing Finance.

  • Online account management

    Manage your home loan account through our digital customer portal, where you can access your loan details from anywhere, any time.



    Note: The PMAY subsidy scheme has been not extended by the regulatory authority for MIG I and II categories. Please check the category-wise scheme validity below.

    1. EWS and LIG categories are valid up to 31 March 2022

    2. MIG I and MIG II categories were valid up to 31 March 2021

Online Home Loan – Frequently Asked Questions (FAQs)

What Is An Online Home Loan?

Online Home Loan is a combination of our existing home loan offerings with the advantage of a digital application process. Individuals can submit the application form with the necessary documents from the comfort of their home and download a digital sanction letter instantly. These new offerings come with our existing ones, which include a competitive rate of interest, a flexible repayment tenor, and doorstep service.

What Is A Home Loan Digital Sanction Letter?

A Home Loan digital sanction letter serves as a document confirming the approval and sanction of your mortgage loan. It carries all necessary details, including the loan amount approved, the repayment tenor, etc.

What Is The Validity Of The Home Loan Digital Sanction Letter?

A Home Loan digital sanction letter from Bajaj Housing Finance comes with a validity extending up to 6 months or 180 days. Once the sanction letter is issued, submit it to us any time within the validity period and receive quick disbursal.

What Are The Documents Required For The Online Home Loan?

The documents required for an Online Home Loan include OVDs for KYC as identity and address proof. Apart from these, self-employed applicants must submit financial statements of their business for the last 2 years and documents supporting proof of business continuity for 5 years. Salaried applicants need to submit their latest salary slips/Form 16 and bank account statements for the last 6 months.

What Is The Tenor Of An Online Home Loan?

Borrowers can avail of an Online Home Loan for a tenor extending up to 30 years. Opt for a suitable tenor and repay the loan conveniently. Utilise an Home Loan EMI calculator to choose an appropriate tenor to make EMIs affordable.

How Long Does It Take To Get A Digital Sanction Letter For A Home Loan?

You can get a digital sanction letter for a Home Loan instantly after your application. Post verification of your online loan application with Bajaj Housing Finance, you can download the digital sanction letter within minutes against the payment of a nominal fee.

What Are The Fees And Charges For The Home Loan Digital Sanction Letter?

You only need to pay a nominal charge to download the Home Loan digital sanction letter once it is issued after loan approval. Bajaj Housing Finance also keeps other fees and charges nominal to keep the loan affordable. Foreclosure and part-prepayment attract nil charges for individual borrowers availing of the loan at a floating interest rate.

Can I Get A PMAY Subsidy On An Online Home Loan?

Yes, the benefits of the Pradhan Mantri Awas Yojana are applicable to an Online Home Loan as well. Bajaj Housing Finance is registered with the Central Nodal Agency, which ensures that eligible borrowers get a subsidy on the payable interest. Applicants will need to apply on the Pradhan Mantri Awas Yojana portal to avail of the subsidy.

Can You Transfer The Balance On Your Existing Home Loan Through The Online Home Loan Option?

Yes, you can transfer the outstanding amount on your existing home loan to Bajaj Housing Finance through the Online Home Loan Balance Transfer facility. Switch today for a lower rate of interest and better lending terms.