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Home Construction Loan

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About Home Construction Loan

It’s time to make your dream of constructing your own house come true. Home Construction Loans offered by Bajaj Finserv are tailored for individuals seeking financial support to construct a house on a vacant plot. Starting from planning to execution, cover diverse expenditures effortlessly with this exclusive secured loan.

The unique feature of this advance is that loan disbursements are in the form of instalments as per the requirements of the borrower.

As the borrower, place your disbursal requests whenever you require the funds, and we shall release the amount based on the stage of construction. You need not go through the hassle of managing cash, but simply focus on your project.

Additionally, save extra by paying interests only on the funds used instead of the total principal.


Home Construction Loan: Features and Benefits

  • High-value Financing

    Construction of a house requires ample funds to meet the requirements adequately. Apply for higher amounts of up to Rs. 3.5 Crore with Bajaj Finserv’s Home Construction Loan and meet the expenses effectively.

  • Convenient Repayment Tenor

    Avail the flexibility to select a convenient schedule with this secured loan. Consider your repayment ability and financial obligations to reduce any monetary burden.

  • Quick Approval

    You need not wait for days to get loan approval. With Bajaj Finserv, go through a simple Home Construction Loan process of application and enjoy quick approval within a few minutes.

  • Faster Loan Disbursement

    Get your loan amount disbursed post approval within 72 hours. We ensure to process your draw requests faster yet smoothly on time.

  • Hassle-free Balance Transfer Facility

    Easily refinance your current Home Construction Loan and avail attractive rates of interest with Bajaj Finserv’ Balance Transfer Facility. Additionally, receive exclusive benefits like prepayment facility, top-up loans, etc. with minimal documentation.

  • High-value Top-Up Loan

    Opt for exclusive top-up loans of high value on your existing home loan with no other documents or charges. Use this fund to cover other related expenditures towards your construction project.

  • Easy Access to Loan Account Online

    Be updated about your loan details, repayment schedule, upcoming EMIs, interest payable, etc. with easy online account management. Log in to your loan account or use the Bajaj Finserv App any time at your convenience, round the year.

  • Enjoy Home Loan tax benefits

    According to the Indian Income Tax Act 1961, borrowers are eligible to claim tax benefits against the interest and the principal amount repaid. Currently, exemption on interest amount is up to Rs. 2 Lakh and that on principle is up to Rs. 50,000. With us, avail tax benefits on your under construction property, and save more with this financial choice.

Home Construction Loan: Eligibility and Documents

Bajaj Finserv ensures this Home Loan is accessible to borrowers with a pan-India coverage. Our simple eligibility criteria along with minimal documentation are easy to follow and fulfil.

Use the online Home Loan Eligibility Calculator to evaluate the amount you are eligible for.


Home Construction Loan Interest Rates & Other Charges

Reduce unnecessary financial burden with Home Construction Loans. Bajaj Finserv offers attractive housing Loan interest rate along with other nominal fees and transparent terms.

Listed below are the fees and charges associated with this secured loan.


  • Rates of Interest
  • Applicable charges
  • Regular rate of interest for self-employed borrowers
  • Between 9.35% and 11.15%
  • Regular rate of interest for salaried borrowers
  • Between 9.05% and 10.30%
  • Promotional rate of interest for salaried individuals
  • Starting from 8.30%** for credit up to. Rs. 30 Lakh
  • Bajaj Finance Limited Floating Reference Rate for Self-Employed customers
  • (BFL-SE FRR) 20.90%
  • Bajaj Finance Limited Floating Reference Rate for Salaried customers
  • ((BFL-SAL FRR) 20.90%
  • Other Associated Fees
  • Charges Levied
  • Principal and interest statement fees
  • 0
  • EMI bounce rates
  • Rs. 3,000
  • One time secure fee
  • Rs. 9,999
  • Penalty charges
  • 2% every month + applicable taxes
  • Loan statement charges
  • Rs. 50
  • Processing charges (self-employed borrowers)
  • Up to 1.20%
  • Processing charges (salaried borrowers)
  • Up to 0.80%
  • Mortgage orientation fee (non-refundable)
  • Rs. 1,999



Types of borrower Type of interest Period Foreclosure charges
All borrowers Fixed rates Over 1 month 4% charge + taxes chargeable
Individual Floating rates Over 1 month 0
Non-individual Floating rates More than 1 4% charge + taxes chargeable
Types of borrower Type of interest Period Part-prepayment charges
All borrowers Fixed rates Over 1 month 2% charge + taxes chargeable
Individual Floating rates Over 1 month 0
Non-individual Floating rates More than 1 2% charge + taxes chargeable

Try the Loan EMI Calculator which computes the monthly payments towards the home construction loan repayment and apply according to your requirement.


How to Apply?


It's easy and hassle-free to apply for a Home Construction Loan with Bajaj Finserv. Log in to the official page of online application form, enter all the correct data as required, recheck and submit.


Read in details how to apply for a Home Loan, and then proceed for the advance.


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