What is Home construction loan?

Home Construction is a kind of secured loan for individuals seeking financial support to construct a house on a vacant plot. Cover all expenses, right from planning to execution, effortlessly with this feature-rich secured loan.

Make the dream of constructing your own house come true with the Bajaj Finserv Home Construction Loan and enjoy the benefit of expedited loan processing and this helps minimise delays greatly. Notable loan features include easy approvals, quick disbursal, and online loan tools to ensure a convenient experience all through.

Features and benefits of the home construction loan

  • Money in hand

    Ample loan amount

    Avail a sizable sanction with the Bajaj Finserv Home Construction Loan to jumpstart your construction process.

  • Calendar

    Flexible tenor options

    Opt for a comfortable repayment plan that ranges up to 40 years and ensure you never miss an EMI.

  • Quick processing

    Super quick turnaround time

    No more long waits for funding as the funds get disbursed into your bank account with in just 48 Hours*.

  • High loan amount

    Speedy disbursal

    Once approved, get access to the entire sanction in an account of your choosing without a long wait.

  • Brokerage Rs. 5/order

    Easy refinancing benefits

    Refinance an existing loan with Bajaj Finserv for better terms and avail a top-up loan of up to Rs. 1 crore for all home construction expenses.

  • Online account management

    Online loan management

    Use the Bajaj Finserv App to stay informed about your loan details, upcoming EMIs and other key loan information.

  • Percentage sign

    Tax benefits

    Avail tax benefits on your under construction property up to Rs. 3.5 lakh annually on loan payments.

Interest Rate on Home Construction Loan

Loan Type Home Loan
Interest Rate Type Floating
For salaried applicants 8.50%* to 15.00%* p.a.
For self-employed applicants 9.10%* to 15.00%* p.a.

Eligibility criteria for home construction loan

  • Nationality



  • Age


    23 years to 70 years* for salaried individuals, 23 years to 70 years* for self-employed

  • Employment

    Employment status

    At least 3 years of experience for salaried individuals, at least 5 years of business continuity for self-employed individuals.

  • CIBIL score

    CIBIL score

    750 or higher

Documents required for home construction loan

  • KYC documents:
    1. Passport
    2 .Driving License
    3. Voter’s Identity Card
    4. Aadhaar Card
    5. Job Card issued by NREGA duly signed by an officer of the State Government
    6. Letter issued by the National Population Register
  • PAN card

Home construction loan fees and charges

Our home construction loan comes at an attractive housing Loan interest rate along with other nominal fees. You can also use the EMI Calculator to know the cost of borrowing before you avail funds and to plan your loan efficiently.

How to apply for a home construction loan with Bajaj Finserv

Learning how to apply for a home loan is a simple and quick undertaking. Follow this easy guide to successfully finish your application.
  1. 1 Log on to the webpage and click ‘Apply Online’
  2. 2 Verify your profile by entering basic details and the OTP sent to your mobile
  3. 3 Enter the loan amount and ideal tenor
  4. 4 Input your personal, employment, financial and property-related information
  5. 5 Submit your application

After completing the form, wait for our representative to contact you with further instructions within 24 hours* of making your application.

*Terms and conditions apply

**Indicative list only. Additional documents may be necessary.