Home loan eligibility criteria

Read on to know the criteria required to apply for our home loan

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Eligibility criteria and documents required

Anyone can apply for our home loan as long as they meet the criteria mentioned below.

Eligibility criteria

  • Nationality: You must be an Indian citizen residing in India.
  • Age: A salaried applicant must be between 23 years to 65 years, and a self-employed professional must be between 23 years to 70 years.
    *The upper age limit is considered as the age at the time of loan maturity.
  • CIBIL Score: A CIBIL Score of 725 or higher is ideal to get a home loan.
  • Occupation: salaried employee, a professional individual, and a self-employed individual.

Documents required:

  • KYC documents (identity and address proof)
  • Proof of income (salary slips or P&L statement)
  • Proof of business (for self-employed applicants), and
  • Account statements for the last 6 months

Note: This is an indicative list that may change based on your actual loan application.

More details

If you fall under the eligible age limit, you can simply apply for a home loan. To qualify for a home loan with Bajaj Finserv, you should have a CIBIL Score of 725 or above.

We provide home loan in most cities in India at affordable interest rates. You can easily apply for a loan with us if you are a doctor, a self-employed professional, or a salaried professional.

Any eligible candidate can apply as long as they match the required income profile. You will have to provide proof of income or business when applying for the loan. After your home loan documents are verified, your final loan amount is approved.

Still haven’t found what you are looking for? Click on any of the links at the top of this page.

How to apply for a home loan

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Step-by-step guide to applying for a home loan

  1. Click on the 'APPLY' button on this page.
  2. Enter your full name, mobile number, and employment type.
  3. Now select the type of loan you wish to apply for.
  4. Generate and submit your OTP to verify your phone number.
  5. Upon OTP verification, enter additional details like your monthly income, required loan amount, and if you have identified the property.
  6. In the next steps, enter your date of birth, PAN number and other details as requested depending on your selected occupation type.
  7. Click on the ‘SUBMIT’ button.

That is it! Your application is submitted. Our representative will connect with you and guide you through the next steps.

Home Loan Eligibility Criteria FAQ

Can I take home loan for 5 years?

Yes, it is possible to take a home loan for 5 years. However, the availability and terms of the loan may vary depending on the lender and your eligibility. You can check your home loan eligibility by using our home loan eligibility calculator.

Can I take home loan for 3 years?

Typically, home loans have longer repayment tenures ranging up to 40 years. However, you may opt for a shorter loan tenure, such as 3 years depending on your eligibility and the specific terms and conditions of the lender. Keep in mind that shorter loan tenures usually result in higher monthly instalments, so it is essential to assess your financial planning before opting for a shorter tenure.