Home loan eligibility and documents for self-employed individuals

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 self-employed applicant 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.
  • Employment status: As a self-employed applicant, you should have a business continuity of over 5 years in the current business.

Documents required:

  • KYC documents (identity and address proof)
  • Proof of income (P&L statement)
  • Proof of business existence, 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

You can easily apply for a home loan if you are within the eligibility age range. An individual who is self-employed needs to have a CIBIL Score of 725 or higher to be eligible for a loan.

It's quite simple to apply for a Bajaj Finserv home loan. You can quickly obtain a house loan that is approved if you meet the eligibility requirements for age and income. Any self-employed individual between the ages of 23 years to 70 years may apply as long as they match the required income profile.

We offer house loans in the majority of Indian cities at low interest rates. After fulfilling certain requirements, a self-employed individual can easily apply for a house loan with us. After the documents you provided 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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A 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 pin code, and choose ‘Self-employed’ as the 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 PAN number and any 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.