Home Loan for Government Employees – Features and Benefits
If you work for the government, Bajaj Finserv Home Loan for Government Employees can help you fulfil your wish of owning your own home at an affordable rate of interest, with a high loan amount and easy eligibility criteria.
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A Higher Loan Amount
You can avail a high loan amount ranging between Rs. 30 lakh and Rs. 10 crore.
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Home Loan Balance Transfer
You can switch your existing home loan from your current lender to Bajaj Finserv and get a lower home loan interest rate. You can also take a top-up loan amount of up to Rs. 50 lakh when you transfer your Home Loan balance to us.
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Zero Part-Prepayment and Foreclosure Charges
Bajaj Finserv does not levy any charges if you decide to part-prepay or foreclose the loan before the end of the tenor.
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Long Tenor
You get a long tenor ranging up to 25 years to repay the home loan in smaller, more affordable EMIs.
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Minimal Documentation
Bajaj Finserv requires minimal documents to process your loan request. Follow link for the complete list of required documents for Home Loan.
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Online Account Management
Bajaj Finserv lets you access your Home Loan for Government Employees anytime, anywhere, via the online customer portal.
Home Loan Eligibility Criteria for Government Employees
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You should be an Indian citizen
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You should be between 23 and 58 years old
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You should be a working professional with work experience of at least 3 years
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The minimum loan amount that you can avail is Rs.10 lakh and the maximum is Rs 3.5 crore
Home Loan Eligibility Calculator
Bajaj Finserv’s Home Loan eligibility calculator helps you know the loan amount you qualify for, easily.
Home Loan EMI Calculator
The Home Loan EMI calculator lets you know the exact EMI amount that you will need to pay on your loan.
Home Loan for Government Employees Interest Rates and charges
Bajaj Finserv offers affordable housing loan interest rate and transparent charges for Government Employees. These are:
| Types of Fees | Applicable charges |
|---|---|
| Interest rate | 8.10%** onwards (For salaried individuals) |
| Processing fees | Up to 1% of the loan amount for salaried individuals |
| Loan statement charges | NIL |
| Interest & principle statement charges | NIL |
| EMI bounce charges | Rs. 3,000 |
| Penal interest | 2% per month |
| Secure fee | Rs. 3,999 |
Apply for a Home Loan for Government Employees
Click here and fill an online application form to apply for your Home Loan in a few quick steps.
