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Home Loan for Salaried Individuals

Interest rates starting 8.50%* p.a. | Loan up to Rs. 15 cr* | Tenure up to 40 years*
Home Loan for Salaried Individuals
Interest rates starting 8.50%* p.a. | Loan up to Rs. 15 cr* | Tenure up to 40 years*
HL_PDP_01_Quick_Disbursal
Approval in 48 hours*
HL_PDP_02_Rupee
Top-up loan up to ₹ 1 crore*
HL_PDP_04_NoRestriction
No restriction on use of top-up loan
HL_PDP_06_ForeClosure
Foreclosure facility
HL_PDP_05_LowEMI
Benefit from low EMIs
HL_PDP_01_Quick_Disbursal
Approval in 48 hours*
HL_PDP_02_Rupee
Top-up loan up to ₹ 1 crore*
HL_PDP_04_NoRestriction
No restriction on use of top-up loan
HL_PDP_06_ForeClosure
Foreclosure facility
HL_PDP_05_LowEMI
Benefit from low EMIs
Home Loan EMI Calculator

Home Loan EMI Calculator

Plan your instalments better

Features and benefits of our home loan

  • Loan amount of Rs. 15 crore*

    Buy your dream home and secure your future. Avail of a sizeable loan of up to Rs. 15 crore*.

  • Low interest rates

    Salaried professionals can avail of the loan at low interest rates starting 8.50%* p.a.. Pay EMIs as low as Rs. 733/lakh*.

  • Approval in 48 Hours*

    Your loan will be approved within the next 48 Hours* of your application, in some cases, even earlier.

  • Tenure of up to 40 years*

    Benefit from our long repayment tenure of up to 40 years* and repay comfortably.

  • No foreclosure fee*

    Salaried individuals who choose floating interest rates can prepay a part of their loan or foreclose the entire loan without paying an additional fee.

  • Hassle-free application

    Skip numerous branch visits by opting for our doorstep document pick-up service and experience a comfortable application process.

  • Balance Transfer

    Use our home loan balance transfer facility and qualify for a top-up loan of up to Rs. 1 crore* or higher.

  • 5000+ approved projects

    Choose from our 5000+ approved projects to avail of a quick loan.

  • Externally benchmarked interest rates

    You can choose to link your interest rate to an external benchmark, such as the Repo Rate. This benefits you during favourable market trends.

*Terms and conditions apply
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Eligibility criteria and documents required

A salaried professional 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: You must be between the age of 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 salaried applicant, you must be employed with a stable income source from a public or a private company with a minimum of 3 years of work experience.

Documents required

  • KYC documents (identity and address proof)
  • Proof of income (latest salary slips), and
  • Account statements for the last 6 months

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

How to apply for a home loan

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.

Applicable fees and charges on our home loan

Type of fee

Applicable charges

Rate of interest

8.50%* to 15.00%* p.a.

Processing fees

Up to 4% of the loan amount

Bounce charges

For loan amounts up to Rs. 15 lakhs: Rs. 500

For loan amounts from Rs. 15,00,001 to Rs. 30,00,000: Rs. 1,000

For loan amounts from Rs. 30,00,001 to Rs. 50,00,000: Rs. 1,500

For loan amounts from Rs. 50,00,001 to Rs. 1,00,00,000: Rs. 2,000

For loan amounts from Rs. 1,00,00,001 to Rs. 5,00,00,000: Rs. 3,000

For loan amounts from Rs. 5,00,00,001 to Rs. 10,00,00,000: Rs. 5,000

For loan amounts more than Rs. 10 crores: Rs. 10,000

Penal interest

24% per annum in addition to the applicable interest rate on the overdue amount.

Secure Fee

Up to Rs. 10,000 + GST as applicable

Interest and Principal Statement Charges

NIL

Part-prepayment charges

NIL

Foreclosure Charges

NIL

Hard Copy Loan Statement Charges

Up to Rs. 500 + GST as applicable

Frequently asked questions

What is a home loan?

A home loan is a credit borrowed from a financial institution to buy a home. The loan is given at an interest rate depending on your profile. While taking the loan, you choose a repayment period to pay back the amount (principal) and interest in equated monthly instalments (EMIs). You can either choose a fixed interest rate or a floating interest rate.

What is the maximum home loan that I can get?

You can easily get a home loan of Rs. 15 crore* or even higher from Bajaj Finserv if you meet our eligibility criteria. The sanctioned loan amount depends upon essential factors like age, income profile, CIBIL Score, and among other criteria.

Are salaried professionals eligible for a home loan?

Salaried professionals are eligible for a home loan provided they are resident Indian citizens between the age of 23 years to 70 years. They should have a stable income source from a public or a private company with a minimum work experience of 3 years.

What documents do salaried professionals require for a home loan application?

A salaried individual applying for a fresh home loan with Bajaj Finserv must have the listed documents:

  • KYC documents (address and identity proof)
  • Proof of income (6 months’ salary slips)
  • Last 6 months' account statements
How long does it take to get a home loan sanction from Bajaj Finserv?

Once you have submitted all the essential documents, the loan amount will be approved within 48 Hours*. In some cases, it can get sanctioned even earlier.

* Terms and conditions apply

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.