Features and benefits of our home loan

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Home Loan - Features and benefits

Our Home Loan offers a sizeable loan and competitive interest rates. Know other benefits.

  • Loan amount of %$$HL-max-loan-amount$$%

    Loan amount of Rs. 15 Crore*

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

  • Low interest rates

    Low interest rates

    Salaried professionals can avail of the loan at low interest rates starting at 8.45%* p.a. Pay EMIs as low as Rs. 729/lakh*.

  • Approval in %$$HL-Disbursal-TAT$$%

    Approval in 48 Hours*

    Your loan will be approved within the next 48 Hours* or earlier in some cases, after your application submission.

  • Tenure of up to %$$HL-Tenor$$%

    Tenure of up to 40 years

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

  • Hassle-free application

    Hassle-free application

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

  • No foreclosure fee*

    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.

  • Balance Transfer

    Balance Transfer

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

  • 5000+ approved projects

    5000+ approved projects

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

  • Externally benchmarked interest rates

    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 62 years.
    *The upper age limit is considered as the age at the time of loan maturity.
  • CIBIL Score: A CIBIL Score of 750 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

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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 pin code, and choose ‘Salaried employee’ 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.

  • Did you know?

    You can avail of tax benefits on your home loan that can help you save on taxes.

  • Did you know?

    You can transfer your home loan to us and get additional benefit of top-up loan.

  • Did you know?

    You can calculate your EMIs by using our EMI calculator and plan better.

  • Did you know?

    A higher CIBIL Score will help you get better home loan interest rate.

Applicable fees and charges

We advise you to read about our fees and charges thoroughly before applying.

Type of fee

Applicable charges

Rate of interest

8.45%* to 14.00%* p.a.

Processing fees

Up to 7% 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

Up to 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 per request + GST as applicable

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

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 62 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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