Features and benefits of our home loan

Features and benefits of our home loan 00:38

Home Loan - Features and benefits

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

  • Loan of %$$HL-max-loan-amount$$%

    Loan of Rs. 15 Crore*

    Buying a home is a dream come true. Get a sizeable loan of up to Rs. 15 Crore* to fulfil your wish.

  • Low interest rates

    Low interest rates

    Self-employed applicants can avail of a loan with low interest rates starting from 9.10%* p.a..

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

    Approval in 48 Hours*

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

  • Tenure of up to 20 years*

    Tenure of up to 20 years*

    Pay back your home loan comfortably with our long repayment tenure ranging up to 20 years*.

  • No foreclosure fee

    No foreclosure fee

    Self-employed borrowers who have opt for a floating rate of interest can prepay a part of their loan or foreclose the entire loan with no additional fee.

  • Hassle-free application

    Hassle-free application

    Our doorstep document pick-up service offers a hassle-less application process and eliminates your branch visits.

  • Balance Transfer

    Balance Transfer

    Make the most of our pocket-friendly interest rates and be eligible for a top-up loan of up to Rs. 1 Crore* by using our home loan transfer facility.

  • 5000+ approved projects

    5000+ approved projects

    You can avail of a quick loan sanction if you choose from one of our 5,000+ approved projects.

  • 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 may help you during favourable market trends.

  • *Terms and conditions apply

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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 75 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.

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.

  • 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 CIBIL Score of 725 or above 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

9.10%* to 15.00%* 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

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?

If you meet our eligibility criteria, you can easily get a home loan of up to Rs. 15 Crore*. The loan amount depends upon essential factors like age, income profile, and CIBIL Score, amongst others.

Are self-employed professionals eligible for a home loan?

As a self-employed individual, you must be a resident Indian citizen between the age of 23 years to 75 years. In addition, you should have a business continuity of 5+ years in the current business to be eligible for a home loan.

What documents do self-employed professionals require for a home loan application?

As a self-employed individual applying for a fresh home loan with Bajaj Finserv, you must have a few essential documents as listed below

  • KYC documents (identity and address proof)
  • Proof of income (P&L statement)
  • Proof of business existence, and
  • Account statements for the last 6 months
How long does it take for a home loan sanction at Bajaj Finserv?

Once you have submitted all the essential documents, the loan amount will be approved within 48 Hours*.

* Terms and conditions apply

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