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Home Loan for Self-employed

Interest rates starting 9.10%* p.a. | Loan up to Rs. 15 cr* | Tenure up to 20 years*
Home Loan for Self-employed
Interest rates starting 9.10%* p.a. | Loan up to Rs. 15 cr* | Tenure up to 20 years*
HL_PDP_01_Quick_Disbursal
Approval in 48 hours*
HL_PDP_03_No_Hidden_Charges
No hidden charges
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_03_No_Hidden_Charges
No hidden charges
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 of up to 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

    Self-employed applicants can avail of a loan with low interest rates starting from 9.10%* p.a.
  • Approval in 48 Hours*

    Your loan application will be approved within 48 Hours* of your application, in some cases, even prior.
  • Tenure of 20 years*

    Pay back your home loan comfortably with our long repayment tenure ranging 20 years*.
  • No foreclosure fee for individuals

    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

    Our doorstep document pick-up service offers a hassle-less application process and eliminates your branch visits.
  • 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* or higher by using our home loan transfer facility.
  • 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

    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 and 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 (for self-employed applicants), 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

9.10%* to 15.00%* p.a.

Processing fees

Up to 4% of the loan amount + GST as applicable

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?

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 70 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 Finance?

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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Disclaimer

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