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.
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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.
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Low interest rates
Self-employed applicants can avail of a loan with low interest rates starting from 8.70%* p.a..
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Approval in 48 Hours*
Your loan application will be approved within 48 Hours* of your application, in some cases, even prior.
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Tenure of up to 20 years*
Pay back your home loan comfortably with our long repayment tenure ranging up to 20 years*.
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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.
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Hassle-free application
Our doorstep document pick-up service offers a hassle-less application process and eliminates your branch visits.
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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.
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5000+ approved projects
You can avail of a quick loan sanction if you choose from one of our 5,000+ approved projects.
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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.
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*Terms and conditions apply
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 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 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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Did you know?
You can avail of tax benefits on your home loan that can help you save on taxes.
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Did you know?
You can transfer your home loan to us and get additional benefit of top-up loan.
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Did you know?
You can calculate your EMIs by using our EMI calculator and plan better.
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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 4% of the loan amount + GST as applicable |
Bounce charges |
For loan amounts up to Rs. 15 lakhs: Rs. 500 |
Penal charge |
Click here to know about the penal charges. |
Interest and principal statement charges |
NIL |
Part-prepayment charges |
(1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes:
(2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans:
*GST as applicable will be payable by the borrower in addition to the prepayment charges, if any. **Nil for home loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution. Note: In the case of dual-rate home loans (fixed for the initial period and then floating), the foreclosure/part-prepayment charges will be applicable as per the status of the loan as on the foreclosure/part-prepayment date. |
Foreclosure charges |
(1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes:
(2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans:
*GST as applicable will be payable by the borrower in addition to the prepayment charges, if any. **Nil for home loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution. Note: In the case of dual-rate home loans (fixed for the initial period and then floating), the foreclosure/part-prepayment charges will be applicable as per the status of the loan as on the foreclosure/part-prepayment date. |
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Frequently asked questions
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.
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.
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.
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
Once you have submitted all the essential documents, the loan amount will be approved within 48 Hours*.
* Terms and conditions apply
