Trusted by 3 lakh+ customers
Bajaj Finance offers a home loan of up to Rs. 15 Crore* based on your eligibility, to buy your dream home at a low interest rate starting from 7.49%* p.a.. A housing loan with us comes with several benefits, like a flexible tenure of 32 years, no foreclosure fee, hassle-free application along with 5,000+ approved projects for a quick loan process.
Features and benefits of our home loan
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Loan of up to Rs. 15 Crore*
Buying a home is one of the biggest milestones. Achieve it with a sizeable amount of up to Rs. 15 Crore*.
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Low interest rates
With our loan interest rates starting at 7.49%*, pay EMIs as low as Rs. 687/lakh*.
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Approval in 48 Hours*
Your loan application will be approved within 48 Hours* of your application, in some cases, even earlier.
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Tenure of up to 32 years*
Pay back your loan comfortably with our long repayment tenure ranging up to 32 years*.
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No foreclosure fee for individuals
Individual borrowers who choose a floating interest rate can foreclose the entire amount or prepay a part of the loan without paying an additional fee.
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Hassle-free application
Our doorstep document pick-up service helps to skip numerous branch visits and enables an easy application process.
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Balance Transfer facility
Benefit from our home loan balance transfer facility and be eligible for a top-up loan of up to Rs. 1 crore* or higher.
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5000+ approved projects
Choose from our 5000+ approved projects to avail of a quick loan.
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Externally benchmarked interest rates
You can opt for interest rates linked to an external benchmark, such as the repo rate to benefit during favourable market conditions.
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 salaried applicant must be between 23 years to 67 years, and a self-employed professional 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. - Occupation:
Salaried employee, a professional individual, and a self-employed individual.
Documents required
- KYC documents (identity and address proof)
- Proof of income (salary slips or P&L statement)
- Proof of business (for self-employed applicants), and
- Account statements for the last 6 months
How to apply for a home loan
Step-by-step guide to applying for a home loan
- Click on the “APPLY” button on this page.
- Enter your 10-digit mobile number and click "Get OTP". Enter the OTP received and verify your number.
- Fill in the Personal Details form, including Full Name, PAN, Date of Birth, and Pin code, and proceed.
- Provide your Employment/Business/Professional Details as required to continue.
- Enter property-related details and share your banking details using an Account Aggregator to help us fetch your eligibility.
- Edit the loan amount, variant, and tenure based on your eligibility.
Our representative will connect with you to guide you through the next steps.
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 | Salaried | Self-employed | Doctors |
7.15* to 20%* p.a. | 7.75%* to 20%* p.a. | 7.30%* to 20%* p.a | |
Processing fees | A nominal fee is charged at the application stage to cover various loan processing costs. | ||
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 charge | Click here to know about the penal charges. | ||
Interest and Principal Statement Charges | NIL | ||
Part-prepayment charges** | a. Individual borrowers with Home Loans linked to floating interest rates: NILb. Fixed rate loans (all borrowers, including individuals)**For Term Loan: 4%* on Part Payment Amount For Flexi Term Loan: Nil For Flexi Hybrid Loan: Nil *GST as applicable will be payable by the borrower in addition to the Prepayment Charges. **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 case of Dual Rate Loans (fixed for initial period and then floating), the Foreclosure / Part-payment charges will be applicable as per the status (fixed/floating) of the loan as on Foreclosure / Part-payment day. | ||
Foreclosure Charges | a. Individual borrowers with Home Loans linked to floating interest rates: NIL | ||
Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.