Loans

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 65 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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Bajaj Finserv Home Loan

Overview

With a home loan from Bajaj Finance you can achieve your homeownership goal effortlessly. Depending on your eligibility, you can access a home loan of up to Rs. 15 crore*. We provide competitive interest rates for both salaried and self-employed individuals. With EMIs as affordable as Rs. 733/lakh* and a flexible repayment period extending up to 40 years*, you can manage repayment at your convenience. Our hassle-free online application process ensures disbursal within just 48 Hours*. Additionally, benefit from our home loan balance transfer option, offering an added top-up for managing additional expenses.

Features and Benefits of our Home Loan

  • Loan of up to Rs. 15 crore*: Purchasing a home marks a significant milestone. Achieve it with the substantial amount of up to Rs. 15 crore* available through Bajaj Finserv Home Loan.
  • Competitive interest rates: Start with our loan interest rates as low as 8.50%* p.a., allowing you to pay EMIs as minimal as Rs. 733/lakh*.
  • Approval in 48 Hours*: Your loan application will be approved within 48 Hours* of your application, in some cases, even earlier.
  • Tenure of up to 40 years: Repay your loan comfortably with our extended repayment tenure of up to 40 years.
  • No foreclosure fee for individuals: Individual borrowers opting for a floating interest rate can foreclose the entire amount or prepay a part of the loan without incurring any additional fees.
  • Hassle-free application: Skip numerous branch visits with our doorstep document pick-up service, ensuring a hassle-free application process.
  • 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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