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?

If you meet our eligibility criteria, you can easily get a home loan of up to %$$HL-max-loan-amount$$%. 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 %$$HL-SE-Min-Age$$% to %$$HL-SE-Max-Age$$%. 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 %$$HL-Disbursal-TAT$$%.

* 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 %$$HL-max-loan-amount$$%. We provide competitive interest rates for both salaried and self-employed individuals. With EMIs as affordable as %$$HL-SE-EMI-per-lakh$$% and a flexible repayment period extending up to %$$HL-SE-Tenor$$%*, you can manage repayment at your convenience. Our hassle-free online application process ensures disbursal within just %$$HL-Disbursal-TAT$$%. 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

  1. Loan of up to %$$HL-max-loan-amount$$%: Purchasing a home marks a significant milestone. Achieve it with the substantial amount of up to %$$HL-max-loan-amount$$% available through Bajaj Finserv Home Loan.
  2. Competitive interest rates: Start with our loan interest rates as low as %$$HL-SE-ROI$$%, allowing you to pay EMIs as minimal as %$$HL-SE-EMI-per-lakh$$%.
  3. Approval in %$$HL-Disbursal-TAT$$%: Your loan application will be approved within %$$HL-Disbursal-TAT$$% of your application, in some cases, even earlier.
  4. Tenure of up to %$$HL-SE-Tenor$$%: Repay your loan comfortably with our extended repayment tenure of up to %$$HL-SE-Tenor$$%.
  5. 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.
  6.  Hassle-free application: Skip numerous branch visits with our doorstep document pick-up service, ensuring a hassle-free application process.
  7. Balance Transfer facility: Benefit from our home loan balance transfer facility and be eligible for a top-up loan of up to %$$BT-top-up-loan-amount-max$$%.
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