Home Loan

  1. Home
  2. >
  3. Home Loan
  4. >
  5. Guidelines to Follow when Taking a Home Loan

Home Loan Rules and Regulations in India

Quick apply

Just 60 seconds to apply

Enter your first and last name
Enter your 10-digit mobile number
Enter your pin code

I authorize Bajaj Finserv representative to call /SMS towards this application and other products/services. This consent overrides my registration for DNC/NDNC. T&C

An OTP has been sent on your mobile number

Enter one-time password*

0 Seconds
Enter net monthly salary
select date of birth
Enter PAN card details
Select employer name from the list
Enter personal email address
Enter official email address
Enter current monthly obligations
Enter your monthly salary
Enter annual turnover (18-19)

Thank you

Guidelines to Follow when Taking a Home Loan

When you apply for a home loan, there are some rules and regulations that should be followed to make the process of borrowing a little easier. These are:

1. Do not delay payments on existing EMIs or credit card dues, to prevent your credit score from being lowered while the home loan sanction is under process. The best deals on home loans are generally given only to individuals with a good credit score.
2. Select the best loan option for you. Compare and study which home loan interest rate suits you best. You may want to maintain a stable budget every month thus opting for a fixed interest rate and tenor.
3. Use a home loan eligibility calculator to check out how much loan amount you can borrow from the company.
4. Keep your personal and financial documents required for home loan ready as you will need them while applying for the loan.
5. Larger the down payment, the better for you. You should start saving for the initial down payment, as that can be anywhere between 2.5% to 25% of the total cost of the home you are planning to buy.
6. Maintain a good relationship with your lending company. This will help you with your loan sanctions. One way to do this is to be prompt in responding to any queries from your lender.

People Also Considered

Home Loan Interest Rate

Check the current Home Loan
interest rates

Explore More

Home Loan EMI calculator

Calculate your monthly EMI, installments and rate of interest applied on the loan amount


Home Loan eligibility calculator

Determine your Home Loan eligibility and accordingly plan the application amount


Home Loan Balance Transfer

Get a top-up loan without any extra documentation