Features and benefits of home loan

  • Interest rate starting %$$HL-SAL-ROI$$%
    Interest rate starting 6.65%*

    The Bajaj Finserv Home Loan starts with EMIs as low as Rs. 642/Lakh*. Apply with us today to ensure affordability in the long run.

  • Funding of %$$HL-max-loan-amount$$%
    Funding of Rs. 5 crores

    The loan amount one can avail of remains uncapped for eligible applicants with a good credit history and steady income, among other factors.

  • Repayment tenor of %$$HL-Tenor$$%
    Repayment tenor of 30 years

    Bajaj Finserv offers flexible repayment tenor to ensure your EMIs remain affordable and don’t stretch your finances too thin.

  • Top-up of %$$HLBT-max-loan-amount-HLBT$$%
    Top-up of Rs. 1 crore

    When your transfer the balance amount on an existing home loan to Bajaj Finserv, you can avail of a sizeable top-up loan for any other financial needs.

  • Disbursal in %$$HL-Disbursal-TAT$$%
    Disbursal in 48 Hours*

    To ensure a hassle-free experience, we strive for the shortest turnaround times. Our loans are disbursed shortly after verification.

  • Online account management
    Online account management

    Our customer portal offers a hassle-free platform for customers to transact as well as complete key tasks, download statements.

  • Zero prepayment and foreclosure charges
    Zero prepayment and foreclosure charges

    Those with floating rate of interest home loans can choose to repay all or a part of their loan amount before the end of the tenor without any additional charges

  • Customised repayment options
    Customised repayment options

    With Bajaj Finserv, you have the option to avail of customized repayment options most suited to your needs and affordability.

  • External benchmark linked loans
    External benchmark linked loans

    : Bajaj Finserv also offers home loans with interest rates linked to external benchmarks, such as the repo rate.

  • Hassle-free processing
    Hassle-free processing

    We strive to offer the optimum experience through processing and beyond. Our eligibility criteria are simple and documentation requirements are minimal.

  • Interest subsidy under PMAY**
    Interest subsidy under PMAY**

    You have the option to avail of an interest subsidy under the Pradhan Mantri Awas Yojana (PMAY) when you apply through Bajaj Finserv.

Get a high-value Bajaj Finserv Home Loan for your dream purchase at an interest rate starting at 6.65%**. You can repay it over a flexible tenor of up to 30 years, claim annual tax benefits, get ample top-up loan financing and save up to Rs. 2.67 lakh* on interest through PMAY’s interest subsidy.

You can now receive your funds with simple eligibility terms and a minimal requirement for documentation. With the Online Home Loan facility, you can now get a digital sanction letter in just 10 minutes.

With attractive home loan interest rates on offer, you can also refinance your existing house loan through the balance transfer facility and avail of a top-up loan when doing so. Also, if you take a floating-rate home loan, the part-prepayment and foreclosure charges are slashed to zero.

To meet your housing finance needs, apply for the Bajaj Finserv Home Loan today and get instant approval.

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Home loan eligibility criteria

The eligibility criteria for the Bajaj Finserv Home Loan are simple; any Indian national with a good financial profile can obtain funding. Some of the criteria differ depending on whether you are salaried or self-employed, while others remain common. Moreover, some are yes or no criteria, such as your age, whereas some affect the borrowing terms offered to you. For instance, for two persons of the same age, the one with a higher credit score is likely to be able to borrow a higher loan amount.




Indian (resident)


23 to 62 years (salaried)

25 to 70 years (self-employed)

Work experience

3 years (salaried)

5 years of vintage with the current enterprise (self-employed)

Minimum monthly income

Rs. 30,000 to Rs. 50,000, depending on the city of residence and age (salaried)

Rs. 30,000 to Rs. 40,000, depending on the city of residence and age (self-employed)

***The upper age limit is considered as age at the time of loan maturity

Document required for home loan

Keep the following documents on hand when filling the online application form:

  1. 1 KYC documents – you can submit either your Passport, Driving Licence, Aadhaar Card, or Voter Id Card for the same
  2. 2 Your employee ID cards
  3. 3 Salary slips of the last 3 months
  4. 4 Bank account statements of the last 6 months
  5. 5 Property documents that are to be submitted later

Income proof documents required

Home Loan for:


Self-employed and salaried individuals

  • Latest salary slips or Form 16
  • Bank account statements of the last 6 months

*Do note that the above list of documents indicative and additional documents may be required during the processing of your application.

How to apply for a home loan online?

Here is a detailed guide on applying online for a Home Loan.

  1. 1 Check your eligibility using a calculator
  2. 2 Click on ‘Apply Online’ to open online application form
  3. 3 Enter your basic personal details
  4. 4 Verify yourself with an OTP
  5. 5 Pick the loan amount and tenor
  6. 6 Fill out your personal, employment, financial, and property details

Our representative will contact you with the next steps to complete your application.

Also, note that if you start your online application and leave it for some reason, you can always resume it by visiting the same link at a later instance.

Frequently asked questions

What is a home loan?

A home loan is a finance solution you can avail to buy a home with ease. Check your eligibility & apply online for a home loan to buy a ready to move in house or apartment, to renovate, repair, or construct a home.

Bajaj Finserv offers home loans repayable over a lengthy tenor of up to 30 years, at lower interest rates & quick disbursement.

What is the maximum home loan that I can get?

Salaried persons with work experience of 3 years can get a home loan of up to Rs. 5 crores and self-employed individuals having a business continuity of at least 5 years can avail funding up to Rs. 5 crore*, Use the home loan eligibility calculator to gauge the maximum loan amount based upon your income, tenor, and current obligations.

Can I get a 100% home loan?

No. As per RBI guidelines, no lender is permitted to offer 100% home financing. You need to make a down payment amounting to 10-20% of the property’s purchase price. Typically, you can obtain up to 80% housing loan financing for your property.

What are the eligibility criteria to get Bajaj Finance home loan?

With Bajaj Finserv, any Indian national having a strong credit profile can get a home loan. The home loan eligibility terms include:

  • Age: 23 to 62 years for salaried individuals, 25 to 70 years for self-employed
  • Employment Status: At least 3 years of experience for salaried individuals, at least 5 years of business continuity for self-employed individuals
  • CIBIL score: 750 or higher
  • Minimum salary: Bajaj Finserv requires you to have a minimum net monthly income of Rs. 25,000 to Rs. 30,000 to get a housing loan. In places like Delhi, Gurugram, Mumbai, and Thane, your salary should be at least Rs. 30,000. In cities like Bangalore, Chennai, Hyderabad, and Goa you must earn at least Rs. 25,000
Is home loan a tax saving deduction?

Yes, you can get tax deductions on home loan repayment. home loan tax benefits include Section 80C’s deduction of Rs. 1.5 lakh on the principal repayment and Section 24B’s deduction of Rs. 2 lakh on the interest repayment. You can also claim home loan tax deductions for registration fees and stamp duty charges under Section 80C.

Section 80EEA provides an additional deduction of Rs. 1.5 lakh on the interest repayment of home loans taken for affordable houses, with stamp value of up to Rs. 45 lakh. In the Union Budget 2021, the Government extended the deadline to avail such a home loan to 31 March 2022.

What are the documents required for a home loan?

The documents required for a Home Loan from Bajaj Finserv include:

  • KYC documents
  • Address proof
  • Identity proof
  • Photograph
  • Form 16/ latest salary slips
  • Bank account statements of the last 6 months
  • Proof of business continuity (for businesspersons, self-employed)
Which home loan is the best: Fixed or floating interest rate?

Both types of home loans have their pros and cons. With a fixed-rate home loan, the interest rate remains constant through the tenor, which allows you to forecast EMIs. Pick it when home loan interest rates are low and when you want fixed EMIs.

With floating-rate home loans, the interest rate alters basis economic changes and RBI policy decisions. Choose this variant when you expect rates to reduce in the time to come. Additionally, the RBI mandates that you do not need to pay any prepayment or foreclosure charges if you’re an individual borrowing a floating rate home loan.

What are the different types of home loans available in India?

Basis the different requirements for housing loans and varied customer profiles, the types of home loans available in India are:

  • Home construction loan
  • Home loan balance transfer
  • Top-up loan
  • Joint home loan
  • Loans under the Pradhan Mantri Awas Yojana scheme
  • Home loan for:
  • Women
  • Government Employees
  • Advocates
  • Bank Employees
  • Private Employees
Which factors affect your home loan eligibility?

Availing of a home loan requires an individual to meet the eligibility criteria that ensure a borrower’s capacity to repay. The factors that affect eligibility are:

  • A person’s credit score
  • Monthly income
  • Current financial obligations and debt
  • Employment status
  • Age of the applicant
  • Property to be purchased
Can I switch to floating-rate from fixed-rate during my loan tenor?

Yes, you can switch from a floating rate of interest to a fixed rate during the repayment tenor of your housing loan. You need to pay a nominal amount as a conversion fee to your lender for switching.

Is opting for a home loan worth it?

Opting for a home loan is a smart financial decision for the following reasons:

  • It brings additional financing to fund your housing dreams without affecting your savings
  • You can choose from several housing loan options as per your requirements
  • The interest rates are affordable and make loan repayment more convenient
  • Long tenor allows for repayment towards the loan in easy EMIs
Can I take 2 home loans at a time for the same property?

No, availing two housing loans at a time for the same property is restricted as per the CERSAI. However, individuals can opt for a home loan balance transfer to refinance their existing housing credit at a lower rate of interest. The facility comes with the top-up loan facility - an additional loan over and above the existing loan amount. Avail the funds to meet diverse financial necessities with ease.

How to get a home loan with ease?

Proceed with the following steps to avail a home loan with ease.

  • Check your credit reports and rectify errors, if any
  • Estimate EMIs with a home loan calculator and decide on the loan amount as per repayment capacity
  • Keep all the necessary documents handy
  • Compare the available offers for the best housing loan option
  • Ensure to meet all eligibility before applying
When does the loan repayment period start?

The repayment period for loans begins immediately after the lender has disbursed the entire home loan amount. However, in cases of partial disbursal, the interest accrued on such a disbursed amount is required to be paid as pre-EMI. Full EMI payment including the principal and interest amount starts after full disbursal of the loan.

Is home loan insurance mandatory?

No, it is not mandatory that you take home loan insurance along with your loan. However, you may consider getting an insurance to take care of any liability at a marginal increase in your EMIs.

When do home loan EMIs start?

You start paying your home loan EMI when the disbursement cheque is created. Once you receive the loan amount, you begin paying EMIs as per the EMI cycle. This means if your chosen date for EMI repayment is 5th of a month and you receive the loan on the 28th of the month, then for the first month you pay EMI calculated from the day your home loan was sanctioned to your first EMI date. Next month onwards, you pay regular EMIs on the designated day.

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