Purchasing a house is a one-time investment that involves proper planning and arrangement of funds accordingly. A home loan is usually the first option; however, you need sufficient income to avail that. Bajaj Finserv offers a joint home loan as the best alternative for those who aren’t eligible for a home loan due to their comparatively low income.
Own your dream house using a joint home loan with your wife, any other family member or friend. It is a secured loan availed along with a co-borrower, thereby, sharing the responsibility of repayment equally.
The following people can apply as a co-borrower in your loan application:
Joint Home Loan with parent
A few benefits of a home loan with joint holders are increased eligibility of the loan, enhanced budget, more tax benefits, equal repayment liability, etc. Apply for a Bajaj Finserv Joint Home Loan and enjoy maximum benefits with attractive features.
You can apply for a joint home loan with your brother or sister when they co-own the house.
You can apply for Joint Home Loan with brother or sister when they co-own the house.
Daughters who are unmarried and primary owners can also be co-applicants.
Sons having the primary ownership in case of multiple heirs can be co-borrowers as well.
Bajaj Finserv also offers a joint home loan with a friend with the same benefits and features.
Bajaj Finserv offers a high-value loan amount on your joint home loan. Utilise this fund to finance your desired home effortlessly.
Select from a flexible tenor of up 30 years, suiting your repayment capability.
Get instant approval of your home loan with the co-applicant within minutes of submitting the application. Bajaj Finserv ensures faster fund disbursal within 72 hours so there are no delays in receiving financing.
Avail of a joint home loan at the lowest interest rates only with Bajaj Finserv.
Transfer your existing loan account and get better rates of interest along with additional benefits like top-up loans, prepayment, etc. Bajaj Finserv requires minimal documentation to complete the process of the Home Loan Balance Transfer.
Finance your additional monetary requirements with an exclusive high-value top-up loan at nominal rates without any extra documentation and hassles.
Pay off the full or a certain amount of the principal with excess funds at no additional charges on the same.
To be eligible to claim tax benefits on joint home loans, one must be a co-applicant and a joint owner of the property. Lastly, the construction of the house must also be complete.
You can avail of tax benefits on home loan interest of up to Rs.50,000 and Rs.2 lakh under Section 80EE and Section 24 respectively.
Track your loan details including EMIs, payment schedule, interests, principal amount, etc. with our digital customer portal – Experia. Access it any time 24x7, 365 days with a few clicks.
Opt for a joint home loan and enhance the chances of availing sufficient finance for your new house.
Bajaj Finserv provides this credit facility with easy-to-meet home loan eligibility criteria for individuals who apply for joint home loans. Complete the application procedure with a few essential documents only.
You can use the home loan eligibility calculator to check your eligibility beforehand.
Bajaj Finserv ensures no hidden charges and maintains complete transparency on home loan interest rates. Follow the chart below:
|Interest Rates and Fees||Applicable Charges|
|Regular rate of interest (For self-employed)||8.25%* to 14.00%|
|Regular rate of interest (For salaried)||6.70%* to 14.00%*|
|Promotional rate of interest (Salaried)||From 6.70%* (for loans up to Rs. 30 Lakh, for new customers)|
|Bajaj Finance Limited Floating Reference Rate for Self Employed customers||12.90% (BFL-SE FRR)|
|Bajaj Finance Limited Floating Reference Rate for Salaried customers||13.30% (BFL-SAL FRR)|
Besides interest rates, enjoy nominal fees and charges associated with this Joint Home Loan.
|Types of borrower||Type of interest||Time (In months)||Part-prepayment charges|
|All borrowers||Fixed interest rate||More than 1||2% charge + taxes|
|Individual||Floating interest rate||More than 1||0|
|Non-individual||Floating interest rate||More than 1||2% charge + taxes|
|Types of borrower||Type of interest||Time (In months)||Foreclosure charges|
|All borrowers||Fixed interest rate||More than 1||4% charge + taxes|
|Individual||Floating interest rate||More than 1||0|
|Non-individual||Floating interest rate||More than 1||4% charge + taxes|
|Types of Fees||Charges Applicable|
|Processing Fee||Up to 6% of the loan amount|
|Loan Statement Charges||NIL|
|Interest and Principal Statement Charges||NIL|
|EMI Bounce Charges||Up to Rs. 3,000|
|Penal Interest||Up to 2%|
|Secure Fee||Up to Rs. 4,999 (one-time)|
Plan your repayments strategically with attractive fees and charges on the Bajaj Finserv Joint Home Loan.
Apply for a Joint Home Loan easily via online or offline mode.
For the online method, visit our online application form page, fill in the details and submit. We offer doorstep document collection facility for your convenience.
For the offline method, contact us at 18002094151. Our representatives shall get back to you.
New customers can also visit our branches directly or SMS ‘HOME’ and send to 9773633633. Existing customers can visit us at: https://www.bajajfinserv.in/reach-us