At Bajaj Finserv, we understand how important owning a home is for families living in rural areas. That’s why we offer rural home loans designed to support the dreams of people in villages and smaller towns. Whether you want to buy a home, build one from scratch, or carry out repairs or improvements, our rural home loan options are tailored to fit your needs and circumstances.

With an affordable rural home loan rate of interest starting at just 7.49%* p.a, we make home financing simple and accessible. Borrowers in rural areas can take advantage of Quick Balance Transfer, flexible repayment tenor, fast disbursal of funds, and the chance to access subsidies under the PMAY scheme. With a seamless application process and full support at every step, Bajaj Finserv ensures your journey to homeownership in rural India is easy, secure, and within reach. Check your home loan offers today. You may already be eligible, find out by entering your mobile number and OTP.

What are features and advantages of Bajaj Finserv Rural Home Loans?

To know more about the features and benefits of a rural home loan, read on.

  • Reasonable rate of interest

    Reasonable rate of interest

    Starting from 7.49%* p.a, Bajaj Finserv offers applicants an affordable home loan option for rural areas.

  • Quick disbursal

    Quick disbursal

    Find your sanction amount in your bank account in just 48* hours from approval with Bajaj Finserv.

  • Ample top-up Loan

    Ample top-up Loan

    Enjoy a cost-effective, high-value sanction over your existing rural home loan and use the funds for any purpose.

  • 5000+ project approved

    5000+ project approved

    Find over 5000+ choices in approved projects and enjoy better home loan terms from Bajaj Finserv.

  • External benchmark linked loans

    External benchmark linked loans

    By opting for the Bajaj Finserv Home Loan linked to an external benchmark, applicants can enjoy reduced EMIs along with favourable market conditions.

  • Quick balance transfer

    Quick balance transfer

    Transfer your existing home loan to Bajaj Finserv against minimal documentation for cheaper home loan repayment.

  • Flexible tenor

    Flexible tenor

    Keep your EMIs affordable by splitting repayment over a tenor of up to 32 years.

  • Easy eligibility

    Easy eligibility

    Obtain quick approval by fulfilling easy-to-meet home loan eligibility terms and submitting few documents.

  • Hassle-free prepayment

    Hassle-free prepayment

    Make part-prepayments before the tenor ends to reduce your total interest outgo.

  • PMAY subsidy

    PMAY subsidy

    Get an interest subsidy of up to Rs. 2.67 lakh* under PMAY CLSS as a first-time homeowner.

Bajaj Finserv Rural Home Loan: Easy financing for your dream home

Rural housing loans are financial instruments tailor-made to help you address your monetary needs to build a house. These home loans are available whether you are a self-employed or salaried person, and you can apply for one to construct a new residential property or renovate your existing house.

Bajaj Finserv offers Rural Home Loans at affordable interest rates, along with several borrower-friendly features like the Top-Up Loan facility and doorstep services. For cost-effective repayment, you can carry out a balance transfer and refinance your existing home loan with Bajaj Finserv. Avail a top-up loan when doing so to obtain funds for your other expenses. For easy loan management, use our customer portal – My Account.

Whether you are looking to construct a new home or renovate your existing property, securing the right financing is crucial for your rural housing project. Bajaj Housing Finance Home Loan offers flexible tenure up to 32 years and hassle-free processing. Check your loan offers with Bajaj Finserv to make your rural homeownership dream a reality. You may already be eligible, find out by entering your mobile number and OTP.

What are the interest rates for rural home loans?

Enjoy some of the lowest home loan interest rates along with minimum rural financing charges on your home loan. Learn about all the necessary fees and plan your finances with ease. You can also utilize the housing loan EMI calculator to determine a suitable EMI.

What are the eligibility criteria for a rural housing loan?

Rural Home Loan eligibility criteria are simple and easy to fulfill. Here are some basic conditions.

Criteria

Minimum requirement

Age

23 years to 67 years of age (for salaried individuals) or 23 years to 70 years of age (for self-employed individuals)

Work experience

Minimum 3 years (for salaried individuals) or minimum 5 years (for self-employed individuals)

Residence

Residing Indian citizen

*Conditions apply

What are the documents required for a rural home loan?

To apply for a rural home loan, you need to provide a few key documents. These help the lender check your identity, income, and property ownership before approving the loan.

Here is a list of documents you should keep ready:

  • Recent passport-size photographs of all applicants

  • Fully completed and signed loan application form

  • Proof of property ownership like a Sale Deed, Katha, or Transfer of Ownership documents

  • Identity proof such as Aadhaar Card, PAN Card, Passport, Driving Licence, or Voter ID

  • A document that also confirms your address, such as Aadhaar Card, Passport, Driving Licence, or Voter ID

  • Property tax receipt to confirm land tax payment

  • Copies of legal property documents

  • A cheque for the processing fee

  • Possession certificate showing legal ownership of the property

Having these documents ready in advance can help speed up your loan approval process and make everything smoother.

Once you have gathered all the necessary documents, the next step is to explore your financing options for your rural home purchase or construction. A home loan from Bajaj Finserv can provide the financial backing you need with competitive rates and quick approval. Check your eligibility for our home loan solutions today. You may already be eligible, find out by entering your mobile number and OTP.

How to apply for a rural home loan on Bajaj Finserv?

Getting a rural home loan through Bajaj Finserv is a simple and quick process. It only involves three main steps.

1. Start your application

Begin by entering your basic details online or at a branch. The application process is user-friendly and helps guide you step by step.

2. Submit your documents

Provide all the necessary papers as part of the documentation process. These include ID proof, property records, and income details. The team will help you with the submission to make it easier.

3. Get fast approval

Once your form and documents are received, Bajaj Finserv will check and approve your loan quickly. If all is in order, your loan gets sanctioned without long delays. This simple process ensures you can take one step closer to owning your dream home in the countryside without any hassle.

Beyond rural-specific loans, you might also want to explore comprehensive home financing options that offer greater flexibility and higher loan amounts. Bajaj Housing Finance Home Loan provides loans up to Rs. 15 crore* with attractive interest rates for all types of home purchases. Check your loan offers with Bajaj Finserv to discover the best financing solution for your needs. You may already be eligible, find out by entering your mobile number and OTP.

Recommended calculators for smarter financial planning

Home loan calculators

Home Loan EMI Calculator

Home Loan Tax Benefit Calculator

Income Tax Calculator

Home Loan Eligibility Calculator

Home Loan Prepayment Calculator

Stamp Duty Calculator


 

Apply for a home loan in different cities

Home Loan in Mumbai

Home Loan in Delhi

Home Loan in Bangalore

Home Loan in Hyderabad

Home Loan in Chennai

Home Loan in Pune

Home Loan in Kerala

Home Loan in Noida

Home Loan in Ahmedabad

 

Home loan options for different budgets

30 Lakh Home Loan

20 Lakh Home Loan

40 Lakh Home Loan

60 Lakh Home Loan

50 Lakh Home Loan

15 Lakh Home Loan

25 Lakh Home Loan

1 Crore Lakh Home Loan

10 Lakh Home Loan

Read More Read Less

Frequently asked questions

Can I get a home loan on agricultural land?

It is generally not possible to get a home loan on agricultural land in India. Indian laws prohibit the use of agricultural land for non-agricultural purposes, including residential or commercial purposes.

However, there are some exceptions to this rule. If you are planning to construct a house or a residential property on your agricultural land, you may be able to get a loan from certain banks and NBFC's which have specific home loan products that cater to such requirements. This is possible only when the land is converted from agricultural to residential or non-agricultural use, following the guidelines and approval by the local authorities.

Additionally, banks and NBFC's may lend only up to a certain percentage of the estimated value of the completed residential property, subject to their eligibility criteria. However, the loan amount could be limited to a percentage of the cost of the house, rather than the value of the land.

It is important to note that obtaining a home loan for agricultural land conversion is a complex process and may involve several legal checks and regulatory approvals. Therefore, it is advisable to consult a legal professional and conduct thorough due diligence before pursuing a home loan for constructing a residential property on agricultural land.

How to take home loan in rural areas?

To take a home loan in rural areas:

  1. Check the eligibility criteria and gather required documents
  2. Select a suitable lender and fill out an application
  3. The lender assesses your credit and property
  4. Upon approval, sign a loan agreement
  5. The loan amount is disbursed for property purchase
  6. Explore any government schemes or subsidies for rural homebuyers
What is subsidy for home loan in rural areas?

Subsidies for home loans in rural areas in India are provided through government schemes and initiatives to promote affordable housing and rural development. Common schemes include the Pradhan Mantri Awas Yojana (PMAY), Rural Housing Fund, state government schemes, NABARD Rural Housing Finance, and differential interest rate schemes. These subsidies can reduce the cost of borrowing, making it more affordable for rural residents to purchase homes.

Who can apply for PMAY-Gramin scheme?

To qualify for PMAY-Gramin, you must live in a rural area and not own a solid, permanent house. Families staying in kutcha homes with temporary roofing are eligible. Special focus is given to groups like Scheduled Castes, Scheduled Tribes, minorities, and landless labourers. Socio-economic conditions such as female-led homes or illiterate adults may also affect eligibility.

What is the PM Modi housing scheme for villages?

The PMAY-Gramin scheme aims to reduce the housing gap in rural areas. It supports the dream of "Housing for All" by offering affordable homes. Every house built under this scheme measures at least 25 square metres and includes a clean space for cooking, improving living conditions in villages.

What does rural housing finance mean?

Rural housing finance provides loans to people living in villages, especially those from low-income or economically weaker groups. It helps families with limited money get access to home loans so they can build or improve their houses in rural areas.

If you are looking for rural housing finance beyond government schemes, private lenders like Bajaj Finserv offer comprehensive home loan solutions with competitive terms. Check your eligibility for home loan from Bajaj Finserv to explore additional financing options. You may already be eligible, find out by entering your mobile number and OTP.

Is there a special housing plan for rural India?

Yes, under PMAY-Gramin, the government has aimed to build 3.32 crore homes. By 19 November 2024, 3.21 crore homes were approved and 2.67 crore were completed. This effort has given better living spaces to millions of rural families across the country.

Why does rural housing matter?

Homes in villages are not just for living—they are also where many families run small businesses, store goods, or keep animals like cows and poultry. Good housing supports both family life and work, making it important to meet the special needs of rural households.

Given the importance of rural housing for both residential and business purposes, securing adequate financing becomes essential for building a home that meets all your needs. A home loan from Bajaj Finserv can help you construct or purchase a property that serves multiple purposes in rural areas. Check your loan offers today to find the right financing solution. You may already be eligible, find out by entering your mobile number and OTP.

Can I get a home loan for a rural area?

Yes, Bajaj Finserv offers home loans specially designed for rural areas. These loans are ideal for those wanting to build, buy, or renovate homes in villages or smaller towns. The process is simple, with basic documents like ID proof, income papers, and property records required. Borrowers in rural areas can benefit from quick approvals, flexible repayments, and a hassle-free experience. You might already be eligible. Check your offers now by entering your mobile number and OTP.

What is the interest rate of Bajaj Finserv Rural Home Loan?

The rural home loan interest rates offered by Bajaj Finserv are competitive. For salaried individuals, the interest ranges from 7.49%* to 10.25%* p.a.. For self-employed borrowers, it varies between 7.85%* to 10.65%* p.a.. The exact rate depends on the applicant’s credit score, income, loan amount, and chosen repayment period.

What is the subsidy for rural home loan?

Under the Pradhan Mantri Awas Yojana – Gramin (PMAY-G) scheme, eligible applicants in rural areas can receive interest subsidies on their home loan. This initiative supports the construction or purchase of a permanent (pucca) home and may also include additional financial aid through government schemes for improved housing and basic facilities.

Can a farmer get a home loan?

Yes, farmers can apply for a rural home loan from Bajaj Finserv if they meet the set conditions. These include being an Indian resident and having the required age, credit score, and documents. Farmers are treated as self-employed applicants, and if they provide proof of income and land or property ownership, they may qualify for housing finance.

What is the minimum home loan amount I can get in rural areas?

The minimum rural home loan amount depends on your income, property value, and eligibility. Bajaj Finserv assesses each application individually. To know the specific amount you qualify for, it's best to use the home loan eligibility calculator on their website or speak with their representatives for personalised guidance.

What is the maximum home loan amount I can get in rural areas?

Bajaj Finserv offers rural home loans of up to Rs. 15 Crore*, depending on factors like your income, property value, credit score, and ability to repay. This maximum loan limit allows borrowers in rural areas to fund major housing projects or buy larger properties, provided they meet the required eligibility criteria. Wondering how you qualify? Check your eligibility now by entering your mobile number and verifying it with an OTP.

What is Pradhan Mantri rural housing scheme?

The Pradhan Mantri Awaas Yojana – Gramin (PMAY-G) was launched to meet the goal of ‘Housing for All’ in rural India. It aims to support around 4.95 crore eligible families by March 2029. The scheme provides financial help to build or buy homes with basic amenities in villages and is run by the Ministry of Rural Development.

Who is eligible for a Bajaj Finserv Rural Home Loan?

You may be eligible for a Bajaj Finserv rural home loan if you’re an Indian resident aged 23–67 years (salaried) or up to 70 years (self-employed). Salaried individuals need at least 3 years of job experience, while self-employed applicants must have a stable business track record of 5 years. A credit score of 725 or above is recommended, along with valid ID, income proof, and property documents.

Show More Show Less