Features and benefits

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 8.50%* 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 360 months.

  • 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.

Home loan for rural area

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.

Home loan interest rates for rural housing loan

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.

Eligibility criteria for getting a rural housing loan

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


Minimum requirement


23 years to 70 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)


Residing Indian citizen

Know how much you can borrow with our quick home loan eligibility calculator.

*Conditions apply

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Frequently asked questions

Can I get a loan on my village house?

Yes, you can get a loan on your village house in India, provided you meet the eligibility criteria prescribed by the lender. Several banks and non-banking financial institutions (NBFCs) provide home loans for individuals who own a house, whether it is located in a village or a city.

Before applying for a home loan, the lender will take into account several factors such as the location, condition, age of the property, and the ownership status. The maximum loan amount, tenure, interest rates, processing fees, and other terms and conditions may also vary depending on the borrower's eligibility and the lender's policies.

It is important to note that the approval of a home loan for a village house may take longer than it would for a property located in an urban area. This is because lenders may need to conduct a more extensive verification process to assess the value of the property, its title, ownership and other legal aspects.

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.