Nothing compares to the comfort of owning a home in your hometown or village. That’s why Bajaj Finserv offers Rural Housing Loans designed to help you build or buy your dream home in rural areas. Whether you're a salaried professional, self-employed individual, or an agriculturist, our customised loan solutions are tailored to your income profile and property requirements—making homeownership in rural India simple and accessible.
Planning to buy or build your dream home in a rural area requires proper financial support. With Bajaj Housing Finance Home Loan, you can access competitive interest rates starting from 7.99%* p.a. and loan amounts up to Rs. 15 crore*. Check your home loan offers today. You may already be eligible, find out by entering your mobile number and OTP.
Features and benefits
To know more about the features and benefits of a rural home loan, read on.
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Reasonable rate of interest
Starting from 7.99%* p.a., Bajaj Finserv offers applicants an affordable home loan option for rural areas.
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Quick disbursal
Find your sanction amount in your bank account in just 48* hours from approval with Bajaj Finserv.
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Ample top-up Loan
Enjoy a cost-effective, high-value sanction over your existing rural home loan and use the funds for any purpose.
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5000+ project approved
Find over 5000+ choices in approved projects and enjoy better home loan terms from Bajaj Finserv.
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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.
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Quick balance transfer
Transfer your existing home loan to Bajaj Finserv against minimal documentation for cheaper home loan repayment.
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Flexible tenor
Keep your EMIs affordable by splitting repayment over a tenor of up to 32 years.
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Easy eligibility
Obtain quick approval by fulfilling easy-to-meet home loan eligibility terms and submitting few documents.
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Hassle-free prepayment
Make part-prepayments before the tenor ends to reduce your total interest outgo.
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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.
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.
Eligibility criteria for getting 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
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.
Steps to get a rural home loan from 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.
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Frequently asked questions
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.
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.
To take a home loan in rural areas:
- Check the eligibility criteria and gather required documents
- Select a suitable lender and fill out an application
- The lender assesses your credit and property
- Upon approval, sign a loan agreement
- The loan amount is disbursed for property purchase
- Explore any government schemes or subsidies for rural homebuyers
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.
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.
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.
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.
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.
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.
