Features and benefits

Following are the features and benefits of Tax benefits on joint home loan

  • Reasonable rate of interest

    Reasonable rate of interest

    Starting from 8.30%*, Bajaj Finserv offers applicants an affordable home loan option to fit their finances.

  • Speedy disbursal

    Speedy disbursal

    No more long waits for loan amounts with Bajaj Finserv. Find your sanction amount in your bank account in just 48* hours from approval.

  • Ample sanction amount

    Ample sanction amount

    Bajaj Finserv provides loan amounts as much as Rs. 5 Crore* to eligible candidates and even more, to boost your home buying journeys.

  • 5000+ projects approved

    5000+ projects 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.

  • Digital monitoring

    Digital monitoring

    Now keep a close eye on all your loan developments and EMI schedules through the Bajaj Finserv online platform.

  • Long tenor stretch

    Long tenor stretch

    The Bajaj Finserv home loan tenor stretches up to 30 years allowing borrowers a buffer period to plan out their EMI payments.

  • Zero contact loans

    Zero contact loans

    Experience a truly remote home loan application from anywhere in India by applying Bajaj Finserv online home loans and getting an easy approval.

  • No prepayment and foreclosure charge

    No prepayment and foreclosure charge

    Bajaj Finserv allows you to foreclose the loan or make part-prepayments at no extra costs or prepayment penalty – making way for maximum savings.

  • Loan subsidies

    Loan subsidies

    Avail of the loan subsidies offered under the PMAY scheme, with Bajaj Finserv. Approach us for updated terms and best home loan deals.

Joint home loan

Purchasing a house is a one-time investment which involves a great deal of planning and funds. A home loan is usually the first, and best, option; however, you need a strong financial profile to qualify for it. For those who don’t make the cut with their profile alone, a viable alternative is to opt for a joint home loan.

With this provision, you can apply with a co-borrower and enhance loan eligibility significantly. Since you share the responsibility of repayment, lenders are also likely to offer a higher loan sanction. However, there are only a few who can qualify as a co-borrower. A co-borrower for a joint home loan must be a:

  • Parent
  • Spouse
  • Sibling
  • Unmarried daughter
  • Son
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Joint home loan eligibility criteria and documentation

To qualify, all you have to do is meet the simple eligibility criteria and submit minimal documentation.

Eligibility criteria:

  • Nationality

    Nationality

    Indian

  • Age

    Age

    23 to 62 years for salaried individuals, 25 to 70 years for self-employed

  • Employment status

    Employment status

    At least 3 years of experience for salaried individuals, at least 5 years of business continuity for self-employed individuals

  • CIBIL score

    CIBIL score

    750 or higher

Documents required**:

  • KYC documents: Passport, Driving License, Aadhaar Card, or Voter ID Card.
  • Employee ID card
  • Salary slips of the last two months
  • Bank account statements for the last three months

You can also use the home loan eligibility calculator to check your loan eligibility online easily.

Joint home loan fees and charges

Body text: Bajaj Housing Finance Limited ensures no hidden charges and maintains complete transparency on home loan interest rates.

Joint home loan steps to apply

While you can apply offline, it is a lot quicker to fill the easy online application form and apply online. Here are the steps to follow.

  1. 1 Click ‘Apply Now’ on the webpage
  2. 2 Enter your basic details
  3. 3 Verify your identity by entering the OTP sent to your mobile
  4. 4 Input the desired loan amount and tenor
  5. 5 Fill your personal, employment, financial and property-related data and submit the form

Upon submitting the form, an authorised representative will contact you with further instructions.

*Conditions apply

**Indicative list only. Additional documents may be necessary.