When it comes to financing your dream home, choosing the right lender and understanding the interest rates are critical steps. Bajaj Housing Finance, a trusted name in the financial sector, offers competitive home loan interest rates tailored to meet diverse borrower needs. Whether you are salaried, self-employed, or a professional like a doctor, Bajaj Housing Finance provides flexible and affordable options. This article aims to provide you with accurate and up-to-date information about Bajaj Housing Finance’s home loan interest rates, helping you make informed decisions about your finances.
What is the current Bajaj Housing Finance home loan interest rate?
Bajaj Housing Finance offers home loans at competitive interest rates designed to make home ownership accessible and affordable. The rates vary based on borrower profiles, such as salaried individuals, self-employed professionals, and doctors, as well as the type of interest rate chosen—fixed or floating. Below is a table summarising the current interest rates:
| Borrower Type | Interest Rate (p.a.) | Rate Type |
|---|---|---|
| Salaried Individuals | Starting at 7.35%* p.a | Fixed/Floating |
| Self-Employed Professionals | Starting at 7.85%* p.a. | Fixed/Floating |
| Doctors | Starting at 7.45%* p.a. | Fixed/Floating |
To explore the latest updates on home loan interest rates, visit the home loan interest rate page.
Types of Bajaj Housing Finance home loan interest rates
Understanding the types of interest rates is essential for selecting the best option based on your financial goals. Bajaj Housing Finance offers two types of interest rates:
Fixed Interest Rate
A fixed interest rate remains constant throughout the loan tenure, providing stability in EMI payments. Think of it as a steady boat—it does not fluctuate regardless of market conditions. This is ideal for borrowers who prefer predictable monthly payments and want to avoid the impact of changing interest rates.
Floating Interest Rate
A floating interest rate changes based on market conditions, such as the Reserve Bank of India’s (RBI) repo rate. It is akin to a flexible sail, allowing borrowers to benefit from lower rates during favourable economic conditions. This option is suitable for borrowers who can accommodate fluctuations and want to potentially save on interest payments.
Factors affecting Bajaj Housing Finance home loan interest rates
Several factors influence the interest rate Bajaj Housing Finance offers to borrowers. Here are the key determinants:
- Credit score: A higher credit score (725 and above) increases your chances of securing lower interest rates.
- Income stability: Consistent income assures lenders of your repayment ability, positively impacting your rate.
- CIBIL score: Your CIBIL score reflects your creditworthiness, playing a crucial role in determining your interest rate.
- Type of employment: Salaried individuals often enjoy lower rates compared to self-employed borrowers due to predictable incomes.
- Loan amount and tenure: Larger loan amounts or longer tenures may attract higher rates.
- Current repo rate trends: RBI’s repo rate directly impacts floating interest rates. Learn more about the current repo rate.
How to get the lowest home loan interest rate from Bajaj Housing Finance?
Here are actionable steps to secure the lowest possible interest rate:
- Improve your credit score: Aim for a score of 725 or higher to qualify for favourable rates.
- Apply with a co-applicant: Adding a co-applicant with a strong financial profile can enhance your eligibility.
- Maintain a low FOIR: Keep your Fixed Obligation to Income Ratio below 40% to demonstrate financial stability.
- Negotiate transparently: If you have a strong credit profile, do not hesitate to discuss better terms with Bajaj Housing Finance.
Bajaj Housing Finance home loan EMI calculator – how it helps
Planning your finances is crucial when taking a home loan. Bajaj Housing Finance provides a user-friendly Home Loan EMI Calculator that helps borrowers estimate their monthly instalments based on loan amount, tenure, and interest rate.
Example Calculation:
- Home Price: Rs. 50 lakh
- Loan Amount: Rs. 40 lakh
- Tenure: 20 years
- Interest Rate: 7.35%* p.a
| Loan Details | EMI Output |
|---|---|
| Interest Rate: 7.35%* p.a | Rs. 31,858 |
| Interest Rate: 7.60% p. a | Rs. 32,469 |
Use the EMI calculator to plan your finances effectively and avoid surprises.
Recent updates or changes in Bajaj Housing Finance home loan rates
Interest rates are subject to change based on RBI policy and market conditions. Below is a timeline of recent updates:
- June 6, 2025: The Reserve Bank of India (RBI) cut the repo rate by 50 basis points, reducing it to 5.50%, which affected floating interest rates across lenders
Stay informed about rate changes by visiting the current repo rate page.
Eligibility criteria for availing Bajaj Housing Finance home loan at best rate
To secure the best home loan interest rate, you must meet the following eligibility criteria:
- Minimum age: 23 years (salaried) or 25 years (self-employed).
- Maximum tenure: Up to 30 years.
- Credit score: 725 or higher for favourable rates.
- Income/employment stability: Consistent income and job stability improve eligibility.
- Loan-to-Value (LTV) ratio: Higher LTV ratios may attract higher rates.
Learn more about the Bajaj Housing Finance home loan eligibility criteria.
Bajaj Housing Finance home loan interest rate for salaried vs self-employed borrowers
Here is a comparison of interest rates and requirements for salaried and self-employed borrowers:
| Criteria | Salaried Borrowers | Self-Employed Borrowers |
|---|---|---|
| Interest Rate | Starting at 7.35% | Starting at 7.60% |
| Required Documents | Salary slips, Form 16 | Business proofs, ITRs |
| Repayment Flexibility | Fixed EMIs | Flexible repayment options |
How to apply for a Bajaj Housing Finance home loan
Follow these steps to apply for a Bajaj Housing Finance home loan:
Online Application:
- Visit the official home loan page.
- Fill in the application form with personal and financial details.
- Upload required documents (e.g., KYC, income proofs).
- Submit the form and await approval.
Offline Application:
- Visit the nearest Bajaj Housing Finance branch.
- Provide necessary documents and discuss your requirements.
- Complete the application process with the assistance of a representative.
Take the next step toward your dream home by applying today!
Conclusion
Choosing Bajaj Housing Finance for your home loan ensures competitive interest rates, transparency, and tailored solutions. Whether you are salaried, self-employed, or a professional, Bajaj Housing Finance offers flexible options to make your dream home a reality. Use tools like the EMI calculator and eligibility checker to plan effectively and apply confidently. Start your journey toward home ownership today by visiting the official home loan page.
