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bajaj finserv Home Loan

Home Loans from Bajaj Finance – Affordable Rates and Extensive Benefits

Starting at just 8.50%* p.a., Bajaj Finance offers home loans up to Rs. 15 crore* to help you secure your dream home. Enjoy flexible repayment options with tenures up to 40 years*, and experience the benefits of a smooth loan process backed by over 5,000 approved projects.

Bajaj Finserv
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QUICK APPROVAL AND ADDITIONAL LOAN BENEFITS

  • Get loan approval within just 48 hours*.
  • Avail of a top-up loan up to Rs. 1 crore* with no usage restrictions.
  • No foreclosure fees ensure financial flexibility.
Bajaj Finserv Home Loan

LOAN FEATURES

  • Access significant funding up to Rs. 15 crore* for your home purchase.
  • Competitive interest rates starting at 8.50%* p.a., with EMIs as low as Rs. 759/lakh*.
  • Long loan tenures up to 32 years* allow for comfortable repayment.
  • Foreclose or prepay your loan without extra charges for floating rate loans.
  • Enjoy the convenience of doorstep document collection for a hassle-free application process.
  • Transfer your existing home loan balance and qualify for an additional top-up loan.
  • Opt for interest rates linked to an external benchmark like the repo rate, potentially lowering costs in favorable market conditions.


Unlock the door to your dream home with Bajaj Finance’s comprehensive home loan solutions.

THREE TYPES OF HOME LOANS OFFERED BY BAJAJ FINANCE

FRESH HOME LOAN

This option is designed for new homebuyers seeking a straightforward and efficient application process:

  • Simplified Application: Bajaj Finance offers a streamlined process, minimizing paperwork and expediting approval to help you embark on your homeownership journey quickly.
  • Attractive Interest Rates: Benefit from competitive rates starting at 8.50%* p.a., making your home purchase more affordable.
  • Flexible Repayment Options: Adjust your repayment schedule according to your financial situation, with options for tenures up to 32 years for manageable EMIs.

HOME LOAN BALANCE TRANSFER

Ideal for those with existing home loans looking to reduce their financial burden through better terms:

  • Lower Interest Rates: Transfer your existing home loan to Bajaj Finance to take advantage of lower rates starting at 8.50%* p.a., potentially reducing your total interest payments significantly.
  • Simplified Transfer Process: Experience a hassle-free transfer with reduced paperwork and formalities, allowing for a smooth transition to better loan conditions.
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HOME LOAN TOP-UP

For current homeowners who need additional funds for personal or financial projects:

  • Top-Up Facility: Secure extra financing on top of your existing loan, usable for a variety of purposes such as home improvements, educational expenses, or other financial needs.
  • Efficient Processing: The application and approval for a top-up are typically faster and simpler than those for a new loan, providing quick access to additional funds.

Eligibility Criteria

  • Nationality: Must be an Indian citizen residing in India.
  • Age: Salaried: 23 to 65 years at loan maturitySelf-Employed: 23 to 70 years at loan maturity
  • CIBIL Score: A score of 725 or higher is ideal for securing a home loan.

Rate of Interest and Fees

  • Salaried : 8.50% – 17%
  • Self – Employed : 8.50% – 17%
  • Processing Fees: 4% of loan amount

Interest and Principal Statement Charges: Nil

Part-Prepayment Charges

(1) For individual and non-individual borrowers who have floating interest rate loans for non-business purposes:

  • Term Loan: No prepayment penalty.
  • Flexi Term Loan: No prepayment penalty.

(2) For individual and non-individual borrowers with floating interest rate loans for business purposes, and for all borrowers with fixed interest rate loans:

  • Term Loan: A 2% fee on the part-prepayment amount.
  • Flexi Term Loan: No prepayment penalty.

*Note: GST applicable on prepayment charges will be payable by the borrower.
 **Nil prepayment charges for home loans closed by borrowers from their own sources.

Foreclosure Charges

(1) For both individual and non-individual borrowers holding floating interest rate loans for non-business purposes:

  • Term Loan: No charges.
  • Flexi Term Loan: No charges.

(2) For individual and non-individual borrowers with floating interest rate loans for business purposes, and for all borrowers with fixed interest rate loans:

  • Term Loan: A 4% fee on the principal outstanding.
  • Flexi Term Loan: A 4% fee on the sanctioned amount during the interest-only repayment period of the Flexi loan; and 4% on the available limit during the tenure of the Flexi Term Loan.

*Own sources refer to funds not borrowed from a bank/NBFC/HFC or other financial institutions.

*GST applicable to prepayment charges must be paid by the borrower in addition to any prepayment charges.

**No charges apply to home loans repaid from personal funds, which include any sources other than loans from banks, NBFCs, HFCs, or financial institutions.

Note: For dual-rate home loans (initially fixed then floating), foreclosure and part-prepayment charges depend on the loan’s current status at the time of foreclosure or part-prepayment.

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Frequently Asked Questions

What are the eligibility criteria for a Bajaj Finserv Home Loan?

To qualify for a Bajaj Finserv Home Loan, you must be an Indian citizen aged between 23 and 62 years and employed by a public or private company or self-employed with a steady income. Please refer to our detailed eligibility criteria section or use our Home Loan Eligibility Calculator for specific requirements.

What documents are required to apply for a home loan with Bajaj Finserv?

You will need to provide identity proof (like Aadhaar or PAN card), address proof, recent salary slips (for salaried individuals), business proof (for self-employed), and property documents. For a complete list of required documents, please visit our documentation section.

How do I calculate the EMI for my home loan?

You can use our Home Loan EMI Calculator available on our website. Just enter the loan amount, the term of the loan, and the interest rate to find out your approximate EMI. This tool helps you plan your finances by giving you an idea of your monthly repayment amount.

Can I prepay my home loan early? Are there any charges?

Yes, you can prepay your home loan with Bajaj Finserv. For floating rate term loans availed by individuals, there are no prepayment charges. However, for fixed rate loans, certain conditions and charges may apply. Please review our prepayment policy for more details or contact our customer service.

How can I check the status of my home loan application?

You can track the status of your home loan application through our website by logging into your customer account. Alternatively, you can contact our customer service via phone, email, or visit your nearest Bajaj Finserv branch.

Home Loan

Home Loan Transfer

Loan Against Property

Personal loan

Office Address

AAP KA BAZAR, GURUGRAM, GURUGRAM, HR-122001

Customer care working hours:

Monday through Saturday,
10:00 A.M. to 6:30 P.M.

Additional Information

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