Bajaj Finserv Home Loan

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Bajaj Finserv
Home Loan

Apply for Bajaj Finserv Home Loans up to Rs 15 crore* at 8.50% p.a. onwards for home purchase, construction or renovation needs. You can avail customised housing finance for up to 90% of property value for extended tenure of 30 years. By applying online you get instant in principal approval. Other benefits are lowest EMI of Rs 769, flexible repayment and attractive Bajaj Finserv home loan interest rates & processing fee.

Apply Home Loan @8.50%

On Bajaj Finserv Official Website

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Updated: 31-05-2024 02:12:54 PM

Bajaj Finserv Home Loan Details

Here are the highlights of Bajaj Finserv Home Loan:

Loan amount Rs.15 Crores
Rate of interest 8.50% – 15.00% p.a
Tenure Up to 30 years
Lowest EMI possible Rs. 769 Per Lakh
Processing fee Up to 0.50 % of the loan amount + GST and other applicable statutory levies

Bajaj Finserv Home Loan Features

Following are the features of Bajaj Finserv Home Loan:

  • Loan amount: Up to 90% of the property for both salaried as well as self employed borrowers.
  • Bajaj Finserv Home Loan Interest Rates start from 8.50% – 15.00% per annum
  • Repayment tenure: Up to 30 years
  • Bajaj Finserv Home Loan Processing Fees is up to 0.50% – 7% of the loan amount.
  • Lowest EMI possible: Rs. 769 Per Lakh
  • Diversified portfolio. Borrow for purchasing a ready to move house/flat, property under construction, buy second-hand houses or apartments or to fund construction of a residential plot.
  • Loans available for repairs, renovations, improvement, and extension of existing homes.

Best Home Loan Interest Rates Starting @8.50%, Check EMI & Apply Now

Bajaj Finserv Home Loan Benefits

  • A wide range of home loans starting from 30 Lakhs to 15 Crores.
  • Extremely competitive rates of interest; both fixed and floating EMI options.
  • Extended home loan tenure up to 30 years, depending on age and eligibility.
  • Low processing fees & minimal paperwork.
  • No charges on prepayment/part payment or foreclosure of the home loan.
  • Repayment flexibility
  • The NBFC also allows you to transfer your existing home loan from other banks to them.
  • You can expect attractive rates of interest on home loans with reasonable processing fees.
  • You also get flexible repayment options. There is no penalty for pre-payment and foreclosure.
  • Option to add co-applicant for extended loan amount.
  • Bajaj Finserv is also an active player in the Pradhan Mantri Awaas Yojana.
  • Highly customised insurance plans are available too.
  • Loan repayment will entitle income tax benefits.

Bajaj Finserv Home Loan Interest Rates

Bajaj Finserv offers home loan at attractive interest rates, starting from as low as 8.50% – 15.00% p.a. The attractive rate of interest makes your EMIs affordable and allows you to repay your loan conveniently.

Following are the current Bajaj Finserv Home Loan Interest Rates:

Type of Loan Home Loan
Type of Interest Rate Floating
Interest Rate for Salaried Applicants 8.50% – 15.00% p.a.
Interest Rate for Self-employed Applicants 9.10% to 15% p.a.
Doctors 8.60% to 14% p.a.

Bajaj Finserv Home Loan Comparison with Other Lenders

Lender Maximum Loan Amount Maximum Tenure Interest Rate Processing Fee
Bajaj Finserv Home Loan Up to 85% of property 30 years 8.50% – 15.00% Up to 0.50% – 7% of the loan amount + GST and other applicable statutory levies
HDFC Home Loan Up to 90% of property cost 30 years 8.75% – 9.65% Up to 0.50% or Rs. 4,500 (whichever is higher) + applicable taxes
SBI Home Loan Up to 90% of property cost 30 years 8.50% – 10.05% Up to 0.35% + applicable GST
ICICI Bank Home Loan Up to 90% of property 30 years 8.75% 0.50% – 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST

Bajaj Finserv home loan – Fees & Charges

Processing Charges
  •  Salaried Persons – Up to 0.50%
  •  Self-Employed Individuals – Up to 1.20%
Loan Statement Charges NIL
Principal and Interest Statement Charges NIL
EMI Bounce Charges  Up to Rs. 3000
Foreclosure Charges  Bajaj Finance calculates charges in the following manner
On Term Loans  On Outstanding Principal
Flexi Term Loan  On Current Drop Line Limit
Flexi-Interest-Only Loans On Sanctioned Limit
Penal Interest 2% per month+ Taxes
Secure Fee One-time fee up to  Rs. 4,999

Bajaj Finserv Home Loan Eligibility Criteria

Below are the points for Bajaj Finserv Home Loan Eligibility:

  • Salaried individuals between 23 and 62 years of age are eligible for Bajaj Finance Home Loan. In case of self-employed individuals, the eligible age group is 25 to 70 years.
  • The maximum age limit for Flexi Home Loans is 50 years.
  • Salaried employees should have work experience of a minimum of 3 years whereas self-employed persons should be in business/profession for a minimum of 5 years.
  • The minimum amount of loan for salaried employees is 10 Lakhs and maximum is 15 Crores. Self-employed professionals can borrow up to  15 Crores
  • Minimum salary should be 25,000 in most cities in India. It is 30,000 in the cities of Delhi, Faridabad, Ghaziabad, Gurugram, Mumbai, Navi Mumbai, Noida, and Thane. The minimum property value should be 15 Lakhs.

Bajaj Finserv Home Loan Documents Required

  • Proof of Address : Aadhaar, Voter ID, Passport, Driving License, etc.
  • Proof of Identity : Aadhaar, PAN, Passport, Driving License, Voter ID, etc.
  • Document for proof of Business, of min. 5 years (for Businessmen/ self-employed individuals)
  • Passport Size Photograph
  • Bank account statements of the previous 6 months
  • Form 16
  • Latest 3 Month Salary Slips

Bajaj Finserv Pradhan Mantri Awas Yojana Subsidy 2024

Bajaj Finserv is one of the member lending institutions authorised by the Government to offer Home Loans under the Pradhan Mantri Awas Yojana (PMAY). This program provides the benefit of interest subsidy to the different categories of borrowers. This subsidy is credited upfront to the loan account. This interest subsidy is available on the PMAY – Urban Home Loan Scheme only. As a result, the borrower has a lower interest burden and EMI.

Category of Borrower Income Criteria Loan amount range eligible for the subsidy Maximum interest subsidy
Economically Weaker Section – EWS Annual Income up to  3 Lakhs  6 Lakhs 6.5% subsidy with a maximum of  2.67 Lakhs
Lower Income Group – LIG More than  3 Lakhs and up to  6 Lakhs  6 Lakhs 6.5% subsidy with a maximum of  2.67 Lakhs
Middle Income Group – MIG-I More than  6 Lakhs and up to  12 Lakhs  9 Lakhs 4% subsidy with a maximum of  2.35 Lakhs
Middle Income Group – MIG-II More than  12 Lakhs and up to  18 Lakhs  12 Lakhs 3% subsidy with a maximum of  2.30 Lakhs

Bajaj Finserv Home Loan - Customer Care

Download the Bajaj Finance mobile app by sending SMS ‘APP’ to 9227564444
Email Bajaj Finance at [email protected]
For grievance redressal, email at [email protected]
Give a call between 9.30 am to 5.30 pm from Monday to Friday on 020-71177266
For escalating requests, email to [email protected]
For all queries, call 020-39575152

Corporate Office

4th Floor, Bajaj Finserv Corporate Office

Off Pune-Ahmednagar Road, Viman Nagar, Pune 411014

Ph No 020-30405060

Fax 020-30405020


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Trending Home Loans

Apply for Lowest Home Loan Online @ Rs. 769/Lakh* EMI

Apply for instant home loan online at Interest Rate starting from as low as 8.50% p.a. Pay EMI of just Rs. 769 per Lakh. Loan can be repaid in flexible tenure of up to 30 years.

Bajaj Finserv Home Loan FAQs

Salaried employees get the benefit of the 3 EMI holiday offer when they avail of the Bajaj Finserv Home Loan Balance Transfer and Top-Up Facility. They get a 3-month holiday after which they can commence the repayment. This three-month holiday eases off loan repayment pressure from the customer to a great extent.

Yes, Bajaj Finserv provides provisional interest certificate for IT purposes. They provide a breakup of the principal and interest repayment for the complete financial year. Borrowers can use this certificate to claim benefits under the Income Tax Act.

Yes, you get income tax concessions under Sec 24 and Sec 80C of the Income Tax Act 1961 for your home loan interest and principal repayments respectively. You get a benefit of up to Rs 200,000 on repayment of interest on home loans under Sec 24. Similarly, you get a concession of up to Rs 150,000 under Sec 80C for repayment of the principal amount. First-time home buyers get additional rebates in income tax.

Your home loan EMI comprises two components, principal and interest. Three factors go into the determination of your EMI: loan amount, rate of interest, and loan tenure.

Theoretically, your EMI should change with the change in the ROI. However, Bajaj Finserv prefers to keep the EMI constant and increase/ decrease the loan tenure. If any increase in the tenure is not possible due to various reasons, they increase the EMI.

There are two options for paying the EMI. The ECS is a preferred option, however you can also pay by post-dated cheques.