Bajaj Finserv Home Loan

  • Interest Rate starting at 8.10%
  • Loan Amount up to Rs.3.5 crores
  • Loan Tenure up to 20 years
  • Processing Fees up to 0.80% for salaried individuals and up to 1.20% for self-employed individuals
Get Bajaj Finserv Home Loan

Bajaj Finserv offers home loans of up to Rs.3.5 crores at 8.10% interest rate for up to a tenure of 20 years. Bajaj Finserv Home Loans are available to both salaried and self-employed individuals for the purpose of home purchase, buying a plot and home renovation or improvement. They offer balance transfer and top-up facilities and don’t charge a penalty for part-prepayment or foreclosure of home loans. They additionally offer insurance schemes to cover the loan payment in case of unforeseen occurrences like death or permanent disability of the borrower.

Bajaj Finserv Home Loan Summary
Interest Rate 8.10% onwards
Loan Amount Rs.10 lakhs – Rs.3.5 crores
Loan Tenure Up to 20 years
Processing Charges Up to 0.80% for salaried individuals Up to 1.20% for self-employed individuals

Note : The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.

Bajaj Finserv Home Loan Eligibility

These are the basic criteria for availing a home loan from Bajaj Finserv:

An Applicant must be:
  • An Indian Resident
  • Salaried or self-employed
  • Between 23 and 62 years for salaried and between 25 and 70 for self-employed individuals
  • Minimum 3 years of work experience for salaried and minimum 5 years of current business continuity for self-employed individuals
  • For salaried borrowers: Minimum net salary should be Rs.30,000 per month for applicants buying a property in Delhi, Faridabad, Ghaziabad, Gurugram, Mumbai, Navi Mumbai, Noida or Thane, and Rs.25,000 for applicants buying a property elsewhere. The minimum property value in both cases should be at least Rs.15 lakhs.

Learn how much home loan you’re eligible for right in the beginning of your loan journey!

Use the Fincity Home Loan Eligibility Calculator - enter a few required details and find out in seconds.

Bajaj Finserv Home Loan Interest Rates

Bajaj Finserv home loan interest rates are linked to Bajaj Finance Limited Floating Reference Rate, and will fluctuate with variations in this benchmark. Their current home loan interest rate starts as low as 8.10%.

Particulars For Salaried For Self-Employed
Promotional Bajaj Finserv Home Loan Interest Rate 8.10%* onwards NA
Regular Bajaj Finserv Home Loan Interest Rate 9.05% to 10.30% 9.35% – 11.15%
Bajaj Finserv Top Up Loan 9.05% to 10.30% 9.35% – 11.15%
Bajaj Finserv Home Loan Balance Transfer 8.10%* onwards 8.10%* onwards

Note :The above rates are subject to change at the discretion of the banks without prior notice.

Bajaj Finserv Home Loan Processing Fees & Charges

Here’s a list of the processing and other fees charged by Bajaj Finserv when you apply for a Home Loan.

Particulars Charges
Processing fees

For salaried individuals: Up to 0.80% 

For self-employed individuals: Up to 1.20% 

Prepayment charges

No prepayment charges for floating rate loans taken by individuals 

Foreclosure charges

No foreclosure charges for floating rate loans availed by individuals 

Loan statement charges

NIL 

Interest and principal statement charges

NIL 

EMI bounce charges

Rs.3,000 

Penal interest

Up to 2% penal interest 

Secure fee

Up to Rs.4,999 (one time) 

Note :The above rates are subject to change at the discretion of the banks without prior notice.

Bajaj Finserv Home Loan EMI Calculation

Knowing the home loan EMI for each scheme beforehand will help you in choosing the right one for you and plan your finances better! Use the Fincity Home Loan EMI calculator to feed in your loan amount, interest rate and tenure and get access to your monthly EMI amount immediately.

Bajaj Finserv Home Loan Documents Required

Here’s a list of documents required to avail of a Bajaj Finserv Home Loan:

  • Proof of Address (Aadhaar, Voter ID, Passport, Driving License, etc.) 
  • Proof of Identity (Aadhaar, PAN, Passport, Driving License, Voter ID, etc.) 
  • Photograph 
  • Form 16 or latest salary slips 
  • Bank account statements of the previous 6 months
  • Document for proof of Business, of min. 5 years (for Businessmen/ self-employed individuals)

Note : Required documents must be self-attested and may slightly differ.

Bajaj Finserv Home Loan Scheme Benefits

Bajaj Finserv Home Loans help borrowers with up to Rs.3.5 crore funding at competitive interest rates. Customers can also avail of the home loan balance transfer facility.

Feeling overwhelmed with thousands of home loan schemes to choose from?

Don’t worry - tell our experts your requirement and they’ll help you pick the one tailored for you! Connect with our financial advisors at hl@fincity.com for free guidance all the way from choosing your home loan match till the time the loan is actually disbursed.