A home loan is a secured loan through which you borrow a sum to purchase a property – be it an under-construction or ready-for-possession property from a developer, or a resale property from an individual or entity. You can also avail of a home loan for property extension or refurbishment.
You borrow a home loan at a predetermined interest rate and repayment duration (tenor) and repay the principal, with interest, through EMIs (Equated Monthly Instalments). If you have an existing home loan, you also have the option to transfer the balance amount to Bajaj Housing Finance for a more competitive interest rate and other favourable terms.
Bajaj Housing Finance offers a sizeable home loan of Rs. 5 Cr* or even higher, based on eligibility. Our interest rates start at 6.75%* p.a. for eligible salaried individuals and professionals, with EMIs as low as Rs. 649/Lakh*.
With a flexible repayment tenor of up to 30 years, you can repay your EMIs conveniently. We also offer other benefits such as disbursal within 48 hours* of document submission and approval, balance transfer with a top-up of Rs. 1 Cr* or higher basis eligibility, and interest subsidy under Pradhan Mantri Awas Yojana. A home loan can also help you avail of tax benefits under various sections of the Income Tax Act (ITA).
Make the most of our lowest ever home loan interest rate today. At 6.75%* p.a., your home loan EMI can be as low as Rs.649/Lakh*.
Avail of a sizeable home loan of Rs.5 Cr* or even higher, depending on eligibility.
Transfer your home loan balance to Bajaj Housing Finance today. Benefit from a lower interest rate and reduced EMIs, as well as avail of a top-up loan – be it for debt consolidation or a vacation.
Opt for a longer tenor to make your EMIs more affordable over the years. Choose a tenor of up to 30 years and repay comfortably.
Once you receive approval post the submission of a complete application with all the necessary documentation, you can expect disbursal in as little as 48 hours*.
Avail of an interest subsidy under the Pradhan Mantri Awas Yojana when you apply with us, as we are a prime lending institution with the Central Nodal Agency.
Enjoy a truly hassle-free experience with a completely virtual application process. Skip the tedious branch visits.
Want to purchase a house that’s in construction and pay only a part of your EMIs to begin with? With us you benefit from customized repayment options.
Enjoy an all-new home loan experience with us – one where you need to submit minimal documentation and can complete the process from the comfort of your home. Visit us, or call us home, only to sign the final loan agreement and other registration formalities
Individuals with a floating interest rate home loan face no additional fees or charges should they choose to repay a part, or the entire sum, of their home loan before the end of the tenor.
A home loan is a long-term commitment and requires thorough research. Use our online tools, such as the home loan eligibility calculator and the home loan EMI calculator, to finalize a loan amount and tenor best suited to your finances.
Make the most of home loan interest rates linked to external benchmarks such as the Repo Rate. Benefit from reduced payouts during favourable market conditions.
Enjoy a truly hassle-free experience even once the loan is disbursed. Access your statement of accounts and other documents through our customer portal and complete transactions from the comfort of your home.
Choose a property from one of our list of 5,000+ approved projects and enjoy the best borrowing terms, along with quick and hassle-free processing.
A home loan is often a long-term commitment; thus, it’s important you make an informed decision. Use a home loan calculator to know your loan EMI and assess its feasibility on a monthly basis. A home loan EMI calculator is an easy-to-use online tool, wherein you adjust the loan amount, tenor, and interest rate to know the corresponding loan EMI and total interest payable.
Rate of Interest
Total Interest Payable
Total Payment (Principal + Interest)
When considering vendors, it is important to check the home loan eligibility criteria, so you can maximize your chances of approval. Our criteria vary on the basis of employment type.
Upper age limit is considered as age at the time of loan maturity
To complete your application, you will need to submit supporting documents for the personal, employment, income, and financial information you have mentioned on the form.
A home loan is a long-term commitment and having the right partner in this journey is crucial to ensure a smooth and hassle-free experience for years. When you apply with Bajaj Housing Finance, not only are you assured of competitive interest rates, but you also benefit from a repayment tenor of up to 30 years, contact-free processing, and quick approval and disbursal.
What’s more, you also have the option to link your home loan to an external benchmark, such as the RBI repo rate, which enables complete transparency in the rate setting mechanism. Those with an existing home loan can also make the most of our features by opting for home loan balance transfer and switching to us.
When you transfer the balance amount on your home loan to Bajaj Housing Finance, you can avail of a lower interest rate, as well as make the most of a top-up loan of Rs. 1 Cr* or higher, basic eligibility.
If you’re wondering how to apply for a home loan, the below guide will walk you through our easy home loan application process.
Visit our application form
Enter your full name, mobile number, PIN code, and occupation type
Enter your date of birth, PAN number, income, and other details
Once you submit the application, our representative will get in touch with you within 24 hours* and explain the next steps. Alternatively, you can also walk into any of our branches around India, where our representatives can guide you through the process.
A home loan is a financial solution that enables individuals as well as entities to borrow funds for the purchase or renovation of a residential property. Our home loan interest rate starts from 6.75%* p.a. onwards. A home loan is a secured loan, and the property to be purchased served as collateral. In other words, the property ownership remains with the lender until you repay the entire sum with interest. The home loan interest rate is relatively low compared to, say, a personal or business loan because of its secured nature.
Under a home loan, you borrow funds at a predetermined interest rate and agree to pay the sum (principal) back, with interest, over a predetermined time frame (tenor)through equated monthly instalments (EMIs).
Home loan processing fees refer to the main fee charged with every loan application, including that of a home loan. It is the amount the lender charges to process your application and extend funding. The fee varies from lender to lender and person to person. We charge a processing fee starting from 0.25% to 6.00%.
When initiating a home loan application, you can either visit our branch or visit our online application form to apply. Home loan application is easy and straightforward. Follow the below steps to apply online.
When you apply through our Online Home Loan application form, you can get a sanction letter in 10 minutes. The form is a DIY journey that allows you to avail of a digital sanction letter by submitting basic details and paying a nominal fee.
When availing of a home loan jointly, you can apply with your parents, spouse, children, or siblings as co-applicants. A few relationships are exceptions here, including married daughters and parents.
MCLR stands for ‘Marginal Cost of funds based Lending Rate.’ An internal benchmark used by financial institutions, the MCLR is the minimum interest rate at which the institution can lend. The MCLR system was introduced in the year 2016 to replace the Base Rate system. It offered better transmission of interest rate benefit to customers.
The Repo Rate is an instrument used by the RBI to control lending and, ultimately, inflation in the Indian economy. Thus, a repo rate linked home loan is a housing loan where your interest rate is linked to the repo rate. It offers you more transparency in the rate setting mechanism and better transmission of benefits in favourable market conditions.
As the name suggests, a top-up loan is an additional amount one can avail of over and above their existing home loan. Home loan borrowers can choose to transfer the balance amount on their home loans to another lender for more competitive interest rates and better borrowing terms.
When you avail of a balance transfer with Bajaj Housing Finance, you have the option to apply for a top-up loan of Rs. 1 Cr* or higher, basis eligibility. Here, the amount comes without any end-use restrictions, so you can choose to spend it as you deem fit.
Depending on the end-use and application type, one can choose from a variety of home loans, including:
Yes, home loan borrowers can claim tax benefits under several exemption sections.
Home Loan Interest Rate
Home Loan Eligibility Criteria
Home Loan EMI Calculator
Calculate Home Loan Eligibility
Pradhan Mantri Awas Yojana
Home Loan Tax Benefit
How to Check CIBIL Score?
Pradhan Mantri Awas Yojana Benefits
Income Tax Calculator
Last update on 11-Mar-2021
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