हिंदी में पढ़े
| Bajaj Housing Finance Home Loan Highlights | |
| Interest Rate | 8.50% p.a. onwards |
| Loan Amount | Up to Rs 5 crore |
| Loan Tenure | Up to 40 years |
| Processing Charges | 0.3% onwards |
Note: Rates as of 5th December 2024
Table of Contents
Compare Bajaj Housing Finance Home Loan Interest Rates with Other Lenders
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Check Eligibility |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| LIC Housing Finance | 8.50% - 11.25% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Check Eligibility |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Check Eligibility |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Check Eligibility |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Check Eligibility |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Check Eligibility |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Check Eligibility |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Check Eligibility |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Check Eligibility |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Check Eligibility |
Bajaj Finance Home Loan Interest Rates
Bajaj Housing Finance Home Loan interest rates start from 8.50% p.a. onwards. The lender offers differential home loan interest rates depending on the type of home loan scheme offered and the job profile of its applicants.
Interest Rates for Salaried Applicants
| Loan Type | Interest Rates (p.a.) |
| Home Loan | 8.50%-15.00% |
| Home Loan Balance Transfer | 8.70%-15.00% |
| Top-up | 9.80%-18.00% |
Interest Rates for Self-employed Applicants
| Loan Type | Interest Rates (p.a.) |
| Home Loan | 8.60%-15.00% |
| Home Loan Balance Transfer | 8.70%-15.00% |
| Top-up | 9.80%-18.00% |
Compare Home Loan Schemes Offered by Top Lenders Compare Now
Bajaj Housing Finance Home Loan Processing Fees & Other Charges
| Particulars | Charges |
| Processing fees | 0.3% onwards |
| 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) |
Also know home loan processing fees charged by other home loan lenders
Types of Bajaj Housing Finance Home Loan
Bajaj Housing Finance Online Home Loan
Purpose: Consumers can avail Online Home Loan from Bajaj Housing Finance for purchasing home, with loan disbursal within 48 hours of document submission and approval of loan application.
Loan Amount: The maximum loan amount for availing Bajaj Housing loan is Rs 5 crore. However, eligible applicants can also avail higher loan amounts from Bajaj Housing Finance.
Tenure: Up to 40 years
Bajaj Housing Loan for Doctors
Purpose: Doctors can avail Bajaj Housing Finance Home Loan for Doctors to finance their home purchases. It also allows them to transfer their existing home loans from other banks and HFCs to Bajaj Housing Finance at lower interest rates.
Loan Amount: Applicants of Bajaj Housing Finance loan can borrow loan amount of up to Rs 5 crore. However, the HFC may also offer higher loan amounts to eligible applicants.
Tenure: Up to 40 years
Bajaj Housing Finance Loan Balance Transfer
Existing home loan borrowers of other banks and HFCs can avail Bajaj Housing Finance Home Loan Balance Transfer facility for transferring their existing home loans to Bajaj Housing Finance at lower interest rates.
Bajaj Housing Finance Top-up Home Loan
Purpose: Existing home loan borrowers of Bajaj Housing Finance can avail Home Loan Top-up facility over and above the existing home loans to meet their personal expenses like wedding, medical treatment, education, etc.
Loan Amount: Bajaj Housing Home Loan borrowers can avail Top-up Home Loans for loan amount of up to Rs 1 crore. However, borrowers can also avail higher loan amounts based on their eligibility.
Apply for Bajaj Housing Loan at Attractive Interest Rates Click Here
Bajaj Housing Finance – Home Loan Eligibility Criteria
For Salaried
- The applicant should be a resident of India
- Minimum age: 23 years
- Maximum age: 62 years
- Individuals employed in Private Companies, Public Sector Undertakings or an MNC are eligible for Bajaj Finance Housing Loan
- Minimum experience: 3 years
- Applicant should be residing in one of the cities where Bajaj Housing Finance operates
For Self-employed
- Applicant should be an Indian resident
- Minimum age: 25 years
- Maximum age: 70 years
- Business vintage: Minimum 5 years in the current enterprise
- Individuals applying for Bajaj Housing Finance Home Loan should be residing in one of the cities where the HFC operates.
Bajaj Housing Finance may also consider the credit score of its applicants, just like other lenders do while evaluating the home loan eligibility of their applicants.
Documents Required for Bajaj Housing Finance Home Loan
- KYC documents- Proof of Identity (Aadhaar, PAN, Passport, Driving License, Voter ID, etc.), address proof (utility bills, passbook, ration card, etc.)
- Property related documents- Title deed, allotment letter, property tax receipt
- Salary slips for past 3 months for salaried applicants
- Business proof for self-employed professionals and non-professionals
- Bank account statement for last 6 months
- ITR and P&L statement for self-employed professionals and non-professionals
- Education certificates for individuals with MBBS degree and above (self-employed professionals-doctors) and valid COP for self-employed professionals-CAs
Also know the documents required by home loan lenders
Bajaj Housing Finance Home Loan EMI Calculator
Home loan applicants of Bajaj Housing Finance can use the Home Loan EMI Calculator to calculate their total interest cost and EMI based on various combinations of loan amount, interest rate and loan tenure. Thus, individuals planning to apply for home loan with Bajaj Housing loan can choose their optimum tenures based on their repayment capacity.
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Check your Eligibility for Bajaj Housing Finance Loan Click Here
Bajaj Housing Finance Home Loan Customer Care Number
+91 022 45297300 (10 A.M. to 6 P.M.)
Email-
- bhflwecare@bajajfinserv.in
- bhflgrievance@bajajfinserv.in
- bhflcustomerexperience@bajajfinserv.in
Click on Bajaj Housing Finance Home Loan Customer Care/Grievance Matrix to know more about the customer care and grievance redressal process of Bajaj Housing Finance Home Loan.
FAQs On Bajaj Housing Finance Home Loan
1. What is the current home loan interest rate offered by Bajaj Housing Finance?
Ans. Bajaj Housing Finance offers home loans at 8.50% p.a. onwards depending on the credit profile of its applicants.
2. How do I apply for Bajaj Housing Finance Home Loan online?
Ans. You can visit the official website of Bajaj Housing Finance and fill in the housing loan application form provided by the lender. Alternatively, you can also click here to apply for home loan offered by Bajaj Housing Finance.
3. How long does it take for Bajaj Housing Finance Home Loan to get sanctioned?
Ans. Bajaj Housing Finance claims to sanction the home loan within 48 hours of the approval of loan application and document verification.
4. Can I avail two home loans at the same time?
Ans. Eligible candidates can avail two home loans at the same time. The lender considers the applicant’s income, credit profile and employment type while evaluating his/her loan application for another home loan.
5. What is the minimum credit score required to avail home loan from Bajaj Housing Finance?
Ans. The applicants with credit scores of 750 and above can avail home loans from Bajaj Housing Finance.
6. What is the turnaround time for the disbursal of Bajaj Home Loan?
Ans. Bajaj Home Loans are disbursed within 48 hours of completion of home loan approval process.
7. Is it mandatory to have a co-applicant while applying for home loan at Bajaj Housing Finance? If yes, who can be the co-applicant?
Ans. It is not mandatory to have a co-applicant while applying for home loan with Bajaj Housing Finance. The co-owners of the property can be the co-applicant. If there is no co-owner of the property, any immediate family member can be the co-applicant.
8. Can I choose between fixed and floating rates of interest?
Ans. Bajaj Housing Finance offers home loans at floating rates only.
9. Can I foreclose my home loan availed from Bajaj Housing Finance?
Ans. Yes, you can foreclose your home loan without paying any prepayment charges.
10. Why is it beneficial to calculate your home loan EMI beforehand?
Ans. Calculating the home loan EMI would help the home loan applicants to know their home loan EMI commitment and thereby, plan their finances accordingly. Moreover, banks and HFCs usually prefer to lend to home loan applicants having their total EMIs including the EMI of the proposed home loan to be within 50-60% of their monthly income. Thus, using home loan EMI calculator would allow an applicant to opt for a home loan tenure that contains his total EMIs within the aforementioned limit and thereby, increase his chances of home loan approval.