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Home Loan Starting 6.70%*

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Emergency Credit Line Facility


In the prevailing situation of the economic distress caused by the COVID-19 pandemic, the Finance Ministry of India announced the Emergency Credit Line Guarantee Scheme (ECLGS) for our existing Business Enterprises/MSMEs where you can avail an additional funding of up to 20% of your existing outstanding loan (as on 29th February 2020) with Bajaj Housing Finance Limited. 

Validity Scheme is available up to Oct 31, 2020 or on reaching the threshold stipulated by the Government of India under Emergency Credit Line Guarantee Scheme (ECLGS).
Tenure 48 months including principal moratorium for first 12 months.
Eligibility 1. All Business Enterprises/MSME customers with total Fund based outstanding of up to 50 crores as of 29th February 2020 and turnover of up to 250 crores in FY 19-20 are eligible.

2. Customer should not have any overdue payment beyond 60 days with any Financial Institution as on 29th February 2020.

3. Emergency Credit Line will be capped at 20% of the total fund based outstanding with Bajaj Housing Finance Ltd as on 29th Feb 2020.

4. Additional facility can be availed for a maximum tenure of 4 Years from date of disbursement with maximum one-year moratorium (deferment of payment) on the loan principal amount. Interest would need to be paid by the customer during the Moratorium period.

5. 100% Guarantee Coverage for the additional loan under the emergency credit line scheme is operated and managed by National Credit Guarantee Trustee Company Ltd (NCGTC), a wholly-owned trustee company of Government of India.

6. There is no processing fees/Guarantee Fees/foreclosure charge other than interest rate and stamp duty / MOE as applicable for documentation, to avail this facility.

7. There will be an extension of existing security on the additional facility and hence customer will need to execute documentation of security enhancement.


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To avail / queries for this product, contact your relationship manager today or write at