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About Home Loan_WC

Apply For Housing Loan Online

Make your dream home a reality with Bajaj Housing Finance. We offer a sizable home loan of Rs.5 Crore* or even higher, based on eligibility. Our interest rates start at 8.60%* p.a. for eligible salaried individuals and professionals, with EMIs as low as Rs.776/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, effortless balance transfer with a top-up of Rs.1 Crore* or higher. A housing loan from us may also enable you to take advantage of tax benefits under various sections of the Income Tax Act (ITA).


Features & Benefits of Home Loan

Competitive Interest Rate of 8.60%*

Make the most of our attractive Housing Loan interest rate today. At 8.60%* p.a., salaried and professional applicants can benefit from Home Loan EMIs as low as Rs.776/Lakh*.

Home Loan Balance Transfer

Borrowers with an existing Home Loan can make the most of our features and benefits by transferring the balance amount to us. Interest rates start as low as 8.70%* p.a.

Repayment Tenor of 30 Years

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.

Hassle-Free Application

Enjoy a truly hassle-free experience with our application process. Skip the branch visits and opt for our doorstep document pick-up service.

Zero Part-Prepayment and Foreclosure Charges

Home loan borrowers who are individuals with a floating interest rate can prepay parts of their home loan or foreclose the entire sum without any additional fees or penalty.

External Benchmark Linked Loans

You also have the option to link your Home Loan interest rate to an external benchmark, i.e., the Repo Rate, and benefit from reduced payouts during favourable market conditions.

5,000+ Approved Projects

Choose a property from our list of 5,000+ approved projects and enjoy the best borrowing terms, along with quick and hassle-free processing.

Loan Amount of Rs.5 Cr*

Don’t let the sanction amount be an issue when purchasing your dream home. Avail of a sizeable online Home Loan of Rs.5 Cr* or even higher, depending on your eligibility.

Top-up of Rs.1 Cr*

When you transfer your loan balance to Bajaj Housing Finance, you not only stand to benefit from a lower interest rate and reduced EMIs, but you also get the option to avail of a Top-up Loan – be it for debt consolidation or home renovation.

Disbursal in 48 Hours*

Home Loan applicants can expect to receive their sanction within 48 Hours* , following the approval of their application and documentation verification.

Customized Repayment Options

Want to purchase an under-construction property and pay only a part of your EMIs to begin with? With us, you benefit from customized repayment options.

Online Tools for Better Decision-Making

Home loan borrowers and applicants alike, can make good use of our online calculator tools to plan their repayment schedule and home loan applications better. The Eligibility Calculator and the EMI Calculator helps individuals arrive at their ideal home loan amount and tenor, that suits their financial standing.

Online Account Management

Borrowers continue to enjoy a seamless borrowing experience even after the amount is disbursed. One can access all their loan account details and related documents through the Bajaj Housing Finance Customer Portal, without any external dependency.

Home Loan EMI Calculator

Calculate your Home Loan EMI

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Rs. 1 LakhRs. 15 Crore


1 Month30 years

Interest Rate%


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Total Interest

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Principal Amount

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​Eligibility Criteria for Housing Loans

It is important to check the Home Loan eligibility criteria, so you can maximize your chances of getting a Home Loan. Our criteria vary on the basis of employment type. Interested in applying for a Home Loan online? Check out the following housing loan eligibility criteria:

Eligibility Parameters Salaried Self-Employed
Nationality Indian (Non-NRI) Indian (Non-NRI)
​​​Employment Minimum 3 years of work experience in a public or private sector company, or an MNC Minimum 5 years of vintage in the current enterprise
​​Age 23 to 62 years** 25 to 70 years**
Place of Residence Must reside in one of the cities we operate in Must reside in one of the cities we operate in

**Note: The upper age limit is considered as age at the time of loan maturity

Home Loan Document Checklist_WC

Documents Required for Home Loans in India

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.


 KYC documents – Photo ID (Aadhaar Card, PAN Card, Voter ID, Driving Licence, etc.), residential proof (utility bills, Ration Card, Passbook, etc.)


 Salary slips – 3 months (salaried applicants, salaried professional applicants), proof of business (self-employed professional, non-professional applicants), etc.


 Education certificates – MBBS and above (self-employed professionals – doctors), valid COP (self-employed professionals – CAs), etc.


Bank account statement – 6 months, ITR, P&L statement (self-employed professional, non-professional applicants), etc.

Property related

 Title deed, property tax receipts, allotment letter, etc.

Note: Additional documents may be requested at the time of loan processing.

Home Loan Fees and Charges_WC

​Fees and Charges on Home Loans

Bajaj Housing Finance offers competitive rates alongside nominal charges, where applicable. Our interest rates for housing loans start as low as 8.60%* p.a. for salaried and professional applicants.

For a complete list of our interest rates, click here. For applicable Home Loan fees and charges, please refer to the tables below.

Home Loan Fees

Fee Charge Applicable
Processing Fee Up to 7% of the loan amount
EMI Bounce Charges Up to Rs.3,000
Penal Interest Up to 2%
Secure Fee Up to Rs. 9,999 (one time)

Prepayment and Foreclosure Charge

Individuals with Home Loans linked to floating interest rates pay no additional charges on the prepayment or foreclosure of the housing loan amount.

Borrower Type Loan Type Time Period Prepayment Charge Foreclosure Charge
Individual Term Loan >1 month NIL NIL
Individual Flexi Loan >1 month NIL NIL
Non-Individual Term Loan >1 month 2%*** on part-prepayment amount 4%*** on Principal Outstanding
Non-Individual Flexi Loan >1 month NIL 4%** on Sanctioned Amount during the ‘Flexi Interest Only’ Loan Repayment Tenor 4%** on the available Flexi Loan Limit during the ‘Flexi Term Loan’ Tenor

For purposes other than business

***GST, as applicable, payable by the borrower

Do’s and Don'ts while applying for a home loan_WC

Do’s and Don'ts while applying for a home loan

When applying for a house loan, there are several do's and don'ts that you should keep in mind:

Do’s Don’ts
Do your research: Research different lenders and their loan terms and rates to find the best deal that suits your needs. Don't apply for other loans or credit cards: Avoid applying for other loans or credit cards while you are in the process of applying for a house loan. This can negatively impact your credit score and make it harder to get approved.
Check your credit score: A good credit score is crucial when applying for a house loan. Check your credit report and make sure your credit score is in good standing. Don't make any large purchases: Avoid making any large purchases or taking on new debt before your loan is approved. This can also negatively impact your credit score and make it harder to get approved.
Get pre-approved: Getting pre-approved for a loan can help you understand how much you can borrow and what your monthly payments will be. This can also give you an advantage when negotiating with sellers. Don't hide any information: Be honest about your financial situation and don't try to hide any information from your lender. This can lead to a denial of your loan application or legal consequences.
Be prepared to provide documentation: Be prepared to provide all the necessary documentation, such as tax returns, bank statements, and employment verification, to help your lender make a decision. Don't rush into a decision: Take your time to review all the terms and conditions of your home loan before making a decision. Rushing into a decision can lead to financial trouble down the line.
Read the fine print: Read all loan terms and conditions carefully before signing to avoid any hidden fees or surprises. Be aware of other charges such as processing fees and stamp duty. Don't ignore the fees: Make sure you understand all the fees associated with your loan, such as origination fees, appraisal fees, and closing costs. Ignoring these fees can lead to unexpected costs and financial strain.

Tips to Increase Your chances of Home Loan Approval_WC

​Tips to Increase Your Chances of Getting a Home Loan

You can increase your chances of getting a housing loan by taking the following steps:

Maintain a good credit score: A high credit score is an essential factor for getting a Home Loan approved. If you have a low credit score, work on turning it into a good credit score by paying off your debts on time, reducing your credit utilization ratio, and correcting any errors in your credit report. Note that checking your credit report regularly does not hurt your credit score.

Choose a property within your budget: Lenders will assess your repayment capacity based on your income, expenses, and other debts. So, choose a property that is within your budget, and don't borrow more than what you can afford.

Save for a down payment: Having a significant down payment reduces the loan amount, which can increase your chances of loan approval. Aim to save at least 20% of the property value as a down payment so that you can comfortably pay your Home Loan EMIs on the rest of the amount.

Provide all necessary documents: To apply for a housing loan, you need to provide several documents, such as identity proof, address proof, income proof, property documents, and bank statements. Make sure you have all the required documents ready and provide accurate information.

Add a co-applicant: If your income is not sufficient to meet the eligibility criteria, you can add a co-applicant, such as your spouse, parent, or sibling, who has a stable income and a good credit score.

Avoid applying for multiple loans at once: Applying for multiple loans at the same time can affect your credit score negatively and reduce your chances of house loan approval. So, apply for a Home Loan only when you need it.

Choose a lender wisely: Do your research and compare the interest rates, fees, and terms and conditions offered by different lenders. Choose a lender who offers a competitive home loan interest rate and favorable terms and conditions.


How to Apply for a Home Loan Online

If you’re wondering how to get a Home Loan, the below guide will walk you through our easy online Home Loan application process.

  1. To apply for a Home Loan, navigate to the housing loan application form on the official website.
  2. Enter the required Home Loan amount with your full name, mobile number, employment type, income details, and area PIN code.
  3. Enter the requested OTP and complete the rest of the application.

Once we receive your housing loan application, our representative will get in touch with you within 24 hours* to walk you through the next steps.

*Terms and conditions apply

When applying for a Home Loan, keep these things in mind_WC

When applying for a Home Loan, keep these things in mind

A Home Loan can help you become a homeowner while providing tax benefits. To apply for housing finance, you typically need to pay a percentage of the property cost upfront, with the remaining loan amount paid over a fixed period. Both the principal loan amount and interest repayments are eligible for tax deductions under Income Tax laws. Applying for a Housing Loan can be done in person at a bank branch or loan processing center, or online. Here are some tips to keep in mind when applying for a Home Loan:

Tip 1: Calculate your Equated Monthly Installments (EMIs) and determine how much you can afford based on your take-home pay and expenses, including other loan and credit card repayments. You can quickly know your home loan EMI amount using the ​​Home Loan EMI calculator.

Tip 2: Apply for a loan amount that is within your eligibility to increase your chances of getting approved, and plan for the rest of the down payment accordingly. You can understand the general parameters for home loan eligibility from the Bajaj Housing Finance website.

Tip 3: Consider applying for a housing loan with a lender where you already have a relationship as this can reduce the time and documentation required for the Know Your Customer (KYC) procedure.

Tip 4: A good repayment record and a high CIBIL score can work in your favor, as the bank may offer faster approval and disbursal, flexible repayment schedules, or lower processing charges. In some cases, you may also be offered a lower interest rate on the home loan.

Tip 5: Check that the project where you plan to buy your house has all regulatory and environmental clearances in place or check if your bank has a list of approved projects. This can help with the faster approval of your home loan application.

Tip 6: If you need a higher loan amount but your salary does not permit it, consider taking a joint loan with a spouse, parent, or sibling. You could also opt for a longer home loan tenor, which means a lower EMI and less burden on your monthly finances.


Home Loan FAQs

A Home Loan is a secured loan obtained from a financial institution for the purpose of purchasing a home. You can apply for a housing loan to purchase or renovate a residential or commercial property.

Housing loans are secured loans, wherein the property to be purchased serves as collateral against the loan amount. A certain extent of the property ownership remains with the lender, until the repayment amount has been repaid with interest.

Housing Loan processing fees refer to the main fee charged with every loan application. 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 7.00% of the loan amount.

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).

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 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.

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.

Depending on the end-use and application type, one can choose from a variety of Home Loans, including:

  • Fresh Home Loan
  • Home Loan Balance Transfer
  • Home Loans for Professionals
  • Home Renovation Loan

Yes, borrowers can claim tax benefits on Home Loans under several exemption sections.

  • Section 24(b) – Up to Rs.2 Lakh p.a. (on interest)
  • Section 80C – Up to Rs.1.5 Lakh p.a. (on principal)

The exact minimum salary required for an online Home Loan can vary as per the location. Prospective borrowers should be able to showcase a minimum of Rs.30,000 as their monthly income to be considered for a Housing Loan.

Yes, you can avail of two Home Loans at the same time, depending on your eligibility. Your financial, income, employment, and credit profile will define whether you are in a position to service another loan and, subsequently, if you should be offered another sanction.

No. You can get a Home Loan between 90% to 75% of the property value depending on the price of the property.

No. According to the RBI rules, you are required to pay between 10% to 25% of the property value as down payment, and the rest can be availed as a house loan, basis eligibility.

If you are a self-employed individual, a freelancer, you earn in cash, or you are working on a contract – by whatever reason you do not hold a salary slip, you need to produce other financial documents to validate your income. These documents could be your income certificate, bank account statements, ITR, Form-16 or any other, as requested by the company.

While self-employed individuals can apply for a home finance, unemployed individuals on their own cannot. One way is to apply with a co-applicant with a regular source of income. The co-applicant can be a spouse, family member, or friend who is willing to take joint responsibility for the loan.

A salaried employee, a professional individual, and a self-employed individual – all are eligible to avail of a housing loan from Bajaj Housing Finance; provided they fit into the eligibility criteria regarding age, income, duration of employment/business and nationality.

Bajaj Housing Finance provides Home Loans up to Rs.5 Crore* or even more, basis eligibility - the maximum amount being 75% to 90% of the property value. However, your individual eligibility is calculated based on factors such as age, type of employment, income, and credit score, among others, regardless of what the property is priced at.

The processing time for a housing loan can vary depending on a number of factors, such as the completeness of the application, the complexity of the case, the level of due diligence required, and the responsiveness of the applicant.

Once you apply for housing finance and submit the required documents, your Loan application is verified. After verification, your loan will be disbursed within the next 48 Hours*.

A guarantor is not mandatory for Home Loan applicant, but may be required in special cases such as:

  • The loan amount sought by the applicant is higher than what they qualify for
  • The applicant’s credit score is low, or their credit history is weak
  • The applicant has a risky job or is of advanced age
  • The applicant earns less than the predetermined income bar

Yes, at no additional cost. You can make partial payments of the loan sum alongside your regular EMI payments or foreclose your Home Loan by paying back the entire outstanding balance in one go before the end of your repayment tenor.

External benchmark-based lending rates are the lending rates set by banks and lenders based on external benchmarks such as a repo rate. As the Repo Rate fluctuates, so does the rate of interest on loans.


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