Bajaj Home Loans are disbursed within 48 hours of completion of home loan approval process.
Bajaj Housing Finance Home Loan
Bajaj Housing Finance Limited (BHFL) provides home loans starting at 8.50% per annum for tenures lasting up to 32 years and amounts reaching Rs 5 crore. The lender might provide larger loan sums to its applicants according to their credit history. Bajaj Housing Finance provides a balance transfer option for current home loan customers from different lenders. Current Bajaj Home Loan borrowers can also access a home loan top-up in addition to their current home loan. Bajaj Housing Finance provides an online home loan application option to deliver digital loan approval in 10 minutes and works to disburse home loans within 48 hours following verification. Bajaj Housing Finance additionally provides pre-approved home loans with quicker disbursal to certain customers.
Bajaj Housing Finance Home Loan Highlights
| Particulars | Details |
|---|---|
| Interest Rate | 8.50% onwards |
| Loan Amount | Up to Rs 5 crore |
| Loan Tenure | Up to 32 years |
| Processing Charges | Up to 0.25% of the loan amount |
Table of Contents
Bajaj Finance Home Loan Interest Rates
Bajaj Housing Finance Home Loan Interest rates start from 8.50% p.a. onwards. The lender may offer different home loan interest rates depending on the type of home loan scheme offered and the job profile of the applicants.
Bajaj Housing Finance Home Loan Processing Fee & Other Charges
| Particulars | Details |
|---|---|
| Processing Fees | Up to 0.25% of the loan amount |
| Prepayment/Foreclosure Charges | No charges for floating rate loan taken by individuals |
| Loan Statement | NIL |
| Interest and Principal statement charges | NIL |
Types of Bajaj Housing Finance Home Loan
1. Bajaj Housing Finance Online Home Loan
- Purpose: Customers can access an Online Home Loan from Bajaj Housing Finance for buying a home, with funds disbursed within 48 hours after submitting documents and receiving loan application approval.
- Loan Amount: The highest loan amount that can be obtained for a Bajaj Housing loan is Rs 5 crore. Nevertheless, qualifying applicants can also access greater loan sums from Bajaj Housing Finance.
- Tenure: Up to 32 years
2. Bajaj Housing Loan for Doctors
- Purpose: Doctors can utilize Bajaj Housing Finance Home Loans for Doctors to fund their home acquisitions. It also enables them to move their current home loans from other banks and HFCs to Bajaj Housing Finance at reduced interest rates.
- Loan Amount: Individuals applying for a Bajaj Housing Finance loan can secure a loan amount of as much as Rs 5 crore. Nonetheless, the HFC might also provide larger loan sums to qualified candidates.
- Tenure: Up to 32 years
3. Bajaj Housing Finance Loan Balance Transfer
Borrowers of home loans from other banks and HFCs can utilize Bajaj Housing Finance’s Home Loan Balance Transfer option to move their current home loans to Bajaj Housing Finance at reduced interest rates.
4. Bajaj Housing Finance Top-up Home Loan
- Purpose: Current home loan borrowers of Bajaj Housing Finance can access the Home Loan Top-up option in addition to their existing loans to cover personal expenses such as weddings, medical care, education, and more.
- Loan Amount: Borrowers of Bajaj Housing Home Loans can access Top-up Home Loans for amounts up to Rs 1 crore. Nonetheless, borrowers can also obtain larger loan sums depending on their qualifications.
Also Read: What is Top up Home Loan?
Compare Bajaj Housing Finance Home Loan Interest rate with top banks/NBFCs
| Banks/NBFCs | Interest Rate (%) | Action |
|---|---|---|
| Aadhar Housing Pvt Ltd | 10.50% onwards | Apply Now |
| Axis Bank | 8.55% onwards | Apply Now |
| Bajaj Housing Finance | 8.50% onwards | Apply Now |
| HSBC | 8.45% onwards | Apply Now |
| Godrej Housing Finance | 8.75% onwards | Apply Now |
| Capri Global Housing Finance Ltd | 10% onwards | Apply Now |
| Bank of Baroda | 8.40% onwards | Apply Now |
| DBS Bank | 8.50% onwards | Apply Now |
| Edelweiss Housing Finance Ltd | 8.70% onwards | Apply Now |
| Indiabulls | 8.80% onwards | Apply Now |
| Federal Bank | 8.60% onwards | Apply Now |
| HDFC Ltd. | 8.60% onwards | Apply Now |
| ICICI Bank | 8.65% onwards | Apply Now |
| ICICI Home Finance | 8.90% onwards | Apply Now |
| Kotak Mahindra Bank | 8.50% onwards | Apply Now |
| PNB Housing Finance | 8.60% onwards | Apply Now |
| State Bank of India | 8.45% onwards | Apply Now |
| IIFL | 8.90% onwards | Apply Now |
| Aditya Birla Housing Limited | 8.75% onwards | Apply Now |
| Tata Capital Housing Finance | 8.70% onwards | Apply Now |
| Piramal Housing Finance Ltd | 10.50% onwards | Apply Now |
Bajaj Housing Finance Home Loan Eligibility Criteria
The eligibility criteria for Bajaj Finance Home Loan are mentioned below:
Also Read: Benefits for Women Borrowers
| Eligibility Parameters | Salaried | Self-employed/professionals |
|---|---|---|
| Nationality | Indian (including NRIs) | Indian (excluding NRIs) |
| Employment | Minimum 3 years of work experience in a public or private sector company, or an MNC | Minimum 3 years of vintage in the current enterprise |
| Age | 21 to 75 years | 23 to 70 years |
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 Read: Things you should Consider Before Applying For Home Loan?
Bajaj Housing Finance Home Loan EMI Calculator
Applicants for home loans from Bajaj Housing Finance can utilize the Home Loan EMI Calculator to determine their overall interest cost and EMI by experimenting with different combinations of loan amount, interest rate, and loan duration. Therefore, people intending to apply for a home loan with Bajaj Housing loan can select their ideal tenures according to their repayment ability.
How to Apply for a Home Loan Through OneNDF
When seeking a mortgage loan at OneNDF, you won’t need to navigate a pile of paperwork or endure a tedious process. Here’s the approach to take:
- Visit the official website of OneNDF and register or login.
- Register on the funds using your mobile number and generate a one time password.
- Upload any required financial or identification documents.
- Complete the mortgage application form.
- Through OneNDF, you will get in touch with numerous lenders that are ready to provide you with great rates on their mortgages.
That’s all! Your application has been sent. A member of our team will reach out to you soon to assist you with the upcoming steps.
Bajaj Housing Finance Home Loan Customer Care
FAQs
Bajaj Housing Finance offers home loans at 8.50% p.a. onwards depending on the credit profile of its applicants.
Bajaj Housing Finance asserts that it grants approval for home loans within 48 hours after verifying the loan application and documents.
You can go to the official site of Bajaj Housing Finance and complete the housing loan application form offered by the lender.
The applicants with credit scores of 750 and above can avail home loans from Bajaj Housing Finance.
Having a co-applicant is not required when applying for a home loan with Bajaj Housing Finance. The co-owners of the property may serve as co-applicants. If the property has no co-owner, any close relative can serve as the co-applicant.
Bajaj Housing Finance offers home loans at floating rates only.
Yes, you can foreclose your home loan without paying any prepayment charges.
