Bajaj Housing Finance


Bajaj Housing Finance Limited (BHFL) provides home loans starting from 8.50% per annum for loan tenures of up to 40 years and loan amounts of up to Rs 5 crore. Depending on their credit profile, applicants may be eligible for higher loan amounts. BHFL also offers a balance transfer facility for existing home loan borrowers from other lenders. Existing Bajaj Home Loan borrowers can avail home loan top-up over and above their existing loan amount. BHFL provides an online home loan application facility for digital loan sanction within 10 minutes and aims to disburse home loans within 48 hours after verification. Additionally, BHFL offers pre-approved home loans with faster disbursal to select customers.

Bajaj Housing Finance Highlights 
Interest Rate 8.50% p.a. onwards
Processing Charges 0.3% onwards
Loan Amount Up to Rs 5 crore
Loan Tenure Up to 40 years

Pre Approved Home loan | Check Eligibility & Apply Online

Table of Contents
Compare Interest Rates offered by other Lenders
Interest Rates
Types of Home Loan by Bajaj Finance
Processing Fees & Charges
Eligibility Criteria
Documents Required
EMI Calculator
FAQs

Compare Interest Rates offered by other Lenders

Name of Lender Up to Rs. 30 Lakh Above Rs. 30 Lakh to Rs. 75 Lakh Above Rs. 75 Lakh  
SBI Bank 8.40% - 10.15% p.a. 8.40% - 10.05% p.a. 8.40% - 10.05% p.a. Apply Now
HDFC Bank Limited 8.40% p.a. onwards 8.40% p.a. onwards 8.40% p.a. onwards Apply Now
Kotak Mahindra Bank 8.70% p.a. onwards 8.70% p.a. onwards 8.70% p.a. onwards Apply Now
ICICI Bank 8.75% p.a. onwards 8.75% p.a. onwards 8.75% p.a. onwards Apply Now
Federal Bank 8.80% p.a. onwards 8.80% p.a. onwards 8.80% p.a. onwards Apply Now
L&T Finance Limited 8.60% p.a. onwards 8.60% p.a. onwards 8.60% p.a. onwards Apply Now
Bajaj Housing Finance 8.50% p.a. onwards 8.50% p.a. onwards 8.50% p.a. onwards Apply Now
LIC Housing Finance 8.35% - 10.35% p.a. 8.35% - 10.55% p.a. 8.35% - 10.75% p.a. Apply Now
PNB Housing Finance 8.50% - 14.50% p.a. 8.50% - 14.50% p.a. 8.50% - 11.45% p.a. Apply Now
Punjab National Bank 8.45% - 10.25% p.a. 8.40% - 10.15% p.a. 8.40% - 10.15% p.a. Apply Now
Bank of Baroda 8.40% - 10.65% p.a. 8.40% - 10.65% p.a. 8.40% - 10.90% p.a. Apply Now
IDFC First Bank 8.75% p.a. onwards 8.75% p.a. onwards 8.75% p.a. onwards Apply Now
Tata Capital Housing Finance 8.70% p.a. onwards 8.70% p.a. onwards 8.70% p.a. onwards Apply Now
Axis Bank 8.70% - 13.30% p.a 8.70% - 13.30% p.a 8.70% - 9.10% p.a. Apply Now
Godrej Housing Finance 8.55% p.a. onwards 8.55% p.a. onwards 8.55% p.a. onwards Apply Now

Also read: Best Home Loan in India

Bajaj Finance Home Loan Interest Rates

Interest Rates for Salaried Applicants

Loan Type Interest Rate (p.a.)
Top-up 9.80% - 18.00%
Home Loan 8.50% - 15.00%
Home Loan Balance Transfer 8.60% - 15.00%

Interest Rates for Self-employed Applicants

Loan Type Interest Rate (p.a.)
Top-up 10.00% - 18.00%
Home Loan 9.10% - 15.00%
Home Loan Balance Transfer 9.50% - 15.00%

 

Types of Bajaj Housing Finance Loan

Bajaj Housing Finance Top-up Home Loan

Purpose: Existing home loan borrowers of Bajaj Housing Finance can utilize the Home Loan Top-up facility, which allows them to borrow additional funds over and above their existing home loans. These funds can be used to cover personal expenses such as weddings, medical treatments, education, and more.

Loan Amount: Bajaj Housing Home Loan borrowers have the option to avail Top-up Home Loans for amounts up to Rs 1 crore. However, borrowers may also be eligible for higher loan amounts based on their individual eligibility criteria.

Bajaj Housing Finance Online Home Loan

Purpose: Consumers have the option to avail an Online Home Loan from Bajaj Housing Finance for purchasing a home. The loan disbursal typically occurs within 48 hours after the submission of documents and approval of the loan application.

Loan Amount: The maximum loan amount available for availing a Bajaj Housing loan is Rs 5 crore. However, eligible applicants may also qualify for higher loan amounts from Bajaj Housing Finance.

Tenure: Up to 40 years

Bajaj Housing Finance Loan Balance Transfer

Existing home loan borrowers from other banks and Housing Finance Companies (HFCs) have the option to utilize the Bajaj Housing Finance Home Loan Balance Transfer facility. This service allows them to transfer their existing home loans to Bajaj Housing Finance at lower interest rates.

Bajaj Housing Loan for Doctors

Purpose: Doctors have the option to avail the Bajaj Housing Finance Home Loan for Doctors to finance their home purchases. Additionally, they can 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 loans can borrow loan amounts of up to Rs 5 crore. However, the HFC may offer higher loan amounts to eligible applicants based on their specific eligibility criteria.

Tenure: Up to 40 years

Also Read : Best Home Loan EMI Calculator

Bajaj Housing Finance Processing Fees & Other Charges

Particulars Charges
Processing fees 0.3% onwards
Penal interest Up to 2% penal interest
Secure fee Up to Rs. 4,999 (one time)
EMI bounce charges Rs. 3,000
Prepayment charges No prepayment charges for floating rate loans taken by individuals
Interest and principal statement charges NIL
Loan statement charges NIL
Foreclosure charges No foreclosure charges for floating rate loans availed by individuals

Also read: Best Home Loan Fees and Charges

Bajaj Housing Finance – Home Loan Eligibility Criteria

For Salaried:

  • Minimum age: 23 years
  • Maximum age: 62 years
  • Minimum experience: 3 years
  • The applicant should be a resident of India
  • They should be employed in Private Companies, Public Sector Undertakings, or Multinational Corporations (MNCs).
  • The applicant should be residing in one of the cities where Bajaj Housing Finance operates.

For Self-employed:

  • Minimum age: 25 years
  • Maximum age: 70 years
  • Applicant should be an Indian resident
  • Business vintage: Minimum 5 years in the current enterprise.
  • The individuals applying for the Bajaj Housing Finance Home Loan should be residing in one of the cities where the Housing Finance Company (HFC) operates.

Also Read : Best Home Loan Eligibility

Documents Required for Bajaj Housing Finance Loan

To apply for a Bajaj Housing Finance Home Loan, you'll typically need to provide the following documents:

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

For salaried applicants:

  • Salary slips for the past 3 months

For self-employed professionals and non-professionals:

  • Business proof
  • Bank account statement for the last 6 months
  • ITR (Income Tax Returns) and P&L (Profit & Loss) statement

For individuals with MBBS degree and above (self-employed professionals-doctors) and valid COP (Certificate of Practice) for self-employed professionals-CAs:

  • Education certificates
  • Valid COP

Also Read : Best Home Loan Documents Required

Frequently Asked Questions

Yes, it's possible to get your bike financed even as a student if you meet the specific eligibility criteria set by the lenders.

The best loan for financing your bike or scooter is the one with the lowest interest rate. This way, you'll have to pay less in monthly installments (EMIs) throughout your loan term.

To get financing for your motorcycle, bike, or scooter, you can easily apply for the loan online from home. Or, if you prefer, you can go directly to a bike shop and apply for the loan there by giving them the documents they need

You can check your loan status online through internet banking. Another option is to visit the closest branch of the bank or financial institution that's providing the loan.

Many lenders consider a credit score of 620 and above to be good when giving out loans for motorcycles, superbikes, or scooters. However, if your credit score is lower than 620, you can still find lenders who may be willing to give you a loan, although they might charge a higher interest rate.

Banks allow you to make prepayments after successfully paying 3-6 EMIs. Depending on the number of EMIs you've already paid, there might be a small fee applicable on the outstanding amount when you choose to prepay.