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About BAJAJ FINSERV Home Loans
Bajaj Finserv is a trusted name for Indian real estate investors and homebuyers, offering home loan interest rates starting at 8.50%* p.a. and EMIs as low as Rs. 733/Lacs*.
Established in 1926 by the esteemed Gandhian Late Shri Jamnalal Bajaj, the Bajaj Group boasts a rich legacy marked by pride and accomplishment. The Group’s success is a testament to its enduring commitment to excellence and ethical business practices. Notable entities within the group include Bajaj Finserv and Bajaj Finance, embodying a commitment to business ethics, integrity, and fiduciary responsibility.
Established in 1926 by the esteemed Gandhian Late Shri Jamnalal Bajaj, the Bajaj Group boasts a rich legacy marked by pride and accomplishment. The Group’s success is a testament to its enduring commitment to excellence and ethical business practices. Notable entities within the group include Bajaj Finserv and Bajaj Finance, embodying a commitment to business ethics, integrity, and fiduciary responsibility.
What sets Bajaj Finserv apart is its use of technology, which helps make financial services flexible and accessible. With a dedication to simplicity and innovation, Bajaj Finserv is your go-to partner in achieving financial independence, offering tailored solutions to diverse needs.
Bajaj Finserv's home loan features include a loan amount of up to Rs. 15 Crores, competitive interest rates, approval within 48 hours, and tenure upto 40 years. Take advantage of the hassle-free application process with doorstep document pick-up service, a balance transfer facility with eligibility for a top-up loan of up to Rs. 1 Crore*, and access to 5000+ approved projects for quick loan processing.
Banking Partner Guide
- Types of BAJAJ FINSERV Home Loans
- BAJAJ FINSERV Home Loan Interest Rates
- Eligibility for BAJAJ FINSERV Bank Home Loans
- Accessing Eligibility for BAJAJ FINSERV Bank Home Loans
- Income for BAJAJ FINSERV Bank Home Loans
- Property Value Parameters for BAJAJ FINSERV Bank Home Loans
- CIBIL Score for BAJAJ FINSERV Bank Home Loans
- FOIR Focus for BAJAJ FINSERV Bank Home Loans
- BAJAJ FINSERV Home Loan Application - Simplified
- Check Your Eligibility For BAJAJ FINSERV Bank Home Loan
- Apply for the BAJAJ FINSERV Bank Home Loan
- Document Checklist BAJAJ FINSERV Home Loan
- Additional Documents Based on Employment Type For BAJAJ FINSERV Home Loan Loan
- For Salaried & Self-employed Individuals
- List of Documents Required to Apply For BAJAJ FINSERV Bank Home Loan
Types of BAJAJ FINSERV Home Loans
Bajaj Finserv offers comprehensive home loan solutions tailored to your diverse needs and preferences. Some of them are mentioned below:
Here are some loans offered by Bajaj Bank:
Fresh Home Loans
Simplified application process for quick initiation of your homeownership journey.
Competitive interest rates starting from 8.50%* p.a., making homeownership more affordable.
Flexible repayment options with tenures of up to 40 years, ensuring comfortable EMI payments.
Home Loan Balance Transfer
Opportunity to save money and reduce loan burden by transferring existing home loans.
Lower interest rates starting from 8.50%* p.a., leading to significant interest savings.
Hassle-free transfer process with minimal paperwork and formalities.
Home Loan Top-up
Access to additional funds for various personal or financial needs.
Quick processing with a straightforward application and approval process.
Pre-approved Home Loan
Exclusive offers for existing customers with attractive interest rates.
Swift approval within 48 hours* to seize opportunities promptly.
Hassle-free journey from application to disbursement for a seamless experience.
BAJAJ FINSERV Home Loan Interest Rates
| Interest Rate* | 8.50% onwards | ||
| Loan Amount | Depends on the applicant’s credit score | ||
| Loan Tenure | Up to 40 years | ||
| Processing Fees | Up to 7 % of the loan amount |
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Note*: The interest rates shown here are as of Feb 2024. The above rates are subject to change at the bank’s discretion in accordance with RBI guidelines. Applicants are advised to check with the bank to determine the interest rate for their loans at the time of application.
Eligibility for BAJAJ FINSERV Bank Home Loans
The applicant must meet the following criteria to qualify for BAJAJ FINSERV bank home loans.
| Eligibility Criteria | BAJAJ FINSERV Home Loans | ||
|---|---|---|---|
| Age | Minimum: 23 years. The maximum for Salaried Individuals is 65 years. The Maximum for self-employed individuals is 75. The upper age limit is considered the age at loan maturity. | ||
| Maximum loan amount | Up to ₹15 crore | ||
| Tenure | Maximum up to 40 years | ||
| Interest rates | 8.50% onwards | ||
| Maximum EMI as percent of income | Up to 65% |
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Assessing Eligibility for BAJAJ FINSERV Bank Home Loans
Several key factors are considered to be eligible for a BAJAJ FINSERV Bank home loan. Applicants must meet the following criteria:
Income for BAJAJ FINSERV Bank Home Loans
BAJAJ FINSERV Bank extends home loans to salaried employees, professional individuals, and self-employed individuals. Remember that your net monthly income lays the foundation for eligibility, and higher incomes correlate to increased loan amounts. This is the amount you retain after tax deductions and other obligatory expenses.- If you wish to increase your eligibility, add a co-applicant – it increases the combined net monthly salary that the bank considers, potentially expanding the limits of your loan amount.
Property Value Parameters for BAJAJ FINSERV Bank Home Loans
- BAJAJ FINSERV Bank employs loan-to-value (LTV) ratios rather than disbursing loans equal to the total property value. These ratios are contingent upon the assessed value of the property in question. Considering property value, BAJAJ FINSERV employs loan-to-value (LTV) ratios, of up to 80%.
CIBIL Score for BAJAJ FINSERV Bank Home Loans
- A CIBIL Score of 725 or higher is ideal for home loan approval at Bajaj Finserv. In India, the CIBIL score is the sum of the applicant's credit history and past financial conduct, which is very important to maintain an optimal score.
- A high score increases your chances of loan approval, while a low one may hinder the process.
FOIR Focus for BAJAJ FINSERV Bank Home Loans
- FOIR, or Fixed Obligation to Income Ratio, is another critical factor for BAJAJ FINSERV Bank's home loan eligibility. This ratio compares your fixed financial commitments vis-à-vis monthly income, including current EMIs, if any. BAJAJ FINSERV Bank stipulates a minimum FOIR of 0.65 as a prerequisite for home loan eligibility
Age, income, property value, CIBIL score, and FOIR collectively qualify your bajaj Bank home loan eligibility. The right balance ensures a smooth and successful loan approval process.
BAJAJ FINSERV Home Loan Applications - Simplified
Applying for an BAJAJ FINSERV Bank Home Loan is a straightforward, streamlined process designed to simplify your journey to homeownership. Here's a concise guide on how to apply, along with the necessary documents:
Here's a concise guide on how to apply, along with the necessary documents:
Check Your Eligibility For BAJAJ FINSERV Bank Home Loan
- Assess factors such as age, income, credit history, FOIR, and dependents to gauge eligibility.
- Ensure you meet BAJAJ FINSERV Bank's eligibility criteria before proceeding.
01
Apply Online
Apply online for a loan
02
Download Application
Download and fill out the Application form accurately
03
Keep Documents Ready
Gather all essential documents, including identification proof
04
Start Verification Process
The Save Max team will help you with verification & ensure all requirements are met
Document Checklist BAJAJ FINSERV Home Loan
List of papers/documents applicable to all applicants:
Employer Identity Card
Proof of Identity (Any one of the following) : PAN/ Passport/ Driver’s License/ Voter ID card 
Loan Application: Completed loan application form duly filled in, affixed with 3 Passport size photographs
Property Papers
Permission for construction
Allotment Letter/Stamped Agreement for Sale
Occupancy Certificate
Conveyance Deed (For New Property)
Maintenance Bill, Electricity Bill, Property Tax Receipt 
Approved Plan copy & Registered Development Agreement of the builder.
Payment Receipts for payments made to Builder/Seller
Account Statement
Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s 
If the applicant has availed of a loan from other Banks/Lenders, then the Loan A/C statement for the last 1 year
Income Proof for Salaried Applicant
- Salary Slip or Salary Certificate for the last 3 months.
- Copy of Form 16 for the last 2 years or copy of IT Returns for the last 2 financial years, acknowledged by IT Dept.
Income Proof for Non-Salaried Applicant
- Business address proof
- IT returns for the last 3 years.
- Balance Sheet and Profit & Loss A/c for last 3 years
- Business License Details (or equivalent)
- TDS Certificate (Form 16A, if applicable)
- Certificate of qualification (for C.A./doctor and other professionals)
* Please note that a co-applicant/guarantor for the home loan will also be required to provide any or all of the above documents upon request for loan approval.
Additional Documents Based on Employment Type For Bajaj Home Loan
Salaried Individuals
- Sale Deed
- Title Deed
- Driving License
- Approved Building Plan
- Occupancy Documents
Self- Employed Individuals
- Audited financial statements (last two years)
- GST Registration
- Trade License
- Partnership Deed
- Occupancy Documents
- ROC Registration Certificate
List of Documents Required to Apply for BAJAJ Bank Home Loan
| Documents | Salaried | Self-employed Professional | Self-employed non Professional |
|---|---|---|---|
| Application form with photograph duly signed | |||
| Identity, address and age proof | |||
| Bank statements of last 6 months | |||
| Salary slips of last 3 months | |||
| Processing fee cheque | |||
| Form 16/Income Tax Returns | |||
| Proof of Business existence | |||
| Business profile | |||
| CIBIL Score of 725 or Higher |
Disclaimer : Bank policies and interest rates are subject to fluctuations and may vary over time. For accurate and up-to-date information, we recommend you talk to a member of the Save Max team. The information provided on this page is referenced from the bank's website (https://bit.ly/4cSAeaK).
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