Here are the highlights of Bajaj Finserv Home Loan:

Loan amount	Rs.15 Crores
Rate of interest	8.45% - 15.00% p.a
Tenure	Up to 30 years
Lowest EMI possible	Rs. 769 Per Lakh
Processing fee	Up to 0.50 % of the loan amount + GST and other applicable statutory levies

Following are the features of Bajaj Finserv Home Loan:

• Loan amount: Up to 90% of the property for both salaried as well as self employed borrowers.
• Bajaj Finserv Home Loan Interest Rates start from 8.45% - 15.00% per annum
• Repayment tenure: Up to 30 years
• Bajaj Finserv Home Loan Processing Fees is up to 0.50% - 7% of the loan amount.
• Lowest EMI possible: Rs. 769 Per Lakh
• Diversified portfolio. Borrow for purchasing a ready to move house/flat, property under construction, buy second-hand houses or apartments or to fund construction of a residential plot.
• Loans available for repairs, renovations, improvement, and extension of existing homes.

• A wide range of home loans starting from 30 Lakhs to 15 Crores.
• Extremely competitive rates of interest; both fixed and floating EMI options.
• Extended home loan tenure up to 30 years, depending on age and eligibility.
• Low processing fees & minimal paperwork.
• No charges on prepayment/part payment or foreclosure of the home loan.
• Repayment flexibility
• The NBFC also allows you to transfer your existing home loan from other banks to them.
• You can expect attractive rates of interest on home loans with reasonable processing fees.
• You also get flexible repayment options. There is no penalty for pre-payment and foreclosure.
• Option to add co-applicant for extended loan amount.
• Bajaj Finserv is also an active player in the Pradhan Mantri Awaas Yojana.
• Highly customised insurance plans are available too.
• Loan repayment will entitle income tax benefits.

Bajaj Finserv offers home loan at attractive interest rates, starting from as low as 8.45% - 15.00% p.a. The attractive rate of interest makes your EMIs affordable and allows you to repay your loan conveniently.

Following are the current Bajaj Finserv Home Loan Interest Rates:

Type of Loan	Home Loan
Type of Interest Rate	Floating
Interest Rate for Salaried Applicants	8.45% - 15.00% p.a.
Interest Rate for Self-employed Applicants	9.10% to 15% p.a.
Doctors	8.60% to 14% p.a.

Lender	Maximum Loan Amount	Maximum Tenure	Interest Rate	Processing Fee
Bajaj Finserv Home Loan	Up to 85% of property	30 years	8.45% - 15.00%	Up to 0.50% - 7% of the loan amount + GST and other applicable statutory levies
HDFC Home Loan	Up to 90% of property cost	30 years	8.50% - 9.15%	Up to 0.50% or Rs. 4,500 (whichever is higher) + applicable taxes
SBI Home Loan	Up to 90% of property cost	30 years	8.40% - 10.05%	Up to 0.35% + applicable GST
ICICI Bank Home Loan	Up to 90% of property	30 years	9.00% - 10.05%	0.50% - 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST

Bajaj Finance offers various kinds of Home Loans depending on the category of borrower, location of the property, and so on. Top products are:

Bajaj Finserv Flexi Hybrid Home Loan

Purpose: Bajaj Flexi Hybrid Home Loan is one of the popular housing products for funding a home purchase. You can use the funds to buy a new or owned house or apartment.

Eligibility for the Flexi Hybrid Home Loan facility:

• Loans available up to 85% of the project cost.
• You get the advantage of an extended repayment period up to 20 years.
• Loan quantum available up to 15 Crores.
• Salaried, self-employed, and business persons can apply for Bajaj Finserv Flexi Hybrid Home Loan.
• Age of the borrower should not be over 50 years.
• Properties under construction are not eligible for financing under this product.

Features of Flexi Hybrid Home Loan

• Bajaj Flexi Hybrid Home Loan offers dual benefit of flexi-interest and flexi-term loan.
• You can withdraw from the part-payments you make. In short, it is akin to the overdraft loan facility that many banks offer.
• You pay only the interest during the initial flexi-interest period.
• There is no restriction on the repayment of principal amount.
• There are no fees for part payment or even foreclosure of the home loan.
• You just need to pay nominal maintenance fees at the end of each year to enjoy the benefits of the hybrid flexi loan.

Benefits of the Flexi Hybrid Loan

• You get a principal holiday period of up to 4 years
• As you pay the interest alone during this period, you can manage your finances better.
• You can make part payment and withdraw instantly.
• There is no limit on the number and amount of part payments you make.
• As you keep making part payments, the chances of default are minimal.

Bajaj Finserv Home Loan - Normal

• This is the standard home loan product by Bajaj Finance and you can use funds for construction of houses or buying apartments under construction or new or second-hand homes and flats.
• The minimum age for applying loan is 25 years, and the maximum age at maturity of the loan should be 70 years. However salaried employees must be between 23 and 62 years of age.
• The minimum amount of loan for a salaried individual is 10 Lakhs. The maximum quantum of a loan under this product is Rs 3.50 Crores.
• Self-employed professionals like doctors and CAs hold higher eligibility of 5 Crores.
• The maximum repayment tenure is 240 months (20 years).

Bajaj Finserv Home Loan Balance Transfer

• Transfer your existing loan from any bank or HFC to Bajaj Finance to avail the benefit of lower interest.
• Get extended repayment tenures depending on your age and eligibility.
• Ensure that the repayment in your existing loan is in order.
• Salaried individuals get the benefit of 3 EMI holidays.
• Pre-payment and foreclosure allowed without any penalty.
• No hidden charges involved.
• Get the benefit of flexi-hybrid loan (if the borrower is under 50 years of age).

Bajaj Finserve Top-Up facility

• Customers availing Home Loan Balance Transfer facility are eligible for the Top-Up home loan. Only salaried employees are eligible for the Top-Up facility.
• The maximum amount of Top-Up available is 50 Lakhs, subject to eligibility norms and availability of adequate security (LTV norms).
• Use it for a variety of expenses such as medical, education, marriage, and so on.

You can conveniently Calculate your EMI for Bajaj Finance Home Loan on TheMoneyTrunk EMI Calculator. Enter the loan amount, loan tenure, and rate of interest to get your EMI.

Bajaj Finserv Home Loan EMI Calculation

To help you compare home loan EMIs for Bajaj Finserv Home Loan, sharing below EMI Calculation for Rs 10 Lakh to Rs 60 Lakh amount for 10, 20 & 30 years at lowest rate of 8.50% p.a. The EMI will certainly change during the year as the home loan rate resets during the loan period.

Loan Amount	10 years	20 years	30 years
Rs.10 lakh	Rs.12,399	Rs.8,678	Rs.7,689
Rs.20 lakh	Rs.24,797	Rs.17,356	Rs.15,378
Rs.30 lakh	Rs.37,437	Rs.26,035	Rs.23,067
Rs.40 lakh	Rs.49,594	Rs.34,713	Rs.30,757
Rs.50 lakh	Rs.61,993	Rs.43,391	Rs.38,446
Rs.60 lakh	Rs.74,391	Rs.52,069	Rs.46,135

Processing Charges	Salaried Persons - Up to 0.50%  Self-Employed Individuals - Up to 1.20%
Loan Statement Charges	NIL
Principal and Interest Statement Charges	NIL
EMI Bounce Charges	Up to Rs. 3000
Foreclosure Charges	Bajaj Finance calculates charges in the following manner
On Term Loans	On Outstanding Principal
Flexi Term Loan	On Current Drop Line Limit
Flexi-Interest-Only Loans	On Sanctioned Limit
Penal Interest	2% per month+ Taxes
Secure Fee	One-time fee up to  Rs. 4,999

Below are the points for Bajaj Finserv Home Loan Eligibility:

• Salaried individuals between 23 and 62 years of age are eligible for Bajaj Finance Home Loan. In case of self-employed individuals, the eligible age group is 25 to 70 years.
• The maximum age limit for Flexi Home Loans is 50 years.
• Salaried employees should have work experience of a minimum of 3 years whereas self-employed persons should be in business/profession for a minimum of 5 years.
• The minimum amount of loan for salaried employees is 10 Lakhs and maximum is 15 Crores. Self-employed professionals can borrow up to  15 Crores
• Minimum salary should be 25,000 in most cities in India. It is 30,000 in the cities of Delhi, Faridabad, Ghaziabad, Gurugram, Mumbai, Navi Mumbai, Noida, and Thane. The minimum property value should be 15 Lakhs.

• Proof of Address : Aadhaar, Voter ID, Passport, Driving License, etc.
• Proof of Identity : Aadhaar, PAN, Passport, Driving License, Voter ID, etc.
• Document for proof of Business, of min. 5 years (for Businessmen/ self-employed individuals)
• Passport Size Photograph
• Bank account statements of the previous 6 months
• Form 16
• Latest 3 Month Salary Slips

Bajaj Finserv is one of the member lending institutions authorised by the Government to offer Home Loans under the Pradhan Mantri Awas Yojana (PMAY). This program provides the benefit of interest subsidy to the different categories of borrowers. This subsidy is credited upfront to the loan account. This interest subsidy is available on the PMAY - Urban Home Loan Scheme only. As a result, the borrower has a lower interest burden and EMI.

Category of Borrower	Income Criteria	Loan amount range eligible for the subsidy	Maximum interest subsidy
Economically Weaker Section - EWS	Annual Income up to  3 Lakhs	6 Lakhs	6.5% subsidy with a maximum of  2.67 Lakhs
Lower Income Group - LIG	More than  3 Lakhs and up to  6 Lakhs	6 Lakhs	6.5% subsidy with a maximum of  2.67 Lakhs
Middle Income Group - MIG-I	More than  6 Lakhs and up to  12 Lakhs	9 Lakhs	4% subsidy with a maximum of  2.35 Lakhs
Middle Income Group - MIG-II	More than  12 Lakhs and up to  18 Lakhs	12 Lakhs	3% subsidy with a maximum of  2.30 Lakhs

Download the Bajaj Finance mobile app by sending SMS 'APP' to 9227564444  
Email Bajaj Finance at [email protected]  
For grievance redressal, email at [email protected]  
Give a call between 9.30 am to 5.30 pm from Monday to Friday on 020-71177266  
For escalating requests, email to [email protected]  
For all queries, call 020-39575152

Corporate Office

4th Floor, Bajaj Finserv Corporate Office

Off Pune-Ahmednagar Road, Viman Nagar, Pune 411014

Ph No 020-30405060

Fax 020-30405020