Apply for Bajaj Finserv Home Loan

Hassle-free Documentation Process | Doorstep Service | Secured Loan | Complete Transparency | Low Interest Rate

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20

Years Of Experience

About Bajaj Finserv Home Loan

Bajaj Finserv Home Loan provides the necessary financial support for Home Buying, Home Renovation, Home Extension, and Plot Purchase. It is a secured loan that requires the borrower to provide collateral as a form of security.

LoanMoney is a registered and authorized Direct Selling agent of various National, Multinational, and Non-Banking Financial Companies. It provides a loan with minimum documentation, low-interest rates for a longer tenure, fast approval mechanism, low processing fees, and multiple repayment options. Apply for Bajaj Finserv Home Loan through LoanMoney to get hazel-free get hassle-free financial support from India's leading Bank.

Features of Bajaj Finserv Home Loan

  • Easy Balance Transfer Facility: Refinance your existing home loan with Bajaj Finserv, with minimal documentation and faster processing. Apply for home loan transfer, and get a top-up loan at the nominal interest rate.
  • Property Dossier: A customised report to guide you through all the legal and financial aspects of being a property owner.
  • Flexible Tenor: Flexible tenors ranging up to 240 months, to fit your repayment capacity.
  • Online Account Management: Online management of your Home Loan using our digital customer portal, for your convenience
  • Top-up Loan: Finance your other requirements with a high-value top-up loan over and above your existing housing loan. Get a top-up loan up to Rs. 50 Lakh without any extra documentation, at a nominal rate of interest.
  • Part-prepayment and Foreclosure Facility: No charges on part-prepayment or foreclosure to make the loan affordable
  • Minimal Documentation: Easy Home Loan eligibility criteria and minimal documentation, to help you get your loan faster
  • Customised Insurance Schemes: Customised insurance schemes to protect your family from the burden of repaying the housing loan in case of unforeseen events
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Details of Bajaj Finserv Home Loan

  • Interest Rate

  • Eligibility Criteria

  • Documents Required

  • General Information

Interest Rate

Fee Amount to be Paid
Rate of Interest 6.90% To 9%
Loan Processing Charges 0.50% To 1.20% + Service Tax
Cheque Bounce Charges NA
Cheque/ Instrument Swap charges NA
Prepayment/ Foreclosure Charges NA
Default Interest Rate NA
Duplicate Statement Issuance Charges NA
Duplicate Amortization Schedule Charges NA
Duplicate Interest Certificate NA
S(Provisional/ Actual) issuance Charges NA
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Bajaj Finserv Home Loan Eligibility Criteria

Age(Min-Max) 23 To 62 Years 25 To 70 Years NA Minimum Income Min. 2,00,000/ p.a Min. 2,00,000/ p.a NA Co-applicant NA NA NA Loan Tenure Max. 30 Years Max. 30 Years NA Maximum Loan Amount Max. 3.5 Crore Max. 5 Crore NA Employment/Business Continuity Min. 3 Year Min. 5 Year NA CIBIL Score Min. 700+ Min. 600+ Min. NA
Particulars Salaried Self Employed Professional
Bajaj Finserv Documents Required

The documents required for a Home Loan from Bajaj Finserv include:

  • Identity proof & KYC Documents
    • PAN Card
    • Aadhaar Card
    • Driving License
    • Voter ID Card
    • Passport
  • Address proof
    • Voter ID Card
    • Aadhaar Card
    • Driving License
    • Passport
    • Utility Bill, etc.
  • Form 16/ latest salary slips
  • Bank account statements of the last 6 months
  • Proof of business continuity (for businesspersons, self-employed)
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Bajaj Finserv General Information

Salaried Self Employed Professional
Age 23 To 62 Years 25 To 70 Years NA
Loan Amount 10 Lakh To 3.5 Crore Max. 25 Crore NA
Tenure Max. 30 Years Max. 30 Years NA
Rate of Interest / APR [Annual Percentage Rate] 6.90% To 9% 6.90% To 9% 6.90% To 9%
Features Get a top-up loan up to Rs. 50 Lakh Get a top-up loan up to Rs. 50 Lakh Get a top-up loan up to Rs. 50 Lakh
Processing Fees 0.50% + Service Tax 0.50% + Service Tax 0.50% + Service Tax
Special NA NA NA
Documentation KYC/Financial(2 Years) & Property Documents. KYC/Financial(2 Years) & Property Documents. NA
Eligibility

For Salaried individuals, Housing Loan eligibility criteria is

  • You should be a resident of India

  • You should be between 23 and 62 years of age

  • You should be a salaried individual with a work experience of 3 years or more.

  • The minimum and maximum loan amounts are Rs. 10 lakh and Rs. 3.5 crore respectively.

For self-employed individuals, Housing Loan eligibility criteria are

Whether you are a businessman, doctor, CA or an engineer we have customized home loans up to Rs. 5 crores, if-

  • You are an Indian resident.

  • You are between 25-70 years of age.

  • You are a self-employed individual with minimum of 5 years of continuity in current business.

NA

Self-Employed Documents

Application Form

Double-check your form entries.

KYC Documents

Need your PAN card, Aadhaar card, passport, or driver's license.

Proof of Business Existence

Documents demonstrating the existence of your business, such as a partnership deed, memorandum of association, articles of association, or business registration certificate.

Proof of Business Ownership

Documents indicating your ownership in the business, such as partnership deeds, shareholding pattern.

Educational Qualification Proof

Educational certificates showcasing your qualifications and relevant experience in your business or industry.

Property Documents

Documents related to the property you intend to purchase, including sale agreement, allotment letter, title deed, and property tax receipts.

Income Proof

Bajaj Finserv might require various documents to establish your income. These could include:

  • Income Tax Returns (ITR): ITRs for the last 2-3 years, including computation of income, profit and loss account, and balance sheet
  • Profit and Loss Statement: Audited or certified profit and loss statements for the last 2-3 years
  • Balance Sheet: Audited or certified balance sheets for the last 2-3 years. 

Business Profile

A profile of your business, including its nature, products/services offered, clients, and market presence.

Processing Fee Cheque

A cheque or demand draft for the processing fee, which is typically non-refundable.

Other Financial Obligations

Details of any other existing loans, credit facilities, or financial commitments.

Self-Employed Eligibility

  1. Age: The applicant's age is between 25 to 70 years.
  1. Income: Self-employed individuals' income can be variable, so lenders usually assess their income stability and capacity to repay. Bajaj Finserv may require applicants to provide financial statements, income tax returns, and other documents to verify their income.
  1. Business Stability: The stability and track record of the applicant's business play a role. Lenders often consider the business 's vintage (how long it has been operational) and its financial health.
  1. Credit History: A good credit history enhances the chances of loan approval. Bajaj Finserv might review the applicant's credit score and credit report to assess their creditworthiness.
  1. Loan Amount: The loan amount requested also influences eligibility. Bajaj Finserv might have specific criteria regarding the loan-to-value (LTV) ratio, which is the percentage of the property's value that they are willing to finance.
  1. Property Details: The property being purchased also matters. Bajaj Finserv will likely consider the propert's location, type, age, and value.
  1. Other Financial Obligations: Existing loans or financial commitments can impact eligibility since they affect the applicant's debt-to-income ratio.
  1. Documentation: Required income tax returns, balance sheets, profit and loss statements, business ownership proof, bank statements, and KYC documents.
  1. Co-applicants: Including a co-applicant (like a spouse or family member) with a stable income and good credit can improve eligibility.

Quick Enquiry for Bajaj Finserv Home Loan

Share your contact details and talk with our experts to get an instant decision on your loan.

Check Your Eligibility

How much do you need?

EMI Calculator

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Purpose for Taking Home Loan

Home Buying

Buy your dream house or home that is within your budget.

Home Renovation

Make your home more beautiful by renovating your dream home.

Home Extension

Increase the amount of built-up space at your home using this loan.

Clients words

What our clients say

We pride ourselves on providing transparent and quality service to our clients, but you don’t just have to take our word for it. Read what our clients have to say about us.

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Job Varghese

Client

I am totally satisfied by loan money and the way it services its customers.... especially I thank and appreciate Ms. Somya as she is a great resource to the organization. She has been constantly assisting me from start till the end and has been a very prompt and sensible officer as she could offer the relevant deal for me.

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Vishwajeet Nanaware

Client

LoanMoney is really good in providing loan services. Particularly Chanchal, my loan assistant has great skills to communicate with her clients and understand their needs. She processed my personal loan on time. The rate of interest offered was lower than the others. it was overall a good experience with 100% satisfaction.

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Avlokit Kaushik

Client

This is my second time in have taken a loan from LoanMoney. Kavita has helped me a lot..very cooperative very helpful very fast. Thanku again.

FAQ of Home Loan

  • Who can apply for a Home Loan?

    Home Loan is available for salaried/self-employed as well as Professionals, Employees of public/pvt Ltd companies. Every bank has individual minimum criteria for net monthly income Rs. 25,000, age between 21 to 60 years, profession, CIBIL Score, job continuity, etc.

  • How long will it take for my Home Loan to be processed?

    Once you submit your application form and the required documents as per Bank's criteria, you can expect our approval and disbursal within 5 working days, provided everything is in order. All loan approvals are at the sole discretion of the bank.

  • What is the Cheapest Home Loan or Affordable Home Loan?

    An Affordable or cheapest Home Loan is a loan in which not only you can get an attractive interest rate starting from 10:75% to 18%, and you can get a quick Home Loan with minimum processing fees, No hidden charges. With our easy & minimal paperwork, and flexible EMI payment options will make it a hassle-free Home Loan.

  • What are Nil Foreclosure Charges in Home Loan?

    The term Loan foreclosure means that when a person does the full repayment of the remaining loan amount in one single & final payment instead of paying it back in multiple EMIs.

    Some banks don't allow foreclosure of the loan as they won’t get the interest from the borrower and some banks allow foreclosure of the loan but they charge a certain amount from the borrower. While taking a Home Loan to try to see if there is zero foreclosure charges or nil foreclosure charges facility available for borrowers. This can save your money which you was going to pay to the bank.

  • What are the features of Loanmoney's Fastest Home Loan?

    The features of Loanmoney's Fastest Home Loan are No Collateral or no Security, Easy Repayment options, Safety, Attractive Interest rates, It is Unsecured, Can be Obtained for any Purpose and Fast, Cheap & Reliable.

  • Do I need to provide any security or collateral to obtain Home Loan from Bank?

    No, you don’t have to provide any security, collateral or guarantee to obtain Home Loan from Bank.

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