A Bajaj Finance Home Loan (Bajaj Finserv) helps individuals purchase, construct, or renovate a home with competitive interest rates, flexible repayment tenure, and quick loan approval. Offered by Bajaj Housing Finance Limited (BHFL), these loans provide funding of up to ₹15 crore with repayment tenures of up to 32 years, making homeownership more accessible. Borrowers can benefit from interest rates starting from around 7.15%* p.a., affordable EMIs starting at ₹664 per lakh, and digital application processes. With features like balance transfer options, top-up loans, and doorstep document pickup, Bajaj Housing Finance offers convenient financing solutions for modern homebuyers.
Bajaj Finance Home Loan Highlights
Bajaj Finance offers home loans designed to suit various borrower needs, including home purchase, construction, renovation, and refinancing. The table below summarizes the key features.
| Feature | Details |
| Starting Interest Rate | 7.15%* p.a. |
| Maximum Loan Amount | Up to ₹15 crore* |
| Maximum Tenure | Up to 32 years |
| Processing Time | Approval within 48 hours* |
| Foreclosure Charges | Nil for floating-rate loans (individual borrowers) |
Note: interest rates or loan amounts are subject to change based on final eligibility and internal policies
Bajaj Finance Home Loan Interest Rates
Bajaj Finance offers competitive interest rates depending on the applicant’s profession and financial profile.
| Borrower Category | Interest Rate Range (p.a.) |
| Salaried Individuals | 7.15%* – 17.00%* |
| Doctors | 7.30%* – 17.00%* |
| Self-Employed Professionals | 7.75%* – 17.00%* |
Note: Final interest rates depend on factors such as credit score, loan amount, income stability, and property profile.
| Factors Influencing Bajaj Finance Home Loan Interest Rates
Several factors determine the interest rate offered on a Bajaj Finance home loan.
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Also Read: Impact of Repo Rate Cut on Home Loan
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Bajaj Finance Home Loan Processing Fee & Charges
Apart from interest rates, borrowers should also consider additional charges associated with the home loan.
| Type of Charge | Applicable Fees |
| Processing Fee | Up to 4% of the loan amount |
| Foreclosure / Prepayment | Nil for floating-rate loans (individual borrowers) |
| Bounce Charges | ₹500 – ₹10,000 depending on loan amount |
| Statement Charges | Nil for interest and principal statements |
Compare Bajaj Finance Home Loans Interest Rates with Top Home Loans
Below is a comparison of Bajaj Finserv Home Loan interest rates with other leading banks and housing finance companies in India.
| Bank / NBFC Home Loan | Interest Rate (p.a.) |
| Bajaj Finance Home Loan | 7.15%* p.a. onwards |
| LIC Housing Finance Home Loan | 7.15%* p.a onwards |
| SBI Home Loan | 7.50%* p.a. onwards |
| Tata Capital Housing Finance | 7.50%* p.a. onwards |
| Bank of Baroda Home Loan | 7.45%* p.a. onwards |
| Union Bank of India Home Loan | 7.45%* p.a. onwards |
| ICICI Bank Home Loan | 7.65%* p.a. onwards |
| Kotak Mahindra Bank Home Loan | 7.70%* p.a. onwards |
| HDFC Home Loan | 7.90%* p.a. onwards |
| Standard Chartered Home Loan | 7.99%* p.a. onwards |
| Axis Bank Home Loan | 8.35%* p.a. onwards |
| IIFL Home Loan | 8.75%*p.a. onwards |
| Federal Bank Home Loan | 8.75%* p.a. onwards |
| IDFC FIRST Bank Home Loan | 8.85%* p.a. onwards |
Note: The interest rates mentioned above are indicative and may change based on the lender’s policy, borrower’s credit score, loan amount, and prevailing market conditions. Borrowers should verify the latest interest rates on the official websites of the respective banks or financial institutions before applying for a home loan.
Also Read: All Bank Home Loan Interest Rates
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Bajaj Finance Home Loan Eligibility
Applicants must meet certain eligibility criteria to qualify for a Bajaj Finance home loan.
- Must be an Indian resident citizen.
- Age:
Salaried individuals: 23 – 67 years
Self-employed individuals: 23 – 70 years
- Credit Score: A CIBIL score of 725 or above is generally preferred.
- Work Experience:
Salaried applicants: Minimum 3 years of work experience.
Self-employed applicants: Minimum 5 years of business continuity. - Minimum Income: Monthly income requirements usually start from ₹25,000 – ₹30,000 depending on the loan amount and location.
Documents Required for Bajaj Finance Home Loan
Applicants must provide specific documents to complete the loan application process.
- Identity Proof: Aadhaar card, PAN card, passport, voter ID, or driving license.
- Address Proof: Aadhaar card, passport, utility bills, or other valid documents.
- Income Proof:
Salaried applicants: Latest salary slips and Form 16.
Self-employed applicants: Profit & Loss statements and income tax returns. - Bank Statements: Last 6 months of bank statements.
- Business Proof: Required for self-employed applicants to verify business stability.
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Types of Bajaj Finance Home Loan
Bajaj Finserv offers several types of home loan products designed to meet different housing needs, such as buying a home, constructing a property, refinancing an existing loan, or purchasing land. These loan variants allow borrowers to choose the financing option that best matches their property goals and financial situation.
| Loan Type | Purpose |
| Home Purchase Loan | For buying ready-to-move, under-construction, or resale residential property |
| Home Construction Loan | For building a house on an owned plot of land |
| Home Loan Balance Transfer | Transfer an existing home loan from another lender to Bajaj Finance |
| Top-Up Home Loan | Additional loan amount on an existing home loan for other financial needs |
| Plot / Land Loan | For purchasing residential plots for future home construction |
1. Home Purchase Loan
A Home Purchase Loan helps borrowers finance the purchase of a residential property. It can be used to buy ready-to-move apartments, under-construction flats, or resale homes. Borrowers can repay the loan through affordable EMIs over a flexible tenure.
2. Home Construction Loan
A Home Construction Loan is designed for individuals who already own a plot and want to build a house on it. The loan amount is typically disbursed in stages based on the progress of construction, ensuring funds are used according to the construction timeline.
3. Home Loan Balance Transfer
A Home Loan Balance Transfer allows borrowers to transfer their existing home loan from another bank or lender to Bajaj Finance to benefit from lower interest rates or improved loan terms. Borrowers may also be eligible for an additional top-up loan of up to ₹1 crore.
4. Top-Up Home Loan
A Top-Up Home Loan allows customers who already have a home loan with Bajaj Finance to borrow additional funds. This extra loan amount can be used for purposes such as home renovation, interior upgrades, education expenses, or other financial requirements.
5. Plot / Land Loan
A Plot or Land Loan helps individuals purchase residential land for future construction of a home. Borrowers can buy a plot now and build their house later while spreading the cost through manageable EMIs.
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Bajaj Finance Home Loan EMI Calculator
A home loan EMI calculator helps borrowers estimate their monthly repayments before applying for the loan.
Your Amortization Schedule (Yearly/Monthly)
Steps to Use the EMI Calculator
- Enter the loan amount you want to borrow.
- Select the loan tenure (up to 32 years).
- Input the interest rate applicable to your loan.
- The calculator will instantly display your monthly EMI, total interest payable, and total repayment amount.
Also Check: Home Loan EMI Calculator
Apply for Bajaj Finance Home Loan
Applying for a Bajaj Finance home loan is simple and can be done online.
Steps to Apply
- Visit the official Bajaj Finance website and click on Apply Online or Check Eligibility.
- Enter your mobile number and verify it using the OTP received.
- Fill in personal details such as name, PAN, date of birth, and address.
- Provide employment details, including income, occupation, and work experience.
- Enter property details and submit financial information using secure account aggregator tools.
- Submit the application and wait for a representative to contact you for the next steps.
Loan approval may be provided within 48 hours, subject to document verification.
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Track Bajaj Finance Home Loan Application Status
Borrowers can track their home loan application status through multiple methods.
Steps to Track Application Status
- Visit the Bajaj Finance website.
- Navigate to the Loan Application Status section.
- Enter your application ID and registered mobile number.
- View the real-time progress of your application.
Alternatively, applicants can contact customer support with their application reference number.
Bajaj Finance Home Loan Customer Care
Bajaj Finserv offers multiple dedicated channels, including phone, email, and specialized SMS services, to provide end-to-end assistance for both new and existing home loan customers.
| Contact Channel | Details and Contact Information |
| Customer Care Number | 022 4529 7300 |
| Email Support | bhflwecare@bajajhousing.co.in |
| WhatsApp Service | Text ‘Hi’ to 750 750 7315 |
| Missed Call Service | 020 6910 5935 (to enquire or apply) |
| SMS (New Customers) | SMS ‘SHOL’ to 9773633633 |
| SMS (Existing Customers) | SMS keywords to +91 9227564444 |
| Operational Hours | Monday to Saturday, 9 AM to 6 PM |
| Digital Portals | Customer Portal (My Account) and Instant Chat |
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