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Bajaj Housing Finance Home Loan
Bajaj Housing Finance offers a variety of loans, including a home loan for up to Rs.5 crore, with interest rates starting at 7.20% per annum for salaried individuals and professionals.
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Bajaj Housing Finance Home Loan
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Bajaj Housing Finance Home LoanHere are a few factors
| Location | PAN India |
| CIBIL Score | 650+, Minus 1 CIBIL Applicant |
| Applicant | Any Salaried or Self Employed Person |
| Applicant Age | Salaried-21 Year to 60 Year, Self Employed-21 Year to 65 Year |
| Loan Amount & Tenure | 5
Lac to No Limit (5 Year to 25 Year) |
| Login Fees | Zero |
| Rate of Interest & Type | Salaried:8.45% to 10% Self Employed: 8.50% to 10% |
| TAT | 3 Days |
| Processing Fees | 0.20% of Loan amount+GST |
| Insurance & Other Charges | Insurance Charges:0%-2% |
| Foreclosure Charges | Nil for Individual & 2% for other than individual |
| Minimum Income | Minimum Salary-33K Net per month & SENP (CA & Doctor) |
| Lock In Period | 1 Month |
| Part Payment Allowed | Yes |
| Home Loan OD Product | No |
| LTV | Lower
of (i) 90% of Market Value if Loan amount<30 Lac, 80% of Market Value if
Loan amount>30 lac-75Lac or (ii) 160% of Registry Value |
| Product | New Home Purchase, BT+Topup |
| Program | Banking Program-5 Cr, GST Program-2 Cr,Income Program-75 Cr, Gross Receipts (for CA, Doctors)-3 Cr |
| CO - Applicant | Yes |
| FOIR | If Annual Income<6 Lac-60%, 6lac-10 Lac-65%, 10lac-15 lac-70%, >15 lac-18 lac-75%,>18Lac-80% |
| Negative Profile | Real Estate, Cash Salary Applicant,Advocate,DSA, Employee with Properitorship Firm |
| Funded Property Type | (i) Residential Property |
| Negative Property | Khasra-Khatauni
Property, Lal Dora Property, Un-approved Property, GPA Property, Gram
Panchayat Property, Legal & technical not clear, GPA Property, Auction Property, Bachha Flat,Basement,Sub-divided Property,Without MAP Property,Subject to Sale Deed |
| Accepted Collateral | Other than Negative Property & Regularized colony |
| Business Vintage for Self Employed Person | 3 Year |
| Minimum Job Experience for Salaried Person | 2 Year |
| Experience with Current Employer | 3 Month |
| Any Specfic Product for Professionals | Yes,
For Chartered Accountant & Doctors & Architect: Maximum Loan upto 3
Cr (For Doctor -4 time of cash profit & for CA 3 time of cash profit) |
| USP | 1.
Zero Login Fees 2. For Doctors & CA, funding can be done upto 100% of market value upto 1 cr 3. Loan Tenure upto 40 years |
| Additional | 1.
Funding to NRI is doing 2. Focus on Salaried Individual & Self Employed Professional for New Purchase 3. BT of existing loan can be done for any applicant 4. Direct allotment cases are entertained only for approved projects 5. Pension not considering |
Bajaj Housing Finance Home Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 8 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,699 |
| Total Interest | ₹ 4,386 |
| Loan Amount + Interest | ₹ 104,386 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,258 | ₹ 1,839 | ₹ 26,097 | ₹ 75,742 | 24.26 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,744 | ₹ 2,547 | ₹ 78,291 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Start with Bajaj Housing Finance in few steps
If you are planning to apply for a home loan at Bajaj Housing Finance there are certain details that you should be aware of, Let’s discuss
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
Documents and Eligibility Required for Bajaj Housing Finance
Eligibility
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The age of the applicant should be between 23 to 70
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Self-employed individuals are qualified to apply for loans backed by real estate.
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The min. Employment experience should be 3-5 years..
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The applicant must be an Indian Citizen
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Maximum Loan Against Property of 30 Lacs Credit Amount
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Minimum CIBIL score has to be 750
Documents Required:
KYC documents
Proof of Income
Proof of business existence
Bank statement (Last 6 months)
FREQUENTLY ASKED QUESTIONS
Even if you are capable of buying a home using your own fund, you may still want to avail a home loan facility to save on taxes. You can thus invest your funds to earn an attractive return. Apart from this, there are several other benefits of availing a home loan such as due diligence of property by bank, liquidity benefits, etc.
Yes, borrowers can attempt to negotiate a shorter repayment tenure with the approval of the lender. This will result in increased monthly installments and decreased interest outgo. To increase the EMI amount, the borrower needs to submit adequate data on income and credit score which will be verified to ensure their risk position while availing of another loan from the Bank. However, BHFL might ask in lieu of this proof an additional charge for processing higher than the stipulated monthly installment.
Partial pre-payment is one of the convenient facilities offered by the Bajaj Group. The scheme will allow you to pay off your loan amount before the maturity date without making any change in the maturity date of the loan and without any prepayment charges. You can also do this through the foreclosure procedure.
The more the CIBIL scores the more chances of loan approval. Whereas the minimum CIBIL score requirement for Home Loan at Bajaj Housing Finance is 750.
No, it is not mandatory to have a co-applicant for applying for a home loan. But having a co-applicant can certainly increase your chances of home loan approvals.
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