Bajaj Housing Home Loan
Bajaj Housing Finance, a subsidiary of Bajaj Finance, offers home loans with low interest rates starting from 8.25% per annum for salaried individuals. Eligible borrowers can access loan amounts up to ₹5 crore or higher, depending on their eligibility, with flexible repayment tenors extending up to 32 years. The company provides quick loan disbursals, often within 48 hours of approval, making it a convenient option for homebuyers.
Bajaj Housing Home Loan Interest Rate, Fees & Charges
Interest Rates
| Applicant Type | Loan Type | Interest Rate (p.a.) |
|---|---|---|
| Salaried | Home Loan | 8.25%* to 17.00%* |
| Home Loan ( Balance Transfer) | 8.30%* to 17.00%* | |
| Top-up Loan | 9.10%* to 17.00%* | |
| Self-Employed | Home Loan | 8.55%* to 17.00%* |
| At Home Loan ( Balance Transfer) | 8.55%* to 17.00%* | |
| Top-up Loan | 9.30%* to 17.00%* |
Fees & Charges
To apply for a Piramal Business Loan, you need to meet the following criteria:
| Type of Fee | Charges |
|---|---|
| Processing Fee | Up to 4% of the loan amount + applicable GST |
| EMI Bounce Charges | Varies based on loan amount:
|
| Penal Interest Charges | Up to 2% |
| Part-Prepayment Charges | For floating interest rate loans: Nil for both individuals and non-individuals For fixed interest rate loans: 2%* on part-prepayment for term loans; Nil for Flexi Term and Flexi Hybrid loans |
| Foreclosure Charges | For floating interest rate loans: Nil for both individuals and non-individuals For fixed interest rate loans: 4%* on principal outstanding for term loans; 4%* on the available Flexi Loan Limit for Flexi Term loans; 4%* on the sanctioned amount during Flexi Interest Only Loan Repayment Tenor; and 4%* on the available Flexi Loan Limit during Flexi Term Loan Tenor |
Note: GST as applicable will be payable by the borrower in addition to the prepayment charges.
Bajaj Housing Home Loan Eligibility
To apply for a Roha Housing home loan, applicants need to submit essential documents for identity verification, income proof, and property details.
| Criteria | Salaried Individuals | Self-Employed Individuals |
|---|---|---|
| Age | 21 to 75 years* | 23 to 70 years* |
| Nationality | Indian citizen (including NRIs) | Indian resident |
| Work Experience / Business Vintage | Minimum 3 years of work experience in a public or private sector firm or an MNC | Minimum 3 years of business continuity in current enterprise |
| Credit Score | Ideal score of 750 and above | Ideal score of 750 and above |
Documents Required For Bajaj Housing Home Loan
| Document Type | Specific Document |
|---|---|
| Identity Proof | Passport, Voter ID, Driving License, PAN Card, Aadhaar Card |
| Address Proof | Telephone Bill, Electricity Bill, Passport, Bank Statement/Passbook |
| Mandatory Documents | PAN Card or Form 60 |
| Recent Photographs | Passport-sized photographs |
| Income Proof for Salaried Individuals | Form 16 and/or latest salary slips |
| Bank Account Statements | Last 6 months' bank statements |
| Property Documents | Stamped agreement of sale, allotment letter, sale deed, NOC from builder or housing society, land tax receipt, possession certificate, payment receipts or bank statements showing payments made to seller or builder, detailed estimation of house construction cost, occupancy certificate for constructed apartments |
Types of Home Loans Offered by Bajaj Housing Finance
Bajaj Housing Finance offers various types of home loans to cater to different needs:
Home Purchase Loan: For buying a new or pre-owned residential property.
Home Renovation Loan: To fund home improvements, repairs, or remodeling projects.
Home Construction Loan: For constructing a new house on a purchased plot.
Home Loan Balance Transfer: Allows transferring an existing home loan from another lender to Bajaj Housing Finance for better terms.
Top-up Loan: An additional loan amount over an existing home loan, useful for personal expenses like education or medical needs.
Joint Home Loan: A loan taken jointly by two or more individuals, such as spouses or siblings, sharing repayment responsibilities.
Why Apply For a Bajaj Housing Finance Home Loan At BigMudra?
Low Interest Rates:Get a home loan at competitive interest rates, helping you save money on repayments over time.
Quick Approval Process:Enjoy a fast and hassle-free loan approval process, so you can secure funds for your dream home without unnecessary delays.
High Loan Amount Eligibility: Based on your financial profile, you can avail a high loan amount to purchase the house you desire.
Flexible Repayment Options:Choose from various repayment plans that best suit your monthly budget and long-term financial goals.
Minimal Documentation Required:The loan process requires only essential documents, reducing paperwork and making the application process smooth.
Reliable and Hassle-Free Experience:BigMudra, in partnership with Bajaj Housing Finance, ensures a seamless and transparent loan application journey.
How to Apply for a Bajaj Housing Finance Home Loan
Bajaj Housing Finance offers easy and quick home loans to help you buy, renovate, or construct your dream home. If you are a pre-approved customer, you can get instant loan offers based on your financial profile and credit history. Existing customers can visit BigMudra.com to check their eligibility and apply effortlessly.
For new customers, the process is simple:
Visit BigMudra.com and fill out the online home loan application form.
Submit the required documents, including identity proof, income details, and property-related documents.
Get quick approval, and the loan amount will be disbursed to your account for your home purchase or project.
Applying for a Bajaj Housing Finance Home Loan through BigMudra is hassle-free and designed to make your home-buying journey smooth and convenient!
FAQs on Bajaj Housing Finance Home Loan
What is the minimum and maximum loan amount I can get?
You can avail a home loan starting from a few lakhs up to ₹5 crore or more, depending on your eligibility.What is the interest rate for a Bajaj Housing Finance Home Loan?
Interest rates start from 8.25% per annum for salaried individuals and 8.55% per annum for self-employed individuals.How long does it take for loan approval and disbursal?
Loan approval is quick, and the amount is usually disbursed within 48 hours after approval.What documents are required to apply for a home loan?
You need identity proof, address proof, income proof, bank statements, and property documents.Can I transfer my existing home loan to Bajaj Housing Finance?
You need KYC documents (PAN, Aadhaar), income proof (ITR, bank statements), and business-related documents (financial statements, business proof).How can I apply for a home loan through BigMudra?
Visit BigMudra.com, fill out the application form, upload the required documents, and get quick approval.
