Bajaj Finserv Home loan – Interest Rates 2018, EMI Eligibility Documents

Bajaj Finserv Home loan ✓ Lowest Interest Rates 8.35% ✓ Documents ✓ Eligibility ✓ Offers ✓ Benefits ✓ Processing fees ✓ Status ✓ Application process information online.

Bajaj Finance Ltd. is one of India’s most diversified and leading finance companies offering various types of loans. Among its product offerings are the company’s very attractive home financing solutions. These home loans are made available to different customer categories, promising very affordable interest rates along with a number of other attractive features such as partial prepayments and zero foreclosure costs.

Home Loan applications received for rupees ₹ 419,027 crores till 26 May 2018


Loan Amount

Annual Income


54,02,013 loan quotes taken till now.
  • 54 lakh customers serviced to get best Loan deals with deal4loans. Deal4loans views Published @
  • As RBI cuts rate, should you go for fixed home loan Deal4loans views Published @ Economic Times online.

Key Features

  • Substantial loan amounts and long loan tenures.
  • The ‘Home Loan +’ scheme which lets customers avail a loan that finances both, the purchase of their homes as well as the cost of interior fittings.
  • Interesting refinancing options whereby customers can borrow to finance self-funded properties.
  • Prepayment facilities.
  • The ‘Flexi scheme’ under which borrowers can prepay and borrow on prepaid amounts.
  • Flexible EMI options

Current Home Loan Interest Rates 2018

Types of fees Charges applicable
Rate of interest 8.35%
Processing fees 1% of the loan amount for salaried individuals
Loan statement charges NIL
Interest & principle statement charges NIL
Secure fee Rs. 4999/-


These loans are designed for the salaried and self-employed and businesses.

Key eligibility criteria revolves around customers being adequately able to repay their borrowing. This reflects on their financial stability in terms of age, earning power, employment, creditworthiness and other such important factors.

Those who satisfy the company’s requirements are offered attractive loan amounts, as low as Rs.30 lakhs and as high as around Rs.15 crores.

Income Criteria for Salaried Professionals:

Cities Minimum property value (Rs.) for Fresh Home Loan Minimum property value (Rs.) for Home Loan Balance Transfer Minimum net salary per month (Rs.)
Delhi, Faridabad, Ghaziabad, Gurgaon, Mumbai, Noida, Thane 50 lakh 30 Lakh 60000
Bangalore, Pune 40 lakh 20 Lakh 45000
Chennai, Hyderabad 30 Lakh 20 Lakh 45000
Ahmedabad, Aurangabad, Baroda, Bhubaneswar, Chandigarh, Cochin, Coimbatore, Indore, Jaipur, Kolkata, Madurai, Mysore, Nagpur, Nasik, Surat, Trivandrum, Vijayawada, Vizag 25 Lakh 15 Lakh 35000

Paperwork required to process these loans depends on the customer-category. Broadly, documentation relates to valid proof of self (identification), income, age, address, employment/source of income, financial soundness in the form of bank/income statements etc. These are required to be submitted along with the duly filled application form with attached photographs.

Why Choose these Home Loans?

Among the many reasons one would opt for these loans are the following:

– Very attractive rates of interest
The company offers very affordable rates that compare favourably with peers of the same product category. Loan rates can be fixed or floating.

– Substantial loan amounts
High loan amounts ranging between Rs.30 lakhs and Rs.10 or 15 crores are offered allowing customers to finance a range of properties.

– Comfortable loan tenures
Long loan tenures ranging up to 20 or 25 years are offered making repayment affordable.

– Flexibility
Loan repayment is easy and structured according to the customer’s quantum and tenure of borrowing.

– Partial Prepayment facility
Part prepayment is allowed to let customers reduce their debt burden when in the money.

– No charges on foreclosure
A cost-efficient proposition allowing customers to close their loans with ease.

– Superior customer service:
Customers receive superior all-round service making the entire loan process quick, seamless and easy.


Will loan amounts and tenures differ between salaried and self-employed applicants?

Yes, caps on loan amounts and loan tenures vary depending on the type of applicant.

Is loan sanction and disbursement the same?

No, the processes are separate for loan sanctioning and disbursement.

When is the processing fee to be paid?

It is to be paid at time of application when submitting a duly filled application form.

How long will the company take to sanction?

Loan sanctioning occurs when the application is received, eligibility criteria is satisfied, required paperwork is processed and due verification is carried out.

Can an application be made jointly?

Co-applicants are allowed when applying for a home loan.

How can EMIs be paid?

EMIs can be paid through ECS/auto debit or post-dated cheques.

Will EMIs remain the same till maturity?
Customers are offered the option of paying higher EMIs to repay their loan faster. If interest rates rise and EMIs are based on floating rates, then EMIs can increase (or vice-versa).

*This article is provided only for consumer information on an as is where is basis and Deal4Loans does not claim or represent to be connected with Bajaj Finance Limited. For further information about any of the products mentioned above please contact Bajaj Finance Limited.

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