Apply for Bajaj Finserv Home Loan @ 7.45% - 18.00% Interest Rates
Bajaj Finserv Home Loan Details
Here are the highlights of Bajaj Finserv Home Loan:
| Loan amount | Rs.15 Crores |
| Rate of interest | 7.45% – 18.00% p.a |
| Tenure | Up to 32 years |
| Lowest EMI possible | Rs. 684 Per Lakh |
| Processing fee | Up to 4 % of the loan amount + GST and other applicable statutory levies |
Bajaj Finserv Home Loan Interest Rates
Bajaj Finserv offers home loan at attractive interest rates, starting from as low as 7.45% – 18.00% p.a. The attractive rate of interest makes your EMIs affordable and allows you to repay your loan conveniently.
| Type of Loan | Home Loan |
|---|---|
| Type of Interest Rate | Floating |
| Interest Rate for Salaried Applicants | 7.45% – 18.00% p.a. |
| Interest Rate for Self-employed Applicants | 7.85% to 18% p.a. |
Bajaj Finserv Home Loan Comparison with Other Lenders
| Lender | Maximum Loan Amount | Maximum Tenure | Interest Rate | Processing Fee |
|---|---|---|---|---|
| Bajaj Finserv Home Loan | Up to 85% of property | 32 years | 7.45% – 18.00% | Up to 0.50% – 4% of the loan amount + GST and other applicable statutory levies |
| HDFC Home Loan | Up to 90% of property cost | 30 years | 7.90% – 9.00% | Up to 0.50% or Rs. 4,500 (whichever is higher) + applicable taxes |
| SBI Home Loan | Up to 90% of property cost | 30 years | 7.50% – 8.45% | Up to 0.35% + applicable GST |
| ICICI Bank Home Loan | Up to 90% of property | 30 years | 7.70% | 0.50% – 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST |
Bajaj Finserv home loan – Fees & Charges
| Processing Charges |
|
| Loan Statement Charges | NIL |
| Principal and Interest Statement Charges | NIL |
| EMI Bounce Charges | Up to Rs. 3000 |
| Foreclosure Charges | Bajaj Finance calculates charges in the following manner |
| On Term Loans | On Outstanding Principal |
| Flexi Term Loan | On Current Drop Line Limit |
| Flexi-Interest-Only Loans | On Sanctioned Limit |
| Penal Interest | 2% per month+ Taxes |
| Secure Fee | One-time fee up to Rs. 4,999 |
Bajaj Finserv Home Loan Eligibility Criteria
Below are the points for Bajaj Finserv Home Loan Eligibility:
- Salaried individuals between 23 and 62 years of age are eligible for Bajaj Finance Home Loan. In case of self-employed individuals, the eligible age group is 25 to 70 years.
- The maximum age limit for Flexi Home Loans is 50 years.
- Salaried employees should have work experience of a minimum of 3 years whereas self-employed persons should be in business/profession for a minimum of 5 years.
- The minimum amount of loan for salaried employees is 10 Lakhs and maximum is 15 Crores. Self-employed professionals can borrow up to 15 Crores
- Minimum salary should be 25,000 in most cities in India. It is 30,000 in the cities of Delhi, Faridabad, Ghaziabad, Gurugram, Mumbai, Navi Mumbai, Noida, and Thane. The minimum property value should be 15 Lakhs.
How to Calculate Bajaj Finserv Home Loan EMI?
You can conveniently Calculate your EMI for Bajaj Finance Home Loan on MyMoneyMantra EMI Calculator. Enter the loan amount, loan tenure, and rate of interest to get your EMI.
Bajaj Finserv Home Loan EMI Calculation
To help you compare home loan EMIs for Bajaj Finserv Home Loan, sharing below EMI Calculation for Rs 10 Lakh to Rs 60 Lakh amount for 10, 20 & 32 years at lowest rate of 7.45% – 18.00% p.a. The EMI will certainly change during the year as the home loan rate resets during the loan period.| Loan Amount | 10 years | 20 years | 32 years |
|---|---|---|---|
| Rs.10 lakh | Rs.11,844 | Rs.8,025 | Rs.6,844 |
| Rs.20 lakh | Rs.23,688 | Rs.16,051 | Rs.13,688 |
| Rs.30 lakh | Rs.35,532 | Rs.24,076 | Rs.20,532 |
| Rs.40 lakh | Rs.47,376 | Rs.32,102 | Rs.27,376 |
| Rs.50 lakh | Rs.59,220 | Rs.40,127 | Rs.34,219 |
| Rs.60 lakh | Rs.71,065 | Rs.48,152 | Rs.41,063 |
Bajaj Finserv Home Loan Documents Required
- Proof of Address : Aadhaar, Voter ID, Passport, Driving License, etc.
- Proof of Identity : Aadhaar, PAN, Passport, Driving License, Voter ID, etc.
- Document for proof of Business, of min. 5 years (for Businessmen/ self-employed individuals)
- Passport Size Photograph
- Bank account statements of the previous 6 months
- Form 16
- Latest 3 Month Salary Slips