Bajaj Finserv Home Loan Details

Here are highlights of Bajaj Finserv Home Loan:

Loan amountUp to 85% of the property cost
Rate of interest6.75% onwards
TenureUp to 20 years
Lowest EMI possibleRs. Per 760 Lakh
Processing feeUp to 1% of the loan amount + GST and other applicable statutory levies

Bajaj Finserv Home Loan Features 

Following are the features of Bajaj Finserv Home Loan:

  • Loan amount: Up to 90% of the property for both salaried as well as self employed borrowers.
  • Bajaj Finserv Home Loan Interest Rates start from 6.75 % per annum
  • Repayment tenure: 3 to 20 years
  • Bajaj Finserv Home Loan Processing Fees is up to 1% of the loan amount.
  • Lowest EMI possible: Rs. 760 Per Lakh
  • Diversified portfolio. Borrow for purchasing a ready to move house/flat, property under construction, buy second-hand houses or apartments or to fund construction of a residential plot.
  • Loans available for repairs, renovations, improvement, and extension of existing homes.

Bajaj Finserv Home Loan Benefits

  • A wide range of home loans starting from 30 Lakhs to 3.50 Crores.
  • Extremely competitive rates of interest; both fixed and floating EMI options.
  • Extended home loan tenure up to 20 years, depending on age and eligibility.
  • Low processing fees & minimal paperwork.
  • No charges on prepayment/part payment or foreclosure of the home loan.
  • Repayment flexibility
  • The NBFC also allows you to transfer your existing home loan from other banks to them.
  • You can expect attractive rates of interest on home loans with reasonable processing fees.
  • You also get flexible repayment options. There is no penalty for pre-payment and foreclosure.
  • Option to add co-applicant for extended loan amount.
  • Bajaj Finserv is also an active player in the Pradhan Mantri Awaas Yojana.
  • Highly customised insurance plans are available too.
  • Loan repayment will entitle income tax benefits.

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 3.50 Crores. Self-employed professionals can borrow up to  5 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.

Bajaj Finserv home loan – Fees & Charges

Processing Charges

 Salaried Persons - Up to 0.80%

 Self-Employed Individuals - Up to 1.20%

Loan Statement Charges 50
Principal and Interest Statement Charges NIL
EMI Bounce Charges 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  9,999

BAJAJ FINSERV Home Loan Schemes

Bajaj Finance offers various kinds of Home Loans depending on the category of borrower, location of the property, and so on. Top products are:

Bajaj Finserv Flexi Hybrid Home Loan

Purpose: Bajaj Flexi Hybrid Home Loan is one of the popular housing products for funding a home purchase. You can use the funds to buy a new or owned house or apartment.

Eligibility for the Flexi Hybrid Home Loan facility:

  • Loans available up to 85% of the project cost.
  • You get the advantage of an extended repayment period up to 20 years.
  • Loan quantum available up to 3.50 Crores.
  • Salaried, self-employed, and business persons can apply for Bajaj Finserv Flexi Hybrid Home Loan.
  • Age of the borrower should not be over 50 years.
  • Properties under construction are not eligible for financing under this product.

Features of Flexi Hybrid Home Loan

  • Bajaj Flexi Hybrid Home Loan offers dual benefit of flexi-interest and flexi-term loan.
  • You can withdraw from the part-payments you make. In short, it is akin to the overdraft loan facility that many banks offer.
  • You pay only the interest during the initial flexi-interest period.
  • There is no restriction on the repayment of principal amount.
  • There are no fees for part payment or even foreclosure of the home loan.
  • You just need to pay nominal maintenance fees at the end of each year to enjoy the benefits of the hybrid flexi loan.

Benefits of the Flexi Hybrid Loan

  • You get a principal holiday period of up to 4 years
  • As you pay the interest alone during this period, you can manage your finances better.
  • You can make part payment and withdraw instantly.
  • There is no limit on the number and amount of part payments you make.
  • As you keep making part payments, the chances of default are minimal.

Bajaj Finserv Home Loan - Normal

  • This is the standard home loan product by Bajaj Finance and you can use funds for construction of houses or buying apartments under construction or new or second-hand homes and flats.
  • The minimum age for applying loan is 25 years, and the maximum age at maturity of the loan should be 70 years. However salaried employees must be between 23 and 62 years of age.
  • The minimum amount of loan for a salaried individual is 10 Lakhs. The maximum quantum of a loan under this product is Rs 3.50 Crores.
  • Self-employed professionals like doctors and CAs hold higher eligibility of 5 Crores.
  • The maximum repayment tenure is 240 months (20 years).

Bajaj Finserv Home Loan Balance Transfer

  • Transfer your existing loan from any bank or HFC to Bajaj Finance to avail the benefit of lower interest.
  • Get extended repayment tenures depending on your age and eligibility.
  • Ensure that the repayment in your existing loan is in order.
  • Salaried individuals get the benefit of 3 EMI holidays.
  • Pre-payment and foreclosure allowed without any penalty.
  • No hidden charges involved.
  • Get the benefit of flexi-hybrid loan (if the borrower is under 50 years of age).

Bajaj Finserve Top-Up facility

  • Customers availing Home Loan Balance Transfer facility are eligible for the Top-Up home loan. Only salaried employees are eligible for the Top-Up facility.
  • The maximum amount of Top-Up available is 50 Lakhs, subject to eligibility norms and availability of adequate security (LTV norms).
  • Use it for a variety of expenses such as medical, education, marriage, and so on.

Get access to Home Loan EMI Calculator

Bajaj Finserv Home Loan Comparison with Other Lenders

LenderMaximum Loan AmountMaximum TenureInterest RateProcessing Fee
Bajaj Finserv Home LoanUp to 85% of property20 years6.75 onwardsUp to 1% of the loan amount + GST and other applicable statutory levies
ICICI Bank Home LoanUp to 90% of property 30 years6.75%-7.55%0.50% - 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST
SBI Home LoanUp to 90% of property cost30 years6.75% - 8.05%Up to 0.50% + applicable GST
Axis Bank Home LoanRs. 5 Crores30 years6.90%-8.40%Up to 1%, minimum Rs.10,000
HDFC Home LoanUp to 90% of property cost30 years6.75%-7.65%Up to 1.50% or Rs. 4,500 (whichever is higher) + applicable taxes

How Much Home Loan Can I Get on My Property (LTV) from Bajaj Finserv?

Bajaj Finance provides home loans in the range of 75% to 85% of the property value. The margin depends on the Home Loan product chosen. The margins are higher in case of a loan against property.

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 Pradhan Mantri Awas Yojana Subsidy 2021

Bajaj Finserv is one of the member lending institutions authorised by the Government to offer Home Loans under the Pradhan Mantri Awas Yojana (PMAY). This program provides the benefit of interest subsidy to the different categories of borrowers. This subsidy is credited upfront to the loan account. This interest subsidy is available on the PMAY - Urban Home Loan Scheme only. As a result, the borrower has a lower interest burden and EMI.

Category of BorrowerIncome CriteriaLoan amount range eligible for the subsidyMaximum interest subsidy
Economically Weaker Section - EWSAnnual Income up to  3 Lakhs 6 Lakhs6.5% subsidy with a maximum of  2.67 Lakhs
Lower Income Group - LIGMore than  3 Lakhs and up to  6 Lakhs 6 Lakhs6.5% subsidy with a maximum of  2.67 Lakhs
Middle Income Group - MIG-IMore than  6 Lakhs and up to  12 Lakhs 9 Lakhs4% subsidy with a maximum of  2.35 Lakhs
Middle Income Group - MIG-IIMore than  12 Lakhs and up to  18 Lakhs 12 Lakhs3% subsidy with a maximum of  2.30 Lakhs

BAJAJ FINSERV Home Loan - Customer Care

  • Download the Bajaj Finance mobile app by sending SMS 'APP' to 9227564444
  • Email Bajaj Finance at
  • For grievance redressal, email at
  • Give a call between 9.30 am to 5.30 pm from Monday to Friday on 020-71177266
  • For escalating requests, email to
  • For all queries, call 020-39575152
  • Corporate Office

4th Floor, Bajaj Finserv Corporate Office

Off Pune-Ahmednagar Road,

Viman Nagar

Pune 411014

Ph No 020-30405060

Fax 020-30405020


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Bajaj Finserv Home Loan FAQs

✅ What is the 3 EMI Holiday in the Bajaj Finserve Home Loan?

Salaried employees get the benefit of the 3 EMI holiday offer when they avail of the Bajaj Finserv Home Loan Balance Transfer and Top-Up Facility. They get a 3-month holiday after which they can commence the repayment. This three-month holiday eases off loan repayment pressure from the customer to a great extent.


✅ Does Bajaj Finserv provide provisional interest certificate for IT purposes?

Yes, Bajaj Finserv provides provisional interest certificate for IT purposes. They provide a breakup of the principal and interest repayment for the complete financial year. Borrowers can use this certificate to claim benefits under the Income Tax Act.


✅ Do I get income tax benefits if I take loans from Bajaj Finserv? What is the tax rebate available on a Home Loan?

Yes, you get income tax concessions under Sec 24 and Sec 80C of the Income Tax Act 1961 for your home loan interest and principal repayments respectively. You get a benefit of up to Rs 200,000 on repayment of interest on home loans under Sec 24. Similarly, you get a concession of up to Rs 150,000 under Sec 80C for repayment of the principal amount. First-time home buyers get additional rebates in income tax.

✅ Does a change in the RBI repo rate affect the EMI?

Bajaj Finserv is not a banking entity. Nevertheless, the RBI rates do affect the PLR of the NBFCs and HFCs as well. The decrease in the repo rates has an indirect effect on the PLR of such financing companies. They gradually reduce the rates to match up with the market trends. Hence, a change in the repo rate affects the PLR of Bajaj Finserv. Automatically, it affects your EMI as well.

✅ How does Bajaj Finserv calculate my home loan EMI?

Your home loan EMI comprises two components, principal and interest. Three factors go into the determination of your EMI: loan amount, rate of interest, and loan tenure.

✅ Does my EMI change with the change in the ROI?

Theoretically, your EMI should change with the change in the ROI. However, Bajaj Finserv prefers to keep the EMI constant and increase/ decrease the loan tenure. If any increase in the tenure is not possible due to various reasons, they increase the EMI.

✅ How do I make the payment of the EMI?

There are two options for paying the EMI. The ECS is a preferred option, however you can also pay by post-dated cheques.

✅ Where can I avail Bajaj Finserv Home Loans?

Bajaj Finserv has an extensive network of branches pan India. So, you can apply online or offline as per your preference. However online application is more convenient and hassle free. You can also apply online for Bajaj Finserv Home Loan through MyMoneyMantra. You can instantly compare different products on a single screen. MyMoneyMantra is an online loans marketplace and helps you make an informed decision after accessing the best home loans based on your income and eligibility factors.