Table of Content
Moreover, some are yes or no criteria, such as your age, whereas some affect the borrowing terms offered to you. For instance, for two persons of the same age, the one with a higher credit score is likely to be able to borrow a higher loan amount. Housing Loan processing fees refer to the main fee charged with every loan application. It is the amount the lender charges to process your application and extend funding. The fee varies from lender to lender and person to person.
The tax deducted at source in respect of the Reward, where applicable, shall be paid by BFL. This Promotion cannot be combined with any other offer/discount/promotion of BFL. "Customer" means an Indian citizen who avails a loan from BFL during the Offer Period. Get 1+1 BookMyShow movie ticket offer every month. I declare that all the particulars and information provided by me are true, correct, complete and up-to-date in all respects and that I have not withheld any information whatsoever.
Home Loan
As per RBI guidelines, no lender is permitted to offer 100% home financing. You need to make a down payment amounting to 10-20% of the property’s purchase price. Typically, you can obtain up to 80% housing loan financing for your property. Check your CIBIL score and try and optimise it, so you can avail of the best possible terms. Make sure you repay your EMIs on time and close any other loans, where possible, to showcase a higher repayment capacity.
Want to purchase an under-construction property and pay only a part of your EMIs to begin with? With us, you benefit from customized repayment options. You can also contact your home loan lender and ask about your home loan application status by providing your application ID/ reference number. Yes, If you want to get a bigger loan, you can take out a home loan in joint names. Family members, such as spouses, parents, siblings, and offspring, can be co-applicants for a joint house loan.
Competitive Interest Rate of 8.60%*
We also offer home loans with interest rates linked to external benchmarks, such as the repo rate. This Promotion is available only in select cities of India and is valid only for Indian citizens. This Promotion is not applicable in places wherever prohibited and / or on gifts / services for which such offers cannot be made available for any reason whatsoever. For avoidance of doubt, this promotion is not applicable in the State of Tamil Nadu. You borrow funds at a predetermined interest rate and agree to pay the sum back, with interest, over a predetermined time frame through equated monthly instalments . To complete your application, you will need to submit supporting documents for the personal, employment, income, and financial information you have mentioned on the form.
Smaller EMIs, you end up paying more in interest over the course of the tenor. On the other hand, if you pick a short tenor, you become debt-free sooner, but your finances may be stretched every month. Ideally, one should pick a tenor between the two, wherein you are able to pay your EMIs easily, but you are not paying too much in interest. When you transfer the balance amount on an existing housing loan to us, you can avail of a sizeable top-up loan for any other financial needs. The eligible Customers shall receive their Reward only upon successful repayment of the first equated monthly instalment on the loan availed under the Promotion by BFL to the Customer.
Home Loan Eligibility Calculator - Check Housing Loan Eligibility | Bajaj Housing Finance
When you apply for a sum beyond your eligibility, you reduce your chances of approval. Check your home loan eligibility and affordability with a home loan EMI calculator. You can check the home loan EMI amount for different loan amounts and tenor combinations to decide which combination works best for your finances. The loan amount one can avail of remains uncapped for eligible applicants with a good credit history and steady income, among other factors.

To ensure a hassle-free experience, we strive for the shortest turnaround times. Our loans are disbursed shortly after verification. This Promotion is a special offer for BFL Customers only and nothing contained herein shall prejudice or affect the terms and conditions of the Customer loan agreements.
Choose a property from our list of 5,000+ approved projects and enjoy the best borrowing terms, along with quick and hassle-free processing. No, it is not mandatory that you take home loan insurance along with your loan. However, you may consider getting an insurance to take care of any liability at a marginal increase in your EMIs. Proceed with the following steps to avail a home loan with ease.
We charge a processing fee starting from 0.25% to 7.00% of the loan amount. Home loan borrowers who are individuals with a floating interest rate can prepay parts of their home loan or foreclose the entire sum without any additional fees or penalty. You can check the status of your housing loan application online by entering your home loan application number/ ID, as well as your mobile number/ contact information. Bajaj Finserv, one of the most diversified NBFCs in India, offers home loans with a lengthy repayment tenor & quick disbursal. Choose your home loan tenor wisely.
You also have the option to link your Home Loan interest rate to an external benchmark, i.e., the Repo Rate, and benefit from reduced payouts during favourable market conditions. Opt for a longer tenor to make your EMIs more affordable over the years. Choose a tenor of up to 30 years and repay comfortably.
When availing of a home loan jointly, you can apply with your parents, spouse, children, or siblings as co-applicants. A few relationships are exceptions here, including married daughters and parents. Salary slips – 3 months , proof of business (self-employed professional, non-professional applicants), etc. It is important to check the Home Loan eligibility criteria, so you can maximize your chances of approval. Our criteria vary on the basis of employment type.