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  • Bajaj Housing Finance Limited

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  • Bajaj Housing Finance Limited (BHFL) is a 100% subsidiary of Bajaj Finance Limited. You can get home loans of up to Rs.3.5 crore for a period of up to 20 years at attractive rates starting from 8.60% p.a. with BHFL. The applicable processing fee ranges up to 6% of the loan amount.
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    We found 1 Bajaj Housing Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    8.60% - 8.75% Floating
    Up to 0.50% of loan amount + GST One-time fee
    ₹20L Min
    2-25 years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Eligibility Criteria

    Bajaj Housing Finance Limited Home Loan Interest Rate

    • Loans of up to Rs.3.5 crore
    • Competitive interest rates starting from 8.60% p.a.
    • Minimal documentation required
    • Flexible tenure of 20 years
    Interest Rate for Salaried 8.60% p.a. onwards
    Interest Rate for Self-employed 9.35% p.a. to 11.15% p.a.
    Processing Fee Up to 6% of the loan amount
    Check Eligibility

    Bajaj Housing Finance Limited EMI Calculator

    It’s recommended that you calculate your EMI (Equated Monthly Instalment) and processing fee beforehand to manage finances in a better way. Also, that way you will be able to compare Bajaj Housing Finance Limited with other home financing schemes offered by different financial institutions.

    In order to that, you can use BankBazaar Bajaj Housing Finance Limited EMI Calculator. The entire process is quite simple and hassle-free. All you need to do is enter the relevant details related to your loan. This will include the amount, tenure, interest rate, and processing fee. Hit “calculate” to check the instalment amount and processing fee. This will be followed by an amortisation table giving you a complete breakdown of your payment schedule.

    Bajaj Housing Finance Limited Home Loan Eligibility Criteria

    Age
    • 23 years to 62 years (salaried)
    • 25 years to 70 years (self-employed)
    Work Experience
    • 3 years and above (salaried)
    • 5 years and above (self-employed)
    Nationality Resident Indian
    Type of Employment Salaried or self-employed

    Documents Required

    For salaried
    • KYC documents
    • Identity proof
    • Passport size photograph
    • Address proof
    • Form 16 or latest salary slips
    • Last 6 months’ bank statements
    For self-employed
    • KYC documents
    • Identity proof
    • Passport size photograph
    • Address proof
    • Documents showing business of a minimum of 5 years

    Bajaj Housing Finance Limited FAQs

    1. Can I get subsidy on interest?

      Yes, you can get interest subsidy of up to 6.5% under the Pradhan Mantri Awas Yojana (PMAY) scheme, provided you are eligible.

    2. Can I transfer my existing home loan to Bajaj Housing Finance Limited?

      Yes, the lender offers balance transfer facility that lets you transfer your existing home loan to Bajaj Housing Finance Limited loan account. You can opt for this facility if you find that you are paying more in interest on your loan with the concerned bank or if you are not happy with their services. In such cases you can transfer your loan and make repayments at a lower rate. You can also get a top-up loan on your existing home loan with Bajaj Housing Finance Limited.

    3. I am a salaried employee. How much of financing can I get?

      You can get a maximum of Rs.3.5 crore as home loan with Bajaj Housing Finance Limited.

    4. Is there any insurance policy available for the loan?

      Yes, you can sign up for customised insurance schemes that will protect your family from the burden of repaying the loan during unforeseen events.

    5. What are the prepayment charges on my home loan?

      If you have opted for a floating rate home loan, you don’t have to pay any prepayment charges. However, if you have opted for a fixed rate home loan, you have to pay 2% (plus taxes) as prepayment charge and 4% (plus taxes) as foreclosure charge.

    6. What CIBIL score do I have to maintain to get the loan?

      You should have a CIBIL score of 750 or above to get the loan.

      

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    Bajaj Housing Loan Reviews

    • BAJAJ HOUSING FINANCE LIMITED HOME LOAN Home Loan
      "Very Good Loan service"
      0.5 4.0/5 "Great!"
      Taken my home loan from Bajaj Housing finance because they were ready to provide more amount. I bought the loan amount of Rs. 30 lakhs and they have provided me a interest rate of 8.6% and the processing fee also very low which is 0.5%. I pay the EMI amount of Rs. 26000 for the tenure period of 25 years. Within 15 days, they have sanctioned my loan.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Dec 31, 2019
    • BAJAJ HOUSING FINANCE LIMITED HOME LOAN
      BAJAJ HOUSING FINANCE LIMITED HOME LOAN Home Loan
      "Misleading & dangerous"
      0.5 0.5/5 "Unacceptable"
      Bajaj Housing Finance tries all tricks to loot me - 1. Just before disbursement day, they hiked the Processing fee and increased the interest rate 2. After EMI stated, they suddenly hiked the EMI for one month by 20,000 due to a system issue at their end. 3. They arbitrarily deduct charges from your bank account in small amounts without telling and authorizations and randomly through a month. 4. Customer service and its Head are completely nonchalant and they fake ignorance. 5. It takes 5-6 months to resolve one issue. By that time, they will create another issue and you spend the next 5 months chasing them for its resolution. Beware the NBFCs for housing finance. Its always better to go to the leading banks.
      Was this review helpful? 2
      , kolkata
      Reviewed on Nov 23, 2019
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