A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Bajaj Finserv Home Loan

    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.

    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
    • Online access

    Bajaj Finserv Home Loan Interest Rate:

    Since Bajaj Finserv is not a bank, the Marginal Cost of Funds-Based Lending Rate (MCLR) is not applicable to its loans. The interest rate at which the company offers home loans to salaried individuals currently is 8.50%.

    Bajaj Finserv Offers An Additional Top-up Loan Up To Rs.50 lakh With Home Loan Balance Transfer

    As a move to help customers to take care of financial requirements, Bajaj Finserv is now offering additional top-up loans up to Rs.50 lakh on Bajaj Finserv Home Loan Balance Transfer. Customers can transfer their existing home loan to a more affordable 8.60% interest rate from Bajaj Finserv in order to increase savings during financial crises, as and when required.

    Eligibility

    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.

    Documentation

    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.

    FAQs

    1. 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.

    2. Is loan sanction and disbursement the same?

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

    3. When is the processing fee to be paid?

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

    4. 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.

    5. Can an application be made jointly?

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

    6. How can EMIs be paid?

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

    7. 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 BankBazaar 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.

    Home Loan - Sitemap

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Bajaj Finserv Home Loan Reviews

    • Bajaj Finserv Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I have taken the home loan with the BAJAJ FINSERV where the loan amount given with this bank was good and i have done the balance transfer with this loan. The documentation process was simple and easy to get the loan. The rate of interest given with this bank was good.
      Was this review helpful? 1
      , indore
      Reviewed on Jun 08, 2019
    • Bajaj Finserv
      Bajaj Finserv Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have a home loan with Bajaj Finserv and I feel there was some hidden charges even I tried to transfer the loan to other banks which was not happening properly. When I try calling the customer service, its not easy and the procedure is very long. The interest rate is higher.
      Was this review helpful? 3
      , pune
      Reviewed on Jun 01, 2019
    • Bajaj Finserv Home Loan
      "Duration should be faster"
      0.5 4.0/5 "Great!"
      I took home loan from Bajaj Finserv for the amount of Rs. 45 lakhs it has the tenure period of 10 years. The rate of interest is slightly higher hence they should reduce it. My home loan was approved on time but they sanctioned the amount very delay, I am not happy with that part.
      Was this review helpful? 2
      , chennai
      Reviewed on May 28, 2019
    • Bajaj Finserv Home Loan
      "People who need big amount Bajaj is good"
      0.5 4.0/5 "Great!"
      They were also no clarity on the charges part but I am satisfied with Bajaj Finserv home loan in terms of process. I done the top up around Rs. 33 lakhs for the duration of 12 years. The support was great but the charges are huge for the home loan approval.
      Was this review helpful? 0
      , chennai
      Reviewed on May 04, 2019
    • Bajaj Finserv Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I did balance transfer from one bank to Bajaj finserv for housing loan, the loan amount was sufficient, but rate of interest i felt was less compare to other bank loan, the rate of interest they have charged me up to 8.85% which was nominal, everything is good but i did not like one thing ,like after doing balance transfer i came to know that it is mandatory to pay insurance for premium it use to get lock after paying insurance, i can not do in future balance transfer .
      Was this review helpful? 4
      , hyderabad
      Reviewed on Apr 19, 2019
    • Bajaj Finserv Home Loan
      "Need more improvement in customer service"
      0.5 1.0/5 "Really Bad"
      I faced a great trouble in transferring the loan to Bajaj fin serve . It is one of the worst customer service in recent times . Incorrectly matching other account in my account . 2-3 times my money was debited from my account . They had never responded the customers request .
      Was this review helpful? 2
      , hyderabad
      Reviewed on Apr 08, 2019
    • Bajaj Finserv Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The topup loan has been taken with the BAJAJ FINSERV as i have already taken the housing loan. The rate of interest was 9.85% with this loan and they have given the topup of 11L with this loan. The service is good and the documentation process was smooth to get the housing loan.
      Was this review helpful? 1
      , kakinada
      Reviewed on Apr 05, 2019
    • Bajaj Finserv Home Loan
      "GOOD LOAN"
      0.5 5.0/5 "Blown Away!"
      I have taken the housing loan with the BAJAJ FINSERV and they have offered with eighteen lakhs rupees loan amount with this loan also the rate of interest they offered was 8.97% it was floating latter increased to 9.2%. The documentation process was simple with this loan.
      Was this review helpful? 1
      , kakinada
      Reviewed on Apr 05, 2019
    • Bajaj Finserv Home Loan
      "Faster approval"
      0.5 5.0/5 "Blown Away!"
      I have a home loan with Bajaj Finserv and it was taken 3 years ago. The interest rate is low compared to others. The customer service is up to the mark and very good. There was a processing fee which was minimal.The loan duration is 20 years. The loan process was faster.
      Was this review helpful? 2
      , bangalore
      Reviewed on Apr 05, 2019
    • Bajaj Finserv Home Loan
      "Very good customer service "
      0.5 5.0/5 "Blown Away!"
      Within 72 hours of time , Bajaj fin serve sanctioned my Home loan .I am happy with the Interest rate of 9 % for another 240 months .I have so many loans running at a parallel time . I am worried with the interest rate . I recently transferred my loan into another bank .
      Was this review helpful? 3
      , ahmedabad
      Reviewed on Mar 22, 2019
    • Bajaj Finserv Home Loan
      "They are occupying the market"
      0.5 5.0/5 "Blown Away!"
      I have done a balance transfer from other bank from Bajaj Finserv. The EMI which i was paying earlier with other bank, the current EMIs are very less. I have got the top up also. They have waive off the first 3 EMIs. I got the loan 6 months before. Because of the lower interest rate, they have selected them.Overall, it was smooth process.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Jan 21, 2019
    • Bajaj Finserv Home Loan
      "Bajaj Finance / Fineserv are CHEATERS"
      0.5 0.5/5 "Unacceptable"
      Bajaj Finserv and finance makes false promises and then cheat the customer. They should be punished for doing it. They are terribly horrible. Don't go for any products or loans from Bajaj, they will certainly cheat you in some way and won't care about you once they have collected their fees and start increasing interest. Customer feels helpless and frustrated.
      Was this review helpful? 9
      , pune
      Reviewed on Jan 18, 2019
    • Bajaj Finserv Home Loan
      "DO NOT TAKE HOME LOAN FROM BAJAJ FINSERV."
      0.5 0.5/5 "Unacceptable"
      I had taken a Home Loan (Loan account number 410HSL77716735) from Bajaj Finserv in May 2018. (1) The Sales Manager and his supervisor stopped picking up my call from the day the loan was disbursed (since their job was over). (2) Till date my application for PMAY subsidy has not been made. I have written to the Grievance Redressal Team and even the Customer Experience Head but to no avail. Thus I stand to lose a big amount of money. Please note that they do not have the required process in place to apply for customer's PMAY subsidy. (3) My signatures have been forged in many important documents like the Accepted Sanction Letter. This is a company which does not have process and systems in place for after sales service. The employees are highly unprofessional and the upper management is not responsive. Beware.
      Was this review helpful? 18
      , kolkata
      Reviewed on Jan 09, 2019
    • Bajaj Finserv Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      It was a good experience with this loan where the loan amount which they had provided has been sufficient. The interest rate with them has been nominal and the charges where also been nominal. But the processing fee has been a little high and some insurance amount was also added. I had to follow up with them as well.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jan 07, 2019
    • Bajaj Finserv Home Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      My home loan is with Bajaj Finserv. The customer support and response is good. The rate of interest is of 8.6% and there was a processing fee too. The process of documentation was good and in all there are no hassles. The after loan services are good too.
      Was this review helpful? 4
      , bangalore
      Reviewed on Dec 22, 2018
    • Bajaj Finserv Home Loan
      "Satisfactory and customer friendly"
      0.5 5.0/5 "Blown Away!"
      Bajaj gave 90% of loan with the interest rate of 8.9% but bank offered 8.8% but its fine because bank is offering only 80% of loan. They are friendly in terms of process I didn't done too many documents from me, the property which I bought has a legal issue, then Bajaj person done the verification and went to SRO, I just went to register office to sign. It was best service I ever see its good.
      Was this review helpful? 9
      , hyderabad
      Reviewed on Dec 05, 2018
    • Bajaj Finserv Home Loan
      "False Promise, Third-party agency, Interest increases "
      0.5 0.5/5 "Unacceptable"
      False Promise, Third-party agency, Interest increases every 2 months but it was promised to provide interest guarantee that will not be increased more than 0.25 but not kept the promise and the correspondence are done with third part agencies and no proper action taken and irresponsible from Chennai branch, Dilli Laxman and Team
      Was this review helpful? 26
      , chennai
      Reviewed on Sep 05, 2018
    • Bajaj Finserv Home Loan
      "FRAUD & CHEATED BY BAJAJ FINSERV AND EMPLOYEE"
      0.5 0.5/5 "Unacceptable"
      FRAUD & CHEATED BY BAJAJ FINSERV AND EMPLOYEE. NO RESPONCE FROM THERE END FROM LAST 15 DAYS I AM FOLLOWING WITH THEM. EVEN NO ONE BOTHERED TO RESPONCE THE E-MAIL. CUSTOMER CARD ALSO NOT RESPONDING OR UPDATING ANYTHINGS. SOME SENIOR STAFF IS ENJOYING THERE JOB WITHOUT DOING ANY WORK.
      Was this review helpful? 14
      , thane
      Reviewed on Sep 01, 2018
    • Bajaj Finserv Home Loan
      "Bajaj Finserve"
      0.5 0.5/5 "Unacceptable"
      Hi, With reference to LOAN ACCOUNT 404SHO57169098, i am continuously chasing Bajaj but didn't get response from them %$##*. Issue is- My home loan amount is Rs. 94, 95000 for the tenure of 300 months but my Future Principal Component shows more than 94, 95000 always when i ask they ignore by giving lame excuses. I tried to ask in many ways but these %$#@@%^ never give response what i want, i am also not losing my energy until i expose them. With the hope of positive result, i am writing here now.. Amit
      Was this review helpful? 23
      , bangalore
      Reviewed on Sep 01, 2018
    • Bajaj Finserv Home Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My home loan is with Bajaj Finserv and there are no issues to get the loan. The documentation process is good and there are no hassles. The customer services and response is good and they are responsive. The rate of interest and processing charges is normal.
      Was this review helpful? 6
      , new delhi
      Reviewed on Aug 27, 2018
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.