A "low interest" loan shouldn't mean you have very little interest in paying it back!

    Compare Home Loan Offers from Top Lenders. Apply Online and Get e-Approved Instantly.

    Bajaj Finserv Home Loan Reviews

    Common Loader Icon

    Bajaj Finserv Home Loan is Rated as "Pretty good" by 13 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service


    rated 3.5/5.0 by 13 users

    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 9.35%.


    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.


    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.


    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.

    Is loan sanction and disbursement the same?

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

    When is the processing fee to be paid?

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

    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.

    Can an application be made jointly?

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

    How can EMIs be paid?

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

    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.

    News About Bajaj Finserv Home Loan

    • Bajaj Finserv targets Rs 2000 crore to give up as a Home loan till 2016

      Bajaj Finserv is all set to disburse the Home loan amount of Rs 2000 crore to the affluent and super affluent class of the society till March, 2016. Bajaj Finserv is considering Self-employed individuals along with the affluent salaried class in its home loan business as per the following numbers. It aims to deliver an average home loan amount of Rs 1.2 crore to 1.3 crore for a self-employed individual and an average Home loan amount of Rs 75 lakhs to Rs 80 lakhs for an affluent salaried individual. To facilitate this venture, Bajaj Finserv is aiming now to open a separate subsidiary for its home loan product to enjoy all the benefits given to the Housing Finance Company. For this purpose Bajaj Finserv has already laid down a seed capital of Rs 10 crores and would fall under the regulation of National housing Bank.

      22nd September 2014

    This Page is BLOCKED as it is using Iframes.