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  • Bajaj Finserv Home Loan

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  • Get home loans of up to Rs.5 crore for a period of 20 years at an interest rate starting from 9.05% p.a. with Bajaj Finserv Home Loan. The applicable processing fee ranges from 0.80% to 1.20% of the loan amount.

    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 9.05% p.a. to 10.30% p.a.

    Bajaj Finserv Home Loan

    Key Highlights
    • Loans of up to Rs.5 crore
    • Competitive interest rates starting from 8.80% p.a.
    • No prepayment charges
    • Flexible tenure of 20 years
    Interest Rate
    • 9.05% p.a. to 10.30% p.a. (salaried)
    • 9.35% p.a. to 11.15% p.a. (self-employed)
    Processing Fee
    • 0.80% (salaried)
    • 1.20% (self-employed)
    Check Eligibility

    Promotional rate of 8.80% p.a. for salaried applicants for loans of up to Rs.30 lakh

    Bajaj Finserv Home Loan 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 Finserv Home Loan with other home financing schemes offered by different financial institutions.

    In order to that, you can use BankBazaar Bajaj Finserv Home Loan 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 Finserv 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 Finserv Housing Finance 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 Finserv?

      Yes, the lender offers balance transfer facility that lets you transfer your existing home loan to Bajaj Finserv 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 on your loan of up to Rs.50 lakh with Bajaj Finserv.

    3. How can I apply for a loan?

      You can do so by following a few simple steps:

      • Step 1: Visit Bajaj Finserv website
      • Step 2: Fill in the loan application form
      • Step 3: Shortly, representatives will get in touch with you
      • Step 4: Pay the online secure fee
      • Step 5: Submit your documents online
    4. I am a salaried employee. How much of financing can I get?

      You can get a maximum of Rs.3.5 crore. Foe self-employed individuals, the maximum loan sanctioned is Rs.5 crore.

    5. 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.

      

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    Bajaj Finserv Home Loan Reviews

    • Bajaj Finserv Home Loan
      "Average Loan service"
      0.5 5.0/5 "Blown Away!"
      There is no proper customer support from Bajaj Finserv. They will give proper guidance till we get the loan. I have asked the top up in my existing loan once i approached the Bajaj Finserv, they have given me a offer with the interest rate of 8.6% hence i have accepted the same. They have sanctioned the loan in 3 weeks. Some EMI got bounced, they sent the collection executive to home before getting the proper explanation to the customer.
      Was this review helpful? 0
      , kochi
      Reviewed on Aug 31, 2019
    • Bajaj Finserv
      Bajaj Finserv Home Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I availed home loan from Bajaj Finserv, right now they gave 8.45% of interest per annum. I took the loan amount of Rs. 35 lakhs its has the duration for 22 years. Earlier I had charges from SBI then I moved to Bajaj Finserv because of the huge interest.
      Was this review helpful? 3
      , kolkata
      Reviewed on Aug 16, 2019
    • Bajaj Finserv Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have selected bajaj finserve home loan 34 lakhs ,Rate of interested 8.85 percentage one time processing fee is detected from principal amount.while document submitted through on line so there is no delay while disbursal loan amount.customer service is good and responsive .
      Was this review helpful? 1
      , coimbatore
      Reviewed on Aug 06, 2019
    • Bajaj Finserv Home Loan
      "Good for people looking for home loan"
      0.5 5.0/5 "Blown Away!"
      I have a good credit card and they didn't look on too many things and its a easy approval loan. They have taken short span of time provided my home loan. I have applied the home loan of Rs. 75 lakhs but i got a approval for Rs. 70 lakhs. The interest rates are nominal and the processing fee on higher side.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 26, 2019
    • Bajaj Finserv Home Loan
      "Wow experience"
      0.5 5.0/5 "Blown Away!"
      Bajaj is charging little bit more on the interest rate part but they are providing excellent service which am very much satisfied. Also they have provided me a EMI card without any cost. The documentation process is easier and very much helpful. There was processing fee for home loan. The loan duration is 15 years.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 23, 2019
    • Bajaj Finserv Home Loan
      "Charges should be reasonable"
      0.5 5.0/5 "Blown Away!"
      My home loan is running Bajaj Finserv, the interest rate is good around 8.90 for per annum its a floating one, the process was very good and quick. I took the loan amount of Rs. 30 lakhs for the duration of 15 years. They do have balance transfer, part payment option. I done the balance transfer from Hdfc limited to Bajaj Finserv. But the cheque bounce charges are more they are taking Rs.3000 per transaction.
      Was this review helpful? 2
      , ghaziabad
      Reviewed on Jul 19, 2019
    • Bajaj Finserv Home Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      Currently have a home loan with Bajaj Finserv because they have provided me a same interest rate for home loan as well as top up loan. It was done recently before 2 to 3 months. The interest rate was 9.3% but its high compared to government bank and still am satisfied.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jun 22, 2019
    • 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 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? 5
      , 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? 1
      , 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? 8
      , 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? 6
      , 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? 12
      , 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? 26
      , kolkata
      Reviewed on Jan 09, 2019
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