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

    • Bajaj Finserv Home Loan
      0.5 4.0/5 "Great!"
      I appreciate the services and approach of Bajaj Finserv for the home loan. They were very attentive and also very flexible and negotiable on the processing charges. The information was clear and there were no other charges taken. They came in terms as per my requirement, it clearly showed that they value a customer.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Mar 04, 2017
    • Bajaj Finserv Home Loan
      "Pathetic experience "
      0.5 0.5/5 "Unacceptable"
      To reduce the rates for the home loan they are charging me switch fee which is almost 9000. I dont know why should I pay them switch fee. If RBI has reduced the rates they should reduce it as well. They just want to buy time to process the request and dont want to reduce the rates. And on top of that extra money to reduce the rates. Never go with Bajaj FinServ.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Feb 21, 2017
    • Bajaj Finserv Home Loan
      0.5 4.0/5 "Great!"
      Bajaj Finserv gave the opportunity to close the mortgage loan and the previous home loan. The process was little delay but it completed smoothly. Interest rate offered for the home loan is nearly 10% . Paper works are less. The processing fee was 2% on the loan amount.
      Was this review helpful? 2
      , chennai
      Reviewed on Mar 08, 2016
    • Bajaj Finserv Home Loan
      "Good option..."
      0.5 4.0/5 "Great!"
      Bajaj Finserv has offered the better rate of interest for the home loan and I did balance transfer. Overall the whole process took a way long period and that is the only issue that I had faced. Customer service is satisfactory. Processing charge is high.
      Was this review helpful? 4
      , pune
      Reviewed on Feb 25, 2016
    • Bajaj Finserv Home Loan
      0.5 4.5/5 "Excellent!"
      Bajaj Finserv has offered the home loan with least processing charge and sanction loan amount is high. Over draft facility is there in Bajaj for their clients. Interest rate is average amongst the industry. They are flexible with their customers.
      Was this review helpful? 4
      , ghaziabad
      Reviewed on Dec 09, 2015
    • Bajaj Finserv Home Loan
      "Bit complicated"
      0.5 3.0/5 "Satisfactory"
      Bajaj finserve housing loan is the good. The only thing is the turn around time is not that good. They have offered the loan before 6 months. Interest rate is good iss competitive. There was some difficulties the legal papers were quite difficult and some how I managed it.
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 23, 2015
    • Bajaj Finserv Home Loan
      0.5 4.5/5 "Excellent!"
      My home loan was disbursed by Bajaj Finserv within 20 days with the rate of interest 9.75% and the processing fee was same comparing with other banks.The required documents were mentioned on the website it self so the process went on smoothly.
      Was this review helpful? 5
      , pune
      Reviewed on Sep 04, 2015
    • Bajaj Finserv Home Loan
      "Don't go for this loan if you have an option"
      0.5 0.5/5 "Unacceptable"
      Interest rate will be very different from what they advertise and will be very higher compared with other banks. The advertised rate will be only for couple of months.Their customer portal is worst and has no information of use. Their feedback mechanism is worst. No one follows up after the loan. Although no hidden charges they insist to sign for Bajaj home insurance policy along with the loan before disbursal.
      Was this review helpful? 12
      , bangalore
      Reviewed on May 22, 2015
    • Bajaj Finserv Home Loan
      "Poor Support and worst customer handling"
      0.5 0.5/5 "Unacceptable"
      Hi, Don't believe this financial institute. moreover this is not a normal one... third party daily interest local shop ...while foreclose the loan they will not have any policy which will take 30days to provide the documents. even if your have any technical fault or problem on their system side... will inform you to pay the additional interest charges even though your other bank cheque passed to their account. So please don't believe and trust bajaj as it will spoil your life.
      Was this review helpful? 13
      , chennai
      Reviewed on Apr 09, 2015
    • Bajaj Finserv Home Loan
      "Stick to the commitments!!"
      0.5 2.0/5 "Expected more"
      It was a balance transfer home loan I took it from Bajaj Finserv. Initially, they had committed that they would offer top up however finally after the disbursal, they haven't credited. Other than that, everything is fine.
      Was this review helpful? 6
      , chennai
      Reviewed on Feb 05, 2015
    • Bajaj Finserv Home Loan
      0.5 4.0/5 "Great!"
      For home loan, Bajaj Finserv offers higher interest rate which needs to be considered. Even they offer part payment option with 0% charges which is quite helpful for me. Even initial processing and disbursal was fine. Since I did get at the right time, I did get home loan.
      Was this review helpful? 6
      , bangalore
      Reviewed on Jan 04, 2015
    • Bajaj Finserv Home Loan
      "Its good"
      0.5 3.0/5 "Satisfactory"
      Bajaj Finserve housing loan is good. There is a lot of hidden cost. Where they would be charging some additional cost even when the demand draft is in transit. In other words, interest would be charged right from the date when the demand draft is dispatched. There is no charges for online payment and the payment gets reflected instantly.
      Was this review helpful? 5
      , bangalore
      Reviewed on Dec 17, 2014
    • Bajaj Finserv Home Loan
      "Good customer service"
      0.5 5.0/5 "Blown Away!"
      Customer service was very fast and quick response.Within 3 days documentation policy within a day for my home loan . Interest rates are also for all bank 10.24% in Bajaj Finserv . Only one suggestion little bit miscommunication between mail and phone . Otherwise it was okay .
      Was this review helpful? 6
      , bangalore
      Reviewed on Aug 11, 2014
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    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 8.50%.


    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

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