Bajaj Housing Finance

Note: Rates as of 31st January 2023

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Bajaj Housing Finance Home Loan Interest Rates

For Salaried and Self-employed Professionals

HL Fresh Purchase Transaction (Only direct builder purchase)

For Loan Amount of up to Rs 45 lakh

For Loan Amount of Rs 45.01 lakh-Rs 75 lakh

For Loan Amount of Rs 75.01 lakh-150 lakh

For Loan Amount above Rs 150 lakh

Note:

• Repo Rate Sourcing: ROI will be additional 10 bps on above pricing grid.
• For sourcing in SENP cases, incremental 40 bps has to be added in above grid.
• FOIR to be calculated @8.9 % rate or offered rate, whichever is higher.

HL Resale Transaction

For Loan Amount of up to Rs 45 lakh

For Loan Amount of Rs 45.01 lakh-Rs 75 lakh

For Loan Amount of Rs 75.01 lakh-150 lakh

For Loan Amount above Rs 150 lakh

Note:

• Repo Rate Sourcing: ROI will be additional 10 bps on above pricing grid.
• FOIR to be calculated @8.9 % rate or offered rate, whichever is higher.

HLBT Underwriting Transaction

For Loan Amount of up to Rs 30 lakh

For Loan Amount of Rs 30.01 lakh-Rs 50 lakh

For Loan Amount of Rs 50.01 lakh-100 lakh

For Loan Amount above Rs 100 lakh

Note:

• Repo Rate Sourcing: ROI will be additional 10 bps on above pricing grid.
• FOIR to be calculated @8.90% rate or offered rate, whichever is higher.
• For NTS & negative banks, HL rate would be 10 bps to be higher than above grid.

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HL Top up

For Loan Amount of up to Rs 30 lakh

For Loan Amount of Rs 30.01 lakh-Rs 50 lakh

For Loan Amount of Rs 50.01 lakh-100 lakh

For Loan Amount above Rs 100 lakh

Note:

• Repo Rate Sourcing: ROI will be additional 10bps on above pricing grid.
• HL rate to be offered for <10% top up amount of total loan.
• BT bank top up rate to be offered at HL rate.
• BHFL top-up above grid is applicable for >10% top-up amount of total loan.
• For NTS & Negative banks, top up rate would be 15 bps to be higher than above grid.
• For dropline flexi, 1.00% upfront fees & 0.25% AMC is mandatory.

HLBT Pre-approved Transaction

For Loan Amount of up to Rs 30 lakh

For Loan Amount of Rs 30.01 lakh-Rs 50 lakh

For Loan Amount of Rs 50.01 lakh-100 lakh

For Loan Amount above Rs 100 lakh

Note:

1)    Repo Rate Sourcing: ROI will be additional 10 bps on above pricing grid.

2)   Top up rate has to be min. 40 bps higher than above rate subject to min. of 9.75%

3)   FOIR to be calculated @9.25% rate or offered rate, whichever is higher.

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Compare Bajaj Housing Home Loan Interest Rates with Other Lenders

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Bajaj Housing Finance Home Loan Processing Fees & Other Charges

Also know home loan processing fees charged by other home loan lenders

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Types of Bajaj Housing Finance Home Loan

Home Construction Loan

Home construction loan is a regular home loan scheme with quick disbursal for construction of house on a vacant plot

Loan for Land Purchase

Plot Loans are offered for plot purchase for construction purposes

Loan for Advocates & Private/Government/Bank employees

Home loan for various professionals including lawyers, employees of private sector, government sector, bank employees, etc.

Joint Home Loan

For making home loans more affordable by applying with a co-borrower including parent, sibling, spouse.

Women’s Home Loan

Home loan for Women are special home loans offered to females, so that they can be independent home owners and build assets easily

Apply for Bajaj Housing Finance Home Loan at Attractive Interest Rates Click Here

Pre-approved Home Loan

Home loan to select customers with faster loan disbursal

Home Loan Balance Transfer

Home loan balance transfer is offered to existing home loan borrowers of other banks/HFCs for transferring their existing home loans to Bajaj Housing at lower interest rates

Top-up Loan

Home loan top-up is the additional loan amount on existing home loan to meet the personal expenses like wedding, medical treatment, education, etc

Bajaj Housing Finance Home Loan Eligibility Criteria

For Salaried

• Should be a resident of India
• Should be between 23 and 62 years of age
• Should have a work experience of 3 years or more
• The eligible net salary and property value are given in the table below:

For Self Employed

• Should be an Indian resident
• Should be between 25-70 years of age
• Should have at least 5 years of continuity in the current business

For Home Loan Balance Transfer Facility

• Property of the applicant must be ready to occupy or already occupied
• The applicant must have paid more than 12 EMIs
• The applicant should not have any outstanding dues on his/her existing home loan

Bajaj Housing Finance may also consider the credit score of its applicants, just like other lenders do while evaluating the home loan eligibility of their applicants.

Check your Eligibility for Bajaj Housing Finance Home Loan Click Here

Documents Required for Bajaj Housing Finance Home Loan

• Proof of Address (Aadhaar, Voter ID, Passport, Driving License, etc.)
• Proof of Identity (Aadhaar, PAN, Passport, Driving License, Voter ID, etc.)
• Photograph
• Form 16 or latest salary slips
• Bank account statements of the previous 6 months
• Document for proof of Business, of min. 5 years (for Businessmen/ self-employed individuals)

Also know the documents required by home loan lenders

Apply for Bajaj Housing Finance Home Loan at Attractive Interest Rates Click Here

Bajaj Housing Finance Home Loan EMI Calculator

Apply for Bajaj Housing Finance Home Loan at Attractive Interest Rates Click Here

FAQs

1. What is the turnaround time for the disbursal of Bajaj Housing Finance Home Loans?
Ans. The home loans at Bajaj Housing Finance are disbursed within 48 hours of the completion of home loan approval process.

2. Is it mandatory to have a co-applicant while applying for home loan at Bajaj Housing Finance? If yes, who can be the co-applicant?
Ans. It is not mandatory to have a co-applicant while applying for home loan at Bajaj Housing Finance. The co-owners of the property can be the co-applicant. If there is no co-owner of the property, any immediate family member can be the co-applicant.

3. Can I choose between fixed and floating rates of interest?
Ans. Bajaj Housing Finance offers home loans at floating rates only.

4. Can I foreclose my home loan availed from Bajaj Housing Finance?
Ans. Yes, you can foreclose your home loan without paying any prepayment charges.

5. Why is it beneficial to calculate your home loan EMI beforehand?

Ans. Calculating the home loan EMI would help the home loan applicants to know their home loan EMI commitment and thereby, plan their finances accordingly.  Morevoer, banks and HFCs usually prefer to lend to home loan applicants having their total EMIs including the EMI of the proposed home loan to be within 50-60% of their monthly income. Thus, using home loan EMI calculator would allow an applicant to opt for a home loan tenure that contains his total EMIs within the aforementioned limit and thereby, increase his chances of home loan approval.

6. What is the minimum credit score required to avail home loan from Bajaj Housing Finance?
Ans. The applicants with credit scores of 750 and above can avail home loans from Bajaj Housing Finance.