Bajaj Finserv Home Loan

About Bajaj Finserv Home Loan

Bajaj Finance Ltd has changed its name to Bajaj Finserv Ltd. At Bajaj Finance, you also get principal Holiday for the initial tenure. Bajaj home loans are among the best options in the market and there are many reasons behind it. In this article, we have mentioned the housing loan details for you to decide if this is your desired product or not.

Home Loan

Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure

    Almost done, few more details required.

    Bajaj Finserv Hybrid Flexi Loan

    Bajaj Finserv has recently announced a new feature Hybrid Flexi Loan wherein the borrower can start paying the home loan principal after 4 years of the initial tenure. Below are the other benefits that will benefits a home loan borrower from Bajaj Finance.

    • Enjoy the benefit of flexi-interest and flexi-term loan
    • Principal free period of 4 years
    • Repay anytime
    • No reduction on loan amount during the interest-only period
    • No limit and nil charges on the number of part payments or withdrawals
    • Eligible for borrowers below the age of 50 years
    • Applicable to ready to move properties

    Bajaj Finserv Home Loan Interest Rates December 2018

    Type of feeCharges applicable
    Interest Rate8.85% - 11.15%
    Processing fees1% of the loan amount for salaried individuals
    EMI bounce charges₹1000 for every bounce

    Eligibility Criteria

    The eligibility criteria to apply for the balance transfer home loan at Bajaj Finserv is subject to change from one profession to another. So, have a look at the eligibility for each profession:

    For SalariedFor Self-employedFor Businessmen
    You should be an Indian resident.
    You should be between the age of 25-62 years of age.
    You should be a salaried individual with minimum work experience of 3 years or more
    Minimum loan amount is ₹30 lakhs and maximum ₹15 crores.
    You are an Indian resident.
    You are between 28-70 years of age.
    You are a self-employed individual with minimum 5 years of continuity in current business.
    The minimum loan amount is ₹30 lakh and maximum ₹15 crores.
    You are an Indian resident.
    You are between 28-70 years of age.
    You are a self-employed individual with minimum 5 years of continuity in your current business.
    The minimum loan amount is ₹30 lakhs and maximum ₹15 cores.

    Documents Required

    To apply for a home loan balance transfer at Bajaj Finserv, an applicant must carry the following documents:

    For SalariedFor Self-employedFor Businessmen
    Loan application form
    Passport size photos
    Identity proof (Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card)
    Address proof (Passport / Voter's ID card / Driving license / Aadhar card)
    Form 16 /Latest salary slips
    For last 6 months
    Loan application form
    Passport size photos
    Identity proof (Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card)
    Address proof (Passport / Voter's ID card / Driving license / Aadhar card)
    Signature proof
    Date of birth proof
    IT returns & balance sheet & P/L account statement for the last 2 years
    Five years business continuity proof
    Last 6 months bank statements
    Loan application form
    Passport size photos (Partner’s/Director’s)
    Identity proof (Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card)
    Address proof (Passport / Voter's ID card / Driving license / Aadhar card)
    Signature proof
    Certificate of incorporation
    IT returns & balance sheet & P/L account statement for the last 2 years
    Five years business continuity proof
    Last 6 months bank statements
    Partnership deed (for partnership)
    MOA/AOA (for companies)

    Bajaj Finserv Home Loan EMI Calculator December 2018

    Calculate your monthly installments for repayment of your loan. With the help of Bajaj Finserv Home Loan EMI Calculator, you can easily calculate the total amount payable every month, known as Equated Monthly Instalment (EMI) until the loan has been fully repaid. Home Loan EMI includes principal amount along with the interest due on the home loan. The Housing Loan EMI Calculator functions on three main criteria – The loan amount availed, tenure of the loan and the rate of interest being charged by the lender. You have to enter these three criteria in order to know your EMI amount payable every month. Here is an example for your reference.

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 20,00,0008.50%1₹ 1,74,440₹ 93,275₹ 20,93,275
    ₹ 20,00,0008.50%2₹ 90,911₹ 1,81,872₹ 21,81,872
    ₹ 20,00,0008.50%3₹ 63,135₹ 2,72,863₹ 22,72,863
    ₹ 20,00,0008.50%4₹ 49,297₹ 3,66,237₹ 23,66,237
    ₹ 20,00,0008.50%5₹ 41,033₹ 4,61,984₹ 24,61,984
    ₹ 20,00,0008.50%6₹ 35,557₹ 5,60,087₹ 25,60,087
    ₹ 20,00,0008.50%7₹ 31,673₹ 6,60,530₹ 26,60,530
    ₹ 20,00,0008.50%8₹ 28,784₹ 7,63,289₹ 27,63,289
    ₹ 20,00,0008.50%9₹ 26,559₹ 8,68,340₹ 28,68,340
    ₹ 20,00,0008.50%10₹ 24,797₹ 9,75,657₹ 29,75,657
    ₹ 20,00,0008.50%11₹ 23,373₹ 10,85,207₹ 30,85,207
    ₹ 20,00,0008.50%12₹ 22,201₹ 11,96,960₹ 31,96,960
    ₹ 20,00,0008.50%13₹ 21,224₹ 13,10,879₹ 33,10,879
    ₹ 20,00,0008.50%14₹ 20,398₹ 14,26,926₹ 34,26,926
    ₹ 20,00,0008.50%15₹ 19,695₹ 15,45,062₹ 35,45,062
    ₹ 20,00,0008.50%16₹ 19,090₹ 16,65,245₹ 36,65,245
    ₹ 20,00,0008.50%17₹ 18,566₹ 17,87,432₹ 37,87,432
    ₹ 20,00,0008.50%18₹ 18,109₹ 19,11,576₹ 39,11,576
    ₹ 20,00,0008.50%19₹ 17,709₹ 20,37,632₹ 40,37,632
    ₹ 20,00,0008.50%20₹ 17,356₹ 21,65,552₹ 41,65,552

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    YearPrincipalInterestBalance Amount
    1₹ 39,804₹ 1,68,473₹ 19,60,195
    2₹ 43,322₹ 1,64,955₹ 19,16,872
    3₹ 47,152₹ 1,61,125₹ 18,69,720
    4₹ 51,320₹ 1,56,957₹ 18,18,400
    5₹ 55,856₹ 1,52,421₹ 17,62,543
    6₹ 60,793₹ 1,47,484₹ 17,01,750
    7₹ 66,167₹ 1,42,110₹ 16,35,582
    8₹ 72,015₹ 1,36,262₹ 15,63,567
    9₹ 78,381₹ 1,29,896₹ 14,85,185
    10₹ 85,309₹ 1,22,968₹ 13,99,876
    11₹ 92,850₹ 1,15,428₹ 13,07,026
    12₹ 1,01,057₹ 1,07,220₹ 12,05,969
    13₹ 1,09,989₹ 98,288₹ 10,95,979
    14₹ 1,19,711₹ 88,566₹ 9,76,267
    15₹ 1,30,293₹ 77,984₹ 8,45,974
    16₹ 1,41,809₹ 66,468₹ 7,04,164
    17₹ 1,54,344₹ 53,933₹ 5,49,820
    18₹ 1,67,987₹ 40,290₹ 3,81,832
    19₹ 1,82,835₹ 25,442₹ 1,98,997
    20₹ 1,99,119₹ 9281₹ 0

    Bajaj Finserv Home Loan Application Form

    So you have decided Bajaj Finserv for availing your home loan, you need to fill up the home loan application form. There is no need to waste your time in occupying with manual paperwork. Just log in to the website of Bajaj Finserv Home Loan, go to the section of Application Form. Start filling up your details such as your name, gender, date of birth, mobile number, email ID, PAN card,  the city of residence, state, pin code, current employer and latest salary of immediate last two months. Once you fill up all the details, then submit it to the online portal for getting yourself registered.

    In case, you wish to go offline then visit your nearest branch of Bajaj Finserv for getting your loan application form. Fill it and submit it. After your submission, your form will get evaluated for checking your eligibility criteria. Once it is approved, you will be sanctioned with home loan right away.

    Factors Affecting Bajaj Finserv Home Loan Eligibility

    • These loans are targeted for the salaried, self-employed and business class individuals. The core eligibility criteria focus on those customers who have the capacity to repay their borrowing. This indicates on their financial stability in terms of age, earning power, employment, creditworthiness and other such important factors.
    • Those who fulfill the norms of company’s requirements are offered attractive loan amounts, as low as ₹30 lakhs and as high as around ₹15 crores.
    • Bajaj Finserv, India’s most diversified NBFC, is now offering all its salaried customers, one of the lowest interest rates on home loans i.e., 8.35% per annum.

    Benefits of Bajaj Finserv Home Loan

    • Online application process to make process easy
    • Instant approval of the home loan transfer
    • Minimum documentation work
    • Facility for additional Top-up loan at attractive rates
    • No hidden charges
    • No part pre-payment charges
    • Nil foreclosure charges
    • 3 EMI holiday period

    Bajaj Finserv Home Loan Customer Care Number

    Bajaj Finserv has an arm of serving its customers through its best and experienced customer care executives. Get any type of your queries resolved relating to the personal loan. You can call anytime or get in touch with these executives to clarify your queries. Reach them at the phone numbers mentioned below:
    For Durable Finance & EMI card queries call 020 3957 5152
    For all other product queries, call 020 3957 4151
    Call charges as applicable (w.e.f. 2 May 2015)

    Branch Addresses of Bajaj Finserv at Select Locations

    Bajaj Finserv has over 115 branches where you can visit and put forward your queries pertaining to their customer service executive.
    Just walk-in during the following timings:
    Monday to Friday           07:30 AM and 5:00 PM
    Saturday                   10:00 AM and 2:00 PM

    People Also Look For

    Personal Loan Interest Rates December 2018
    Bajaj Finserv10.99% - 16.00%
    Fullerton India14.00% - 33.00%
    HDFC Bank11.25% - 21.50%
    ICICI Bank10.99% - 18.40%
    IndusInd Bank10.99% - 16.00%
    Kotak Bank10.99% - 20.99%
    RBL13.00% - 18.00%
    Standard Chartered Bank12.00% - 17.00%
    Tata Capital10.99% - 18.00%
    Home Loan Interest Rates December 2018
    State Bank of India/SBI8.75% - 9.35%
    HDFC8.80% - 9.70%
    Bank of Baroda8.65% - 9.65%
    LIC Housing8.85% - 9.05%
    PNB Housing Finance9.00% - 13.00%
    ICICI Bank9.10% - 9.35%
    Axis Bank8.85% - 9.10%
    Citibank9.00% - 9.85%
    Indiabulls Housing Finance Limited8.80% - 11.05%
    Kotak Bank8.90% - 8.75%
    DHFL9.05% - 9.95%
    Reliance Home Finance8.75% - 14.00%