Bajaj Finserv

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating rate of Interest : 8.50% p.a. to 9.85% p.a.

Eligibility Criteria

  • Minimum 25 years of age and maximum 62 years
  • Loan period from 3 years to 25 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing Fees 0.5% to 1.00% depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about Bajaj Finserv

Bajaj Finserv Ltd. Is one of the India’s most diversified and leading finance companies offering many typer of loans. Bajaj Finserv is a part of the well-known Bajaj Holdings and specializes in Lending, asset management, wealth management and insurance among a range of other services offered. Among its product offerings are the company’s categories, promising very affordable interest rates along with a number of other attractive features.

Your Eligibility depends on following


You should be minimum 25 years old

You should be maximum 62 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Make your spouse as co applicant , her/his income will also be added in eligibility
Choose longer tenure of loan period maximum up to 25 years
Add more than one co applicant if required to enhance your eligibility
Close short term loans, this will also increase your eligibility

Rate of Interest and Other Charges for Home Loan are following

Home Loan Rate Of Interest:

Sno.

Loan Type

Rate Of Interest

1

Bajaj Finserv

8.50% - 9.85% p.a.(Floating)

Existing Loan take over or New Loan

Among the many reasons one would opt for these loans are the following:

  • Very attractive rates of interest
  • Substantial loan amounts
  • Comfortable loan tenures.
  • Partial Prepayment facility
  • No charges on foreclosure
  • Superior customer service:

Features of Loan

Bajaj Finance Home Loan Features:

  • You can avail a minimum loan amount of Rs. 5 lakh and a maximum of Rs. 15 crores depending on your employment status and other factors.
  • The maximum tenure is 25 years for salaried employees and 20 years for self-employed individuals.
  • You have the option to transfer your existing home loan with another financial provider to Bajaj Finserv
  • With Bajaj Home loan, you can avail numerous advantages like online application process, instant online approval and minimal documentation.
  • You can choose to prepay the loan amount. Keep in mind that the prepayment transaction should not be less than the total amount of 3 EMIs. Additionally, there is no limit on the maximum amount.
  • Enjoy Zero foreclosure charges. You can choose to foreclose your Home Loan anytime during your loan tenure.
  • Enjoy a three-month grace period in paying your EMIs after availing the loan.
  • You can view all your loan details and view your transaction history.
  • Avail attractive interest rate when you go for a home loan with Bajaj.

Documents Required for applying  Home Loan  with Bajaj Finserv

  • Signed application form with photograph
  • Pan Card for all applicant and co applicants
  • ID proof and residence proof for all applicant and co applicant
  • ITRs with computation for latest 3 years
  • Copies of Sanction letter/ Statement of account of all existing loans
  • Other Documents required for Salaried person
    1. Salary Slip for last 6 months
    2. Bank Statement for last 6 Months
    3. Form 16 for last 2 years
    4. Relationship proof with co applicant
  • Other Documents required for Self Employed – Proprietorship
    1. Business profile
    2. CA certified profit and loss account along with balance sheet for last 3 years
    3. Business registration certificate
    4. Office address proof
    5. Bank Statement for last 12 months
    6. Relationship proof with co applicant
  • Other Documents required for Self Employed – Partnership Firm
    1. Business profile
    2. CA certified profit and loss account along with balance sheet for last 3 years
    3. Partnership deed
    4. Office address proof
    5. Business registration certificate
    6. Bank Statement for last 12 months
  • Other Documents required for Company
    1. Business profile
    2. CA certified profit and loss account along with balance sheet for last 3 years
    3. MOA/AOA/COI
    4. Office address proof
    5. Business registration certificate
    6. Bank Statement for last 12 months
  • Additional Documents required for Balance Transfer case
    1. Statement of account of existing loan
    2. List of Documents given to existing bank
    3. Foreclosure letter
  • Property papers
    1. Complete chain of property papers along with sanctioned plan