Bajaj Housing Finance Limited
Bajaj Housing Finance Limited
Bajaj Housing Finance Limited, or BHFL, is one of the emerging NBFCs in India with over 69 million customers PAN-India. It is a 100% subsidiary of Bajaj Finance Ltd., helping individuals buy their dream homes. Bajaj Finance home loan starts at an interest rate of 7.55% per annum for salaried individuals and 9.10% per annum for self-employed applicants. Bajaj Housing Finance charges a processing fee of up to 7% of the loan amount, along with GST, to process and approve each home loan application. At present, BHFL has the highest credit ratings from CRISIL. Aspiring homebuyers can easily apply for home loans with minimum paperwork from Bajaj Housing Finance Ltd. and can also transfer their existing home loans to BHFL to enjoy lower interest rates and flexible top-up options.
Bajaj Housing Finance Limited
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Bajaj Housing Finance Limited EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Bajaj Housing Finance Limited Key Highlights
Get the lowest interest rates with Bajaj Housing Finance
Loan Amount: Up to 5 crores
Rate of Interest: Starts at 7.55% per annum
Processing Fee: Up to 4%
Maximum Tenure for Repayment: 40 years
Rate Packages: Floater
Charges for Prepayment/Foreclosure: Nil
Bajaj Housing Finance Limited Interest Rates in 2026
Salaried homebuyers can apply for Bajaj housing loans offered at competitive interest rates starting at 7.55% per annum. BHFL offers home loans only on a floater rate package basis to individuals with or without co-applicants.
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Floater Plans (For Salaried) | Starts at 7.55% per annum |
| Floater Plans (For Self Employed) | Starts at 8.50% per annum |
Bajaj Housing Finance Limited Eligibility Criteria
The Bajaj housing loan eligibility criteria comprises minimum parameters such as nationality, age, and work experience of an applicant. Both salaried and self-employed people can apply for home loans from BHFL.The table below enlists Bajaj home loan eligibility criteria for your reference:
For Salaried Individuals
Age Range (in years)
23 - 75 Years
Nationality
Indian Resident
Minimum Income
Rs. 30,000 per month
For Self-Employed Individuals
Age Range (in years)
25 - 70 Years
Nationality
Indian Resident
Minimum Income
Nothing Specific
Bajaj Housing Finance Limited Processing Fee and Charges
It takes time to fulfill the formalities to approve a home loan after a step-by-step procedure. For this processing, the BHFL charges a nominal processing fee. Bajaj Housing finance processing fee is up to 7% of the loan amount + GST. The table below enlists the updated Bajaj Finance home loan processing fees and charges for 2023:
| Charge Type | Amount / Details |
| Processing Fee | Up to 7% of the loan amount + GST |
| Secure Fee | Up to Rs. 9,999 (One-time) |
| EMI Bounce Charges | Up to Rs. 10,000 per instance |
| Penal Interest | 24% per annum + Applicable Interest Rate on the Overdue Amount |
| Foreclosure Charges | Nil |
Bajaj Housing Finance Limited Schemes and Top Plans
Bajaj Housing Finance Ltd. understands the varied needs of aspiring homeowners, and therefore, it offers a wide range of home loan schemes. Listed below are some popular home loan plans offered by BHFL:
- Ideal home loan for those keen to purchase a home
- Quick loan disbursal within 48 hours of submitting documents along with the loan application
- Maximum loan amount up to Rs. 5 crores
- Maximum loan repayment tenure of up to 40 years
- Specially designed home loans for doctors
- Lower interest rate for doctors keen to transfer their existing home loans to BHFL
- Maximum loan repayment tenure of up to 40 years
- Easy way for existing home loan borrowers to transfer their outstanding loan amount to Bajaj Housing Finance
- Additional top-ups available
- Perfect top-up facility for existing borrowers to meet their personal expenses
- Flexible top-up home loans for loan amounts up to Rs. 1 crore
- → Get Home Loan Starting at 8.5%* — CHECK PLANS
* Note: All of the above home loan plans are made available to applicants solely at the discretion of Bajaj Housing Finance, taking into consideration the earning and repayment capacity of the applicant.
Documents Required for Bajaj Housing Finance Limited
Every bank and NBFC asks for a set of documents to check your credibility as a home loan borrower. Bajaj Finance home loan documents required list is shared below for your reference so that you can arrange for the same before applying for a housing loan:
| Proof of Income |
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| Other Required Documents |
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| Proof of Income |
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| Other Required Documents |
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| Identity & Address Proof | Voter ID, Driving License, Aadhaar Card, Copy of Passport, PAN Card |
| Documents Related to Property |
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Apply Home Loan Through BASIC Home Loan
The Bajaj Finance home loan apply procedure is quite simple and can be followed online in the way mentioned below:
Apply Now on the BASIC Website
Proceed to the 'APPLY NOW' section on the BASIC Home Loan website.
Enter Your Details and Submit
Fill in the form by entering your name, contact number, and other required details, and submit the form.
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A BASIC Home Loan team representative will connect with you shortly to assist you through the entire home loan application process.
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