Bajaj HFL Home Loan Interest Rate

The different Bajaj HFL home loan schemes have varying interest rates. These rates differ with the employment type of the borrower – self-employed or salaried. Learn about some of the current interest rates of Bajaj HFL to easily calculate your EMI and eligibility –

For Salaried and Self-employed Professionals

For Self-employed Non-Professionals

What Other Fees & Charges are Applicable?

Bajaj Housing Finance Limited ensures maximum transparency in their home loan fees and charges. Some of the applicable home loan charges are as follows -

Which Bajaj HFL Home Loan Scheme is Right for You?

Borrowers can choose from various Bajaj HFL home loan schemes depending on their eligibility and purchase needs–

Bajaj HFL Home Construction Loan

• It is ideal for purchasing properties while the house is under construction.

• It is available to both self-employed and salaried individuals.

• Loan amount: Up to Rs. 3.5 crores

Bajaj HFL Joint Home Loans

• Ideal for individuals having limited repayment capacity and income.

• Such individuals can opt for a high-value joint housing loan.

• The co-applicant in such a scheme must be a spouse, parent, son, daughter, or sibling.

• The tax exemptions can be availed of by both the co-owners.

Balance Transfer Home Loans

• It is available to all existing borrowers of home loans.

• The loan is refinanced to a new lender from an existing one for availing of better lending terms.

• Loan Tenure: 20 years

Bajaj HFL Pre-approved Home Loan

• The loan is available to existing customers for simplifying the home loan processing.

• It checks the borrowed credit profile to provide pre-approved loans.

• Borrowers are required to disclose only minimum personal details such as name and contact information.

Bajaj HFL Home Top Up Loan

• Borrowers can avail of Rs. 50 loan amount over their existing housing loans.

• Interest rate: 9.20% to 15.00% for salaried and 9.40% to 15.00% for self-employed.

• It has zero or no end-use restrictions.

Bajaj HFL Home Renovation Loans

• Borrowers can avail of this loan to meet their home renovation expenses.

• It is also available for financing the construction of an existing residential property extension.

What are the factors which affect home loan interest rate and EMI?

The factors which affect home loan interest rate and EMI are as follows- 

1. Type of interest rate i.e. Fixed, Floating or Mixed

2. Benchmark Rate of Landing

3. Loan-to-Value (LTV) Ratio 

4. Location of the property and its current location

5. Tenure of repayment 

6. Financial profile of the applicant

How to Calculate Bajaj HFL Home Loan EMI?

• Visit the Magicbricks home loan EMI calculator site.

• Enter the principal amount of the loan.

• Enter your preferred maximum maturity period.

• Fill in the prevailing interest rate.

• Click on the 'Calculate Your EMI' option.

Bajaj HFL Home Loan Eligibility Criteria

The following criteria will decide whether you are eligible for a Bajaj hfl home loan –

• Type of Resident: Indians only

• Age of the applicants: 25 to 70 years for salaried customers &  25 to 70 years for self employed customers

• Salaried customers should have at least 3 years of work experience whereas for self employed applicants should be working for 5 years in current business.

How to Apply for Bajaj HFL Home Loan?

• Through Magicbricks: Visit the official Magicbricks website. You will find the option of Bajaj hfl home loans. Navigate to the page and apply for a home loan.

• Through Bajaj hfl Portal: Visit the official Bajaj hfl portal and fill in your personal details to generate an OTP. Enter the other required details and pay a minimum security fee to complete the application princess.

• Through a Bajaj hfl branch office: Visit your nearest Bajaj hfl branch to avail of home loans.