Bajaj Finance Home Loan Interest Rate – Complete Guide & EMI Tips

Key Takeaways 

• Bajaj Finance home loan interest rates begin at around 7.40% per annum for salaried borrowers and 7.85% per annum for self-employed individuals, based on credit score, income, and loan structure. These rates remain competitive when compared with other leading lenders for eligible customers.
   
• The lender offers multiple home loan options, including regular home loans, balance transfer, top-up loans, dual-rate loans, and NRI home loans, with repayment tenures going up to 32 years, which helps keep monthly EMIs manageable. These housing loan products are different from the Bajaj Finance rate of interest on personal loans, which applies to unsecured loans.
   
• Processing charges can go up to 4% of the loan amount plus GST, while no foreclosure charges apply on floating-rate home loans for individual borrowers, as per Bajaj Finance’s stated policy.

“Home loan lene ka matlab sirf loan lena nahi hota. Interest rate yeh decide karta hai ki aap agle 20 saal tak kitna extra pay karoge.”

A home loan interest rate is the cost I pay every year for borrowing money to buy a house. Bajaj Housing Finance offers competitive floating interest rates starting from 7.40% per annum for salaried borrowers. The home loan interest rate begins at 7.85% per annum based on credit profile and loan category for self-employed borrowers. 

These rates are often compared with SBI home loan interest rates by borrowers evaluating public and private options. This difference in rates directly impacts monthly EMI and total interest paid over time. Even a small change in rate can save or cost lakhs across long tenures. 

For example, if a ₹20,00,000 home loan is taken at 7.40% per annum, the EMI is calculated based on tenure using the official Bajaj Finance home loan interest rate calculator available on the Bajaj Housing Finance website.

Read More – Tata Capital Home Loan Interest Rate

Types of Home Loans Offered by Bajaj Finance

These are the official home loan categories with features and interest ranges as offered by Bajaj Housing Finance:
 

Each loan type serves specific needs, whether buying, refinancing, or drawing extra funds. These products are different from personal finance offerings governed by the Bajaj Finance rate of interest on personal loan, which follows a separate pricing structure.

Bonus Tip: Bajaj Housing Finance recently launched a limited-period offer that gives complimentary wellness benefits worth over ₹35,000 to eligible home loan borrowers, making the overall loan experience more rewarding beyond just competitive interest rates. 

Bajaj Finance Home Loan Processing Fees & Charges

Bajaj Housing Finance charges a processing fee of up to 4% of the loan amount + GST on home loans. This one-time fee covers loan evaluation and documentation.

These clearly defined processing fees and repayment-related charges help borrowers assess the total cost of the home loan in advance, and support informed financial planning before loan acceptance.

How to Apply for a Bajaj Finance Home Loan?

Bajaj Finance provides an online home loan application facility where applicants can submit details, upload documents, and complete verification without mandatory branch visits.

1. Visit the official Bajaj Housing Finance home loan page.
2. Click on “Apply Now” and enter the required mobile number and basic personal details.
3. Select the appropriate loan type, such as a home loan or balance transfer.
4. Enter the required loan amount along with the preferred repayment tenure.
5. Upload the necessary documents, including identity proof, income proof, and property details.
6. Verify the application using the OTP sent to the registered mobile number.
7. Bajaj Finance carries out eligibility checks and credit assessment based on submitted details.
8. Loan disbursement may take place within 48 hours after approval, subject to completion of documentation.

This step-by-step approach ensures transparency, allows applicants to track progress easily, and reduces uncertainty during the loan application process.

Conclusion 

Bajaj Finance clearly discloses all major home loan fees and charges on its official website, including processing fees and foreclosure rules. This transparency helps borrowers understand the total cost of the loan in advance and reduces the risk of unexpected financial burden during the repayment period.

FAQs Related to Bajaj Finance Home Loan Interest Rates 

Where can I get support for Bajaj Finance home loan queries?

Borrowers can contact Bajaj Housing Finance customer support for any queries related to Bajaj Finance home loan interest rates, application status, processing fees, documentation requirements, prepayment rules, or loan servicing. Assistance is available through the Bajaj Finance home loan interest rate contact number 022-45297300 or via email at bhflwecare@bajajhousing.co.in, as listed on the Bajaj Finance home loan support page.

What are the benefits, interest rate, and EMI structure of a home loan from Bajaj Finance?

Bajaj Finance home loans offer competitive interest rates starting from around 7.40% per annum, long repayment tenure up to 32 years, and flexible funding options. EMIs are calculated on a reducing balance method, where the EMI remains stable while the interest portion decreases over time.

Also Read – Muthoot Finance Home Loan Interest Rate

What are some tips to get a good interest rate on a home loan from Bajaj Finance (BFC)?

Maintain a strong credit score, stable income, and lower existing liabilities, and opt for a floating rate loan to help secure a better interest rate. Choose a shorter tenure or negotiate during a balance transfer to improve rate eligibility.

Is Bajaj Finance a reliable option for a home loan when higher funding is required?

Yes. Bajaj Finance home loans are secured loans and are regulated. Floating rate home loans have no foreclosure charges for individuals, and borrowers can transfer the loan later if required, making it a flexible option.

Is a reduction in the Bajaj Finance home loan interest rate from 8.35% to 8.00% reasonable?

Yes. A 35 basis point reduction is meaningful and lowers overall interest cost. Bajaj Finance home loans are linked to an internal floating rate (FRR), not directly to the repo rate, so negotiated reductions are common and acceptable.