Introducing the Bajaj Housing Finance Limited Home Loan

By BankBazaar | November 6, 2019

Thinking of affordable housing? Look no further as the Bajaj Housing Finance Limited Home Loan is here! Read on to know more!

Are you tired of losing a big chunk of your paycheck to your monthly rent? If a tiny kitchen, bare white walls, and a nosy landlord are driving you insane, it’s time for a change. With Home Loan interest rates on the decline, it’s time to get your own home!

We’re here to tell you why the Bajaj Housing Finance Limited Home Loan is just perfect for you!

BHFL – An Introduction

Bajaj Housing Finance Limited (BHFL) has been incorporated as a housing finance company under the Companies Act, 1956, regulated by the National Housing Bank (NHB). It is a 100% subsidiary of Bajaj Finance Limited, one of the most diversified NBFCs in the country.

The key objective of BHFL is to provide long-term finance to individuals and corporates for the purchase, construction, and renovation of homes, plots of land, and commercial spaces.

BHFL also offers loans against property for businesses or personal needs. In addition, it provides financial backing to builders and developers in the construction industry.

Additional Reading: How To Take A Home Loan Under PMAY (Pradhan Mantri Awas Yojana)

BHFL Home Loan – A Closer Look

BHFL brings you Home Loans of up to Rs. 20 lakhs for a period of up to 25 years at attractive rates starting at just 8.60% p.a. The applicable processing fee ranges from 3% to 6% of the loan amount.

>Interest Rate:

Salaried individuals can enjoy a floating interest rate of 8.60% – 8.75%. The interest rate is in the range of 9.35% – 11.15% for self-employed individuals. 

>Processing fee:

A processing fee of 3% – 6% of the loan amount plus taxes is applicable on the BHFL Home Loan.


Home Loans from BHFL come with a tenure of 2 – 25 years.

>Loan Amount:

You can avail a Home Loan of up to Rs. 20 lakhs depending on your eligibility.

Additional Reading: Are You Well-Seasoned With Home Loan Terminology?

BHFL Home Loan – Eligibility Criteria


  • 23 years to 62 years for salaried professionals
  • 25 years to 70 years for self-employed individuals

>Type of Employment:

Salaried as well as self-employed individuals are eligible to apply for the BHFL Home Loan.

>Work Experience:

  • 3 years and above for salaried professionals
  • 5 years and above for self-employed individuals


Only resident Indian citizens are eligible for the BHFL Home Loan.

Additional Reading: Should You Be Choosing A Home Loan Balance Transfer?

BHFL Home Loan – Documents Required

Salaried professionals are required to provide their KYC documents, identity proof, passport-size photograph, address proof, Form 16 or latest salary slips, and the last 6 months’ bank statements.

For the self-employed, the mandatory documents to be submitted include KYC documents, identity proof, passport-size photograph, address proof, and documents showing that their business has been running for a minimum of 5 years.

Additional Reading: Top 5 Reasons For Home Loan Rejection

BHFL Home Loan – Perks

Here are a few other reasons why you’ll love the BHFL Home Loan!

  1. No guarantor required
  2. No pre-closure or part-payment fee involved
  3. E-approval and balance transfer facilities available

Ready to get one step closer to your own home? Just apply for the Bajaj Housing Finance Limited Home Loan! But before you do so, make sure to use our Loan EMI Calculator to get an idea of your loan EMI.

Interested in other financial products too? We’ve got you covered! Just click below to take a tour of our website and choose from a range of Credit Cards or Personal Loans!

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit for the latest rates/offers.

Leave a Reply

Your email address will not be published.