Bajaj Housing Finance is Offering Home Loans With 6.65%* Interest Rate: Here’s How to Apply

If your excitement around the new year is already waning, housing loan lenders are giving you something extra to celebrate. Demand for both home loans and real estate touched a high last year, recording a hike in the festive season of Diwali. In an effort to keep the momentum going, market leaders continue to make festive offerings that make the cost of borrowing affordable. Home loan aspirants have many offers to choose from and should pick one that is best suited to their home buying needs.

Bajaj Housing Finance Limited, known for its competitive offers recently announced a reduction in its home loan interest rates, taking the low interest home loans to a new high. The lender is now extending home loans starting from just 6.65%* p.a. to eligible applicants, as a part of their festive campaign. Apart from this, the lender also allows borrowers to link their home loans to an external benchmark – in this case, the RBI Repo Rate, which lets them benefit from favourable market conditions and possible rate reductions with ease.

The process of applying for a Bajaj Housing Finance Home Loan is incredibly easy and uncomplicated. After meeting the lender’s eligibility criteria, the time spent on approval and fund disbursal is short and speedy. If you’re in the market for a cost-effective home loan, you will want to check out the lender’s eligibility criteria.

The Bajaj Housing Finance Limited Home Loan Eligibility Criteria: Hassle-free & Customer Centric 

The first step any aspiring home loan borrower must take is to see how well they can meet the lender’s home loan eligibility criteria. These parameters act as a guide for the lender as it helps them assess the applicant’s financial capability and repayment strength – minimising chances of bad debts and defaulting. In turn, candidates with a strong profile benefit from exception home loan terms if they meet the criteria adequately.

The home loan eligibility criteria make for an important component of your home loan application process, but one doesn’t have much to worry about – the Bajaj Housing Finance Eligibility Criteria is direct, fuss-free, and easy to meet.

  1. Employment Profile and Tenure 

The lender extends the offer to salaried and professional individuals, so applicants with both types of employment profiles can apply. Salaried employees should have a working tenure of at least 3 years with a public, private sector company or a multinational organization to be able to apply. Professionals such as doctors and CAs too have a 3-year work experience to count, along with a valid Certificate of Practice.

  1. High CIBIL Score 

The lender expects applicants to have a healthy credit profile, with a CIBIL score of 800 and higher, for them to be eligible for the low interest home loans they offer. Your CIBIL score reassures the lender about your repayment capacity and enables them to offer you the most competitive home loan interest and repayment tenor. 

  1. Digital Applications Open 

Interest applicants must apply online through the lender’s official website to be able to avail of the festive home loan interest rate. Bajaj Housing Finance’s Online Home Loan initiative is dedicated to minimising in-person interaction during the home loan application process and towards making the entire journey easy and transparent. To promote the same, the offer is only accessible through online applications.

Those who wish to apply must do so before 26 January 2022 and only loans disbursed by 25 February 2022 are eligible.

Make Use of the Home Loan Calculator during your Application Process 

The Bajaj Housing Finance Low Interest Home Loan offer is available for a limited period of time, and we suggest you don’t waste any time in applying. But if you’re still confused about where to start, the Home Loan Calculator is a good point to begin. This online tool is available to you online, and is free of cost, using this will give you a realistic idea of what kind of repayment schedule will be sustainable in the long run.

All any user has to do is key in the requested data – your income, your monthly expenditure, your desired loan amount and your preferred repayment tenor, and based on this information, the tool computes a repayment plan and a tentative EMI forecast tailored to your finances. And not just that, using the calculator also eliminates chances of errors and miscalculations, giving you an accurate representation of your finances.

Having this plan handy will better equip you to understand your home loan requirement before you approach the lender.

Applying for a Bajaj Housing Finance Home Loan: Steps 

Once you’ve determined your home loan requirements, go ahead, and make your home loan application through the lender’s website. The process is easy and uncomplicated – as is displayed to you through the following steps. 

  1. Visit the lender’s website and fill in your basic details including identity, income, and address details 
  2. Select the desired loan amount tenor 
  3. Check for pre-approved offers tailored for you 
  4. Collect your Digital Sanction Letter 
  5. Upload documents per the instruction of your loan manager

The Bajaj Housing Finance Home Loan journey is easy to follow, and once approved, you will have the loan amount disbursed into your bank account in no more than 48 hours*. Apart from low interest rates, the lender also offers other perks such as a high loan sanction, flexible repayment terms, and 5000+ approved projects to choose from.  


Nishi Singh is a professional journalist and editor in New Delhi. She has studied Mass Communication from National Institute of Mass Communication.