Bajaj Housing Finance understands that property ownership serves two vital functions: securing a comfortable home and enabling a promising investment. By financing up to 90% of your property’s cost at competitive rates starting at 8.50% p.a., Bajaj Housing Finance provides a reliable, convenient path to homeownership—equally appealing to residents and investors alike.
Bajaj Housing Finance Home Loan Interest Rates by Employment
Bajaj Housing Finance adjusts home loan interest rates based on whether you’re salaried, self-employed, or have a professional practice. Below is a quick look at how your employment type can influence your rate.
Bajaj Housing Finance Home Loan Interest Rates for Salaried Applicants (Floating)
| Loan Type | Effective ROI (p.a.) |
|---|---|
| Home Loan | 8.25%* to 17.00%* |
| Home Loan (Balance Transfer) | 8.30%* to 17.00%* |
| Top-up Loan | 9.10%* to 17.00%* |
Bajaj Housing Finance Home Loan Interest Rates for Self-Employed Applicants (Floating)
| Loan Type | Effective ROI (p.a.) |
|---|---|
| Home Loan | 8.55%* to 17.00%* |
| Home Loan (Balance Transfer) | 8.55%* to 17.00%* |
| Top-up Loan | 9.30%* to 17.00%* |
Check Out: Bajaj Housing Finance Home Loan EMI Calculator
Bajaj Housing Finance All Schemes Home Loan Interest Rates
Bajaj Housing Finance offers multiple home loan schemes, each with its own interest rate structure and features. Here’s an overview of the current rates for various Bajaj Housing Finance schemes.
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Bajaj Housing Finance Home Loan (General Home Purchase Loan) | 8.25% p.a. onwards |
| Bajaj Housing Finance Home Loan Balance Transfer | 8.25% p.a. onwards |
| Bajaj Housing Finance Loan Against Property | 9.40%*p.a. onwards |
Read More: Interest Rate Calculator
All Schemes Offered by Bajaj Housing Finance: A Detailed Overview
Bajaj Housing Finance has a range of home loan schemes catering to diverse needs, from ready-to-move properties to under-construction projects. Read on to find the best fit for your housing requirements.
Bajaj Housing Finance Home Loan (General Home Purchase Loan)
Bajaj Housing Finance offers home loans tailored to make owning your dream home easier. With attractive interest rates starting at 8.50% p.a., loan amounts up to ₹5 Crore* or more, EMIs as low as ₹759/Lakh*, and flexible repayment tenures up to 32 years, it ensures affordability and convenience.
Highlights
| Tenure | 32 years |
| Rate of Interest | 8.25% p.a. onwards |
| Moratorium Period | 36 Months |
Eligibility Criteria
| Age | 21 to 75 years |
| Nationality | Indian/ NRI/ PIO |
| Employment | Minimum 3 years of work experience in a public or private sector company, or an MNC |
Must Read: Find Out How Much You Can Save with a Home Loan Overdraft
Bajaj Housing Finance Home Loan Balance Transfer
Bajaj Housing Finance offers a convenient Home Loan Balance Transfer facility, allowing you to transfer your existing loan to enjoy better interest rates and repayment terms. With interest rates starting as low as 8.50%* p.a. for salaried applicants, you can also avail of top-up loans to fund additional housing-related needs.
Highlights
| Tenure | 32 years |
| Rate of Interest | 8.25% p.a. onwards |
Eligibility Criteria
| Age | 23 and 65 years |
| Nationality | Indian/ NRI/ PIO |
| Employment | Minimum 3 years of work experience in a public or private sector company, or an MNC |
Read More: What is a Home Loan Moratorium?
Bajaj Housing Finance Loan Against Property
Bajaj Housing Finance offers Loans Against Property (LAP), enabling borrowers to unlock funds by leveraging their residential or commercial property as collateral. Perfect for funding business expansion, home renovation, or debt consolidation.
Highlights
| Tenure | 17 years |
| Rate of Interest | 9.40%*p.a. onwards |
Eligibility Criteria
| Age | 23 to 60 years |
| Nationality | Indian/ NRI/ PIO |
| Employment | Minimum 3 years of work experience in a public or private sector company, or an MNC |
| City of residence and property ownership | Delhi, Mumbai, Bengaluru, Ahmedabad, and Pune, among others |
Check Out: Loan Against Property Calculator
How Does Reserve Bank of India (RBI) Repo Rate Impact Home Loan Interest Rates?
The repo rate is the interest rate at which the RBI lends short-term funds to commercial banks. It acts as a benchmark for the economy, influencing liquidity and credit availability. For example, a lower repo rate reduces banks’ borrowing costs, encouraging them to lend more.
Direct Impact on Home Loan Rates
- Rate cuts reduce borrowing costs : When the RBI lowers the repo rate, banks can borrow funds at cheaper rates, potentially reducing home loan interest rates
- Example from 2025 : In February 2025, the RBI reduced the repo rate by 25 basis points to 6.25%, followed by another cut to 6%.These moves aimed to stimulate economic growth by making loans more affordable.
Transmission to Borrowers
- Partial or delayed pass-through : Banks may not immediately pass the full benefit of repo rate cuts to borrowers. For instance, after the February 2025 cut, lenders gradually adjusted home loan rates, with potential EMIs dropping by ₹500–₹1,000 per lakh
- Dependence on bank policies : Banks factor in operational costs, profit margins, and market competition when adjusting rates. For example, SBI and HDFC reduced rates to 8.25–8.5% post-February 2025 cuts, but smaller lenders might lag.
Key Outcomes for Home Loan Borrowers (2025)
- Lower EMIs : A 25-basis-point repo rate cut could reduce monthly EMIs for existing and new borrowers if banks adjust their rates
- Potential sub-8% rates : Analysts suggest home loan rates might dip below 8% in 2025 due to cumulative repo rate reductions, benefiting first-time buyers and refinancers
Inflation and Repo Rate Dynamics
- High inflation : The RBI typically raises the repo rate to curb inflation, increasing home loan costs.
- Low inflation : Falling inflation allows the RBI to cut rates, easing the burden on borrowers.
Suggested Read: When Does Your Home Become a Non Performing Asset?
How to Get Lowest and Best Bajaj Housing Finance Home Loan Interest Rates?
- Aim for a 750+ Credit Score to secure preferential rates.
- Select the Right Bajaj Housing Finance Scheme that matches personal requirements for cost efficiency.
- Leverage Special Concessions offered to government employees, women borrowers, and defense personnel.
- Use the Check-Off Facility for direct salary deductions, which may lower interest rates.
- Make a Higher Down Payment to reduce the principal and potentially get better terms.
- Watch Out for Festive Offers or promotional discounts from Bajaj Housing Finance.
- Keep Income Documents Updated for quicker approvals and more favorable rates.
- Maintain Steady Employment to boost financial credibility and rate eligibility.
- Build a Strong Relationship with Bajaj Housing Finance for possible preferential pricing.
- Always Negotiate to explore discounts on interest rates or processing fees.
Read More: Bajaj Housing Finance Home Loan Eligibility Calculator
Types of Home Loan Interest Rates
| Interest Rate Type | Definition | Pros | Cons |
|---|---|---|---|
| Fixed | Rate remains constant throughout a predetermined period or entire tenure. | – Predictable EMIs for budgeting- Protection against rising interest rates | – Typically, higher rates compared to floating- No benefit if market rates go down |
| Floating (Variable) | Linked to market benchmarks (e.g., Repo Rate, MCLR) and changes over time | – Often cheaper when rates fall- Can partly or fully prepay with lower penalties | – EMIs fluctuate with market conditions- Costs may rise if rates increase |
| Hybrid | Combination of fixed and floating phases. | – Stability in the initial fixed period- Potential cost savings in the variable phase | – Transition from fixed to floating can carry uncertainties |
Suggested Read: All Banks Home Loan Interest Rates 2025
Factors Affecting Bank of India Home-Loan Interest Rate
| Factor | How It Affects the Interest Rate |
|---|---|
| Credit score & repayment history | Higher credit scores & consistent repayments often lead to lower rates |
| Loan amount & tenure | Larger loan amounts or extended tenures can raise rates due to increased risk |
| Type of interest rate (fixed or floating) | Floating rates fluctuate with market changes; fixed rates remain constant but can be higher initially |
| Market & repo rate trends | Rates typically rise or fall in line with the central bank’s policy decisions |
| Employment & income stability | Steady job & robust income can fetch more favorable rates |
| Loan-to-value (LTV) ratio | A lower LTV (larger down payment) signals reduced risk, helping secure lower rates |
| Banking relationship | Good track record or existing relationship with the bank may result in preferential rates |
How are Home Loan Interest Rates Calculated?
Home loan interest rates typically start with a benchmark – for example, the repo-linked lending rate (RLLR) or MCLR. Your bank sets its own spread above this reference to cover operational and credit-related risks. That margin, in turn, depends heavily on your credit score, income stability, loan amount, and the overall risk perceived by the lender.
In addition, economic policies (like changes in the repo rate announced by the central bank) can cause benchmark rates to move up or down, directly influencing what you end up paying over time.
Suggested Read: RLLR vs. MCLR vs. PLR
How to Download Bajaj Housing Finance Home Loan Interest Certificate Online?
Bajaj Housing Finance provides a convenient online platform that allows you to access your home loan statement easily from the comfort of your home. Follow these steps to download your Bajaj Housing Finance Loan Statement:
Time needed: 2 minutes.
Here’s how you can download the Home Loan Statement
- Website Visit
Go to the official website of Bajaj Housing Finance through their online portal.
- Login
Log in to your account by entering your Customer ID, registered email, or mobile number. Use the OTP sent to your device to complete the login process.
- Account Summary
Once logged in, navigate to the dashboard and select the ‘Account Summary‘ option to access and download your Provisional Home Loan Interest Certificate anytime. - Save Option
When the soft copy of your loan statement is downloaded, It is advisable to save it for future reference.
Check Out: Bajaj Housing Finance Customer Care
Will Home Loan Interest Rates Go Down in 2025?
Yes, home loan interest rates in India have already started declining in 2025, following the Reserve Bank of India’s (RBI) decision to cut the repo rate by 25 basis points (bps) on April 9, 2025 .
This reduction, combined with a similar cut in February 2025, brings the cumulative repo rate decrease to 50 bps this year, lowering the rate from 6.25% to 6% .
These cuts directly impact floating-rate home loans linked to the repo rate, which most banks use as their external benchmark.
EMI vs. Tenure Reduction: Which Saves More?
Banks typically shorten the loan tenure while keeping EMIs unchanged during rate cuts. Borrowers can opt for this or request an EMI reduction.
For example, a Rs 50 lakh loan at 8.25% (post-February cut) will now cost 8%, lowering monthly EMIs by Rs 777 (from Rs 42,603 to Rs 41,826).
- Lower EMIs : Immediate cash flow relief (e.g., saving Rs 777/month). Total interest saved over 20 years: ~Rs 1.85 lakh .
- Shorter Tenure : Retaining the original EMI shaves 10 months off the loan term, saving ~Rs 4.36 lakh in interest. Experts recommend this option for 234% higher savings compared to EMI cuts.
Suggested Read: What is Reverse Repo Rate?
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Frequently Asked Questions
Bajaj Housing Finance offers home loan interest rates starting from 8.50% p.a. (varies based on eligibility and loan type).
Bajaj Finance offers Home loan interest rates starting from 8.50% p.a., varying based on the loan type and applicant profile.
Bajaj Finserv offers No Cost EMI on select products, meaning no extra interest is charged, but processing fees may apply.
Maintain a high credit score, opt for a balance transfer to a lower rate, choose a shorter tenure, and negotiate based on a strong repayment history.
Yes, it offers competitive interest rates, flexible repayment options, and reliable customer service, making it a good choice for long-term loans.
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