Eligibility criteria and documents required

Read on to know the criteria required to apply for our home loan.

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Eligibility criteria and documents required

A salaried professional can apply for our home loan as long as they meet the criteria mentioned below.

Eligibility criteria

  • Nationality: You must be an Indian citizen residing in India.
  • Age: You must be between the age of 23 years to 70 years.
    *The upper age limit is considered as the age at the time of loan maturity.
  • CIBIL Score: A CIBIL Score of 725 or higher is ideal to get a home loan.
  • Employment status: As a salaried applicant, you must be employed with a stable income source from a public or a private company with a minimum of 3 years of work experience.

Documents required:

  • KYC documents (identity and address proof)
  • Proof of income (latest salary slips), and
  • Account statements for the last 6 months

Note: This is an indicative list that may change based on your actual loan application.

More details

As long as you fall within the eligibility age limit and income profile, you can apply for home loan. To qualify for a home loan, a salaried individual should have a CIBIL Score of 725 or above.

Bajaj Finserv provides home loan in most cities in India at affordable interest rates. A white-collared salaried individual can easily apply for a home loan with us after meeting certain prerequisites.

Any salaried individual between the ages of 23 years to 70 years may apply as long as they match the required income profile. A solo applicant must fulfil a minimum net salary requirement of up to Rs. 50,000/- per month. After you provide the essential documents, they will be verified, and your final loan amount will be approved.

Still haven’t found what you are looking for? Click on any of the links at the top of this page.

How to apply for a home loan

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Step-by-step guide to applying for a home loan

  1. Click on the 'APPLY' button on this page.
  2. Enter your full name, mobile number, and pin code, and choose ‘Salaried employee’ as the employment type.
  3. Now select the type of loan you wish to apply for.
  4. Generate and submit your OTP to verify your phone number.
  5. Upon OTP verification, enter additional details like your monthly income, required loan amount, and if you have identified the property.
  6. In the next steps, enter your PAN number and any other details as requested depending on your selected occupation type.
  7. Click on the ‘SUBMIT’ button.

That is it! Your application is submitted. Our representative will connect with you and guide you through the next steps.