Pre-approved offer
You have a pre-approved offer of up to
₹

Home Loan for Self-employed

Interest rates starting 9.10%* p.a. | Loan up to Rs. 15 cr* | Tenure up to 20 years*
Home Loan for Self EmployedHL_Fresh_PDP_image_1
हमारे होम लोन के बारे में सभी आवश्यक जानकारी
 
 
Home Loan for Self EmployedHL_Fresh_PDP_image_2
Home Loan for Self EmployedHL_Fresh_PDP_image_3
Home Loan for Self EmployedHL_Fresh_PDP_image_4
Home Loan for Self EmployedHL_Fresh_PDP_image_5
Home Loan for Self EmployedHL_Fresh_PDP_image_1
Home Loan for Self EmployedHL_Fresh_PDP_image_2
Home Loan for Self EmployedHL_Fresh_PDP_image_3
Home Loan for Self EmployedHL_Fresh_PDP_image_4
Home Loan for Self EmployedHL_Fresh_PDP_image_5

Trusted by 3 lakh+ customers

Home Loan for Self-employed
Interest rates starting 9.10%* p.a. | Loan up to Rs. 15 cr* | Tenure up to 20 years*
/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/homeloan/hl_pdp_featureicon/HL_PDP_01_Quick_Disbursal.png
Approval in 48 hours*

Your loan application will be approved in 48 hours* of submission, and in some cases, even before that.

/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/homeloan/hl_pdp_featureicon/HL_PDP_03_No_Hidden_Charges.png
No hidden charges

Switch your ongoing home loan to us and avail an additional top-up loan of up to ₹1 crore*.

/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/homeloan/hl_pdp_featureicon/HL_PDP_04_NoRestriction.png
No restriction on use of top-up loan

Use the loan amount up to ₹1 crore* to manage medical emergencies, home repairs, and more.

/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/homeloan/hl_pdp_featureicon/HL_PDP_06_ForeClosure.png
Foreclosure facility

For individual borrowers opting for a variable interest rate, there are not additional charges when foreclosing the entire loan amount or making part-prepayment.

/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/homeloan/hl_pdp_featureicon/HL_PDP_05_LowEMI.png
Benefit from low EMIs

Benefit from low interest rates and pay home loan EMIs starting just ₹932/lakh*.

/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/homeloan/hl_pdp_featureicon/HL_PDP_01_Quick_Disbursal.png
Approval in 48 hours*

Your loan application will be approved in 48 hours* of submission, and in some cases, even before that.

/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/homeloan/hl_pdp_featureicon/HL_PDP_03_No_Hidden_Charges.png
No hidden charges

Switch your ongoing home loan to us and avail an additional top-up loan of up to ₹1 crore*.

/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/homeloan/hl_pdp_featureicon/HL_PDP_04_NoRestriction.png
No restriction on use of top-up loan

Use the loan amount up to ₹1 crore* to manage medical emergencies, home repairs, and more.

/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/homeloan/hl_pdp_featureicon/HL_PDP_06_ForeClosure.png
Foreclosure facility

For individual borrowers opting for a variable interest rate, there are not additional charges when foreclosing the entire loan amount or making part-prepayment.

/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/homeloan/hl_pdp_featureicon/HL_PDP_05_LowEMI.png
Benefit from low EMIs

Benefit from low interest rates and pay home loan EMIs starting just ₹932/lakh*.

Home Loan EMI Calculator

Home Loan EMI Calculator

Plan your instalments better

Features and benefits of our home loan

  • Loan of up to Rs. 15 crore*

    Buying a home is a dream come true. Get a sizeable loan of up to Rs. 15 crore* to fulfil your wish.

  • Low interest rates

    Self-employed applicants can avail of a loan with low interest rates starting from 8.70%* p.a.

  • Approval in 48 Hours*

    Your loan application will be approved within 48 Hours* of your application, in some cases, even prior.

  • Tenure of 20 years*

    Pay back your home loan comfortably with our long repayment tenure ranging 20 years*.

  • No foreclosure fee for individuals

    Self-employed borrowers who have opt for a floating rate of interest can prepay a part of their loan or foreclose the entire loan with no additional fee.

  • Hassle-free application

    Our doorstep document pick-up service offers a hassle-less application process and eliminates your branch visits.

  • Balance Transfer

    Make the most of our pocket-friendly interest rates and be eligible for a top-up loan of up to Rs. 1 crore* or higher by using our home loan transfer facility.

  • 5000+ approved projects

    You can avail of a quick loan sanction if you choose from one of our 5,000+ approved projects.

  • Externally benchmarked interest rates

    You can choose to link your interest rate to an external benchmark such as the Repo Rate. This may help you during favourable market trends.

*Terms and conditions apply

Show More
Show Less

Eligibility criteria and documents required

Anyone 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: A self-employed applicant must be between 23 years and 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 self-employed applicant, you should have a business continuity of over 5 years in the current business.

Documents required

  • KYC documents (identity and address proof)
  • Proof of income (P&L statement)
  • Proof of business (for self-employed applicants), and
  • Account statements for the last 6 months

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

How to apply for a home loan

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 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 date of birth, PAN number and 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.

Applicable fees and charges on our home loan

Type of fee

Applicable charges

Rate of interest

9.10%* to 15.00%* p.a.

Processing fees

Up to 4% of the loan amount + GST as applicable

Bounce charges

For loan amounts up to Rs. 15 lakhs: Rs. 500

For loan amounts from Rs. 15,00,001 to Rs. 30,00,000: Rs. 500

For loan amounts from Rs. 30,00,001 to Rs. 50,00,000: Rs. 1,000

For loan amounts from Rs. 50,00,001 to Rs. 1,00,00,000: Rs. 1,000

For loan amounts from Rs. 1,00,00,001 to Rs. 5,00,00,000: Rs. 3,000

For loan amounts from Rs. 5,00,00,001 to Rs. 10,00,00,000: Rs. 3,000

For loan amounts more than Rs. 10 crores: Rs. 10,000.

Penal charge

Click here to know about the penal charges.

Interest and principal statement charges

NIL

Part-prepayment charges

(1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes:

  • For Term Loan – Nil
  • For Flexi Term Loan – Nil

(2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans:

  • For Term Loan – 2% on the part-prepayment amount.
  • Flexi Term Loan - Nil


*GST as applicable will be payable by the borrower in addition to the prepayment charges, if any.

**Nil for home loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution.

Note: In the case of dual-rate home loans (fixed for the initial period and then floating), the foreclosure/part-prepayment charges will be applicable as per the status of the loan as on the foreclosure/part-prepayment date.

Foreclosure charges

(1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes:

  • For Term Loan – Nil
  • For Flexi Term Loan – Nil

(2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans:

  • For Term Loan – 4%* on principal outstanding
  • For Flexi Term Loan – 4%* on the sanctioned amount during the Flexi interest only loan repayment tenure; and 4%* on the available Flexi loan limit during the Flexi Term Loan tenure


*GST as applicable will be payable by the borrower in addition to the prepayment charges, if any.


**Nil for home loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution.


Note: In the case of dual-rate home loans (fixed for the initial period and then floating), the foreclosure/part-prepayment charges will be applicable as per the status of the loan as on the foreclosure/part-prepayment date.

Frequently asked questions

What is a home loan?

A home loan is a credit borrowed from a financial institution to buy a home. The loan is given at an interest rate depending on your profile. While taking the loan, you choose a repayment period to pay back the amount (principal) and interest in equated monthly instalments (EMIs). You can either choose a fixed interest rate or a floating interest rate.

What is the maximum home loan that I can get?

If you meet our eligibility criteria, you can easily get a home loan of up to Rs. 15 crore*. The loan amount depends upon essential factors like age, income profile, and CIBIL Score, amongst others.

Are self-employed professionals eligible for a home loan?

As a self-employed individual, you must be a resident Indian citizen between the age of 23 years to 70 years. In addition, you should have a business continuity of 5+ years in the current business to be eligible for a home loan.

What documents do self-employed professionals require for a home loan application?

As a self-employed individual applying for a fresh home loan with Bajaj Finserv, you must have a few essential documents as listed below

  • KYC documents (identity and address proof)
  • Proof of income (P&L statement)
  • Proof of business existence, and
  • Account statements for the last 6 months
How long does it take for a home loan sanction at Bajaj Finance?

Once you have submitted all the essential documents, the loan amount will be approved within 48 Hours*.

* Terms and conditions apply

Show More Show Less

Watch our videos

Documents required to get a Bajaj Finserv Home Loan
 
 

Documents required to get a Bajaj Finserv Home Loan

Home Loan eligibility criteria for self-employed
 
 

Home Loan eligibility criteria for self-employed

Things you need to know about pre-approved home loan
 
 

Things you need to know about pre-approved home loan

Things you need to know before applying for a Home Loan
 
 

Things you need to know before applying for a Home Loan

You are here

Related links

Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.