BRAND CONNECT
March 28, 2025 / 11:56 IST
Unlocking new financial opportunities
The current financial climate presents a golden opportunity for homeowners. Bajaj Housing Finance offers home loans at interest rates starting from 8.30% during their special March Loan Fest. This limited-time offer creates an excellent opportunity to reconsider your existing home loan arrangements.
This special offer presents several key advantages:
- You can reduce your monthly outflow significantly with lower interest rates
- The Bajaj Housing Finance Loan Fest offers a dual rate structure with fixed EMI for the first three years
- Refinancing now could potentially save lakhs of rupees over your loan tenure
Homeownership remains a cherished dream for many Indians. However, the financial burden of a home loan can sometimes feel overwhelming. The Bajaj Housing Finance Loan Fest brings a timely opportunity to lighten this burden through a home loan balance transfer.
A home loan balance transfer allows you to shift your existing housing loan to Bajaj Housing Finance at more favourable terms. This process can result in substantial savings and improved financial stability. The special March campaign offers exceptional terms that merit serious consideration.
Why consider a home loan balance transfer?
Switching to Bajaj Housing Finance through a home loan balance transfer can transform your financial situation in multiple ways. The economic benefits are substantial and immediate:
- Lower interest rates
- Reduced EMI burden
- Flexible repayment options
- Additional top-up loan
Achieving financial stability with a home loanA well-structured home loan creates a foundation for long-term financial health. Bajaj Housing Finance makes this possible through their thoughtfully designed home loan products.
Their home loan balance transfer option leads to greater financial freedom through several mechanisms. The improved terms reduce financial pressure and create breathing room in your budget.
- Manageable EMIs: With interest rates starting at 8.30% p.a., your EMIs can be as low as Rs 855 per lakh. This affordability makes loan repayment less burdensome on your monthly finances. Lower EMIs free up resources for other essential expenses and investments.
- Extended tenure options: The flexibility to extend your repayment period up to 32 years helps in further reducing the monthly outflow. This creates a comfortable repayment schedule that aligns with your income. The extended tenure gives you breathing room while you build your financial reserves.
- Quick loan approval: Bajaj Housing Finance processes applications within 48 hours*. This rapid turnaround minimises the waiting period and administrative hassles. Quick approval ensures that you can start benefiting from better terms without unnecessary delays.
Transition to Bajaj Finance home loanBajaj Housing Finance Home Loan stands out as an ideal refinancing solution in the current market. Their streamlined process makes switching from your existing lender smooth and hassle-free. The doorstep document pickup service eliminates the need for multiple branch visits.
The home loan balance transfer option from Bajaj Housing Finance combines attractive interest rates with value-added benefits. These include the option for a top-up loan of up to Rs 1 crore without restrictions on usage. This additional funding can address various financial needs without having to apply for separate loans.
Features and benefits of Bajaj Finance home loan
- Attractive interest rates and competitive EMI: Bajaj Finance offers home loan interest rates starting from 8.25% p.a. for salaried customers. This translates to EMIs as low as Rs 741 per lakh borrowed, making repayment significantly more affordable. During the March Loan Fest, customers can benefit from a special dual rate offer with fixed EMI and fixed interest rate for the first three years.
- Flexible tenure and quick approval process: With loan tenures extending up to 32 years, borrowers can structure their repayments to match their financial capabilities. This flexibility ensures that EMIs remain within comfortable limits. The approval process is remarkably swift, with decisions made within 48 hours of application submission. This quick turnaround reduces waiting time and uncertainty.
- No foreclosure fee for floating rate loans: Individual borrowers who opt for floating interest rate loans can foreclose their entire loan amount without paying additional charges. This provides the freedom to clear your debt ahead of schedule when your financial situation improves. The absence of foreclosure fees makes early repayment a viable strategy for reducing interest costs.
| Feature | Benefit |
| Interest rates from 8.25% p.a. | Lower monthly outflow with EMIs as low as Rs 741 per lakh |
| Loan amount up to Rs 15 crore | Sufficient funding for premium properties in prime locations |
| Tenure up to 32 years | Flexibility to structure repayment according to financial capacity |
| 48-hour approval time | Quick processing reduces waiting period and uncertainty |
| No foreclosure fees | Freedom to repay the loan early without penalties |
| Top-up loan up to Rs 1 crore | Additional funds for various needs without usage restrictions |
The home loan balance transfer process at Bajaj Housing Finance is straightforward and user-friendly. Following these simple steps will help you transition to better loan terms with minimal hassle.
- Check eligibility and gather documents. Ensure you meet the age requirement (23-67 years for salaried and 23-70 years for self-employed), have a good CIBIL score (preferably 725 or higher), and collect the necessary paperwork.
- Submit your application for a home loan balance transfer. You can apply online or visit a Bajaj Finance branch. The doorstep document pickup service eliminates the need for multiple branch visits.
- Undergo property valuation and verification. Bajaj Finance will assess the property value to determine the loan amount you qualify for. This step ensures the security of the loan.
- Receive loan sanction and complete documentation. Once approved, you will receive the sanction letter outlining the terms of your new loan. Review and sign the required documents to proceed.
- Enjoy lower EMIs and better terms. After the transfer is complete, you start benefiting from the improved interest rates and other advantageous features of your new home loan.
Eligibility and requirementsTo qualify for a Bajaj Housing Finance Home Loan, you need to meet specific criteria that ensure your ability to repay the loan.
- Nationality: You must be an Indian citizen residing in India.
- Age: Salaried applicants should be between 23 and 67 years, while self-employed professionals should be between 23 and 70 years. The upper age limit is considered at the time of loan maturity.
- CIBIL Score: A score of 725 or higher is ideal for securing favourable terms.
- Employment: You must be a salaried employee, a professional individual, or self-employed. Stable income sources ensure regular repayment capability.
Required documents and application process| Document type | Purpose |
| KYC | To verify your identity and address proof |
| Income proof | Salary slips for salaried or P&L statements for self-employed |
| Bank statements | Last 6 months' statements to assess financial stability |
| Property documents | Legal papers related to the property being financed |
| Existing loan statements | Details of the current loan for balance transfer assessment |
When comparing home loan options, Bajaj Housing Finance stands out on several key parameters that matter to borrowers.
| Feature | Bajaj Housing Finance | Industry Average |
| Interest rate | Starting from 8.25% p.a | Starting from 8.50% p.a |
| Loan amount | Up to Rs 15 crore | Up to Rs 10 crore |
| Tenure | Up to 32 years | Up to 30 years |
| Processing time | 48 hours | 7-14 days |
| Top-up loan | Rs 1 crore | Up to Rs 50 lakhs |
| Approved projects | 5000+ | Variable |
Refinancing your existing home loan to Bajaj Housing Finance at current rates offers substantial financial benefits. The March Loan Fest presents an exceptional opportunity with its dual rate offer featuring fixed EMI and interest rates for the first three years.
By choosing a home loan balance transfer to Bajaj Housing Finance, you can significantly reduce your monthly outflow and create more financial breathing room. The flexible tenure options, quick approval process, and additional benefits like top-up loans make this an attractive proposition for homeowners.
Apply now for your home loan balance transfer with Bajaj Housing Finance and take the first step towards greater financial freedom. The simple application process and doorstep service ensure a smooth transition to better loan terms.
Your journey to financial stability begins with a single decision. Make it count.
Frequently asked questions
- What is a home loan balance transfer? A home loan balance transfer involves shifting your existing housing loan from one lender to another, typically to benefit from better interest rates and terms. Bajaj Finance offers this service with additional benefits like top-up loans.
- How do I qualify for a home loan balance transfer? To qualify, you need a good credit score (preferably 725+), a stable income, and a clean repayment history on your existing home loan. Bajaj Finance evaluates your application based on these factors to determine eligibility.
- Will I save money with a home loan balance transfer? Yes, if the new interest rate is lower than your current rate. A reduction of even 0.5% can result in substantial savings over the loan tenure. Bajaj Finance offers rates starting from 8.30% p.a. for balance transfers.
- What is the processing fee for a home loan balance transfer? Bajaj Finance charges up to 4% of the loan amount as processing fees. However, the March Loan Fest may offer special discounts on these charges, making the transfer more economical.
- Can I get additional funds with my home loan balance transfer? Yes, Bajaj Finance offers a top-up loan of up to Rs 1 crore along with your home loan balance transfer. This additional amount can be used without restrictions for various financial needs.
Moneycontrol Journalists are not involved in creation of this article. 
