• Banking / Finance

Bajaj Housing Finance extends home loan tenor to 40 years; offers industry’s lowest EMIs

• Prashant Kapadia
• June 13, 2023

by Prashant Kapadia/NHN 

In an industry first, Bajaj Housing Finance has extended the maximum tenor for home loans to 40 years from 30 years 

Offers among the industry’s lowest EMIs at 733/lakh, enhancing convenience for customers

Mumbai/Pune, June 13, 2023: Bajaj Housing Finance, a subsidiary of Bajaj Finance and part of Bajaj Finserv, one of India’s leading and diversified financial services groups, today said it has extended its maximum home loan tenor to 40 years from 30 years for salaried applicants who are new home buyers.

The industry-first initiative enables homebuyers to opt for a flexible repayment tenor that is most convenient to them. With the change in the tenor, Bajaj Housing Finance now offers among the most competitive home loans in the market, with one of the lowest EMIs – starting at just Rs. 733/Lakh*. The move is in line with Bajaj Housing Finance’s focus on customer centricity and enabling millions to access home finance in a simple and convenient manner.

Bajaj Housing Finance’s revised tenor capping is subject to the applicant’s age at the time of application. The eligibility criterion for age with Bajaj Housing Finance is 23 to 75 years – with 75 years as the upper limit for age at the time of loan maturity.

Bajaj Housing Finance Home Loans start at only 8.50%* p.a. for salaried individuals and professionals – with prospective borrowers enjoying the option to link their interest rate with an external benchmark, i.e., the repo rate. Interested applicants can apply online or by walking into any of the Lender’s branches. Alternatively, they can call on 020 6910 5935.

About Bajaj Housing Finance Limited : Bajaj Housing Finance Limited is a 100% subsidiary of Bajaj Finance Limited — one of the most diversified NBFCs in the Indian market, catering to more than 69.1 million customers across the country. Headquartered in Pune, Bajaj Housing Finance Limited offers finance to individuals as well as corporate entities for the purchase and renovation of homes, or commercial spaces. It also provides loans against property for business or personal needs

as well as working capital for business expansion purposes. The Company also offers finance to developers engaged in the construction of residential and commercial properties as well as lease rental discounting to developers and high-net-worth individuals. Bajaj Housing Finance Limited enjoys the highest credit ratings from CRISIL as well as India Ratings. The Company is rated AAA/Stable for its long-term debt programme and A1+ for its short-term debt programme from CRISIL and India Ratings.