Bajaj Finance Home Loan: If you are looking to apply for Bajaj Finserv Home Loan then this article is for you because in this article we will provide you complete information about Bajaj Finserv Home Loan. Home is our little piece of heaven. Where we store our memories.
Who does not want to have their own home? But we are in dire need of money to build a house. If you do not have money then you can take benefits of schemes like home loan. In this article, we will know what is Bajaj Finserv Home Loan, what is the loan amount we can get under this loan, what is the interest rate of this home loan etc. That’s why you read this article completely till the end.
Bajaj Finance Home Loan Information
You can take a home loan to buy a house, build a house, or renovate a house. Bajaj Finserv offers home loans to its customers at attractive interest rates. You can apply online or offline to get a Bajaj Finance Home Loan. Home loan comes under the category of secured loans.
So to avail this loan, you have to give a guarantee to the lender. With Bajaj Finserv, you can avail a home loan for a tenure of up to 30 years. You can get the benefit of interest subsidy under the Pradhan Mantri Awas Yojana (PMAY) run by the Government of India.
Bajaj Finance Home loan Interest Rate.
Before applying for a home loan, you should know what is the Bajaj Finance home loan interest rate. The interest rate plays a very important role while calculating the home loan EMI. If the interest rate of the loan is high then the EMI amount of your loan will also be higher.
Bajaj Finserv Home Loan interest rates start at 6.65% p.a. Just as we need to know about the personal loan interest rate before taking a personal loan, it is very important for us to know about the home loan interest rate before taking a home loan.
Fixed rate of interest: This rate of interest is fixed for the entire loan tenure. This allows you to estimate the total repayment liability and interest charges at the beginning of the loan term. Fixed rates are usually 1-2.5% higher than floating interest rates.
Floating rate of interest: Unlike fixed interest rate, floating home loan interest rates are variable and the tenure of the loan changes due to several contributing factors. The floating interest rate on a home loan keeps on increasing or decreasing depending on the benchmark rate linked to the housing finance. You can opt for a floating interest rate while taking a home loan.
Benefits and Feature of Bajaj Finance Home Loan.
Any salaried person and self-employed person can apply for home loan.
You can take this home loan for a tenure of up to 30 years.
The interest rate of Bajaj Finserv Home Loan starts from 6.65% per annum.
You can also take advantage of interest subsidy on home loan under Pradhan Mantri Awas Yojana.
Whether you are looking to build, buy or renovate your home, you can apply for a Bajaj Finserv Home Loan.
The loan amount depends on factors like your credit score and your income.
Salaried individuals can apply for home loans up to Rs 3.5 crore and self-employed individuals up to Rs 5 crore.
You can calculated EMI by visiting the official website of the bank.
Following are some of the salient features of Bajaj Finance Home Loan:
Pradhan Mantri Awas Yojana (PMAY): Under the Pradhan Mantri Awas Yojana, run by the Government of India, the beneficiary can get subsidy on home loan.
Easy Balance Transfer Facility: With Bajaj Finance Home Loans you can refinance your existing Home Loans with minimal documentation and faster processing.
Any Indian citizen with good financial profile can apply.
Age limit for salaried person – 23 to 62 years should be.
Age limit for self employed – should be between 25 to 70 years.
Salaried person should have at least 3 years work experience.
Self employed person should have minimum 5 years work experience.
Applicant’s CIBIL score should be 750 or above.
The minimum income of the person applying should be Rs 25,000.
Documents Required for Bajaj Finance Home Loan.
Before applying for a home loan, you should do all your documents together. Because whenever the bank asks for any document from you, you can give this document to them. The documents required to apply for Bajaj Finance Home Loan are as follows:
Some passport size photos.
KYC Related Documents.
Identity Proof (PAN Card/Driving License/Voter ID Card/Passport).
Address Proof (Electricity Bill/Water Bill/Telephone Bill/Passport/Aadhar Card/Voter ID Card/Driving License).
You may require additional documents while applying.
How to Apply for Bajaj Finance Home Loan?
If you are eligible for this loan and fulfill all the conditions of Bajaj Finance, then you can apply for this loan both online and offline. To apply, follow all the steps given below:
How to apply Bajaj Finserv Home Loan online?
First of all you have to visit the official website of Bajaj Finserv https://www.bajajfinserv.in/.
On the home page of the website, you will see the option of home loan, click on it.
On the next page, all the information related to home loan will come in front of you.
You have to click on Apply Now option.
The form will open in front of you.
All the information asked in the form has to be entered correctly and submit the form.
After that the bank will contact you and proceed with the loan process.
A Bajaj Finserv representative will get in touch with you for your pre-approved offer. You can also avail a Home Loan by visiting any of your nearest Bajaj Finserv branch.
How to apply Bajaj Finserv Home Loan offline?
To apply offline, you have to first go to your nearest Bajaj housing finance branch.
Visit the branch and contact the branch employee.
All your documents will be verified by the employee.
You have to fill an application form.
Attach the documents with the form and submit it there.
In this way your application will be done.
Conclusion: In this article, we have provided you complete information about Bajaj Finserv Home Loan. Anyone can apply for this home loan. You can take a home loan to buy, build or renovate your home. Thank you for Reading this article.
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