How Will Bajaj Finance Home Loan Help You in Achieving Your Dream Home?

1. How Will Bajaj Finance Home Loan Help You in Achieving Your Dream Home?

2. You can stop dreaming about owning a home as with the help of a Bajaj Finance home loan, you can turn this dream into reality. If you’re tired of staying in a rented home, then you can opt for a home loan to buy your own house and pay the easy monthly installments (EMIs) to repay the loan. Bajaj Finance provides the facility of home loans at a pretty competitive rate of interest. You can opt for this home loan facility to purchase the plot, flat, or the property. In some cases, the loan is also given to borrowers for purposes like home renovation, construction, extension, etc. A home loan is a kind of secured loan in which the property acts as the collateral. Various features make Bajaj Finance home loan stand out among all the current loan options in the financial market which we will tell you about in this article.

3. What are the various amazing features of Bajaj Finance Home Loan? A home loan facility from Bajaj Finance comes with low-interest rates, flexible tenure period, and easy repayment options. Below are some highlights of the features that this loan facility provides to its customers.

4. A salaried applicant with three years of experience can opt for a home loan to the maximum amount of ₹ 3.5 crores while a self-employed individual with 5 years of business continuity can get a maximum loan amount of ₹ 5 crores. • You can get a home loan for a maximum period of 240 months which you choose according to your repayment capability. • First-time homeowners can avail the PMAY (Pradhan Mantri Awas Yojna) facility to take a home loan at an affordable rate of interest of 6.93% per annum. You can also save up to ₹ 2.67 lakh on interest.

5. You can enjoy the balance transfer facility at a nominal interest rate. • If any requirement arises, you can opt for a top-up loan upto ₹ 50 lakhs without any extra documentation. • There are no charges on part-prepayment and foreclosure facility. • You can manage your account online in an hassle-free manner through Bajaj Finance’s digital customer portal. • You can take a loan amount upto 80% of the total property value.

6. Am I eligible for getting a Bajaj Finance Home Loan? You can get the answer to the above question by knowing the eligibility criteria. Below are the conditions that an applicant has to fulfill.

7. A salaried applicant’s age must be between 23 to 65 years. • A self-employed individual’s age can fall between 25 to 70 years. • The minimum CIBIL score of the applicant must be 750. • The minimum salary must be between ₹ 25,000 to ₹ 30,000 depending on the residing city. • A salaried individual must have a minimum work experience of 3 years while a self-employed individual must have a business continuity of a minimum of 5 years.

8. How can I apply for a Bajaj Finance Home Loan? You can apply for a home loan by an online process, SMS process, or by visiting the branch. Through the online process, you have to provide the personal, financial, and employment details by which you will get your pre-approved home loan offer. You can finish the process by paying the fee and uploading the required documents. Or you can send ‘HLCI’ to 9773633633. A representative will call you with the pre-approved offers. Besides these methods, you can also apply by visiting the nearest Bajaj Finserv branch.