Bajaj Finserv Home Loan Apply Online @8.85%

Are you dreaming about owning a house? It’s time to stop dreaming and take a step to own one. If you are tired of paying monthly rental then at Bajaj Finserv you can get home loan which will help you to own a property by just paying the monthly EMI. This monthly EMI could be as close as your monthly rental and bring a difference to your life. If you are a house hunter then Bajaj Finance can cater all your need and will be able to customize the loan as per your requirements. With the help of Finance Buddha you can check the eligibility and accordingly decide with the best home loan plan that suits your income and needs.

A home purchase has been made more affordable and accessible with home loans provided by Bajaj Finserv. Bajaj Finserv offers home loans with a lot of flexibility that it fits for the home buyers of every kind. Bajaj Finserv provides home loans as high as ₹35,000,000 which is likely to be enough to purchase a home. Bajaj Finance can cater all your need and will be able to customize the loan as per your requirements. With the help of Finance Buddha, you can check the eligibility and accordingly can find the best home loan that suits your requirements.

Some of the interesting features offered by Bajaj Finance home loans are listed below. These will help you to understand why this financial institution is popular among the masses for home loan purchase.

1. Balance Transfer Facility: You can refinance your existing home loan with Bajaj Finserv.  With minimal documentation and faster processing one can easily transfer your existing home loan to Bajaj Finserv for better services.
2. Top-up Loan- An existing home loan customer can finance their other requirements with a high-value top-up loan over and above the existing housing loan. It is documentation free loan at a nominal rate of interest.
3. Property Dossier- Bajaj Finance provides a customised report to guide the home loan customer through all the legal and financial aspects of being a property owner. This is a unique feature of Bajaj Finserv.
4. Part-prepayment and Foreclosure Facility - No charges on part-prepayment or foreclosure to make the loan affordable.
5. Flexible Tenor- The home loan tenors ranging up to 240 months. One can opt for any duration according to the repayment capacity.
6. Minimal Documentation- Easy Home Loan eligibility criteria and minimal documentation are the main attractions of a home loan from Bajaj Finserv.
7. Account Management - One can manage the home loan account online by using digital customer portal which is 24X7 service.
8. Customised Insurance Schemes - Bajaj Finserv provides customised insurance schemes to protect the family of the borrower from the burden of repaying the housing loan in case of unforeseen events.

If the borrower takes a loan in the form of Advance EMI option, then the below should be followed:

• It’s agreed by the Borrowers that the EMI paid in advance as per clause 2.15 (a) (i) above shall be deducted from the loan and the remaining amount of the loan after such deductions will be disbursed to the borrower.
• The Borrower shall pay in advance the amount of the last EMI in relation to the loan as mentioned in Schedule II.

If the applicant avails the loan in the form of Step up Structured EMIs, then:

• It is clarified and agreed by the borrower that the amount of EMI paid by the borrower will increase gradually during the loan period.
• The borrower shall have the benefit of paying staggered or different amounts of EMI in relation to the loan amount which becomes payable during loan tenure as mentioned in Scheduled II.

If the borrower avails the loan in the form of Step Down Structured EMIs, then:

• The borrower shall have the benefit of paying staggered or different amounts of EMI in relation to the loan amount which becomes payable during loan tenure as mentioned in Schedule II.
• It is clarified and agreed by the borrowers that the amount of EMI paid by the applicant will decrease gradually during the loan.

Here are some of the key reasons why Bajaj Finance is considered as the best bank for home loans as compared to other banks and non-banking financial institutions:

• The applicant can avail loan up to ₹35,000,000.
• It offers prompt repayment benefits to the borrowers.
• Part- payment and foreclosure options are available
• There are no additional charges involved in foreclosure of a home loan
• There are pre-approved offers
• Customers can access and monitor their account through online.

Finance Buddha is the ideal platform where you can compare and choose the best banks or non-banking financial company that can offer you the best rates and amounts as per your request. This will help you to judge which is the best and ideal option from the alternatives available. Once you pick your bank and apply through Finance Buddha, the banks will contact you directly within 24 hours to take your request forward.

Bajaj Finserv has a different set of rules and working style for salaried, self-employed as well as businesses. The same difference is considered even for their home loan eligibility factor.

Eligibility Criteria for Salaried Applicants

• The applicant should be a resident of India.
• The applicant should be between 23 and 62 years of age.
• The applicant should be a salaried individual with a work experience of 3 years or more.
• The minimum and maximum loan amounts are ₹1,000,000 and ₹35,000,000 respectively.

Income Eligibility for Salaried Individuals:

• Minimum Monthly Net Salary should be at least ₹60000 for residents of Thane, Delhi /NCR and Mumbai.
• Minimum Monthly Net Salary should be at least ₹45000 for residents of Chennai and Bangalore.
• Minimum Monthly Net Salary should be at least ₹45000 or more for residents of Pune, Ahmedabad, Hyderabad and Kolkata.
• Minimum Monthly Net Salary should be at least ₹35000 for the resident of Coimbatore, Surat, Aurangabad, Vadodara, Jaipur & Nashik.

Eligibility Criteria for Self-Employed Applicants

• The applicant should be a resident of India.
• The applicant should be between 25-70 years of age.
• Self-employed individuals must have a minimum of 5 years of continuity in current business.

Whether you are a businessman, doctor, CA or an engineer Bajaj Finserv provides home loans up to ₹35,000,000.

The home loan interest rate at Bajaj Finserv is competitive. The interest rate is different for salaried and self-employed loan applicants. The processing fee also alters slightly in the cases of salaried and self-employed loan applicants. Here below is a table where you can find different fees and charges of a Bajaj Finserv Home Loan.