Try Applying for a higher Loan Amount as most bank reduce interest rates as loan amount increases
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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.
If the borrower takes a loan in the form of Advance EMI option, then the below should be followed:
If the applicant avails the loan in the form of Step up Structured EMIs, then:
If the borrower avails the loan in the form of Step Down Structured EMIs, then:
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:
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
Income Eligibility for Salaried Individuals:
Eligibility Criteria for Self-Employed Applicants
Whether you are a businessman, doctor, CA or an engineer Bajaj Finserv provides home loans up to ₹35,000,000.
Interest Rate | 9.05% to 10.30% (For Salaried) 9.35% - 11.15% (For Self-employed) |
Loan Tenure | From 5 years to 25 years |
Loan Amount | Min ₹1,000,000 to Max ₹35,000,000 |
Processing Fee | Up to 0.80% (Salaried), Upto 1.20% (Self Employed) |
EMI Bounce Charges | ₹3,000 per bounce |
Charge for Loan Statements | NIL |
Charge for Interest & Principle Statement | NIL |
PDC Swap Charges | NIL |
Age | Min 25 years and Max 60 years |
Prepayment Charges | Allowed after 1 EMI's, can prepay without charges. |
Foreclosure Charges | Allowed after 1 EMI's, can prepay without charges. |
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.
Documents Required |
Individuals |
Firms, Partnerships |
Identity Proof |
PAN card, Passport, Driving License, Aadhar Card, Voter id, Govt issued i-card |
PAN card, Passport, Driving License, Aadhar Card, Voter id, Govt issued i-card |
Certificate and Proof of Business Existence |
NA |
PAN , sales tax/ excise/ VAT/ service tax registration, Copy of partnership deed, Trade license, certificate of practice, registration certificate issued by RBI, SEBI |
Address Proof |
Passport, Driving License, Election ID card, Electricity/ Telephone/ Mobile bill/ bank statement |
Bank statement, utility bill, Registry copy, lease or rent agreement, TAN allotment letter |
Age Proof |
PAN card, Passport, Driving License, Voter id card, Birth certificate, Employee ID card (only for PSU/ Government employees), School/ college leaving certificate |
PAN card, Passport, Driving License, Voter id card, Birth certificate, Employee ID card (only for PSU/ Government employees), School/ college leaving certificate |
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