A Complete Guide on Home Loan and its Features and Benefits

A Complete Guide on Home Loan and its Features and Benefits with Bajaj Housing Finance

Introduction of Home loan ● The most popular type of home loan is the loan for purchase of a new or a pre-owned home. Loan Provided by Bajaj Housing Finance is commonly available and offered interest rate as good as any bank. The interest rate is either floating or fixed. ● A home loan provides financing to help in purchase dream home comfortably. ● A Home Loan is a secured loan through which you borrow a sum to purchase a property – be it an under-construction or ready-for-possession property from a developer, or a resale property from an individual or entity.

Features of Home Loan Features

About

Home Loan balance transfer

Borrowers with an existing Home Loan can make the most of our features and benefits by transferring the balance amount to us.

Repayment tenure of 30 years

Opt for a longer tenor to make your EMIs more affordable over the years. Choose a tenor of up to 30 years and repay comfortably.

Hassle-Free Application

Enjoy a truly hassle-free experience with a partially virtual application process.

Skip the branch visits and opt for our doorstep document pick-up service.

Customized Repayment Options

Want to purchase an under-construction property and pay only a part of your EMIs to begin with? With us, you benefit from customized repayment options.

External Benchmark Linked Loans

Make the most of Home Loan interest rates linked to external benchmarks such as the Repo Rate. Benefit from reduced payouts during favourable market conditions.

Some Benefits of Securing a Home Loan ● Attractive Interest Rate - Based on eligibility as well as our policy at the time of loan application, offers a home loan interest rate. ● Easy Online Application - You can follow a simple online procedure for your home loan application. ● Quick Disbursal - Loan can processed within 72 hours* with successful document and property verification and final loan approval. ● Flexibility Repayment Tenor - You can select a repayment tenure up to 30 years* to make it more comfortable on your budget.

Document Checklist To complete application, there is need of some of supportive document which are given below:● Personal:KYC documents - Photo ID, Residential proof ● Income :Salary slips - 3 months, proof of business, etc ● Qualification:Education certificates - MBBS and above, valid COP, etc ● Financial:Bank account statement - 6 months, ITR, P&L statement, etc ● Property related:Title deed, property tax receipts, allotment letter, etc

Things to Check Before Applying for Home Loan ● Additional Fee and Charges: It is important to know about all charges related to Home Loan, especially the charges of processing fee. ● Interest Rate: Interest Rate is important factor which determine how affordable or unaffordable EMI, ultimately, the loan is in the long term. ● The Ideal Tenor: We have option to choose tenor of up to 30 years. If in case interest rate increases over the course of tenor, increases the interest outflow can be adjusted against an increase in tenor rather than an increase in Home Loan EMI.

Home Loan Eligibility Criteria Eligibility Parameters

Salaried

Self-Employed

Nationality

Indian(Non-NRI)

Indian(Non-NRI)

Employment

Minimum 3 years of work experience

Minimum 5 years of vintage in current enterprise

Age

23 to 62 years**

25 to 70 years**

Place of Residence

Most reside in one of the cities we operate in

Most reside in one of the cities we operate in

Apply for Home Loan If you’re wondering how to apply for home loan, the below guide will walk you through our easy Home Loan application process.

1. Visit our application form 2. Enter your full name, mobile number, PIN code, and occupation type 3. Enter your date of birth, PAN number, income, and other details Once you submit the application, our representative will get in touch with you within 24 hours* and explain the next steps. Alternatively, you can also walk into any of our branches around India, where our representatives can guide you through the process.

More Info:BAJAJ HOUSING FINANCE LIMITED Cerebrum IT Park, 5th Floor B2 Building, Holy Cross Rd, Kalyani Nagar, Pune, Maharashtra 411014 Phone number : +91 8698010101

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