Everything You Need To Know About Bajaj Home Loan Rate of Interest:

Everything You Need To Know About Bajaj Home Loan Rate of Interest:

Bajaj Finserv is one of the leading financial institutions that provide home loan facilities to its customers for purchasing your first house, renovation, construction for your housing units, and many others. Customers can opt for a Bajaj Finserv home loan by putting the property as collateral. Also, the Bajaj home loan rate of interest is one of the lowest in the market today.

If you’re planning to buy your dream home, a home loan from Bajaj Finance will fit your bill for sure. In this article, we will tell you about the home loan facility from Bajaj Finance in detail.

Prominent Features of Bajaj Finserv Home loan: You can have a look at some of the amazing features that Bajaj Finserv lets its customers enjoy on their home loan facility. ● The Bajaj home loan rate of interest ranges from 9.05% to 11.30% per annum for salaried individuals and 9.35% to 11.15% per annum for the self-employed individuals for upto the loan amount of ₹ 30 lakh. ● Bajaj home loan rate of interest also depends on various factors like your age, credit score, repayment capability, employment type, etc.

(Make it the second point) ● You can opt for a loan amount for a maximum of 20 years. This will help you repay easily.

● By the Bajaj Finserv home loan facility, you can opt for a maximum of 80% of property value as the loan amount. You have to make a down payment of the remaining 10%- 20%. ● It also offers PMAY (Pradhan Mantri Awas Yojna) by which you can get the loan amount at 6.93% per annum and save upto ₹ 2.67 lakh interest amount. ● You can transfer your existing home loan amount to Bajaj Finance with the easy balance transfer facility having minimal documentation involved. ● You can get a top-up loan of upto ₹ 50 lakh on your existing home loan amount. ● There are no charges on prepayment and foreclosure to make the home loan facility affordable. ● You can get a maximum loan amount of ₹ 3.5 crores with the Bajaj home loan facility.

How to calculate your home loan EMI with the help of an EMI calculator?

Before opting for a home loan, it is essential to calculate the EMI amount that you’ll be paying every month. For this purpose, you can use the Bajaj Finserv home loan EMI calculator. Besides this, you can also get to know the due interest amount on your home loan with this calculator in three simple steps.

You just need to put the details like the desired loan amount, Bajaj home loan interest rate, and tenure period. By these details, the calculator will give you the exact EMI amount that you’ll need to pay.

Am I eligible for getting a Bajaj Finserv Home Loan?

There are a few conditions that a candidate has to fulfill in order to be eligible for the home loan facility. You can have a look at them below. ● The age must be between 23 to 62 years for salaried and 25 to 70 years for self-employed individuals. ● The minimum credit score must be 750 or above. ● The monthly salary should be a minimum of ₹ 25,000. ● An applicant should have a minimum of 3 years of work experience.