Tag Archives: bajaj finserv home loan eligibility

Bajaj Finserv Home Loan – Interest Rate , Eligibility & Documents

(Updated on 12.01.2019– Bajaj Finance Home Loan – Apply & Get Attractive Interest Rates on Bajaj Finance Home Loan, Low EMI, Less Documents, EMI Calculator Eligibility.

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Bajaj Finserv Home Loan

Bajaj Finserv provides Home Loan with its tempting home loan features such as Assistance in property search , Home Loan felxi-pay, 3 EMI holiday, Life Insurance facility through HDFC Bank, Home Loan -Top up, Home Loan – takeover facility, Home Improvement Loan, Home Extension Loan, Home loan plus and much more. Bajaj Finserv Home Loan can be availed at the most competitive home loan rates with feasible loan repayment option, less processing fees and lots more. Check your home loan eligibility today by using Home Loan Eligibility Calculator and get the best deals with instant loan disbursal.

Bajaj Finserv Home Loan Interest Rate

Interest Rate  9.05% to 10.30% p.a
Processing fee range 1% of the loan amount for self-employed individuals and 0.8% of the loan amount for salaried individuals.
Loan Amount Up to Rs.15 crore for self-employed customers, Up to Rs.10 crore for Salaried customers.
Tenure Up to 20 years for Self Employed customers, Up to 25 years for salaried customers.

Bajaj Finserv Home Loan EMI Calculator

Bajaj Finserv Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
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Bajaj Finserv Home loan features

  • Top-up Loan at a minimal rate of interest.

  • Online Home Loan Balance Transfer facility from other banks can be disbursed in less than 4 days with minimal documentation.

  • Refinance Facility.

  • Part pre-payment facility with nil charges.

  • You have the flexibility to pre-pay the loan with idle funds.

  • Home construction loan (special) available.

  • Land purchase loan also available.

  • Feasible joint application facility for a joint home loan.

Bajaj Finserv Home Loan Eligibility

  • Loan for Indian Residents only.

  • Applicant age should be between 28-70 years of age.

  • Self-employed individual with minimum 5 years of continuity in current business.

  • Salaried individual with a work experience of 3 years or more.

  • Minimum loan amount is Rs.30 lakh and maximum Rs.15 crores.

  • Other eligibility will also be taken into consideration in accordance with bank’s norms.

Bajaj Finserv Home Loan Documents Required

  • Signed application form with photographs .

  • Proof of identity- Passport, Voter’s ID, Driving License, PAN Card etc.

  • Address Proof- Ration Card, Electricity or Telephone Bill, Passport, Trade License, Sales Tax certificate etc.

  • Copy of PAN Card.

  • Proof of Income for Salaried Applicants- Salary certificate or last 3 months salary slips, Income tax returns for the last 2 years or Form 16 and bank statements for the last 6 months.

  • Proof of Income for Self Employed Professionals, Self Employed Non-Professionals and Business- Proof of business existence and education qualification certificate, Business profile, Tax returns for the last 2 years (attached with audited balance sheet and P&L).

  • IT returns for last 2 years and bank statements for the last 12 months (both self and business). Aside from these, the Federal Bank can request you for additional documents and proof.

    Bajaj Finserv Home Loan Prepayments

    Foreclosure charges

    • Nill foreclosure charges for salaried Individuals.

    • 4% plus applicable taxes on principal outstanding for self-employed non- individual on floating interest rates.

    • Nill for self-employed individuals on floating interest rates .

    • 2% plus applicable taxes on principal outstanding for all borrowers on floating rates between 25 – 48 months .

    Part Pre-payment Charges

    • Nill part pre-payment charges for salaried Individuals on floating rates.

    • 2% plus applicable taxes on part payment amount paid for self-employed non-individual and for all borrowers between 25 – 48 months.

Latest News on Bajaj Finserv

1) Bajaj Finance Ltd., the lending arm of Bajaj Finserv, is offering additional top-up of Rs. 50 lakhs on Home Loan Balance Transfer from other financial Institutions to Bajaj Finserv. Balance Transfer on Home Loan by Bajaj Finserv can be availed at an interest rate of 8.40%

2) Bajaj Housing Finance Limited (BHFL), A subsidiary of Bajaj Finance (BFL) is looking forward to grow its loan book to Rs 8,000 crore by the financial year 2019-20.

BHFL’s parent company, BFL, has injected an equity of Rs 300 crore in the company so far. It will infuse regular capital into the mortgage company to support its growth plans. The higher growth expected in the affordable housing segment is supported by the government’s focus on “Housing for All by 2022”. the company is taking a step forward to the growth of the company.