NBFC Bajaj Finserv Limited today (Tuesday) announced an interest price reduction for its home loans. The price of interest for salaried and specialist applicants now begins from 6.70% per year, which is .05% down from the earlier 6.75% per annum.
In a statement, Bajaj Finserve mentioned that applicants with sturdy credit and earnings profiles stand a superior possibility to be presented this promotional price, efficiently generating their home loan EMIs as low as Rs. 645/lakh.
Existing home loan prospects can also advantage from this new interest price by transferring their home loan to Bajaj Finserv. Not only do they save on the interest outflow, but they also have the choice to avail of a leading-up loan. The home loan balance transfer procedure is rapid, hassle-totally free, and completed with minimal documentation.
Bajaj Finserv has slashed its home loan interest price as aspect of a festive offer you, and these interested can make the most of it by applying for home loan either on the net by way of the (application type) on their web-site or offline by way of any of their branches pan India. Through the on the net procedure, applicants advantage from a Contact-Free Loan application, exactly where the complete procedure except the last stage is by means of contact or mail.
Key Features and Benefits
- A versatile repayment tenor of up to 30 years
- Sizeable home loan quantity of Rs. 5 Cr*, or even larger, basis eligibility
- Sizeable leading-up loan quantity of Rs. 1 Cr*, or even larger, basis eligibility on balance transfer
- External benchmark linked loans (repo price)
- Interest subsidy beneath the EWS and LIG categories of the PMAY scheme
- Repayment selections tailored to your wants
- Swift processing and superior terms on 5,000+ authorized projects
- Doorstep service for document choose-up
- Disbursal in 48 hours* from approval and verification
- Online account management
- Zero aspect-prepayment and foreclosure charges
Eligibility
For salaried staff, the lender’s home loan eligibility criteria is straightforward.
Applicants must have a minimum of 3 years of work encounter with a public or private corporation or a multinational.
The applicant ought to be an Indian citizen (NRIs are ineligible) and involving 23 and 62 years of age, exactly where 62 years is counted as the age at the time of loan maturity.
The criterion in terms of earnings varies on the basis of the applicant’s age and residential place involving Rs. 30,000 and Rs. 50,000.