Bajaj Finserv was created in April 2007 as a consequence of a demerger from Bajaj Auto Limited to focus on financial services. As a result of the demerger, Bajaj Finserv independently runs the business of lending, protection and savings. It is the holding company of the Bajaj Group for business dealing related particularly to financial services. Bajaj Finserv offers simple and trouble-free home loan options at affordable and attractive interest rates. Bajaj Finserv home loans provides various home loan options starting at just 6.75% interest rate. The charges and fess are structured in such a way that the customers can lower their EMIs to INR 649/lakh. The customers have a wide range of schemes and plans to pick from, so that they can find one that meets their needs. These plans are tailored according to the needs of different types of customers, ensuring that everyone gets the most out of the plans.
Bajaj Finserv home loans is the one stop solution for the ones who are planning to buy, renovate a house or construct one. With its minimum documentation, smooth process of providing loans and affordable interest rates, Bajaj Finserv home loans stands out from the rest. Some key features of the home loan options offered by Bajaj Finserv are:
Salaried as well as self-employed people can apply for a home loan from Bajaj Finserv and can use it to fulfil their dream of owning a beautiful home. The basic requirements for applying for a home loan are divided into two categories:
Bajaj Finserv has made the documentation process extremely simple for their customers. They have the easiest documentation process and paperless processing. There are only a few documents that the applicants must have to enjoy the benefits of Bajaj Finserv home loans. If the applicant has the following the documents, he/she can easily apply for Bajaj Finserv home loans.
Bajaj Finserv home loans is widely known for its reasonable and affordable interest rates. Bajaj Finserv Home loans aims to provide loans at the least possible interest rate so that their customers do not find any kind of difficulty in achieving their dream of owning a house.
Current Home Loan interest rates
Employment type | Product | Rate of interest |
---|---|---|
Salaried Individuals |
Home loan | 6.75% |
Home loan balance transfer | 6.75% | |
Home loan top up | 7.75% | |
Self-employed individuals |
Home loan | 8.50% |
Home loan balance transfer | 8.50% | |
Home loan top up | 9.00% |
The extremely low interest rates offered by Bajaj Finserv is the main feature of their home loans that attracts the maximum people to avail a from them.
Bajaj Finserv home loans offers their customers the EMI calculator to know about their monthly instalments and the total interest payable on their home loan easily without having to indulge themselves in complicated calculations.
The customer can select the tenure of up to 20 years with the rate of interest starting at just 6.75% to know about the EMIs that perfectly suit their repayment ability. This tool makes the planning of repayment of home loan much better and efficient.
Having one’s own home gives a proud feeling. The sense of belonging, starting a new chapter of life and to make memories in a place that one can name “mine” is very special for everyone. Bajaj Finserv Home Loans is working hard to deliver the most convenient home loan at the lowest possible interest rate to their customers so that they can have an experience of owning a house. They even ensure that the customer’s home-buying experience is as trouble free and smooth as possible.
After they have received an application for home loan along with the necessary documents, they follow the following steps:
On completion of the above-mentioned steps, Bajaj Finserv home loans starts the disbursement of the home loan.
If the customer’s mailing address is the same for which the loan has been availed, then the customer can update the mailing address by using any of the following ways:
If the customer’s new mailing address is not the one for which the loan has been availed, then the customer would have to visit Bajaj Finserv in person at the nearest branch. The customer should carry original and self-attested copy of the new address proof along with photo identity while visiting the office.
Bajaj Finserv offers two ways to their customers to make their EMI payments:
The fees paid by the customers when they foreclose their home loan are known as foreclosure charges. When customers on floating rates choose to foreclose on their loans, Bajaj Finserv does not levy a fee. For all borrowers on fixed rates and non-individuals on floating rates, the charge is 4% plus relevant taxes.
It is the benchmark reference rate. Internal FRR is determined according to the market conditions and also the cost of funds for the company. The changes are subject to the different external factors and economic conditions.