Assess Your Eligibility to Avail Home Loan From Bajaj Finserv
Buying a home is one of the most important decisions in life, and one should look for good options when it comes to applying for a home loan. Home Loans are secured loans provided by all major financial institutions in India against the purchase of a residential property. The property is hypothecated with the financial institution while you continue living in your house peacefully, by just paying your monthly instalments on time. The tenor for a home loan goes up to 20 years, and rate of interest varies across different institutions.
Home Loans from Bajaj Finserv
Bajaj Finance Ltd, the lending arm of Bajaj Finserv, through its fully owned subsidiary Bajaj Housing Finance Ltd offers its customers the facility to purchase their dream home through flexible home loan repayment options. Bajaj Finserv offers home loans up to Rs. 3.5 crores with interest rate starting at 8.40%. Borrowers who have a running home loan with other lenders can also transfer their loans to Bajaj Finserv at lowest interest rates and additional top-up facility.
Home loans from Bajaj Finserv come bundled with added advantages like instant approval, 3 EMI Holiday, 4-year principal holiday, speedy disbursal and much more.
How to assess your eligibility for a Home Loan from Bajaj Finserv
Ideally 40% of your net monthly income is considered for calculating your home loan eligibility. Similarly, your credit card utilization should also be under 30% of the total limit.
You need to get together your basic financial and banking documents as they would be required to assess your eligibility for a home loan with Bajaj Finserv. Make sure that your financials audited including income tax returns, net worth statements, bank statements and all other financials ready with you.
On fulfilment of the eligibility criteria, the home loan by Bajaj Finserv is approved within 5 minutes and a representative gets in touch with the customer immediately. Bajaj Finserv offers a door step service for collecting the customer’s documents as per schedule convenient for the customer.