Bajaj Finserv

Home Loan


We deploy technology and apply innovation to create unique and compelling propositions that help you do what you always wanted to do. Hereunder are a host of unique features and benefits that you enjoy with a Home Loan from Bajaj Finance Limited. Most of these features are industry firsts and come only with our portfolio of offerings. Read on to know more:

Home Loan +
A unique offering to our home loan customers who are buying ready to occupy property. While we fund your dream home we also understand that you need to spend on the fixtures and fittings to make the place yours. As a part of the overall package, we offer you a separate amount exclusively for this.

Refinance
If you have purchased your property within the last 12 months with your own funds, you can avail of our refinance option and take a loan up to the registered value of your property.

Part Prepayment facility
You can prepay any amount per prepay transaction not less than 3 EMIs. There is no limit on the maximum amount. This is subject to your clearing your first EMI. You need not give cheques / DD / come to branch since now you can also prepay sitting at your home / office through our Online Customer Portal – Experia.

Nil Foreclosure charges
You can choose to foreclose your loan anytime during your loan tenor without paying any foreclosure charges.

Online Account Access
Get all information about your loan like repayment track, interest certificate, payment schedule etc through our customer portal - Experia. Just log in with your Username/Mobile number/Email ID and password to access information and transact on your loan account.

Customised Insurance Schemes
Group Credit Protection Plus from Bajaj Allianz
Non Medical Loan & Life Insurance of up to Rs. 300 Lacs
Level term Plan, which means you are covered for the complete amount despite reduction/prepayment of the loan amount
Coverage for the complete tenure of the loan up to a maximum of 30 years

Home Safe Plus from ICICI Lombard
Non Medical Insurance up to Rs. 3 Crores
Provides coverage against accidental death, permanent or total disability, diagnosis of critical illness and loss of job
Coverage for 5 years

Bajaj Allianz SFSP Policy
Bajaj Allianz’ SFSP Policy offers a comprehensive insurance cover for your home (i.e. residential building) against various contingencies to ensure that your prized possession is always safe!

Star Health Package Policy
Bajaj Allianz Star Health Policy covers upto 5 lacs and the benefits are payable for each day of hospitalization which gets doubled in case of ICU admission. Moreover, the premiums paid get income tax benefit upto Rs. 15,000

Eligibility and Documents

You are an Indian Resident
You are at least 28 years of age when the loan is sanctioned
You are a salaried individual with a work experience of 5 years or more
The minimum Loan amount is Rs.70 Lacs in case of Delhi and Mumbai, Rs.50 Lacs for Bangalore, Chennai and Chandigarh and Rs.30 Lacs for all other locations

Documents
Application form Yes
Photograph Yes
Identity Proof Yes
Address proof Yes
Signature Proof Yes
Date of Birth Proof Yes
Income Details IT Returns & Balance Sheet & P/L Account statement for the last 2 years
Business Continuity Proof Five years
Bank Account Statements For Last 6 months
Partnership Deed -
MOA/AOA -

Salary Fees and Charges
Types of fees Charges Applicable
Processing Fees 0.5% of the loan amount for Salaried Individuals
Loan Statement Charges NIL
Interest & Principle Statement Charges NIL
PDC Swap Charges NIL
EMI bounce charges Rs.1000 for every bounce
Penal Interest 2.00% p.m
Foreclosure Charges * NIL
Part Prepayment charges * NIL
*Applicable following 1st EMI clearance

Self employed Fees and Charges
Types of fees Charges Applicable
Processing Fees 1% of the loan amount for Self Employed individuals
Loan Statement Charges NIL
Interest & Principle Statement Charges NIL
PDC Swap Charges NIL
EMI bounce charges Rs.1000 for every bounce
Penal Interest 2.00% p.m
Foreclosure Charges * NIL
Part Prepayment charges * NIL
*Applicable following 1st EMI clearance

Property Search Services
Searching for the perfect property is a task that requires guidance, at each step. We want to ensure that you get the best possible assistance right from search to purchase. Click here to share your details and our Relationship Manager will get in touch with you.
o Access to structured real estate market information through newsletters and reports
o Property search through the most credible, trained resources
o Periodic updates on newly launched properties
o Option of funding your property requirements from Bajaj Finance Limited
o Special offers only for Bajaj Finance Limited customers
o ‘Property Helpline’ to answer your real estate queries
o Property valuation services at a preferential tariff

FAQ

Q1. What is the maximum amount I can get as Home Loan from Bajaj Finance Limited?
A.We offer up to Rs.15 Crore as Home Loan for self employed customers and up to Rs.10 crore for salaried customers.

Q2. How do you determine my eligibility for a loan and the loan amount?
A. We consider the following factors to determine eligibility and loan amount:
o Age
o Income
o Valuation of Property (Fair market value)
o Existing obligations, if any
o Stability/Continuity of employment/Business

Q3. Can I get approval for home loan without finalizing on my property?
A. Yes, based on your income eligibility, we can offer you an in-principle approval for your Home Loan. Based on this, you can identify the property you need to buy. The final sanction of your Home Loan will be based on the assessment of the identified property.

Q4. What is the maximum tenor that I can get for my Home Loan?
A. We offer a maximum repayment tenor of up to 20 years for Self Employed customers and up to 25 years for salaried customers.

Q5. How is the interest calculated on my Home Loan?
A. The interest is calculated on monthly reducing balance at the prevailing rate of interest of your loan. Bajaj Finance Limited offers Floating Interest Rates linked to the internal Floating Reference Rate (referred to as BFL FRR).

Q6. On what basis does the internal FRR change?
A. Internal FRR is the benchmark reference rate. This is determined basis the market conditions and the cost of funds for the company. These changes depend on various external factors and economic conditions.

Q7. How often do Interest rates change?
A. As per our re-pricing policy, interest rates are reviewed every 2 months and a decision is taken whether to change the interest rates or keep it unchanged.

Q8. Do you provide any Moratorium Period?
A. We provide a re-pricing holiday for our newly acquired customers for a period of 3 months i.e. will be re-priced post completion of 3 months from the month of booking of the loan. The case will be recommended for re-pricing in the third month and the re-pricing will be effected in the fourth month, post booking of all such new Loans.

Get Enquiry Here

CONTACT
9594111161 / 9967111161
ONLINE CONTACT
perfectsolution.helpdesk@gmail.com
ADDRESS
504, 5th Floor Suchita Business Park,
Raigad Chowk, Station Road, Ghatkopar (E), Mumbai 400 077
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