When you apply for a Bajaj Housing Finance Home Loan you need to follow the steps given below:

1. Submit the online Home Loan application form
2. Submit documents required like KYC, Financial, and Property
3. Loan processing is initiated along with legal and technical verification
4. The loan eligibility of the loan applicant is determined after which Bajaj Housing Finance provides a sanction letter. Usually, it includes a few important details such as sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, validity of sanction letter, special conditions (if any), and other terms and conditions
5. After the submission of documents and raising a home loan disbursement request, Bajaj Housing Finance will issue the disbursement cheque

When applying for a Bajaj Housing Finance Home Loan there are a few important documents that you need to submit. They are given in the table below:

One of the major reasons you need to select Bajaj Housing Finance Home Loan is because they do not charge prepayment and foreclosure fees. Thereby making repayment of home loans 100% hassle-free. Above all, by providing a smooth ‘Digital’ loan processing they help you purchase your ‘Dream House’ with ease.

After filling duly the Bajaj Housing Finance Home Loan application and submitting all the necessary documents, it takes this NBFC about 5-7 working days hours to provide you with a letter sanctioning a home loan.

Typically, it is a minimum CIBIL Score of 700 and above that you need to secure a Bajaj Housing Finance Home Loan.

Generally, Bajaj Housing Finance Home Loan provides a maximum loan amount of 10 crores and a minimum of Rs 15 lakhs.

It is not necessary to have a co-applicant while applying for a Bajaj Housing Finance Home Loan. However, having one can help you improve your home loan eligibility significantly, which shows the lender your ‘Creditworthiness’ and chances to improve terms and conditions.

The rate of interest on your Bajaj Housing Finance Home Loan will change constantly depending on the type you choose. So, if you opt for a floating interest rate then it will keep changing regularly. However, in the case of a fixed interest rate, there will be no change.

When you have IT returns for three years to show your lender as financial proof, your chances of getting a Bajaj Housing Finance Home Loan increase significantly. However, despite not having documents showing returns of three years you can still get a Bajaj Housing Finance Home Loan. The only condition is that you need to seek a small loan and your CIBIL score must be ‘Creditworthy’.

Once you apply for a Bajaj Housing Finance Home Loan, submit all required documents, and get a sanction letter from this NBFC, it takes about 48 hours for the home loan to get disbursed.

• Bajaj Housing Finance Home Loan Types:

  Usually, there are three types of Bajaj Housing Finance Home Loans. They are as follows: 

• Bajaj Housing Finance Online Home Loan:

  Usually, this is a normal home loan from Bajaj Housing Finance that you can secure online. It is a scheme in which a loan is disbursed to the applicant within 48 hours after submitting the required documents and approved. 

  The maximum loan provided under this program is Rs 5 crore. Moreover, depending on creditworthiness an individual can get a higher loan amount. 

  The maximum tenure provided by the Bajaj Housing Finance Home Loan is up to 40 years. 

• Bajaj Housing Finance Home Loan Balance Transfer:

  Existing home loan borrowers of other banks finding it difficult to repay can make use of the Home Loan Balance Transfer made available by Bajaj Housing Finance Home Loan Balance Transfer. 

• Bajaj Housing Finance Home Loan for Doctors:

  This home loan scheme is offered by Bajaj Housing Finance Home Loan specifically for doctors. It enables them to buy their dream home and allows them to transfer home loans taken from other banks to Bajaj Housing Finance Home Loan at the lowest interest rate. 

• Bajaj Housing Finance Top-Up Home Loan:

  Bajaj Housing Finance provides a scheme that enables an individual to get a ‘Top Up’ over and above the current home loan. This is mainly to help an individual fulfill personal requirements such as wedding, education, etc 

• Benefits of Bajaj Housing Finance Home Loan: 

  There are a few benefits that you can obtain by applying to Bajaj Housing Finance. They are as follows: 

  1. Flexible tenure extending up to 40 years 
  2. Easy Balance Transfer Facility available at attractive interest rates 
  3. Quick loan processing including loans disbursed within 48 hours 
  4. Get Top-Up Home Loans at competitive interest rates 
  5. Minimal documentation submission for loan processing 
  6. Availability of online EMI calculator on the Bajaj Housing Finance website 
  7. Enjoy 0% prepayment and foreclosure charges