Buy your Dream House this Diwali with Bajaj Housing Finance – Special Diwali Offer

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Written By agrima797

According to a survey by Anarock titled ‘Consumer Sentiment Survey’, if there is a hike in home loan interest rates above the 9.5% average, it might influence purchase decisions. The persistently high inflation rate has eroded disposable income of around 66% of the participants in the survey. 

In the current scenario of high inflation in India, the best option for Indian home loan applicants is to utilise the home loan Diwali offers that various banks and NBFCs are offering. One good option that prospective homebuyers can consider is Bajaj Housing Finance’s festive special housing loan. 

About Bajaj Housing Finance’s home loan festive offer

Bajaj Housing Finance is a subsidiary of Bajaj Finance, which is one of the most trusted NBFCs in the country. They have come up with a special home loan Diwali offer with a home loan interest rate starting from 8.45% p.a. for salaried applicants. 

As a part of this offer, borrowers can avail home loan benefits with EMIs starting as low as Rs.729/lakh. This offer is valid for home loans that are approved and disbursed between September 13, 2023, and November 12, 2023. Applicants need to have a credit score of 750 or more to apply. 

Features and benefits of opting for the home loan special offers

Bajaj Housing Finance offers a wide variety of features and benefits for all their home loan customers. Mentioned below are all the features and benefits of the home loan special offer:

  • Quick loan disbursal

After approval of application and document verification, home loan applicants can expect to receive their disbursal within 48 hours. 

  • Long repayment tenor

Bajaj Housing Finance gives the freedom to the applicants to decide their repayment tenor as per their financial condition. They can choose a tenor of up to 40 years to pay back the loan without taking too much burden.

  • Hassle-free application process

Applicants can enjoy a hassle-free application process which is completely online. They simply need to opt for the doorstep document pick-up, and all the remaining steps can be completed from the comforts of their home.

  • Loan amount of Rs.5 crore or more

Prospective homeowners do not need to compromise on their dream home for the sake of budget. Bajaj Housing Finance offers home loans of Rs.5 crore or more. For this, applicants simply need to fulfil a set of eligibility criteria.

  • Online tools for better financial management

Applicants can gauge their financial capacity by using online tools such as eligibility calculators. Other than that, the online EMI calculator can help with deciding how much EMI a person can repay every month. Using them before applying for a loan can help in better financial planning.

  • Customisable repayment options

Bajaj Housing Finance offers its customers the opportunity to customise their repayment options. Customers can pay only a part of the EMI while beginning their EMI repayment to get used to the repayment process. With Bajaj Housing Finance, customers can purchase either a ready-to-move home or an under-construction one.

  • Online loan management

In order to offer a seamless borrowing experience, Bajaj Housing Finance offers a completely online loan management system. By logging into Bajaj Housing Finance Customer Portal, borrowers can check all the loan details and related documents.

  • Huge number of projects to choose from

While searching for their dream home, customers have an option to check out the huge list of approved projects under Bajaj Housing Finance. As they are already approved by the lender, going for one of them can help in availing the best borrowing terms as well as quick loan processing.

Eligibility criteria to get home loan special offers

All prospective borrowers need to meet a basic set of eligibility criteria to get approval for the home loan Diwali offers. Here is the list that applicants can check before they apply for a home loan:

  • Nationality

Applicants can be both citizens of India who are residing in India or Non-resident Indians to be eligible for this Diwali offer.

  • Employment type

Prospective borrowers can be either salaried or self-employed to be eligible for this home loan Diwali offer. 

  • Age

Applicants need to be between the age limit of 23 and 75 years in case of salaried individuals. However, in the case of self-employed individuals, the age limit is between 25 and 70 years to get the festive special interest rates. The upper age limit is considered at the time of loan maturity. In case of salaried individuals, the upper age limit might change depending on the profile of the property.

  • Work experience

In case of salaried individuals, a minimum experience of 3 years is a must in any public sector, private sector or Multi-national Company. On the other hand, in case of self-employed individuals, a minimum of 5 years of vintage in the current enterprise is needed to be eligible for these home loan Diwali offers.

Documents required to get home loan Diwali offers

In order to complete a home loan application, applicants need to submit a few supporting documents for personal, income, employment and financial information. Here is a checklist of all the documents that need to be submitted:

  • KYC documents such as an Aadhaar card, voter ID card, driving licence, passport and recent photographs.
  • Mandatory documents such as PAN card and Form 60.
  • Property-related documents like title deed, property tax receipt and allotment letter.
  • Proof of income like 3 month’s salary slip. In case of self-employed individuals, documents like ITR and P&L statements. A primary bank account statement for the last 6 months is necessary for both salaried and self-employed individuals.
  • Educational qualifications such as MBBS and above for doctors and COP for chartered accountants.
  • Business proof of 5 years or more for self-employed as well as non-salaried applicants.

Apart from all these documents, the lender might ask for any additional documents during loan processing.

Step-by-step guide to apply for home loan Diwali offers

Applying for the home loan Diwali offer is extremely simple. Here are the steps that interested applicants can follow:

Step 1: Visit the official website of Bajaj Housing Finance. 

Step 2: Navigate to the home loan application form.

Step 3: Fill in all the essential information like name, contact details, employment type, income details and PIN code of the area in which one resides.

Step 4: Next, enter the OTP that is requested and complete the remaining application process.

After the application form is submitted, within 24 hours, the representatives of Bajaj Housing Finance will get in touch to help with the remaining steps.

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