NBFC Bajaj Finserv Limited today announced a reduction in interest rates for its home loans.
The interest rate for salaried and professional candidates now starts at 6.70% * pa – 0.05% compared to the previous 6.75% * pa
Applicants with strong credit and income profiles have a good chance of being offered this promotional rate, effectively making their home loan IMEs as low as Rs. 645 / lakh *.
Existing mortgage customers can also benefit from this new interest rate by transferring their mortgage to Bajaj Finserv. Not only do they save on interest outflows, but they also have the possibility of benefiting from an additional loan. The home loan balance transfer process is quick, hassle-free, and completed with minimal documentation.
Aajaj Finserv has lowered its home loan interest rate as part of a festive offer, and those interested can make the most of it by applying for a home loan either online through the (
Other features and benefits that applicants enjoy include:
A flexible repayment term of up to 30 years
Significant mortgage amount of Rs. 5 Cr * or more, basic eligibility
Significant complementary loan amount of Rs. 1 Cr * or even more based on eligibility during balance transfer
External loans linked to a reference (repo rate)
Interest subsidy under the EWS and LIG categories of the PMAY scheme
Repayment options tailored to your needs
Fast processing and better conditions on more than 5,000 approved projects
Home service for the collection of documents
Disbursement within 48 hours * from approval and verification
Online account management
No partial prepayment and entry fees
The eligibility criteria for a home loan from the lender for employees are simple. Applicants must have at least three years of professional experience in a public or private company or a multinational.
Apart from that, one must be an Indian citizen (NRIs are not eligible) and be between 23 and 62 years old, 62 years old being counted as the age at the time of loan maturity. The criterion in terms of income varies according to the age of the applicant and his place of residence between Rs. 30,000 and Rs. 50,000.
Bajaj Finance Limited, the loan company of Bajaj Finserv Group, is one of the most diverse NBFCs in the Indian market, serving more than 44 million customers across the country. Based in Pune, the company’s product offerings include sustainable consumer loans, lifestyle finance, life care finance, digital product finance, personal loans, loans against property, small business loans, home loans, credit cards, two and three wheel loans, business loans SME loans / loans, securities lending and rural finance, which includes gold loans and refinance loans vehicles as well as fixed depots.
Bajaj Finance Limited is proud to hold the highest FAAA / Stable credit rating for any NBFC in the country today. It is also the only NBFC in India with the international “BBB” with a stable long-term outlook, by S&P Global Rating.
* Baths and conditions of application
For more information, please visit Bajaj Finserv
This story is provided by NewsView. ANI will not be responsible for the content of this article in any way.
(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)