Bajaj Housing Finance slashes home loan interest rates to 6.65%

 Bajaj Housing Finance, a wholly owned subsidiary of Bajaj Finance, today unveiled a new festive offer, with house loans beginning at 6.65% p.a. The HFC is the first in the sector to provide qualifying borrowers the option of linking their home loan interest rates to the RBI repo rate, allowing them to take advantage of any rate reductions by the central bank. Applicants must meet the following requirements to be eligible for the offer:

1. Should either be a salaried employee, a doctor, or a CA

Salaried applicants should have a minimum of three years of experience working for a public or private sector company, or a multinational. Doctors with an MBBS or higher degree who have worked for at least three years in either a hospital or a certified healthcare provider or in their own practise are also qualified. This offer is also available to CAs with a valid Certificate of Practice and three years of post-qualification experience.

2. Should have a CIBIL score of 800 or higher

The new interest rate of 6.65 percent p.a. is only available to candidates who have a strong credit history and a CIBIL score of 800 or higher. Those with a strong credit score of 750 to 799 may qualify for a competitive interest rate that is only slightly higher. Applicants should be aware that their CIBIL score is one of the variables taken into account when determining eligibility.

3. Should apply through the lender’s official website by January 26, 2022

Only individuals who apply on the official Bajaj Housing Finance website between December 28, 2021 and January 26, 2022, and get loans by February 25, 2022, are eligible.

Key Features of the Bajaj Housing Finance Home Loan

  • Eligible borrowers can get loans worth up to Rs. 5 crore or even more.
  • Borrowers who already have a home loan can transfer the remaining balance to Bajaj Housing Finance and take advantage of the festive offer, as well as a large top-up loan of Rs. 1 crore or more.
  • External benchmark linked house loans allow borrowers to tie their floating interest rates to an external benchmark, such as the RBI repo rate.
  • Borrowers also have a variety of repayment options, including the ability to set a repayment term of up to 30 years.
  • Those who qualify for the PMAY scheme can get up to a 6.50 percent interest subsidy.
  • Individual borrowers with floating-rate mortgages can prepay or foreclose their loans without incurring any additional fees.
  • Customers can also use their online customer site to download SOAs, pay advance or missed EMIs, and check their repayment plan.
  • Borrowers can take advantage of the most favourable conditions on over 5,000 projects that have been approved.

The company's stock increased by Rs 15.55, or 0.23 percent, to Rs 6,904.85. At the BSE, a total of 31,560 shares were traded (Tuesday).

Conclusion

There's no need to be discouraged if your personal loan application is turned down. To boost your chances of loan approval, simply work on improving your credit report and following the methods outlined above. Once you've completed this checklist, you're ready to submit your personal loan application.To find about the best pricing and deals, call our toll-free number +91-9477079053. They'll help you in every way they can. Please contact me at Best Home Loan In India if you have any more.

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