Bajaj Housing Finance extends validity of festive home loan interest rate

 Bajaj Housing Finance Limited, a wholly owned subsidiary of Bajaj Finance Limited, has announced that its festive offer has been extended. The lender's holiday home loan interest rate, which starts at 6.65% p.a. and lasts through February 28, 2022, is now valid for eligible applicants who apply through the official website.

The HFC also offers a feature that allows applicants to link their house loan interest rate to an external benchmark, such as the RBI Repo Rate, in an industry-first move. Borrowers that take advantage of this feature will be eligible for future rate reductions as well as total transparency in the rate setting process.

Offer Eligibility and Terms

Individuals or professionals who are salaried are eligible to apply (Doctors and CAs)

This festive offer is open to salaried individuals, doctors, and accountants. Salaried applicants must have at least three years of experience working for a public or private sector enterprise, or a multinational organisation. To be eligible, doctors with an MBBS or higher certification must have worked for at least three years for a licenced healthcare provider or in their own practise. To be eligible for this offer, CAs must have a current Certificate of Practice and three years of post-qualification experience.

Only those with a CIBIL score of 800 or higher are eligible.

Those with a strong credit background and a CIBIL score of 800 or higher are eligible for Bajaj Housing Finance's seasonal offer. Those with a CIBIL score of 750 to 799, which is only slightly higher than 6.65 percent, can also take advantage of the lender's affordable house loan interest rates.

Online Home Loan Applications are the only way to apply for a loan.

Only home loan applications submitted through the official Bajaj Housing Finance website are eligible for the offer. Only applications that are submitted by February 28, 2022 and loans that are disbursed by March 31, 2022 are eligible.

Both new home loans and balance transfers are eligible.

The offer is available to anyone searching for a new house loan as well as those looking to transfer an existing home loan from another lender.

Key Benefits

On the basis of criteria, applicants may be eligible for a large loan sanction of Rs. 5 crore or more.

Interested borrowers can use the lender's Home Loan Balance Transfer service to refinance their home loan balance at a lower interest rate. A top-up loan of Rs. 1 crore or more is also available, subject to qualifying.

Applicants can use the lender's Online Home Loans platform to complete a digital home loan application that is quick and easy, and obtain a Digital Sanction Letter in 10 minutes.

Borrowers with variable interest rates can tie their mortgage to a third-party benchmark, such as the RBI Repo Rate.

Borrowers can choose from a variety of flexible repayment options offered by the lender, as well as a loan term of up to 30 years.

Individual borrowers with a variable interest home loan can make part-payments or foreclose their loan without incurring any additional fees.

Applicants who are eligible for PMAY benefits can get interest subsidies of up to 6.50 percent.

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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