Home Loan EMI Calculator

BAJAJ FINSERV Home Loan

1. HOME LOAN ELIGIBILITY

• Nationality: Indian citizens residing in India are eligible.

• Age Criteria:

• Salaried applicants: 23 to 70 years (age at loan maturity).

• Self-employed individuals: 23 to 70 years (age at loan maturity).

• CIBIL Score: A minimum score of 725 is recommended for approval.

• Occupation: Open to salaried employees, self-employed individuals, and professionals.

2. HOME LOAN CHARGES

• Processing Fees: Up to 7% of the sanctioned loan amount.

• Bounce Charges:

• Loan up to Rs. 15 lakhs: Rs. 500.

• Rs. 15,00,001 to Rs. 50,00,000: Rs. 1,000 to Rs. 1,500.

• Above Rs. 50 lakhs: Rs. 2,000 to Rs. 10,000, based on the loan amount.

• Penal Interest: Up to 24% p.a. on overdue amounts in addition to the applicable interest rate.

• Foreclosure Charges: NIL for individual borrowers with floating interest rates.

• Part-Prepayment Charges: NIL.

• Hard Copy Statement Charges: Rs. 500 + GST per request.

3. HOME LOAN INTEREST RATES

• Interest rates start at 8.50% p.a. for salaried applicants.

• Self-employed professionals and doctors may have rates tailored up to 15.00% p.a..

• Opt for externally benchmarked interest rates linked to market conditions, like the repo rate.

To estimate your EMIs accurately, you can use the HouseGyan Home Loan Calculator for instant results.

4. DOCUMENTS REQUIRED FOR HOME LOAN

Personal Identification:

• KYC Documents (Aadhar Card, PAN Card, Passport, or Voter ID).

Income Proof:

• Salaried Applicants: Recent salary slips and Form 16.

• Self-Employed Applicants: Profit & Loss statements, business registration proof, and IT returns for the last three years.

Financial Documents:

• Account statements for the last six months.

Additional Requirements:

• Business proof for self-employed individuals.

• Any other documents requested during the loan process.

5. FEATURES & BENEFITS OF HOME LOAN

• High Loan Amount: Borrow up to Rs. 15 crore* to fund your dream home.

• Competitive Interest Rates: Low EMIs starting at Rs. 733 per lakh*.

• Quick Approvals: Loan approval within 48 hours*.

• Flexible Tenure: Repayment options up to 40 years for easy management.

• No Foreclosure Fees: Free foreclosure and part-prepayment for floating rate loans.

• Balance Transfer Facility: Transfer your existing loan and avail of top-up loans of up to Rs. 1 crore*.

• Simplified Application: Doorstep document collection ensures a seamless process.

Wide Network: Access over 5,000 approved projects for fast processing.