Bajaj Finserv

Product Details

Bank Name

Bajaj Finserv

Maximum Loan Tenure

30 years

Maximum Loan Amount

10 crore

Interest Rate

8.70% onwards

Type

Floating

Down Payment

one need to make a down payment amounting to 10-20% of the property purchase price. Typically, you can obtain up to 80% housing loan financing for your property.

Fees and Charges

Processing fees: upto 7% of the loan amount
Loan statement charges: NIL
Interest and principal statement charges: NIL
EMI bounce charges: Rs. 3,000
Penal interest: Up to 2% penal interest
Secure fee: Up to Rs. 4,999 (one time)

Minimum CIBIL Score

750

Down Payment and Fees

Bajaj Finserv Home Loan

Special Features

Loan disbursal within 72 hours

Eligibility Criteria

For Salaried Should be a resident of India Should be between 23 and 62 years of age Should have a work experience of 3 years or more The eligible net salary and property value are given in the table below: Cities: Delhi, Faridabad, Ghaziabad, Gurugram, Mumbai, Navi Mumbai, Noida, Thane Min. Net Salary/Month: Rs. 30,000 Min. Property Value: Rs. 15 Lakh Cities: Ahmedabad, Aurangabad, Bangalore, Baroda, Bhopal, Bhubaneshwar, Chennai, Calicut, Chandigarh, Cochin, Coimbatore, Goa, Hyderabad, Indore, Jaipur, Jamnagar, Jodhpur, Kolhapur, Kolkata, Lucknow, Madurai, Mysore, Nagpur, Nasik, Pune, Rajkot Surat, Tiruchirappalli, Trivandrum, Vapi, Vijayawada, Vizag Min. Net Salary/Month: Rs. 25,000 Min. Property Value: Rs. 15 Lakh For Self Employed Should be an Indian resident Should be between 25-70 years of age Should have at least 5 years of continuity in the current business

Special Concession

Women can avail special concession

Home Saver Option

Yes

Features, Eligibility and Concession

Pros

1. disbursal in 48 hours 2. Zero prepayment and foreclosure charges 3. hassle free processing

Cons

only floating rates are offered

Pros & Cons

Application Procedure

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