Loan Details

Bank Name

Bajaj Housing Finance

Maximum Loan Tenure

40 years.

Maximum Loan Amount

15 crore

Interest Rate

Starting from 8.50%

Type

Floating

Down Payment

Max 80% of the property value for laons above Rs. 30 lakh

Fees and Charges

Processing Fee: Up to 7% of the loan amount
Penal Interest: Up to 2%
Secure Fee: Up to Rs. 9,999 (one time)
Prepayment Charges: Nil.

Minimum CIBIL Score

Not specified.

Down Payment and Fees

Bajaj Housing Finance Limited Home Loan

Special Features

Loan disbursal within 72 Hours.

Eligibility Criteria

The applicant must be employed with a stable source of salaried income from a public, private or multinational company with a minimum 3 years of work experience
The applicant must be self-employed with a business continuity of over 5 years in the current enterprise
He/she must be between 23 and 75 years** of age
He/she must be an Indian (including NRIs)He/she must be an Indian (resident only)

Special Concession

Yes, for woman and gov employees

Home Saver Option

No.

Features, Eligibility and Concession

Pros

1. Flexibility to use funds for any purpose. 2. Minimal documentation and fast processing. 3. Eligibility for tax benefits under Section 80C and Section 24 of Income Tax Act.

Cons

offers floating rates only

Pros & Cons

Application Procedure

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