Hassle-free and time saving, Bajaj Housing Finance E-Home Loans are designed to fulfil all your mortgage needs online – be it buying your first home or refinancing the current home loan. E-Home Loans are not only fully digital but also offer faster approvals and a host of other additional benefits.
Customers can now avail a quick approval of their Home Loan. This assures the customer of a sanctioned loan amount that will be disbursed within a validity period. Not only does this provide a clarity of budget but makes the entire process safe, fast and convenient.
Here's a look at the 4-step journey of an E-Home Loan.
Complete an online loan application form by filling your (personal/professional/property) details.
The loan application is validated post which the loan offer is generated.
Download a Digital Sanction Letter by paying a nominal fee. The sanction letter comes with a validity of 6 months.
Connect with us on firstname.lastname@example.org within the 6-month validity period to avail the loan.
Get an online Home Loan Digital Sanction Letter in just 10 minutes* of applying for an E-Home Loan.
The Digital Sanction Letter is valid for 180 days of applying. You can submit the sanction letter any time during the validity period and avail the loan.
No more tedious processes or paperwork. With an end-to-end online process, an E-Home Loan lets you complete all the loan formalities from the comfort of your home.
Reduce your Home Loan EMIs by transferring your existing Home Loan to Bajaj Housing Finance at a lower interest rate with minimal documentation.
Bajaj Housing Finance Limited is a Primary Lending Institution registered with Central Nodal Agency. Get a subsidy of up to 6.5% on the interest rate on your home loan, when you apply through the Pradhan Mantri Awas Yojana
No charges on online part-prepayment or foreclosure of your home loan.
Flexible tenors ranging up to 30 years, for easier repayment.
Manage your home loan account through our digital customer portal, where you can access your loan details from anywhere, any time.
Borrowers can also refinance their existing home loans by availing an E-balance transfer facility from Bajaj Housing Finance Limited.
A Home Loan digital sanction letter serves as a document confirming the approval and sanction of your mortgage loan. It carries all necessary details regarding the loan amount approved, the repayment tenor, etc
A Home Loan digital sanction letter comes with a validity period within which Bajaj Housing Finance Limited disburses the loan amount.
A Home Loan digital sanction letter from Bajaj Housing Finance Limited comes with a validity extending up to 6 months or 180 days. Once the sanction letter is issued, submit it to us any time within the validity period and receive quick E-Home Loan disbursal.
The documents required for an E-Home Loan include OVDs for KYC as identity and address proof. Self-employed applicants must submit financial statements of the business for the last 2 years and documents supporting proof of business existence and 5 years’ vintage.
Submit your latest salary slips/Form 16 and bank account statements for 6 previous months if you are a salaried applicant.
Borrowers can avail an E-Home Loan for a tenor extending up to 30 years. Opt for a suitable tenor and repay the loan conveniently. Utilise an Home Loan EMI calculator to choose an appropriate tenor to make EMIs affordable.
You can get a digital sanction letter for a Home Loan in just 10 minutes after your application. Post verification of your online loan application with Bajaj Housing Finance Limited, you can download the digital sanction letter within minutes against a nominal fee payment.
You only need to pay a nominal charge to download the Home Loan digital sanction letter once it is issued after loan approval. Bajaj Housing Finance Limited also keeps other fees and charges nominal and makes the loan affordable. Foreclosure and part-prepayment attract nil charges for individual borrowers availing the loan at a floating interest rate.
Yes, the benefits of Pradhan Mantri Awas Yojana are applicable to an E-Home Loan as well. Bajaj Housing Finance Limited’s registration with a Central Nodal Agency ensures eligible borrowers get the PMAY subsidy of up to 6.5% on the payable interest. Apply on the Pradhan Mantri Awas Yojana portal to avail the subsidy.
Yes, you can transfer your existing E-Home Loan balance to another lender through a simple application procedure. Avail the E-balance transfer facility to transfer your Home Loan to Bajaj Housing Finance Limited at lower interest rates.