Home Loan: Features and Benefits
Home Loan +
A unique offering to customers who are buying ready to occupy property. While we fund your dream home we also understand that you need to spend on the fixtures and fittings to make the place yours. As a part of the overall package, we at Bajaj Finserv offer you an additional amount for Furnishings & Fixtures (subject to eligibility) exclusively for this purpose, making this the best home loan available on the market.
With the Home Loan+ Facility, you would not have to worry about applying for a separate Personal Loan or a Home Improvement Loan either. Spend the time on making your house, your home, rather than on documents. Learn more about Home Loan eligibility and documents and apply home loan online
Home Loan Balance Transfer
If you’re unhappy with your current Home Loan plan, you can switch to Bajaj Finserv and avail of our numerous advantages like Online Application Process, Instant Online Approval, Minimum Documentation, Additional Top loan at attractive rates, No Hidden charges, Customised Insurance Schemes, and Online Account Access. We also offer facilities like NIL Part Pre-Payment charges, NIL Foreclosure charges, and 3 EMI Holiday.
The online Home Loan Balance Transfer from other banks can be disbursed in less than 4 days with minimal documentation.
If you opt for a Home Loan Balance Transfer at Bajaj Finserv, you can also get a Top-up Loan at a minimal rate of interest. This loan amount can be used as per your discretion, be it for a home improvement project or on a holiday.
If you have purchased your property within the last 12 months with your own funds, you can avail of our refinance option and take a housing loan up to the registered value of your property.
Part prepayment facility
You can prepay any amount. However the prepayment transaction should not be less than the total amount of 3 EMIs. There is no limit on the maximum amount. This is subject to you clearing your first EMI. You need not give cheques / DD / come to branch since now you can also prepay sitting at your home / office through our Online Customer Portal – Experia. You can calculate the part prepayment amount using our Home Loan part pre-payment calculator and calculate your savings instantly. The best part is that we don’t charge any Part Pre-payment penalty if you choose to avail of this facility.
Nil foreclosure charges
You get the option to foreclose your Home Loan anytime during your loan tenure. Use our Home Loan foreclosure calculator for this purpose. Bajaj Finserv will not charge any foreclosure charges.
Flexi Loan account is an Industry first facility extended by Bajaj Finserv. The advantage of the product is that you can pre-pay and drawdown money within the drop-line facility using a self-service process, which is easy and hassle-free. Once you avail the Flexi facility, you stand to benefit by saving interest cost by pre-paying any additional / idle funds that you may have, without any interest being levied on the part-paid amount.
Flexi Loans offers many benefits over an existing Term Loan:
- You have the flexibility to pre-pay the loan with idle funds.
- You can re-avail the pre-paid amount within the drop-line facility at any time within the loan tenor timeframe without any additional documentation.
- You save on Interest costs – Interest is payable only on the utilized loan amount. There is no interest levied on the pre-paid amount.
- Seamless, easy, hassle-free online transactions on the Bajaj internet portal– Experia, the self-service account access tool for drawdown and RTGS that allows you to make pre-payments to BFL through Net banking facility.
3 EMI Holiday
Bajaj Finserv focuses on the ease of repayment through multiple flexible options that make it easier for the customer to repay their loans. A 3-month EMI grace period will help manage/plan monthly expenses and give a cushion to the customer to plan his finances.
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Online account access
Once you’ve availed a Home Loan from Bajaj Finserv, you can get all the information about your housing loan like payment schedule, interest certificate, repayment track and key information related to your loans through our Home Loan digital customer portal.
Customised Insurance Schemes
HDFC Life Group Credit Protect Plus is a tailor made insurance policy, which protects the families of the insured members from the burden of repaying the outstanding loan to the financial institute in the event death or critical Illness
|Complete Health Protection for an Individual. Get tax benefit.|
|Insure your family against expensive treatment costs. Get tax benefit.|
|Critical Illness||Keep yourself covered in the hour of crisis against critical diseases.|
Cover as loan protection which might arise out of unfortunate incident such as critical illness,
Accidental Injuries or loss of employment
|My Home||Complete security for your property and contents in a single policy.|
Life is Uncertain, Your Future doesn't have to be. The accidental Death or injury of a breadwinner can create serious financial problems for the family.
Our Personal accident insurance policy ensures total security and peace of mind.
Property Dossier is another industry first value added service offered to Mortgage customers of Bajaj Finserv. Property Dossier is a customized report that guides the customer through all the legal and technical aspects of owning a property in a simple and crisp manner. It also covers general property knowledge tips as well as all macro factors like property index of the city, important property tips etc
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Property Search Services
Searching for the perfect property is a task that requires guidance, at each step. We want to ensure that you get the best possible assistance right from search to purchase. Click here for details.