Home Loan: Features and Benefits
Home Loan +
A unique offering to our home loan 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 a separate amount exclusively for this purpose.
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.
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 loan up to the registered value of your property.
Part prepayment facility
You can prepay any amount. However the prepay transaction should not be less than the total amount of 3 EMIs. There is no limit on the maximum amount. This is subject to your 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.
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 free months
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 information about your 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
Group credit protection plus from Bajaj Allianz
Non-Medical Loan & Life Insurance of up to Rs. 300 Lakh Level term Plan, which means you are covered for the complete amount despite reduction/prepayment of the loan amount. Coverage for the complete tenure of the loan up to a maximum of 30 years.
Bajaj Allianz SFSP policy
Bajaj Allianz’ SFSP Policy offers a comprehensive insurance cover for your home (i.e. residential building) against various contingencies to ensure that your prized possession is always safe!
Star health package Policy
Bajaj Allianz Star Health Policy covers up to 5 Lakh and the benefits are payable for each day of hospitalization which gets doubled in case of ICU admission. Moreover, the premiums paid get income tax benefit up to Rs. 15,000.
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.