Home Loan in Delhi, Avail Housing Loan up to ₹ 3.5 Crore

Home Loan in Delhi: Overview

Delhi, the capital of India, is amongst the most sought-after cities to live in owing to the many top-notch educational institutions and medical facilities available here. Moreover, the city offers myriad lucrative job opportunities as well as shopping and entertainment avenues.

When you want to settle down in the city that houses some of India’s greatest historical monuments, make the process incredibly simple and affordably by choosing Bajaj Finserv’s Home Loan in Delhi. To know more about the home loan and its numerous benefits, keep reading.

Delhi Home Loan: Features & Benefits

PMAY

The Pradhan Mantri Awas Yojana, in combination with this home loan, can help you reduce your home loan interest rate to 6.93% and save up to Rs.2.67 lakh!
Home Loan Balance Transfer

If you already have a home loan with a high interest rate, you can transfer home loan balance to Bajaj Finserv in a hassle-free manner and enjoy low interest rates as well as other beneficial features.
Top-up Loan

Enjoy a Top-up Loan up to Rs. 50 lakh, over and above your Bajaj Finserv Home Loan at low interest rates. You can use the amount as you deem fit and apply for the top up loan without any additional documentation.
Part-prepayment and Foreclosure Facility

You can reduce your EMIs significantly by making part-prepayments towards the loan’s principal, as it reduces the interest due. To make it easier for you to part-prepay or foreclose your loan, Bajaj Finserv levies no charges on these facilities.
Flexible Tenor

Repay your home loans comfortably by selecting a tenor of up to 20 years as per your repayment capability.
Minimal Documentation

Bajaj Finserv allows you to apply its Home Loans by submitting just a few, basic documents that attest to your eligibility. This helps cut down on the loan processing and disbursal time.

Home loan Interest Rate, Fees & Charges

You don’t have to worry about depleting your savings or bearing undue financial stress when you take a Bajaj Finserv Home Loan because the housing loan interest rate is minimal. Moreover, there are no hidden charges and you can use the various tax benefits applicable to you as per the Income Tax Act to further increase your savings.

Take a closer look at the interest rate and fees applicable when you opt for a Bajaj Finserv Home Loan.

Types of interest rate	Interest rate applicable
Regular interest rate (for salaried borrowers)	9.05% to 10.30%
Regular interest rate (for self-employed borrowers)	9.35% to 11.15%
Promotional interest rate (for salaried borrowers)	8.60% onwards for a loan of up to Rs.30 lakh
Bajaj Finance Limited floating reference rate for salaried applicants	20.90%
Bajaj Finance Limited floating reference rate for self-employed applicants	20.90%

Type of charge	Amount applicable
Processing fees (for salaried borrowers)	Up to 0.80%
Processing fees (for self-employed borrowers)	Up to 1.20%
Penal interest	2% monthly + taxes
Loan statement charges	Rs.50
Secure fee (one-time)	Rs.9,999
Mortgage origination fee (Non-refundable)	Rs.1,999
Principal and interest statement charges	Nil
EMI bounce charges	Rs.3,000

Home Loan Eligibility Criteria

Bajaj Finserv has easy-to-meet home loan eligibility criteria that reduce the turn-around time when you apply. Moreover, basic criteria for home loan eligibility ensure that more people can access a home loan in Delhi easily.

Criteria	For salaried applicants	For self-employed applicants
Nationality	Indian	Indian
Age	23 to 62 years	25 to 70 years
Minimum work experience/ business continuity	3 years	5 years
Minimum monthly salary	Rs.30,000
Minimum property value	Rs.15 lakh

Calculate Home Loan EMI

If you are a salaried individual then you can avail a loan of up to Rs.3.5 crore, and if you’re self-employed, you can get up to Rs.5 crore. However, before you borrow, it’s important to determine EMIs and the total interest payable to evaluate the loan’s affordability. You can do so simply by using a home loan calculator. Enter your desired loan amount, interest rate and tenor, and the calculator will show you the EMI, total interest, and total amount due. You can use this information to pick a tenor and principal amount that align with your needs and budget.

Documents Required for Home Loan

Bajaj Finserv requires only a few, basic documents to process your loan application. Take a look at what they are.

KYC documents
Identity proof
Address proof
Business proof of at least 5 years if you’re self-employed
Bank account statements of the past 6 months
Latest salary slips or Form 16
Photograph

How to Apply for Home Loan

Bajaj Finserv makes it extremely easy to apply for a home loan in Delhi. Simply send ‘HLCI’ to 9773633633 or follow these steps to apply online.

Visit and provide the necessary information like your employment, financial, and personal details
Next, furnish details about your property
Pay the secure fee and book an available offer
A relationship manager will contact you after which you can submit the documents and pay the necessary fees. Remember that you can even scan and upload the documents online

When you’re ready to apply, do not forget to check your pre-approved offer as it allows you to access your home loan even quicker. Simply enter your name and contact number and apply for a Bajaj Finserv Home Loan in Delhi through a customised offer.