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.
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!
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.
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.
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.
Repay your home loans comfortably by selecting a tenor of up to 20 years as per your repayment capability.
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.
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 |
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 |
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.
Bajaj Finserv requires only a few, basic documents to process your loan application. Take a look at what they are.
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.
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.
New and existing customers can contact with Bajaj Finance customer care for all queries related to our home loans.
1. For new customers
we have a calling line set up at 1800-103-3535.
You can also visit any of our branches.
just SMS "HOME" to 9773633633 and our representative shall get back to you.
2. For existing customers,
we are available at 020-39574151 (call charges applicable).
You can also write to us at: wecare@bajajfinserv.in
