Bajaj Finserv in your city
The commercial capital of Madhya Pradesh, Indore, is Central India’s largest metropolitan city. This city is a commercial centre for goods and services and harbours several important industries.
Indore has been crowned as the cleanest city in India for four consecutive years. Besides being a commercial hub, the city also hosts multiple tourist attractions, including, Lalbagh Palace, Central Museum of Indore, Ralamandal Wildlife Sanctuary, Annapurna Temple, Patalpani Waterfall, etc.
Meet your housing need in this rapidly developing commercial city with home loans in India. We currently have a branch here. Visit our branch in Indore or apply online to meet your housing requirement.
Features and benefits of a home loan in Indore
Apply for a Bajaj Finserv Home Loan in Indore for a competitive interest rate, sizeable loan amount, and hassle-free processing, among a range of other benefits.
Interest rate starting 8.60%*
Ensure affordability with our competitive interest rates. At present, our offering starts with a home loan EMI of only Rs. 776/Lakh*.
Funding of Rs. 5 Crore*
The quantum of funding required is a never a problem with us. Eligible candidates can avail of high loan amounts to fund their dream home.
Repayment tenor of 30 years
Choose a repayment tenor as per your affordability. Use our home loan EMI calculator to know which tenor is suitable for you.
Top-up of Rs. 1 Crore*
Avail of a sizeable top-up loan when you transfer your home loan to us. What’s more, you can us the amount for any financial need of your choice.
Disbursal in 48 Hours*
Our home loans are designed to offer the most stress-free experience. In line with this, the loan amount is credited soon after verification.
Online account management
Use our customer portal to download SOAs, complete transaction, and much more, and enjoy a hassle-free experience throughout your tenor.
Zero prepayment and foreclosure charges
Individuals with a floating interest rate home loan face no prepayment or foreclosure charges if they choose to close their loan earlier than the agreed to time frame.
Customised repayment options
Enjoy tailored repayment options to suit your needs, such as EMI holidays, on certain projects, as per eligibility.
External benchmark linked loans
Avail of a home loan linked to external benchmarks, such as the repo rate, and make the most of market trends when the rates are on a decline.
We strive to offer the optimum experience through processing and beyond. Our eligibility criteria are simple and documentation requirements are minimal.
Interest subsidy under PMAY**
Applicants eligible under the Pradhan Mantri Awas Yojana (PMAY) can avail of an interest subsidy when applying for a home loan with us.
Home loan eligibility criteria
Our home loan eligibility criteria are simple. Applicants can avail of a home loan in Indore from Bajaj Finserv if they meet the below conditions.
23 to 62 years (salaried)
25 to 70 years (self-employed)
3 years (salaried)
5 years of vintage with the current enterprise (self-employed)
Minimum monthly income
Rs. 30,000 to Rs. 50,000, depending on the city of residence and age (salaried)
Rs. 30,000 to Rs. 40,000, depending on the city of residence and age (self-employed)
***The upper age limit is considered as age at the time of loan maturity
It’s important you assess your eligibility on the mentioned parameters for hassle-free processing. You can also use the home loan eligibility calculator, which will help you make an informed decision. Get an estimate of the loan amount you are eligible for with the online tool so you can arrange for down payment accordingly.
How to apply for home loan?
Apply for a home loan either offline or online. To apply through our website, follow the below steps.
- 1 Fill the online application form by entering your name, mobile number, and occupation details
- 2 Proceed to verify your contact number with an OTP
- 3 Once done, you will need to enter a few other details, including your income, the loan amount required, and the property, if finalized
- 4 On the next page, enter your date of birth, Pan Card, employment details, email IDs, and current obligations
Once you submit the form, our representative will give you a call in 48 hours* and walk you through the next steps. Alternatively, apply for a home loan offline by simply visiting the nearest Bajaj Finserv branch. You can also SMS ‘HLCI’ to 9773633633 to apply for the loan.
Home loan interest rates, fees, and charges
We offer housing loans in Indore at competitive home loan interest rates. Also, we do not levy any hidden charge and maintain transparency when it comes to additional charges.
Frequently asked questions
You can apply for a Home Loan in Indore offline in two simple ways. You can either apply via an SMS or by simply visiting the nearest Bajaj Finserv branch.
Home loan borrowers who opt for a balance transfer facility are eligible for a top up loan over and above their existing loan amount. You can avail it through simple documentation and at a low-interest rate.
Bajaj Finserv does not levy any foreclosure or part-payment charge on home loans with a floating interest rate.
To obtain a Bajaj Finserv Home Loan, submit the following documents:
- Address proof
- Income proof
- Identity proof
- Form 16
- Salary slip
- Proof of business
- Bank account statements
- Property documents