Known for its palaces, forts, museums and textiles, Jaipur is evolving into a top real estate destination with areas like Delhi NCR bursting at its seams. Further, as per the India Brand Equity Foundation’s (IBEF) 2018 report, this city has witnessed significant real estate development. It boasts of upcoming localities like Mansarovar, Bank Park, Durgapura and Patrakar Colony that offer modern infrastructure, good connectivity and a wide range of amenities.
Buying a house in Jaipur anywhere between Rs.20 Lakh and Rs.2.5 Crore, so to affordably, consider a Home Loan in Jaipur from Bajaj Finserv. This home loan gives you ample financing of up to Rs.3.5 crore, for a tenor of up to 20 years. Take a look at the other advantages of opting for this housing loan.
Below are the features and benefits that are available to you when you opt for a Bajaj Finserv Home Loan.
When you take a Home Loan from Bajaj Finserv you can avail a subsidy of up to Rs.2.67 lakh if you opt for the PM Awas Yojana. This government scheme is open to first-time homebuyers and offers great savings courtesy of its Credit Linked Subsidy Scheme (CLSS).
A balance transfer helps you refinance an existing home loan at a lower rate of interest. Since Bajaj Finserv offers you a cost-effective housing loan interest rate, you can make repayment affordable by opting for a balance transfer. With minimal documentation and speedy processing, you can enjoy this facility quickly.
Here you can get additional funding of up to Rs.50 lakh. This home loan top up is made available at a nominal rate of interest, sans extra documentation. You can use it as you see fit, whether it is to refurbish your interiors or pay for a wedding.
Bajaj Finserv helps you make repayment more convenient by allowing you to part-prepay and foreclose your loan without paying an extra charge. This facility applies to individual borrowers who opt for floating interest rate home loans. By making use of this option you can reduce your total interest outgo significantly.
Bajaj Finserv offers you a repayment window of up to 240 months so you can repay the loan over a tenor that you’re comfortable with. The longer the tenor, the smaller your EMIs will be. However, it’s best to choose a short tenor to keep your total loan expenditure within check.
By ensuring that the documents required for a home loan are minimal, Bajaj Finserv allows you to access home financing quickly.
Bajaj Finserv offers some of the most competitive home loan interest rates in the country. A lower rate translates into smaller EMIs and lower total expenditure. You can choose to take either a fixed or a floating interest rate home loan. To understand the rate for different types of borrowers and interest rates, as well as the additional charges, take a look at the following table.
|Type of interest||Amount|
|Promotional rate of interest (for salaried borrowers)||8.80% (up to Rs.30 lakh)|
|Fixed rate interest for salaried borrowers||9.05% to 10.30%|
|Fixed rate interest for self-employed borrowers||9.35% to 11.15%|
|Floating rate interest for salaried and self-employed borrowers||20.90%|
|Type of charge||Amount|
|Foreclosure fees for fixed rate home loans||4% + taxes|
|Part-prepayment fees for fixed rate home loans||2% + taxes|
|Processing fees||Up to 0.80% for salaried individuals and up to 1.20% for self-employed individuals|
|Loan statement charges||Rs.50|
|Interest and principal statement charges||Nil|
|EMI bounce charge||Rs.3,000 per bounce|
|Penal interest||2% per month + applicable taxes|
|Secure fee||Rs.9,999 (payable once)|
|Mortgage origination fee||Rs.1,999 (non-refundable)|
Lenders set home loan eligibility terms so as to screen applicants on the basis of their repayment capabilities. Typically, home loan eligibility criteria differ depending on whether you are salaried or self-employed and also depend on the lender you pick. The eligibility terms set by Bajaj Finserv are simple, as follows.
|Citizenship for salaried and self-employed applicants||Indian|
|Age||Salaried: 23 to 62 years
Self-employed: 25 to 70 years
|Work experience||Salaried: Minimum 3 years
Self-employed: Minimum 5 years
A home loan calculator is an online tool that you can use to determine your EMIs, so that you can plan for repayment beforehand. On entering the principal, tenor and housing loan interest rate, the calculator tells you your EMI as well as your total interest outgo. For instance, if you take a loan of Rs.60 lakh for 200 months at an interest rate of 10%, your EMIs will amount to Rs.61,742 and your total interest payment will be Rs.63,48,638.
When applying for a home loan, remember to keep basic documents handy as these are required to prove your eligibility. Moreover, submitting documentation quickly will ensure that there are no delays in loan processing.
Here’s a basic home loan documents that you must submit when you apply for a Bajaj Finserv Home Loan.
Below is the procedure to apply for a home loan online.
To apply offline, send an SMS containing ‘HLCI’ to 9773633633. A Bajaj Finserv representative will communicate your pre-approved offer to you. Optionally, visit your nearest Bajaj Finserv branch to apply in person.
Now that you know what makes Bajaj Finserv’s Home Loan in Jaipur outstanding, avail the funding you need to buy the home you’ve always dreamt of. To hasten access to home loan financing, check your pre-approved loan offer before applying. Doing so gives you instant approval through a tailored deal.
New and existing customers can contact with Bajaj Finserv 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. Click here to find out the address of your nearest branch.
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 visit us at: https://www.bajajfinserv.in/reach-us
You can apply for a Home Loan from Bajaj Finserv using one of the two modes mentioned below:
To apply for a Home Loan in Jaipur online, fill this online application form, and use our eligibility calculator to evaluate your loan offer
You can call us on 1-800-209-4151 and our representative will get in touch with you
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