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.
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.
|Type of interest||Amount|
|Promotional rate of interest (for salaried borrowers)||6.75%* (up to Rs.30 lakh)|
|Fixed rate interest for salaried borrowers||6.75%* to 10.30%|
|Fixed rate interest for self-employed borrowers||6.75%* 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
The current lowest interest rate on housing loan in jaipur by bajaj finserv for salaried customers is 6.75%*.
You can get a home loan in Jaipur anywhere between Rs.20 Lakh and Rs.3.5 Crore* from Bajaj Finserv.
You can apply online for a housing loan in Jaipur with minimum documentation & instant approval by submitting an online home loan application at Bajaj Finserv.
The minimum monthly salary to apply for a home loan in Jaipur is ₹ 25,000. However, The income criteria to get a home loan depend on many factors such as your salary, current age, credit score, and other monthly financial obligations.
New and existing customers can contact with Bajaj Finserv customer care for all queries related to our home loans.
1. For new customers