Home Loan In Jaipur

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.

• Jaipur Home Loan: Features & Benefits
  
  

  Below are the features and benefits that are available to you when you opt for a Bajaj Finserv Home Loan.

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  PMAY

  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).

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  Home Loan Balance Transfer

  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. 

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  Top-up Loan

  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.

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  Part-prepayment and Foreclosure Facility

  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.

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  Flexible Tenure

  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.

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  Minimal Documentation

  By ensuring that the documents required for a home loan are minimal, Bajaj Finserv allows you to access home financing quickly.

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.

Eligibility Criteria	Requirement
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
Minimum salary	Rs.25,000

Calculate Home Loan EMI

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.

Documents Required for Home Loan

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.

• KYC documents
• Proof of address and identity
• Photograph
• Form 16 (or latest salary slips)
• Bank account statements of the last 6 months
• Proof of business continuity for a minimum of 5 years (if you are self-employed)

How to Apply for a Home Loan

Below is the procedure to apply for a home loan online.

• Access the home loan application form online
• Enter in your personal, financial and employment details
• Use the home loan eligibility calculator and EMI calculator to determine loan parameters
• Provide property details
• Pay an online secure fee to book an available offer
• Wait for a relationship manager to contact you after which you can scan and upload your documents for verification

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.