Kolkata, the third most productive metro of the country, is also a cultural, financial, and commercial hub. Once the capital of British India, Kolkata now houses India’s second largest stock exchange and the oldest operating port of the country. These factors contribute to the bustling economy of the city that has witnessed an influx of people, and in turn a rising demand for housing.
If you are looking to buy your own home in Kolkata, now is the best time to do so as the property rates are at a low, following a 12% decrease in 2018: a first in 7 years. Moreover, lenders like Bajaj Finserv make it extremely convenient for you to fund a home purchase by giving you access to an affordable Home Loan. Here’s more about what the Bajaj Finserv Home Loan in Kolkata has to offer.
Bajaj Finserv also offers a Top-Up Loan of up to Rs.50 lakh over and above your Home Loan. With no additional documentation required, a top up loan helps you fund a range of needs whether it’s home renovation or paying for your children’s higher education. Not only is the loan affordable, it also doesn’t require any extra documentation.
To help you clear your dues before the tenor ends, Bajaj Finserv allows you to foreclose or make part-prepayments towards your home loan at no extra charge. The only thing to keep in mind is that you can avail this facility after you have paid the first EMI.
You can repay your loan over a lengthy tenor of up to 240 months, as per your convenience. This way, you can service your home loan without compromising on other needs and goals.
Finally, you can apply for a Bajaj Finserv Home loan in Kolkata by submitting just a few documents. This speeds up loan processing, giving you access to funds faster.
The Bajaj Finserv Home Loan in Kolkata is a favourable option thanks to its cost-effective housing loan interest rate and charges. Bajaj Finserv has no hidden costs and the ones that you’re required to pay are as follows.
|Type of interest||Amount due|
|Promotional rate of interest for salaried applicants||8.80% (for a loan of up to Rs.30 lakh)|
|Fixed rate interest for salaried applicants||9.05% to 10.30%|
|Fixed rate interest for self-employed applicants||9.35% to 11.15%|
|Floating rate interest for salaried and self-employed applicants||20.90%|
|Type of fee/charge||Amount due|
|Processing fees||Up to 0.80% (for salaried individuals)
Up to 1.20% (for self-employed individuals)
|Loan Statement Charges||Rs.50|
|Interest and principal statement charges||NIL|
|EMI bounce charges||Rs.3,000 per bounce|
|Foreclosure fees for fixed rate home loans||4% + taxes|
|Part-prepayment fees for fixed rate home loans||2% + taxes|
|Penal interest||2% per month + taxes|
Meeting the home loan eligibility criteria is important as it proves to the lender that you are creditworthy and can repay the loan on time. While this varies from one lender to another, take a look at the simple eligibility terms that Bajaj Finserv has instated.
|Home Loan Eligibility Terms||Salaried Borrowers||Self-employed applicants|
|Age||23–62 years||25–70 years|
|Work/business experience||At least 3 years||At least 5 years|
Since you have to divert a portion of your income towards home loan EMIs, choosing the right loan amount and tenor is important. To ascertain EMIs that match your budget, use a home loan calculator. All you have to do is enter the sanction, tenor, and interest rate. Tweak these details until you arrive at an affordable EMI amount that won’t cause you to exceed your budget or compromise on other fronts.
Once you meet the home loan eligibility terms and calculate your EMIs, go ahead and gather the documents required for home loan. Here is the checklist you must follow when applying for a Bajaj Finserv Home Loan in Kolkata.
You can apply for the Bajaj Finserv Home Loan in Kolkata online, through SMS or by visiting the nearest branch.
To apply online, follow these steps.
To apply for a home loan via SMS, send 'HLCI' to 9773633633 and wait for a representative’s call with your offer.
Regardless of the channel you use to apply, check your pre-approved offer before you do. This allows you to view a customised deal and expedite approval so that you can become a homeowner in Kolkata at the earliest.
You 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
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