Home loan overview
Also known as the City of Peacocks, Morbi is situated in Gujarat. It is a trade centre for various industries like ceramic manufacturers, clockmakers, paper mills, packaging industries, export houses, etc.
If you are looking for a house in this prosperous city, you can take a home loan in Morbi from Bajaj Finserv. With a high-value loan and affordable home loan rates in Morbi, you can easily repay the amount. Apply online through our customer portal or website.
Home loan in Morbi features and benefits
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Sizeable top-up loan
Bajaj Finserv offers top-up loan of up to Rs. 1 Crore*, or higher to existing home loan borrowers. You can use this loan to address various financial needs.
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Home loan balance transfer
You can refinance your existing home loan with the home loan balance transfer facility from Bajaj Finserv and enjoy a lower home loan interest rate.
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Zero part-prepayment and foreclosure charges
Bajaj Finserv offers zero part-prepayment and foreclosure penalties for home loans on floating interest rates to individual borrowers.
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Few documents required
Enjoy a quick and hassle-free loan application with fewer documents. Submit only the basic documents, as required.
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Flexible tenor
Look no further than Bajaj Finserv to get a home loan that you can comfortably repay, as we offer flexible loan repayment tenor of up to 30 years.
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An integrated network of branches
You can easily find a Bajaj Finserv branch near you and apply for a housing loan in Morbi. You can contact us whenever you need any assistance with the home loan application.
Home loan interest rate, fees and charges
Bajaj Finserv offers affordable home loans with competitive interest rates starting at 7.49%* p.a. p.a.
To calculate your EMIs, you can use the Bajaj Finserv EMI Calculator for home loan. It gives a detailed breakdown of the EMI, including both principal and interest amount.
Home loan eligibility criteria
Meet the following home loan eligibility parameters to get a loan from us:
- Age limit**: 23 to 62 years (for salaried), 25 to 70 years (for self-employed)
- Residential status: Residing Indian citizen
- Recommended CIBIL score: 750
- Employment profile: Salaried or self-employed
- Minimum salary: Rs. 25,000
- Employment stability: Minimum 3 years of work experience (salaried); vintage of 5 or more years in current business (self-employed)
The eligibility criteria for applicants depend on several factors like their current salary, work experience, credit score, age, etc.
** Maximum age considered at the time of loan maturity.
Documents required for home loan
You will need to furnish the following basic documents to get a home loan from Bajaj Finserv:
- KYC documents
- Passport-sized photograph
- Identity proof
- Address proof
- Latest salary slips and Form 16
- Bank account statements for the previous six months
- Proof of business for five years
- Income tax returns
How to apply for a home loan?
Follow the given steps to apply for a Bajaj Finserv Home Loan online:
- 1 Click on the home loan application form
- 2 Fill in relevant personal, financial, employment and property details
- 3 Submit the application and pay the secure fee
- 4 A representative will get in touch with you to process the application further
- 5 Submit scanned copies of the documents required for home loan
Know the interest rate and calculate your home loan EMI beforehand. This will help you manage your finances in a better way. Also, keep the necessary documents handy before applying for a home loan in Morbi.
