Pali is a popular city where both young and old want to live and do business. If you’re wondering how you can become a homeowner in Pali, Bajaj Finserv offers home loans that will assist you in affording the home you have always admired.
What’s a Home Loan?
A home loan is a financial solution that enables individuals and entities to borrow funds for the purchase or renovation of a residential or commercial property. It is a secured loan, and the property to be purchased serves as collateral. The property ownership remains with the lender until you repay the entire sum with interest. The home loan interest rate is relatively low compared to a personal or business loan because of its secured nature.
Home Loan in Pali: Features and Benefits
Below is a list of features and benefits you stand to enjoy when you avail of a home loan at Bajaj Finserv.
Disbursal in 48 hours*
Once you receive approval for the submission of a complete home loan application with all the documentation, you can expect disbursal in 48 hours*.
Online account management
You will enjoy a truly hassle-free experience even after we disburse the loan. Access your statement of accounts and other documents through our online customer portal and complete transactions from the comfort of your home.
Interest subsidy of 6.50%* under Pradhan Mantri Awas Yojana (PMAY)
Avail of an interest subsidy under the PMAY when you apply with us, as we are a prime lending institution with the Central Nodal Agency.
Zero part-prepayment and foreclosure charges
Individuals with a floating interest rate home loan will not require additional fees or charges should they choose to repay a part of their entire home loan before the end of the tenor.
Hassle-free processing
Enjoy an all-new home loan experience with us, one where you only submit minimal documentation and can complete the process from the comfort of your home. You only have to visit us or bring us to your doorstep when you want to sign the final loan agreement and other registration formalities.
Online tools for better decision-making
A home loan is a long-term commitment and requires thorough research. Use our online tools, such as the home loan eligibility calculator and the EMI calculator for a home loan, to finalize a loan amount and tenor best suited to your finances.
Home Loan in Pali: Interest Rate, Fees, and Charges
Bajaj Finserv’s home loan interest rate starts from 8.60%* p.a. for salaried and professional applicants. While the final rate applicable for each applicant depends on their credit profile, we have lower home loan interest rates for candidates of all employment types. You can view the complete list of all our interest rates, fees, and charges here.
Home Loan in Pali Eligibility Criteria
You can online increase your chances of approval by checking the home loan eligibility criteria of the lender you’re considering—in this case, Bajaj Finserv.
Are you planning to apply for a home loan in Pali? Here are our eligibility criteria:
Criteria
Salaried
Self-Employed applicants
Nationality
Indian (Non-NRI)
Indian (Non-NRI)
Employment
Minimum 3 years of work experience, preferably with a reputed employer
Minimum 5 years of vintage in your current enterprise
Age
23 to 62 years
25 to 70 years
Place of Residence
Must reside in one of the cities we operate in
Must reside in one of the cities we operate in
Income
Rs.30,000 to Rs.50,000, depending on the city of residence and age
Rs.30,000 to Rs.40,000, depending on the city of residence and age
Note: We consider the upper age limit as your age at the time of loan maturity. You can simply mail these documents to avoid branch visits.
Documents Required to Take a Home Loan in Pali
Before applying for a home loan in Pali, it’s essential to know the documents required for a home loan. At Bajaj Finserv, we require the below documents:
Sale Deed with Registration Receipt
Agreement Copy
Approved project plan/MAP
TAX receipt
Existing Loan
Sanction letter
Statement of Account (SOA)
Foreclosure letter
Note: The existing loan verification type is only applicable in the case of a balance transfer. Also, we may request some other documents at the time of processing. We will communicate these documents to you.
How to Apply for Home Loan in Pali
The below guide will walk you through our easy home loan application process.
Step 2: Enter your full name, mobile number, PIN code, and occupation type
Step 3: Validate your one-time password (OTP)
Step 4: Enter your date of birth, PAN number, income, and other details
After successfully submitting your application, our representative will get in touch with you within 24 hours and explain the next steps. Alternatively, you can also go to any of our branches in Pali, where our representatives can guide you through the process.