Home Loan in Pune: Overview
Living in Pune, the second largest city of Maharashtra, offers lucrative job opportunities courtesy of the widespread presence of the IT industry. In addition, it boasts of a pleasant climate all year round, as well as a plethora of educational institutions.
As a result of all these factors and the rising price of real estate in Pune, owning a home may seem challenging. However, with Bajaj Finserv’s Home Loan you have nothing to worry about. You can buy a home of your choice using the Bajaj Finserv Home Loan in Pune.
Features & Benefits
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PMAY
Pradhan Mantri Awas Yojana’s CLSS makes buying a home affordable. Bajaj Finserv allows you to club PMAY subsidy along with its excellent features for maximum benefits. You can get an interest rate as low as 6.93% and save up to Rs.2.67 lakh.
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Home Loan Balance Transfer
To enjoy a low interest rate, you can transfer your home loan balance to Bajaj Finserv. Quick processing and minimal documentation make this transition seamless.
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Top-up Loan
You can get a top-up loan of up to Rs.50 lakh over and above your existing Bajaj Finserv Home Loan at a reasonable interest rate. This allows you to attend to any additional funding requirements that you may have without worrying about repayment.
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Part-prepayment and Foreclosure Facility
As and when you come across surplus funds, you can part-prepay your loan’s principal to lower your total loan expenditure. Bajaj Finserv allows you to part-prepay or foreclose your loan at nil extra charge so that you can save more.
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Flexible Tenor
You can choose a home loan tenor as per your repayment capabilities. With a window of up to 20 years, you can repay the loan quickly via a short tenor or opt for a long tenor to keep EMIs to a minimum.
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Minimal Documentation
Bajaj Finserv has a short list of documents required for home loan which makes for faster processing. You only have to submit KYC documents, address proof, identity proof, business proof (if applicable) and financial documents.
Home Loan Interest Rate, Fees & Charges
The housing loan interest rate has a direct bearing on the affordability of the loan, which is why Bajaj Finserv offers some of the most competitive home loan interest rates in the market. You can club this with the tax benefits offered by the various sections of the IT Act to maximise your savings.
Here is a table that summarises the interest rates, fees, and charges that you have to pay when you take a Bajaj Finserv Home Loan in Pune.
| Interest rate/fee | Amount applicable |
|---|---|
| Home loan interest rate | 9.05% to 10.30% for salaried individuals and 9.35% to 11.15% for self-employed individuals |
| Bajaj Finance Limited floating reference rate | 20.90% for salaried and self-employed applicants |
| Promotional interest rate | From 8.60% for a loan up to Rs.30 lakh for salaried individuals |
| Processing fees (for salaried individuals) | Up to 0.80% |
| Processing fees (for self-employed individuals) | Up to 1.20% |
| Penal interest | 2% per month+ applicable taxes |
| One-time secure fee | Rs.9,999 |
| Non-refundable mortgage origination fee | Rs.1,999 |
| Loan statement charges | Rs.50 |
| EMI bounce charges | Rs.3,000 |
| Principal and interest statement charges | NIL |
Home Loan Eligibility Criteria
Bajaj Finserv has simple eligibility criteria that are easy to meet. If you are an Indian national who has a good financial profile, then you are eligible for a Bajaj Finserv Home Loan in Pune if you satisfy the following criteria.
| Criteria | Salaried applicant | Self-employed applicant |
|---|---|---|
| Age | 23 to 62 years | 25 to 70 years |
| Minimum work experience/ business continuity | 3 years | 5 years |
| Residency | Indian | Indian |
You can check your eligibility with our easy to use home loan eligibility calculator.
Calculate Home Loan EMI
Bajaj Finserv makes it extremely easy for you to calculate EMIs with the help of a home loan EMI calculator. By entering the loan amount, tenor and interest rate, you can view the EMI, total interest due and total amount payable in seconds. The best part is that you can keep changing the input values until you arrive at an affordable loan structure.
Documents Required for Home Loan
Before filling a home loan form, gather the required documents to make application swift and simple. When you apply for a Bajaj Finserv Home Loan in Pune, here are the documents that you should have handy.
- KYC documents
- Address and identity proof
- Salary slips/ Form 16
- Bank statements of the past 6 months
- Proof of business continuity for a minimum of 5 years (only if you are self-employed)
- Photograph
How to Apply for Home Loan
To apply online, follow these steps.
- Fill the application form with personal, financial, employment details, as well as property information
- You can book an available offer by paying the secure fee online. The relationship manager will then get in touch with you
- After paying the fees, submit the required documents by scanning and uploading them online
To apply offline, follow these steps.
- For a Bajaj Finserv executive to contact you with further details, send ‘HLCI’ as an SMS to 9773633633
- Alternatively, visit a Bajaj Finserv branch to apply for a Home Loan in Pune
To further expedite the loan application process, check pre-approved home loan offer by entering a few basic details such as your name and contact number. It’s the quickest and simplest way to secure financing to become a homeowner in Pune.
Contact Us
New and existing customers 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.
- 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
Branch Address Bajaj Finserv 6th Floor, 'Bajaj Brand View', Cts 12b+31, Pune Mumbai Road Wakdewadi, Pune, Maharashtra 411003 Phone: 20 3098 8700
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Congratulations! You have a pre-approved personal loan/top-up offer.