Housing Loan in Vapi: Overview
Vapi, home to Gujarat’s largest industrial area for small scale businesses, also witnesses a rise in funding requirements from its inhabitants for house purchase. Bajaj Finserv thus brings Home Loan in Vapi, with the financing of up to Rs.3.5 crore against simple eligibility.
Available at competitive interest rates, the advance becomes affordable to repay. Meet your funding requirements for house purchase or house construction through these home loan by availing with a simple application procedure.
Vapi Home Loan: Features & Benefits
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Pradhan Mantri Awas Yojana
Bajaj Finserv Home Loan is now more affordable than ever as first-time home owners can benefit from the subsidised interest of Pradhan Mantri Awas Yojana (PMAY) as well. Enjoy subsidised rates of 6.75%* and save up to Rs.2.67 lakh courtesy the PMAY scheme.
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Flexibility in Repayment Tenor
Home loan from Bajaj Finserv is now available with a flexible repayment tenor of up to 20 years.
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Minimum Documentation Requirement
The housing loan is easy to avail as the documents required for a home loan are minimal.
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Easy Balance Transfer Facility
Transfer your home loan balance of your home loan to Bajaj Finserv and enjoy repayment at reduced interest rates.
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Additional Financing as Top up Loan
Avail additional financing of high value as a Top up Loan with the home loan balance transfer facility and meet your diverse funding requirements.
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Facility to Part-Prepay and Foreclose
Choose to part-prepay or foreclose your loan account at low to no additional charges.
Home Loan Eligibility Criteria
Both salaried and self-employed individuals can avail this advance from Bajaj Finserv by meeting the following Home Loan eligibility criteria.
| Eligibility Criteria | Details |
|---|---|
| Age (for salaried | 23 to 62 years |
| Age (for self-employed) | 25 to 70 years |
| Business vintage | At least 5 years |
| Work experience | Minimum 3 years |
| Nationality | Indian (resident) |
You can check your eligibility with our easy to use home loan eligibility calculator.
Calculate Home Loan EMI
Calculate your EMIs with the help of Bajaj Finserv's Home Loan EMI calculator. Input the loan amount, tenor and rate of interest to know the total payment you will make at the tenor’s end along with total interest payable and the EMI.
Documents Required for Home Loan
Both salaried and self-employed individuals are required to submit necessary documents to avail the loan like –
- Identity proof
- Address proof
- Proof of income
- Documents for business vintage or years of experience
Applicants may often need to submit other documents to process the loan.
Home Loan Interest Rate, Fees & Charges
| Types of rates | Charges applicable |
|---|---|
| Promotional home loan interest rate (for salaried applicants) | Starting from 6.75%* |
| Rate of interest (for self-employed) | 6.75%* to 10.30% |
| Rate of interest (for salaried) | 6.75%* to 11.15% |
| Loan statement fees | Rs. 50 |
| Penal interest | 2% per month |
| Processing charges (for self-employed) | Up to 1.20% |
| Processing charges (for salaried) | Up to 0.80% |
How to Apply for Home Loan?
Step 1: Fill in the online application form for a home loan.
Step 2: Receive your pre-approved offer.
Step 3: Furnish the documents required to our representative.
Step 4: Once verified, you will receive loan approval.
So, once you have met the eligibility, apply for a home loan with Bajaj Finserv to purchase your new house.
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
3rd floor, 301 K P Tower, Daman,
Silvasa Rd, Above Allahabad Bank,
Vapi East, Vapi,
Gujarat
PIN - 396191
