Vijayawada, the second-largest city in Andhra Pradesh, plays a vital role in the state’s economic and industrial growth. Known for its commercial importance, the city is home to major industries and a key thermal power station. Its location along the Krishna River adds to its appeal as a growing urban hub.
Often called ‘Vidyalawada,’ the city is well-known for its strong presence of prestigious educational institutions. Whether you are looking to buy a flat or build your dream home in this rapidly developing city, taking a home loan in Vijayawada can help you move forward with your plans. Bajaj Finserv various home loan options tailored to suit the needs of both salaried and self-employed individuals.
Overview of home loan in Vijayawada
Vijayawada, in Andhra Pradesh, is the educational and commercial capital of the state. Today, Vijayawada is among India’s fastest-growing urban areas. McKinsey Quarterly has acknowledged Vijayawada as a ‘Global City of Future’. Oxford Economics states the city could become the world’s 10th fastest growing economy by 2035.
Finance your dream house in this rapidly developing city with a home loan from Bajaj Finserv. Meet our simple requirements and apply online to access funds, or visit the Bajaj Finserv branch in your city to apply in person. To start, check your home loan offers now. You might already be eligible; find out by entering your mobile number and verifying it with an OTP.
Features and benefits of Home Loan in Vijayawada
Apply for a home loan in Vijayawada from Bajaj Finserv to enjoy home loans that come with exceptional benefits.
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Flexible repayment tenor
Bajaj Finserv offers home loans that come with lenient tenors, spanning up to 32 years.
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Foreclosure and part-prepayment
Foreclose your home loan at ease without any additional costs levied by Bajaj Finserv.
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Sizeable loan sanction
jumpstart the process of buying your new home, as Bajaj Finserv offers loan amounts as much as Rs. 15 Crore* to eligible applicants.
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5000+ approved projects
For your benefit, Bajaj Finserv has a property dossier of nearly 5000+ approved projects for you to browse through as you purchase your home.
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External benchmark linked loans
Bajaj Finserv offers applicants the option to seek home loans with interest rates linked to the external benchmark to give them maximum benefit.
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Digital profile management
Customers can now monitor their loan status and EMI payment schedules online, through Bajaj Finserv’s online portal.
Documents required for a home loan in Vijayawada
Applying for a home loan in Vijayawada is simple and only needs a basic set of documents. Here’s what you’ll typically need:
KYC documents like Aadhaar Card
PAN Card or Form 60
Salary slips for the last 3 months (for salaried individuals)
Bank statements from the past 6 months (for self-employed individuals)
Proof of business (for self-employed applicants)
Property documents
Note: This is a general list. Depending on your profile and the lender's requirements, you may be asked to submit additional documents during the loan approval process.
Getting your documents ready is the first step towards securing your dream home in Vijayawada. With Bajaj Finserv, the application process is hassle-free with doorstep document collection services. Check your loan offers and take advantage of our streamlined documentation process. You may already be eligible, find out by entering your mobile number and OTP.
Eligibility criteria for a home loan in Vijayawada
Criteria |
Self-employed |
Salaried |
Age (in years) |
23 years - 70 years |
23 years - 67 years |
CIBIL score |
725 + |
725 + |
Citizenship |
Indian |
Indian |
Monthly income |
Should show a steady source of income for at least 5 years |
|
Work experience/business continuity (in years) |
5 years |
3 years |
These are the basic criteria to qualify for a home loan in Vijayawada. You can find out the loan amount you can get sanctioned with the home loan eligibility calculator. Additionally, you can check your eligibility right away using your mobile phone number and OTP for verification.
Home loan interest rate in Vijayawada
We offer housing loans at competitive rates and do not levy any hidden charge. Check Bajaj Finserv’s home loan interest rates to learn more to avail the best offer custom made for you.
*Terms and conditions apply
Fixed Interest Rates:
Borrowers type |
Fixed interest rate |
For salaried applicants |
Starting @ 7.35%* p.a |
For self-employed applicants |
Starting @ 8.25%* p.a.
|
Ready to take the first step towards homeownership in Vijayawada? Check your eligibility for a home loan from Bajaj Finserv today. You might already qualify for their competitive rates; find out by entering your mobile number and OTP.
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Important Links: What is Home Loan | Home Loan Eligibility Criteria | Documents Required for Home Loan | Home Loan Balance Transfer | Joint Home Loan | Home Loan Tax Benefits | Home Loan Subsidy | Housing Loan Top Up | Rural Home Loans | Home Loan Process | Down Payment for Home Loan | Pre-approved Home Loan | Rural Home Loan | Home Loan Tenure
Frequently asked questions
With Bajaj Finserv, home loan applications in Vijayawada are typically approved within 48 hours* of submission, provided all documents are in order and the property has clear legal documentation. The total turnaround time may vary if additional verification is needed, but Bajaj Finserv is known for its quick processing and disbursal.
If you are planning to purchase a home in Vijayawada and want to experience this fast approval process, now is the perfect time to explore your financing options with Bajaj Finserv. Check your eligibility and discover competitive interest rates. You may already be eligible, find out by entering your mobile number and OTP.
To apply for a Bajaj Finserv home loan in Vijayawada, you generally need:
KYC documents (Aadhaar Card, Voter’s ID, Utility Bills)
PAN Card or Form 60
Income proof (latest salary slips for salaried, P&L statements for self-employed)
Bank account statements (last 6 months)
Business proof (for self-employed: documents showing 3 years of business vintage).
Bajaj Finserv offers home loans in Vijayawada for amounts up to Rs. 15 Crore*, subject to your eligibility, income, and property value. Higher loan amounts may be considered for eligible applicants, making it suitable for a wide range of property purchases.
Whether you are looking to buy a luxury apartment or a budget-friendly home in Vijayawada, Bajaj Finserv can provide the financial support you need with attractive interest rates and flexible tenure options. Check your eligibility now to see how much loan amount you qualify for and start your home buying journey. You may already be eligible, find out by entering your mobile number and OTP.
For salaried applicants, the age requirement is 23 to 67 years at the time of loan maturity. For self-employed individuals, the age range is 23 to 70 years at loan maturity. The upper age limit may vary depending on the property profile and other eligibility factors.
Yes, you can apply for a Bajaj Finserv home loan in Vijayawada with a salary of Rs. 40,000 per month, provided you meet other eligibility criteria. The exact loan amount you qualify for will depend on your income, existing obligations, and credit profile. Use the home loan eligibility calculator for a precise estimate.
Bajaj Finserv offers flexible repayment tenures of up to 32 years for home loans in Vijayawada. This long tenure allows you to choose an EMI plan that fits your financial situation and makes loan repayment more manageable.
