Bajaj Finserv in your city

The financial capital and second-largest city of Andhra Pradesh, Vizag is home to more than 2 million Indians. Also known as the ‘The Blissful Haven of the South’, Vizag is most famous for its steel industry. 

Residents of Vizag looking for the best housing finance option can choose a home loan from Bajaj Finserv. We currently have a branch here.

Features and benefits in Visakhapatnam

Applicants interested in availing a housing loan in Visakhapatnam

  • Flexible balance transfer facility

    Flexible balance transfer facility

    With Bajaj Finserv, easily transfer home loan balance and service current outstanding loan amount at lower interest rates.

  • Hassle-free processing

    Hassle-free processing

    Submit only a few documents required for home loan to access funds quickly and hassle-freely.

  • Convenient tenor

    Convenient tenor

    Bajaj Finserv offers an extended tenor of up to 20 years. Choose a suitable term with a home loan EMI calculator.

  • Pradhan Mantri Awas Yojana

    Pradhan Mantri Awas Yojana

    Under the Pradhan Mantri Awas Yojana scheme, borrowers can save up to Rs. 2.67 lakh on interest payments.

  • Part-prepayment and foreclosure facility

    Part-prepayment and foreclosure facility

    Prepay or foreclose the home loan at no extra charges, subject to a few conditions.

  • Contact-free loans

    Contact-free loans

    Experience a truly remote home loan application from anywhere in India by applying Bajaj Finserv online home loans and getting an easy approval.

Visakhapatnam, also known as Vizag, is the second-largest city after Chennai on the east coast. It is home to some of the most reputed Central and State academic institutions. Vizag is a major tourist destination in India, most popular for its beaches, natural landscapes, and Buddhist sites. It is also ranked as the 9th cleanest city in India as per the Swachh Survekshan 2020 rankings.

Individuals planning to buy or construct a house in Vizag can choose Bajaj Finserv to meet their financing needs. Apply for a home loan online and get your application sanctioned and reaches your account without any fuss.

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Home loan eligibility criteria

Use our home loan eligibility calculator and check your loan amount eligibility. You can also use the online home loan EMI calculator to calculate your total payable EMI.

Criteria

Self-employed

Salaried

Age (in years)

25 years - 70 years

23 years - 62 years

CIBIL score

750 +

750 +

Citizenship

Indian

Indian

Monthly income

NA

  • Under the age of 37 years: Rs. 30,000
  • 37-45 years: Rs. 40,000
  • Above 45 years: Rs. 50,000

Work experience/ business continuity (in years)

5 years

3 years

 

Obtaining a home loan is a long-term commitment. Thus, proceed after assessing your financial footing and planning the repayment. Account for contingencies to avoid missing out on payments and consider utilising surplus to part prepay whenever possible so you can save on interest outgo.

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Home loan interest rate, fees and charges

Bajaj Finserv offers nominal rates and charges on your home loan. Besides, there are no hidden charges, and applicants can avail tax benefits as per the Income Tax Act to reduce their overall liability.

Click here to know more.

*Terms and conditions apply

Disclaimer:
PMAY subsidy scheme for MIG I & II category is not extended by regulatory. Category wise scheme validity is mentioned below:
1. EWS & LIG category is valid up to 31st March 2022
2. MIG I & MIG II category was valid up to 31st March 2021