February 16, 2021
Bajaj Housing Finance Limited (BHFL), a Bajaj Finance Limited subsidiary, has recently announced a change in the approval time for home loans across the board. Customers can now receive a digital sanction letter for an e-home loan within 10 minutes. *
This move will expedite the process of locking in on a property for aspiring homeowners. Borrowers can complete the process at their convenience at a shorter duration. With BHFL’s high-value Home Loan - at 6.9% p.a.* onwards, and instant processing, borrowers can streamline the entire home-buying procedure. And the digital sanction letter stands valid for 180 days.
The following are a few benefits of an instant housing loan digital sanction letter from Bajaj Housing Finance Limited.
Obtain early bird discount on a home purchase
Aspiring homeowners can cut short the burden of buying a property with the Bajaj Housing home loan sanction letter. Real estate projects are completed in multiple stages and often marketed accordingly, referred to as a soft launch. In some cases, developers provide early-bird discounts to individuals investing in those initial phases, and a sanction letter in a short time enables customers to cash in on same.
Minimum hassle with quick e-home loan
Buying a house can be a time-consuming process but receiving the sanction for a home loan instantly allays a customer’s stress significantly. When the worries of approval are out of the way, prospective homeowners can focus on the other details, like moving & packing, buying new furniture, and completing property-acquisition formalities, among others.
Plan repayment with more time in hand
A digital sanction letter contains various details concerning the loan, including the total amount sanctioned, e-home loan interest rates , and other associated terms & conditions.
Receiving the sanction letter for a BHFL housing loan provides a customer more time to plan how to manage repayments.
Simplify the home loan documentation process
Once the customer receives the sanction letter, he/she only needs to complete a few necessary formalities to conclude the process. Thus, customers will find that an instant sanction letter simplifies the process of taking a loan. The portal just requires customers to submit few basic details basis which his/her home loan eligibility gets calculated.
Pre-approved offers for faster disbursal
Bajaj Housing Finance Limited also extends pre-approved offers to customers alongside a quick digital sanction letter. This simplifies further the process of his taking the Home Loan with BHFL. Customers can leverage their pre-approved offer on a housing loan to negotiate for better terms on their purchases.
Once individuals know the sum they are eligible to borrow, it helps them zero in on their search for a home. A pre-approved offer also provides an idea of the down payment a borrower needs to incur. An existing BHFL customer only needs to provide their name and phone number to check their pre-approved offer. With this offer in tow, availing a home loan is now more streamlined than ever.