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‘Acche Din’ For Home Loan Borrowers - Grab Low Home Loan Interest Rate From Bajaj Finserv!

‘Acche Din’ For Home Loan Borrowers - Grab Low Home Loan Interest Rate From Bajaj Finserv!

India Blooms News Service | @indiablooms | 24 Nov 2017, 09:59 pm

It’s time to rejoice if you happen to be a home loan aspirant! Yes, you can grab a home loan interest rate as low as 8.30% from Bajaj Finserv, a pioneer financial company in India. Know more now!  

Have you always craved to buy your own dream home? Picture this! You kept looking at the real estate developments mushrooming all around the city, but could not muster the courage to enquire about the price because of no saving to afford one. Not anymore!

If you are one of those people who are salaried and wanted to move out of their rented houses and wanted to purchase a home, it is the time to rejoice!

Yes, Bajaj Finserv, one of the most specialized non-banking financial companies (NBFCs) in India, via its lending branch, Bajaj Finance Limited is out to provide a low- cost home loan interest rate.

It’s indeed the Acche Din for home loan borrowers as they can avail a home loan at an interest rate of only 8.30%. Even existing home loan subscribers can opt for the Bajaj Finserv Home Loan with the Home Loan Balance Transfer facility.

So, before you go ahead and apply for a home loan with Bajaj Finserv or transfer your home loan to it, have a look at some of the basics of the home loan, home loan eligibility, and benefits and beyond.

Bajaj Finserv Home Loan: A quick look!

A home loan assists you purchase your dream abode. You can avail a home loan between Rs.20 lakh and Rs.10 crore from Bajaj Finserv.

However, a home loan amount also depends on your take-home salary. If it is less, you may be offered an amount less than Rs.20 lakh as per the home loan eligibility calculator.

Further, a home loan EMI calculator will also let you know the exact EMI that you will need to pay for the home loan. You can apply online on a leading lender’s website such as Bajaj Finserv to get an instant approval.


Home Loan Eligibility Criterion

Bajaj Finserv determines the home loan eligibility criteria of the borrowers by multiple factors such as:

ü  The borrower needs to be a citizen of India

ü  He/she should be in the age range of 25-58 years

ü  He/she should be a working professional (salaried) with at least three years of professional experience or more

ü  The minimum loan home loan amount is Rs.20 lakh, and it could go up to Rs.10 crores (You can avail a low amount home loan if your salary is less, though) 

You Can Avail A Low Home Loan Interest Rate On Three Below Conditions

You should note that not all can avail a home loan from Bajaj Finserv at a low home loan interest rate of 8.30%. You need to meet some parameters to be eligible for a lower housing loan interest rate. Have a look!

1.      Maintain a good CIBIL score

If you have maintained a good CIBIL or credit score of around 750+ or more, you can expect your lender to offer you a housing loan at their lowest best. If your credit score is not good, you may get a home loan but at a higher rate, making it painstaking to pay the EMIs.

2.      Keep a clean repayment history

Do you have existing home loan, personal loan EMIs or have a credit card outstanding? If you have managed to pay all your dues on time or by their due date, your lender may consider you a safe bet to lend money because you will manage to repay on time. Thus, try to have a good track record of the repayment history to a land a better deal on home loan interest rates.

3.      Having a stable employment history is a must

Do you love to switch jobs just to in cash on the pay raise that you get and yet expect a home loan to approve? If you are irregular in your employment, your home loan may not approve. Having a sound employment history or 3 years should be there to avail a home loan at a low rate of interest.

As a result, a home loan aspirant should work on the above aspects to grab a superior deal on the home loan interest rate. 

Home Loan Balance Transfer Avail A Low Home Loan Interest Rate Smartly!

Do you already have an existing home loan, but paying a high home loan interest rate?

You can switch your home loan outstanding amount to Bajaj Finserv and make the most of the low home loan interest rate. Borrowers generally opt for this facility when they see that they are paying a high-interest rate.

What’s more, a Home Loan Balance Transfer also lets borrowers avail top up loan of up to Rs.50 lakh and a 3-EMI holiday feature.

If you want to switch your loan to a new lender, you should get in touch with them to know more.

The Bottom Line

Bajaj Finserv is out to make your home loan even more affordable with a low home loan interest rate if you have the required home loan eligibility.

Check your home loan eligibility with the home loan eligibility calculator available on Bajaj Finserv’s website and be ‘home loan ready.’ Happy Home Loan Application!