Get a home loan of up to ₹50 Lakhs for a tenure of 30 years and turn your dream of owning a home into reality today!
Starting Interest Rate
Max. Loan Amount
Max. Tenure
You can apply for the South Indian Bank (SIB) Ashirwad Housing Loan on Bajaj Markets to manage your housing-related expenses with ease. With this loan, you can get up to ₹50 Lakhs, with interest rates starting from 9.50% p.a. You also get a flexible repayment tenure of up to 30 years.
The interest rates for this home loan are as follows:
Loan Type |
Interest Rate |
---|---|
Housing Loan |
9.50% to 15.38% |
Disclaimer - The mentioned details are subject to change at the lender’s discretion.
Below are some of the additional charges applicable to this home loan:
Types of Fees and Charges |
Details |
---|---|
Processing Fee |
Processing: 0.75% + GST (max ₹20,000); Admin charge: ₹10,000 + GST |
Prepayment/Foreclosure Charges |
NIL |
EMI Bounce Charges |
₹750.00 + GST |
ECS/NACH Swap Charges |
₹500.00 + GST |
Disclaimer - The mentioned details are subject to change at the lender’s discretion
You can borrow a higher amount of up to ₹50 Lakhs.
You can enjoy interest rates starting from just 9.50% p.a., with a maximum of up to 15.38% p.a. If you're eligible under PMAY U 2.0, you may also get an even lower rate.
You can repay the loan over a period of up to 30 years. There are no charges if you wish to prepay or foreclose the loan early.
You can expect a smooth and hassle-free application process, as the eligibility criteria are easy to meet.
If you earn at least ₹15,000 per month, you can apply for this loan.
You can get up to 90% of the property’s value as a loan, helping you reduce your initial contribution.
You can get a higher loan amount with a Fixed Obligation to Income Ratio (FOIR) of up to 65%, depending on your income and other obligations.
Before you apply, make sure you meet the following eligibility conditions:
Age
You must be at least 21 years old if salaried, or 24 years old if self-employed. The maximum age at the time of loan maturity should not exceed 70 years.
Nationality
You must be a citizen of India.
CIBIL Score:
A credit score of 700 or above is preferred. A score of 680 may be considered if your repayment history is clean, with no delays or defaults.
Work Experience
If salaried, you should have a minimum of 2 years of work experience
If self-employed or running a business, a minimum of 3 years is expected (A 1-year relaxation may be given based on other factors)
Note: If you do not have formal business proof, a verification (CPV) of your business by the branch head or an approved third-party agency can be accepted. However, this may result in a slightly higher interest rate.
Income Requirement
You must earn a minimum of ₹15,000 per month (gross income), supported by a salary slip or ITR.
Collateral Requirement
A residential property can be pledged as collateral for the loan
Guarantor / Co-applicant Requirement
If you're married, your spouse must be a co-applicant or guarantor
If unmarried, a close relative or a loan protection insurance policy can be accepted
Credit Behaviour
There should be no Days Past Due (DPD) in your credit repayment record for the last 6 months.
You can apply for the SIB Ashirwad Home Loan easily through Bajaj Markets by following these simple steps:
Click on the ‘Apply Now’ button on this page
Fill in your basic details in the online form
Select SIB Ashirwad from the list of available lenders
Choose your preferred loan amount and repayment tenure
Submit your application
Once you complete the form, a representative will get in touch with you to guide you through the next steps.
You can apply if you earn a minimum monthly income of ₹15,000.
Yes, you can apply with a CIBIL score of 680, if your repayment history is clean.
Yes. If you're married, your spouse must be a co-applicant or guarantor. If you're unmarried, a close relative or a loan protection insurance can be accepted instead.