BAJAJ FINSERV DIRECT LIMITED

Vridhi Home Finance Home Loan

Explore Vridhi Home Finance home loans with low interest rates starting at 12% p.a., high loan amounts up to ₹25 Lakhs, and flexible tenures up to 12 years.

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Starting Interest Rate

12% p.a.*
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Max. Loan Amount

₹25 Lakhs

Max. Tenure

12 Years

You can apply for a Vridhi Home Finance home loan on Bajaj Markets and secure a loan amount of up to ₹25 Lakhs. With interest rates starting at 12% p.a., you can choose a repayment tenure of up to 12 years based on your financial comfort. 

Use the funds for home construction, renovation, or to purchase a residential property through a quick and simple application process.

Vridhi Home Finance Interest Rate and Charges

The Vridhi Home Finance rate of interest and other associated charges for home loans are as follows:

Particulars

Details

Interest rate

12% p.a. onwards

Processing Fee

2% + GST

Prepayment Charges

NIL

Disclaimer: The aforementioned rates and charges are subject to change at the lender’s discretion.

Other Fees and Charges of Vridhi Home Finance Home Loan

In addition to interest, processing fee, and prepayment charges, several other standard fees may apply. These charges can arise at various stages throughout the lifecycle of your Vridhi Home Finance home loan.

Particulars

Details

Cheque/ECS/NACH Bounce Charges

₹500 per failed transaction

Legal Charges

₹2,500 per property

Valuation/Technical Fee

₹2,500 per property

Loan Cancellation Charges

  • ₹1,000 for cancellation requests made within 7 days of disbursal

  • ₹1,000 + accrued interest (from date of disbursement till cancellation request date), if loan is already disbursed

Disclaimer: The aforementioned rates and charges are subject to change at the lender’s discretion.

Key Features and Benefits of Vridhi Home Finance Home Loan

High Loan Amount

Get funding of up to ₹25 Lakhs for home construction, purchase, or renovation.

Affordable Interest Rates

The Vridhi Home Finance rate of interest starts at 12% p.a.

Long Repayment Tenure

Flexible tenures of up to 12 years for easier repayment.

Flexible Prepayment Options

Foreclose your loan without having to pay any additional charges or penalties.

Multi-purpose End Use

Use funds for home purchase, construction, or renovation.

Quick and Paperless Application

Apply online with minimal paperwork and faster approvals.

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Vridhi Home Finance Eligibility Criteria

Vridhi Home Finance Home Loan’s eligibility criteria are quite simple. Make sure that your combined EMI amount is not more than 50% of your income. Salaried and self-employed individuals can apply for this home loan.

Documents Required for Vridhi Home Finance Home Loan

To complete your home loan application with Vridhi Home Finance, you will need to submit basic documents for verification:

  • Identity Proof: PAN card and any one of the following

    1. Aadhaar card

    2. Passport

    3. Driving license

  • Address Proof: Any one of the following

    1. Aadhaar card

    2. Passport

    3. Driving license

    4. Utility bill

  • Age Proof: Any one of the following

    1. PAN card

    2. Passport

    3. Voter ID

    4. Driving license

    5. Birth certificate

    6. School leaving certificate (10th)

  • Income Proof: Salary slips and bank account statements of the last 3 months 

  • Bonus Proof: Of the last 2 years or variable incentive pay within the last 6 months

  • Employment Proof: Any one of the following 

    1. Form 16 

    2. Joining date on salary slip

    3. Appointment letter

Types of Home Loans Offered by Vridhi Home Finance

Vridhi Home Finance offers a range of home loan options tailored to meet diverse housing needs. Whether you intend to purchase, construct, or upgrade your home, you can select a loan that aligns with your objective.

  • Home Purchase Loan

This loan is designed to assist in purchasing a new or resale residential property. It caters to both first-time buyers and existing homeowners seeking to move into a better residence.

  • Home Construction Loan

When you already own a plot, this loan helps you fund each stage of your home’s construction. You receive timely disbursals as your project advances.

  • Home Renovation Loan

You can finance repairs, upgrades, or improvements to your existing property. This loan allows you to enhance your home’s comfort and appearance.

  • Plot + Construction Loan

This option lets you finance both the purchase of a plot and the construction of a home on it. You can build your dream house on land you own or plan to acquire

How to Apply for Vridhi Home Finance Home Loan on Bajaj Markets

Benefit from the Vridhi Home Finance rate of interest and flexible loan terms. Follow these simple steps to apply on Bajaj Markets:

  1. Click on ‘Check Offer’ on this page

  2. Select the type of home loan you require

  3. Choose whether you are salaried or self-employed

  4. Enter your mobile number to receive an OTP for verification

  5. Provide your basic personal details

  6. Select ‘Vridhi Home Finance’ from the list of lending partners

  7. Upload the required documents for verification

  8. Submit the application form

A representative will contact you shortly to assist with the next steps.

How to Check Vridhi Home Finance Home Loan Status

You can easily track your home loan application status using your Application Reference Number. Here is how:

  1. Visit the official Vridhi Home Finance website

  2. Navigate to the ‘Customer Corner’ dropdown

  3. Select ‘Customer Portal’ from the list

  4. Enter your registered mobile number to log in

  5. Use your Application Reference Number to check the loan status

How to Check Vridhi Home Finance Home Loan Statement

You can get your home loan statement by contacting customer service. A nominal fee of ₹500 may apply for the annual account statement.

  1. Visit the Vridhi Home Finance website

  2. Go to the ‘Customer Corner’ dropdown and select ‘Contact Us’

  3. Reach out via call, email, or the contact form to request your statement

Keep your loan details ready for quicker processing.

Vridhi Home Finance Customer Support Details

You can contact Vridhi Home Finance through various support channels for any queries or service requests. These include:

  • Via Email

Write to care@vridhihomefinance.com for assistance with your home loan application or account.

  • By Phone

Call +91 83101 67101 to speak with a customer service representative directly.

  • By Submitting a Contact Form

Fill in your name, mobile number, and an optional message through the online form. The team will get in touch with you soon.

Vridhi Home Finance Repayment Options

Repaying your home loan with Vridhi Home Finance is designed to be convenient and tailored to your financial preferences.

  • Fixed or Floating Interest Rates

Choose a fixed interest rate for predictable EMIs throughout the loan tenure or opt for a floating rate that adjusts with market fluctuations. This flexibility allows you to align repayments with your financial outlook.

  • Flexible Tenure Options

Select a repayment period that suits your financial goals, with tenures available up to 12 years. Longer durations result in lower EMIs, while shorter terms enable quicker loan closure.

  • Monthly EMI Payments

Repay your loan through simple monthly instalments using post-dated cheques, auto-debit mandates, or standing instructions. Once set up, payments are processed automatically each month.

  • Prepayment and Foreclosure Facilities

You have the option to prepay or foreclose your loan, subject to applicable terms. Doing so can help reduce the total interest payable and close the loan ahead of schedule.

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Frequently Asked Questions

Can I use the funds borrowed from Vridhi Home Finance to renovate my home?

Yes. Vridhi Home Finance offers home loans that can be used for multiple purposes. From constructing a house, purchasing an apartment, as well as renovating a home.

You can secure loan amounts of up to ₹25 Lakhs with a home loan from Vridhi Home Finance. However, the amount offered to you depends on your eligibility and the lender’s policies.

You can benefit from repayment tenures of up to 12 years for a Vridhi Home Finance home loan.

The processing fee is 2% of the loan amount, plus applicable GST.

Yes, loans are available for both resale and under-construction residential properties.

There is no charge for prepaying a floating-rate loan. For other loan types, a charge of up to 5% plus GST may apply.

The processing time for a home loan usually depends on document verification and internal approvals. Once approved, disbursal is typically completed within a few working days.

Yes, you can apply for a joint home loan with a family member for purchase, construction, or renovation.

Yes, you can transfer your existing home loan to Vridhi Home Finance using the home loan balance transfer facility to enjoy better interest rates or a longer repayment tenure.

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