Take a home loan of up to ₹15 Crores on Bajaj Markets at affordable interest rates starting from 8.50% per annum. Choose from different tenures ranging up to 40 years, to suit your needs, with effortless ease. Meet the simple eligibility terms and submit relevant documents to get ample funding to build your dream house.
Disclaimer: The interest rates listed above are subject to change as per the terms and policies of the financial institution.
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A Home Loan EMI calculator is an algorithm-based tool that can help you get instant estimates of your house loan EMI amount. All you need to do is enter your loan amount, expected interest rate, and preferred repayment tenure.
The online tool will show you your overall EMI outflow within seconds. A housing loan calculator can also help you compare loan options by simply altering the numbers you fed into the tool originally. This way, you will be able to decide which offer suits you the best.
Here are some easy-to-meet eligibility terms you must keep in mind before you apply for a housing loan online on Bajaj Markets.
Age between 23 and 62 years for salaried professionals
Age between 25 and 70 years for self-employed individuals
Work experience of at least 3 years for salaried applicants
Self-employed individuals must have at least 5 years of experience in running a successful business
Once you meet the required eligibility parameters, submit these documents along with your home loan application for further processing:
ID Proof: PAN/Aadhaar card, voter ID, driving licence
Address Proof: Utility bills, Aadhaar card, passport
Income Proof Documents for Salaried Applicants: Last 3 months’ salary slips, Form 16, ITR copies of previous 2 years
Income Proof Documents for Self-employed Applicants: IT returns of the last 2 years, audited balance sheet from a certified CA, P/L statement of the last 3 years, qualification/degree certificates for professionals and business licence details along with TDS certificate
Here are the steps to apply for a home loan on Bajaj Markets.
Click on the ‘Apply Now’ button on this page
Enter your basic personal details on the online application form
Enter the loan amount and preferred repayment tenure
Submit the form for verification
Getting a home loan on Bajaj Markets helps you benefit from the following:
High-value financing and competitive loan terms can help you construct or buy your dream house easily.
On meeting the eligibility criteria, you can get approval within minutes.
You can submit the documents required to apply for a home loan online for speedy processing.
All home loan charges are mentioned clearly on Bajaj Markets. No costs are hidden.
A housing loan is a form of financing that allows you to borrow funds to purchase or construct any property at a certain rate of interest. The interest rate and other loan terms are fixed by the lender by assessing various factors. These include your income, age, credit score, property value, co-applicant, etc.
The sanction period varies for each lender. It depends upon several factors, which include the processing time, evaluation of the asset, verification of documents, and more. The sanction may be delayed if there are issues with the submission of documents or other reasons.
The co-applicant can be anybody from your immediate family, including your spouse, parents, or adult children. The co-applicant must be a co-owner of the property.
At Bajaj Markets, you can avail a home loan of up to ₹15 Crores. However, the amount sanctioned will depend on numerous factors, such as the lending partner you choose and your financial standing.
In addition to your interest rate, you will have to pay a processing fee. The same will be adjusted from your final home loan amount. At Bajaj Markets, you will be required to pay a processing fee of 0.5% to 6% of the loan amount.
Depending on the reason for rejection, you can re-apply for a home loan. You can also negotiate with the lender or apply with a different lender on Bajaj Markets.
Some of the reasons include a low credit score, too many existing liabilities, submission of incorrect documents, low income, etc.
You can buy a residential or commercial property with a home loan. Apart from this, you can invest the loan amount to purchase a ready-to-occupy apartment or any other commercial space.
Yes, you can foreclose your loan or initiate a partial prepayment before the tenure ends. There are no charges levied on this when you choose a floating rate of interest on your home loan.
Yes, you can enjoy tax benefits on your home loan repayments according to Sections 24, 80C, 80EE, and 80EEA.
When you miss your EMI payments, lenders first send you a notice. In case the default stretches for a period exceeding 90 days, they classify your loan account as NPA. The lender has the legal right to auction your property to recover the due amount.