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With a Home Loan, you can now realize your dream of owning a home! At Finserv MARKETS, you can avail a home loan at low interest rates and minimal documentation. Your dream home is now yours. So, apply for a Home Loan on Finserv MARKETS today!
Bajaj Housing Finance Limited is renowned for offering long term financing through Home Loan, Home Loan Balance Transfer, Loan Against Property, Loan Against Property Balance Transfer.
With a Home Loan, you can purchase the house of your dreams in the most easy and hassle-free way. At Finserv MARKETS, you can apply for a loan amount of up to Rs 3.5 Crore and take advantage of exciting benefits such as additional Home Loan Top Up of up to 50% of your sanctioned home loan amount and much more! What's more? You can also reduce your current Home Loan EMI by transferring your existing home loan to us at the lowest rate of interest in India using the Home Loan Balance Transfer facility.
If you have a working partner, you can opt for a joint home loan to avail a higher loan amount.
You can also explore more about The Pradhan Mantri Awas Yojana (PMAY) which, was recently launched and implemented with the mission of providing “Housing for All”. It intends offer housing loan interest subsidy to the middle income and the Lower income Group/ Economically weaker Section.
Customers can enjoy flexible repayment tenure of up to 360 months.
At Finserv MARKETS, you can avail a loan balance transfer or a top-up on an existing loan at nominal interest rates and minimal documentaion.
In the event of an unfortunate incident, you can protect your loved ones from the burden of paying off your home loan with customized insurance plans.
Alongside providing a report that helps you keep track of your financial health, you can also get a complimentary health card that entails a host of offers and benefits.
Finserv MARKETS helps you choose from a diverse range of secured lending products. You also get to compare various loan offers by the best of the lending partners. So, you are indeed spoilt for choice!
There's no tedious paperwork involved. Your application is approved within minutes and you can get the loan in no time.
We are proud to deliver on our promise to more than 100 million customers. Our reliable interface helps the lending partners reach out to people all across India and provides the best lending experience.
Want a Home Loan? Follow the steps below and hit that Apply button now!
Fill in your personal and employment details.
Find out the home loan amount you could possibly avail.
Fill your required home loan amount & details of property.
You will get to know your final home loan eligibility amount.
Get the money in your account post verification.
The EMI that you have to pay depends primarily on three factors:
You can calculate the amount of monthly instalments with the help of the home loan EMI calculator by filling out the desired loan amount, the pre-determined rate of interest and the fixed tenure.
The eligibility criteria depends on your nationality, age and your years of work experience.
You can check the detailed home loan eligibility criteria for an in depth look into the same.
You need to submit the following documents while applying for a home loan from us:
Check out the entire list of documents required for home loan for further details.
The Pradhan Mantri Awas Yojana (PMAY) Scheme is an initiative provided by the Government of India that aims at providing affordable housing for the urban poor. Affordable homes will be built across selected cities and towns using eco-friendly construction methods in the best interest of the urban poor population in India. Also, under the Credit Linked Subsidy Scheme (CLSS), beneficiaries under PMAY are eligible for an interest subsidy if a loan is availed to purchase or construct a house.
In a Home Loan Balance Transfer, you can transfer your home loan from one bank to another. These could be Scheduled Commercial Banks (SCBs), Private and Foreign Banks, Housing Finance Companies (HFCs) registered with National Housing Bank (NHB). The borrower has to fulfill the eligibility criteria for availing Home Loan as per the Bank's terms and conditions and has serviced interest and/or installment of the existing loan regularly, as per the original terms of loan sanction. The borrower should have valid documents evidencing the title to the house to avail benefits of this scheme.
Instant Home Loan is an instant sanction for the customer’s loan application. You are eligible to get pre-approved Home Loan offers if you have an existing salary or savings account with the bank. With quick documentation and verification process online, you can also generate your Home Loan sanction letter in just a few clicks.
Do’s |
Don’ts |
Every lending institution has a set income limit for individuals based on particular locations. The income requirement is usually high for individual's residing in metro cities. You need to make sure you qualify for the income limit to get your home loan application approved. |
It is important to maintain a healthy credit report and score. Having a poor credit score could be an indicator to the lender that you may not be able to repay your future home loan. |
Ensure that all your pending dues for existing card bills and EMIs are paid off. The lenders track record of your credit history and credit score when getting started with the home loan application process. |
Even if a home loan application gets an in-principle approval based on the CIBIL score, the final approval of the loan can be expected only if you submit the required documents in a timely and credible manner |
It is important to acquire a No Objection Certificate (NOC) from the lender for loans that you've cleared. Obtaining this certificate will make your home loan application process easier |
Home loans are a long-term responsibility, to avail the loan you must have a stable career to be eligible. A history of job-hopping within a short period might lower your chances of loan approval and your application is very likely to get rejected. |
If your home loan application gets rejected you need to start working on improving your CIBIL Score. Past failures in paying EMIs, settling credit card bills and outstanding loan balances, may have a huge impact on the applicant’s ability to acquire fresh credit. The age and the ability of the applicant to earn a steady income, are also some of the major factors considered. Start by settling your outstanding loan payments and bills on time. This will help you when your credit-worthiness is being evaluated.
The RBI (Reserve Bank of India) made an announcement with regards to rationalising the risk weights on all the fresh housing loans to be sanctioned till the 31st of March 2022, and has linked them to LTV (loan-to-value). The LTV ratio determines the risk weights. The risk weight would be 35% at LTV of 80% and 50% if LTV is between 80% and 90%. The regulations state that risk weights would be applicable to home loans depending on the loan size and LTV. This would have a positive impact on home loan aspirants as banks are now being encouraged to provide more housing loans.
When there’s an unexpected increase in interest rates, we first attempt to make things easier on you by increasing the loan tenure—within permissible limits. If this doesn’t resolve the issue—covering interests under current EMI—we’ll need to increase the EMI. Another solution—you can choose to part-prepay online via the Customer portal.
Home Loan sanctioned for under construction property is disbursed in instalments by us. These disbursements in installments are called part / subsequent disbursement.
You will need to submit online request for part disbursement, along with the following documents. 1. Scanned copy of demand letter from the builder. 2. Receipt of last payment made to the developer.
By the joint effort of the central and state government of UP additional 7.5 lakh housing units have been authorized under the PMAY or PM Awas Yojana. This project is said to be inaugurated by Narendra Modi. Under the Mukhyamantri Awas Yojana, Yogi Adityanath, the Chief Minister of Uttar Pradesh,.....
Pradhan Mantri Awas Yojana or PMAY is a scheme that is sponsored by the government of India. The aim of this scheme is to offer affordable housing to the financially weaker sections of the society. The project intends to build houses in hand selected cities with the use .....
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A top-up loan is an additional loan taken over and above your existing loan. A top-up on home loan is offered to existing loan borrowers to finance their need for additional financing. Howev.....
Purchasing a home can be quite challenging especially for a first time home buyers. All things considered, there are endless things and requirements that you might be restless about committing a costly error. In order to finance your home purchase, you might consider getting a home loan from a re.....
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India’s first credit bureau, TransUnion CIBIL Ltd, is renowned for providing credit score to the customers based on their credit profile and repayment history. began giving cred.....
In September, 2020 Prime Minister Narendra Modi conducted an online housewarming ceremony or Griha Pravesh for 1.75 lakh houses, constructed under the Prime Minister Awas Yojana (PMAY), at Madhya Pradesh. Congratulating the families, the PM said that the houses were cons.....
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Home loans have always benefitted countless people, it is an easy way to finance a home purchase, build a house or own a property. However, lack of funds is not the sole reason for applying for a home loan; there are numerous other benefits that are tagged along with the loan. A home loan has zer.....
The Prime Minister of India, Narendra Modi, made a promise to provide “Housing for all by the year 2022”. This was done so under his housing scheme wherein houses would be constructed in rural areas under the plan known as the Pradhan Mantri Awas Yojana- Gramin or PM.....
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Section 17 of the Registration Act, 1908 makes it mandatory to register any transaction you make towards buying an immovable property if it is priced more than INR 100. It will not be an assumption to say that you will not find a new house in India that is worth less than INR 100. So, buying the .....
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If you do not have any idea about what is property tax, this article will help you get a better idea about it. If you own a house or any property in India, the municipal authority of your area charges you a tax on it. You have to pay this tax on any real estate you own, and the tax amount de.....
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The Pradhan Mantri Awas Yojana (PMAY) is a government initiative undertaken to make buying house affordable, especially for the economically weaker class in our country. Under the PMAY sche.....
The Pradhan Mantri Awas Yojana (PMAY) is a government scheme launched by our honorable Prime Minister, Shri Narendra Modi, with an aim to provide over 20 million affordable housing to the e.....
With an aim to provide affordable housing for the economically weaker class in our country, the Government of India launched the Pradhan Mantri Awas Yojana in the year 2015. The PMAY scheme aims to eliminate the slums in urban as well as rural areas and has already selec.....
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Purchasing your first home is one of the most exciting financial milestones of your life. Although it may seem like a complex process, it is an essential step when it comes to providing a stable environment for your family. Taking “the big step” of buying a home might ma.....
In today’s world, buying a home of your own is a like achieving a great feat However, working around your monthly income to incorporate the home loan EMIs without taking a hit on your lifestyle is no easy feat, which is why most people opt for a home loan. Although there are a lot of home loan pr.....
Property-related costs in India are escalating by the minute. In such a scenario, buying a ready-to-move -in house could prove expensive. The same is true if you are buying a ‘resale’ house with high market value. As compared to these options, the purchase of an under co.....
18 reviews
I applied for a home loan and my loan got approved. The loan procedure had easy steps so I could apply for it through the Finserv MARKETS App online. I could also track my loan status easily. Impressed with the speedy process.
Posted on 02 Jan 21
Online verification of documents and getting an approval on my home loan was hassle-free. It helped me a lot in getting the right finance. Also the online loan application process had simple steps.
Posted on 02 Jan 21
I took a home loan online, the procedure had simple steps and document submission online didn't seem to be difficult as I imagined it to be. Overall a good experience.
Posted on 31 Dec 20
I required funds, so took a loan for the extension of my house. The home loan procedure was smooth. I got quick approval and affordable interest rate on loan. Had an awesome experience.
Posted on 31 Dec 20
I wanted quick funds to buy my new house so I got a home loan from the app online and I was very happy with the easy application process. The quick online service was really nice. Overall good experience.
Posted on 30 Dec 20
Was searching for a home loan app with quick online application process as my requirement was urgent. I qualified for the loan and my loan application got approved in no time. I also found the repayment for loan to very flexible.
Posted on 30 Dec 20
I liked the fact that the loan process has less paperwork requirement. I applied for home loan on the app and minimal documentation made the process easier. The loan got approved in no time and I could use the money for my need.
Posted on 30 Dec 20
The procedure for home loan was efficient. I got the loan at affordable interest rate. I could also track the loan process online and it was a nice experience overall.
Posted on 29 Dec 20
Applied for an online home loan at Finserv MARKETS on the app. It was great. I could easily get a loan through the app and the process was smooth, it required minimal paperwork. Got my home loan amount approved in short span of time.
Posted on 29 Dec 20
The loan EMI calculator was very useful. Before applying for home loan, I got to check the EMIs I have to pay every month for a selected tenure. It was an easy process for approval, I was offered affordable interest rates on the loan amount.
Posted on 29 Dec 20
I have no qualms in admitting that I was confused about a home loan. But, the process of getting a home loan is uncomplicated and so easy on Finserv MARKETS. I realised my dream and got a home because of the fast and hassle-free online process.
Posted on 20 Nov 20
While looking for a Home loan, I wanted a loan with a flexible repayment tenure. On Finserv MARKETS, I got funds to buy my house with flexible repayment options of up to 360 months. Finally, I got the loan at EMI payments within my budget. Thanks a lot!
Posted on 20 Nov 20
The home loan application process, on Finserv MARKETS, has been a breeze for me. It just took me a few steps before I could actually unlock my home loan final eligibility. The amount was just right for me. For me, the easy application process was the best feature of this superb home loan.
Posted on 20 Nov 20
I have wanted to buy a home for myself since ages. Always got stuck though. But this time, thanks to Finserv MARKETS, for providing me an easy and convenient home loan. My loan application was approved within minutes, and I got a home loan with minimal documentation.
Posted on 19 Nov 20
First, my thanks to Finserv MARKETS for providing me an online home loan at an affordable interest rate. Believe me, I compared various home loan products, and found this loan to be the most nominal and economical. Highly recommended.
Posted on 19 Nov 20
Your team understood my customized needs in detail during first interaction itself. They arranged the home loan within record time which is why I was able to get my dream home. Thank you so much for the financial assistance.
Posted on 2 Nov 18
Home loan definitely made getting a home loan a lot easier, emotionally as well. Again, I wanted to let you know that I appreciate the help and support. Thank you for the high level of customer service and many thanks to the continued support and co-operation.
Posted on 15 Jan 19
I have availed a home loan through Finserv MARKETS. The documentation was minimal. The loan disbursement happened very smoothly. I have just uploaded the documents through online. Great going Finserv MARKETS!
Posted on 6 Dec 18