The following are the eligibility criteria for loan restructuring:
Borrowers willing to opt for the loan restructuring facility must submit their request for resolution plan for restructuring with their respective bank or lending institution along with relevant documents in support of their proposal for restructuring on loans.
The documents as mentioned above, will act as proof that the pandemic has impacted you, and your loan will be considered for the resolution plan. Implementation of the restructuring in respect of the loan account shall be at the sole discretion of the lender, it will also be subjected to the terms and conditions mentioned in the board-approved policy.
A home loan is an excellent tax-saving instrument, due to numerous tax deductions available under Sections 24, 80C and 80EEA of the Income Tax Act. Numerous lending institutions and NBFCs offer home loans at attractive interest rates. The online application process for loans is quick and easy. You can avail a loan through the Finserv MARKETS app. Apply for a Home Loan at Finserv MARKETS to get the best deal on loans. An eligible home loan borrower can get a loan of up to Rs.3.5 crore as a sanction to purchase or build the house of your dreams. Once the loan gets approved, the funds get deposited to your account within 24 hours. You get nominal interest rate and a flexible tenor of up to 240 months and get access to additional benefits such as additional Home Loan Top Up of up to 50% of your sanctioned loan amount.
Also, get access to personalized pre-approved offers and added services like a free Financial Health Check Report (FCHR). The financial health check report will help you understand and improve your credit standing for future loan applications.
“Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we work towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.”